EcoPro BM upgrades Hungary cathode plant for German EVs

EcoPro BM has begun upgrading its cathode production lines at its facility in Debrecen, Hungary, to produce high-nickel cathodes for a German luxury electric vehicle maker, signaling an aggressive push into Europe’s battery supply chain. During an investor conference held in Seoul on Friday, the company announced a 40 billion won ($29 million) investment to convert its nickel-cobalt-aluminum line into a hybrid NCA-nickel-cobalt-manganese line. This will allow the plant to supply NCM cathodes to

2026-08-24 14:57:25:00

Innometry ships first inspection equipment for 46-series batteries

Innometry said Sunday it recently shipped non-destructive inspection equipment for a major battery manufacturer’s mass production line for 46-series cylindrical batteries, strengthening its position in the rapidly expanding next-generation electric vehicle supply chain. Following a supply contract secured in February, the shipment includes CT inspection units that evaluate electrode alignment and X-ray systems designed to detect foreign materials inside the battery cells. “This marks the industr

2026-08-23 16:26:57:00

Genesis details ground-up engineering of GV90

Genesis, a premium brand under South Korean auto conglomerate Hyundai Motor Group, has developed its new GV90 electric SUV from the ground up, overhauling everything from its platform and battery architecture to its body structure and assembly plant, according to the company. At a technical briefing in San Francisco on Thursday, Hyundai Motor Group executives presented the flagship SUV as the product of a broader rethink of the Genesis brand’s approach to luxury electric vehicles. Manfred Harrer

2026-08-23 13:44:45:00

Mercedes-Benz S-Class returns to Korea with revamped luxury, tech upgrades

Five years after setting the benchmark for executive luxury, the face-lifted Mercedes-Benz S-Class has returned to Korea, packing extensive upgrades in performance, safety and digital technology. Marking Shirin Emeera’s first major launch as Mercedes-Benz Korea CEO since taking the helm in July, the flagship sedan is set to prove whether it can reclaim its crown in an increasingly competitive full-size luxury segment. Featuring over 50 percent newly developed or updated components, the new S-Cla

2026-08-21 17:00:00:00

[Photo News] Genesis takes luxury electric

Hyundai Motor Group Executive Chair Chung Euisun (second from right) and other top executives pose for a photo at the world premiere of the Genesis GV90 Neolun in San Francisco on Wednesday. Marking Genesis’ entry into the full-size electric SUV segment, the model features the world’s first B-pillarless coach doors that allow the front and rear doors to open independently. Chung said the GV90 embodies the brand’s vision for human-centered luxury mobility. From left are Genesis Motor North Americ

2026-08-20 14:06:45:00

Gaon Cable lands W200b US AI data center deal

Gaon Cable has secured a 200 billion won ($143.4 million) busduct supply deal with a major US cloud operator, expanding its presence in North America’s fast-growing AI data center market. The company said Thursday that its US manufacturing subsidiary, LS Cable & System USA, would supply busduct power distribution systems for a 250-megawatt AI data center project. Busducts are used to deliver large amounts of electricity efficiently within power-intensive facilities. The contract represents LSCUS

2026-08-20 14:06:35:00

S-Oil invests W9tr into Korean petrochemical revival

S-Oil is betting 9 trillion won ($6.4 billion) on its Shaheen Project to sharpen the cost, energy and supply-chain competitiveness of Korea’s struggling petrochemicals industry. According to the company on Tuesday, the Shaheen Project marks the world’s first commercial deployment of thermal crude to chemicals technology, which converts crude oil and low-value refinery fractions directly into high-value petrochemical feedstocks. The facility drastically improves raw material and energy utilizatio

2026-08-18 14:32:42:00

Chey, Gates deepen nuclear ties for AI power

SK Group Chair Chey Tae-won and TerraPower Chair Bill Gates have met twice over the past year, signaling that their companies’ relationship is expanding beyond investment into a strategic partnership aimed at meeting soaring electricity demand in the AI era. Chey and Gates met over dinner Friday at Seonhyewon in central Seoul to discuss next-generation nuclear power, energy demand from AI data centers and potential global cooperation, according to industry sources Monday. The meeting followed th

2026-08-17 15:54:37:00

SK, HD Hyundai bolster ties with TerraPower on advanced nuclear projects

South Korea and the US are deepening their strategic nuclear partnership as Korean industrial leaders, including SK Group and HD Hyundai, expand their presence in the fast-growing small modular reactor (SMR) market. On Friday, Korean Industry Minister Kim Jung-kwan met with Bill Gates, founder and chairman of TerraPower, who visited Seoul for the first time since last August. The two discussed ways to integrate Korean suppliers into the US nuclear developer’s global SMR supply chain. SK Group an

2026-08-14 17:18:49:00

Doosan Enerbility to supply key SMR components to US TerraPower

Doosan Enerbility has secured a deal to supply critical components for US-based TerraPower’s advanced small modular reactor, partnering with the Bill Gates-backed nuclear technology firm as it expands footprint in the global next-generation reactor market. Under the agreement, Doosan Enerbility will supply the core structural components —including the containment vessel, support framing and internal reactor structures — for TerraPower’s Natrium plant in Kemmerer, Wyoming. The $4 billion nuclear

2026-08-14 14:24:48:00