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Spread new profits through two-way participation in electricity through electric vehicle home power storage Electric vehicles have transformed into storage for household electricity, and with the exemption of electricity bills, low-cost electric vehicles have transformed into utilities by meeting new requirements for the power supply chain. A power supply system has begun in Europe that stores e..

Ford GM ‘discards’ investment in electric vehicles, ‘4-fold increase’ in hybrid gasoline vehicle production American automaker Ford GM postponed its investment in electric vehicles and announced increased production and sales of hybrid and gasoline vehicles. Ford Chief Financial Officer John Lawler wrote in an investor note on the 26th that the company will “defer some of its planned multibillio..

Japan-Canada battery joint venture, focusing on all-solid-state products Korea ‘mid- to low-cost replacement’ Japan entered Canada with low-cost iron phosphate LEP batteries, and Korea announced its development of replacement products as a latecomer to mid- to low-priced batteries. At the 'Korea Advanced Battery Conference (KABC) 2023' hosted by energy market research company SNE Research on the..

In the electric vehicle market, small and medium-sized companies specializing in ‘battery packs’, ‘coatings’ and ‘distribution boards’ are creating high profits one after another. Hyundai Motor Company's entry into the US electric vehicle market has expanded to investment in the acquisition of robot companies rather than parts development, and the construction of LG Ensol's joint battery plant w..

At the US-France summit, an agreement was reached on “semiconductor battery hydrogen resynchronization,” which excluded electric vehicles at stake in South Korea, and NATO showed cooperation with the US in security with China. Immediately after the summit between the two countries at the White House, US President Biden said, "We will continue to create manufacturing jobs in the United States, bu..

Vice-President Harrison confirmed the operation of the electric vehicle supply distribution network in accordance with the Inflation Reduction Act IRA in the four quadrant countries and announced that the IRA system was completed by ‘understanding Korea’s concerns about the tax benefits of electric vehicles’. During a meeting in Tokyo with Prime Minister Han Duk-soo, the White House said, "The t..