Ck On News Today

Japan retains the death penalty for its most serious crimes, like multiple murders.

Hana Bank will establish a regional office in Budapest, Hungary, in the first quarter of this year, according to the lender, Tuesday.

Solid Power licenses cell designs and production processes to SK On Solid Power to install pilot cell production line for SK On at Korea facilitySolid...

SK On LFP Battery Production: The company is in talks with some major traditional automakers, or original equipment manufacturers (OEMs), that are looking to line up LFP battery supply deals, SK Ons Chief Administrative Officer Choi Young-chan said.

Auto Battery Firm: But LG Energy Solution (LGES), SK On and Samsung SDI say it will be hard to go full steam ahead with lithium iron phosphate (LFP) batteries as they cant yet compete on price, executives and company officials familiar with their business strategies said. Feeding their worries is slowing growth in electric vehicle sales and the potential for changes in U.S. subsidies should President Joe Biden lose the 2024 election.

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Renault Korea Motors is facing uncertainties about its plan to manufacture 200,000 electric vehicles (EVs) in Busan annually, as battery makers here remain reluctant to increase their domestic production, according to industry officials, Monday. During Renault Group Senior Vice President Francois Provosts recent closed-door meeting in Korea with Prime Minister Han Duck-soo, the French firms executive is said to have complained about difficulties securing enough EV batteries here.

Ford is on track to receive the largest award under the US Department of Energys loan programme since President Joe Biden took office. The up to USD 9.2bn federal loan will fund the construction of enormous battery plants in Tennessee and Kentucky for Fords incoming electric vehicle range. The project is in a joint venture with SK On, a South Korean battery manufacturer.

To meet demand for clean energy in the next generation, hydrogen energy has been regarded as a key market for new energy development by various countries, and Taiwan makers, including CHEM New Energy, Kaori Heat Treatment and AcBel Polytech, have cut into the international supply chain for fuel cells and other related components, according to industry sources.

South Koreas top-3 battery makers SK On, LG Energy Solution (LGES), and Samsung SDI are all on track to build additional domestic production capacities, in order to reduce the countrys reliance on Europe, the US, and China for power battery supply and help expand its EV market, according to reports from Korea news media.