Hankook Tire supplies Ventus S1 evo 3 EV tires to Volkswagen’s ID. Buzz. [HANKOOK TIRE AND TECHNOLOGY] Hankook Tire and Technology has taken the top spot in the tire market for electric vehicles (EV). The expansion of the EV market led to surging demand for tires exclusively for EVs and tire makers are actively trying to dominate the new market. Hankook Tire, the largest tire manufacturer in Korea, is playing a leading role. Because it secured technology exclusively for tires through continuous investment even before commercialization, Hankook Tire was able to rapidly dominate the market. Hankook Tire started to make its presence known in earnest at a time when it was supplying tires for Porsche’s Taycan, its first high-performance electric sports car model, in 2020. By partnering up with Porsche, a top sports car manufacturer, Hankook Tire was able to fully verify its technical skills for EV tires. Tesla’s Model Y and Model 3, which hit the market during the global EV … [Read more...] about Hankook Tire dominates EV market
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Samsung SDI, General Motors discuss possible cooperation
Samsung SDI CEO Choi Yoon-ho speaks during the company's annual general meeting on March 15 in southern Seoul. [SAMSUNG SDI] The CEO of Samsung SDI confirmed that the company is discussing a mid- to long-term partnership with General Motors, following reports that the battery maker and the U.S. automaker signed a memorandum of understanding to build a battery plant in the United States. “I visited the United States to have a close discussion with GM for the mid- to long-term cooperation,” said Samsung SDI CEO Choi Yoon-ho on his way out of the annual general meeting Wednesday, without specifically answering whether or not the two parties signed an agreement. The head of the Yongin, Gyeonggi–based battery maker hinted at the possibility of making lithium iron phosphate, or LFP, batteries to cater to clients pursuing affordability and safety. “LFP batteries represent an important platform, and we are working hard for the LFP range in order to meet the needs of different … [Read more...] about Samsung SDI, General Motors discuss possible cooperation
Troubles Loom If Europeans Are Denied Cheap Electric Cars
Share to Twitter Share to Linkedin The electric car revolution in Europe requires a swift change of gear if it is to move from a well-heeled, early-adopters' niche to the mass market. European manufacturers still haven’t got the memo; small is beautiful. If this fails, the ramifications will be political as well as economic. Consumers will have to accept that electric cars, even expensive ones, have serious range limitations. Long trips with the family to southern Spain or Italy for the summer holidays using fast motorways are no problems for an internal combustion engine (ICE). But range anxiety from fast-but-legal motorway driving and poor charging facilities present big hurdles for electric vehicles. Given that 90% of motoring is never much more than 30 miles a day anyway, everyday use won't be much of a problem. You can always hire a diesel for those annual trips to the sun or weekend jaunts. Or take the train. Current electric technology produces, … [Read more...] about Troubles Loom If Europeans Are Denied Cheap Electric Cars
U.S. Government Sets Bold Goals For The U.S. Bioeconomy – Including A Target For 30% Of Bio-Based Chemicals
Share to Twitter Share to Linkedin Back in September, President Biden inked a new executive order setting the government on a bold new course for creating a national biostrategy . One of the first tasks assigned to each of the government agencies was to develop goals that outline how they plan to realize the vision of a bio-based economy. Yesterday the White House issued a report highlighting just that. Spearheaded by Georgia Lagoudas, Senior Advisor for Biotechnology and Bioeconomy at the White House Office of Science & Technology Policy who is responsible for implementing the Executive Order , the document contains a number of specific strategies developed by agencies like the USDA, NIH, NSF, DOE, and DOD for introducing climate change solutions, food and agriculture innovation, supply chain resilience, human health, as well as cross-cutting advances that can have an impact across all those sectors. Representatives from those agencies spoke at the … [Read more...] about U.S. Government Sets Bold Goals For The U.S. Bioeconomy – Including A Target For 30% Of Bio-Based Chemicals
Evergrande’s Restructuring Plan For Offshore Debt Still Carries Considerable Risks For Creditors
Share to Twitter Share to Linkedin China Evergrande Group has unveiled its plan to restructure about $19 billion of offshore debt, buying more time for its billionaire founder Hui Ka Yan to resume operations and generate much-needed cash. But analysts say the plan lacks details and offers less-than-favorable terms for creditors. Holders of offshore debt in the Hong Kong-listed company are to receive a basket of options, according to a late Wednesday filing to the city’s stock exchange. The bondholders can either swap their debt for new notes with maturities of 10-12 years, or they can convert them into new notes with repayment terms of five to nine years combined with equity-linked instruments. The instruments will be tied to the shares of Evergrande itself, its property management business or its Hong Kong-listed electric car unit. “The proposed restructuring will alleviate the company’s pressure of offshore indebtedness and facilitate the company’s … [Read more...] about Evergrande’s Restructuring Plan For Offshore Debt Still Carries Considerable Risks For Creditors