Search Results for: conex-korea-2017-small-affair

2022-12-14

Korea’s SK Battery To Supply Hyundai’s U.S. Plant

FAR EAST: SOUTH KOREA REPORT
Akihiro Komuro
Akihiro Komuro

Korean battery giant SK Innovation announced that it will expand its supply of batteries to Hyundai Motor Group in North America, and the two companies will discuss the construction of a joint venture plant to increase supply after 2025. SK Innovation says it plans to support Hyundai Motor Group’s increased EV production in North America.

In addition to EV production at its existing Alabama plant, Hyundai Motor plans to start operations of a dedicated EV plant in Georgia by 2025. Kia Motors, a group company, will also increase EV production in Georgia, as stable procurement of batteries, a key component of EVs, has become an issue.

SK On, a battery subsidiary of SK Innovation, already supplies batteries for Hyundai Motor’s mainstay Ioniq EV series. In the U.S., SK On produces batteries at its existing Georgia plant, and after consulting with Hyundai Motor, the company will decide whether to expand the plant or establish a new joint venture plant.

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2020-03-22

SOUTH KOREA REPORT, March 2020

Three South Korean EV Battery Manufacturers Grab Share

This article appeared in the March 2020 issue of PowerTALK™ News

Based on the capacity of EV-equipped batteries sold in January 2020, the three largest Korean battery companies (LG Chem, Samsung SDI and SK Innovation) have a combined share of 30.8%, exceeding 30% for the first time. In the ranking of total power consumption of EV batteries, China’s CATL is in the top place for the third consecutive year, LG Chem is in third place, Samsung SDI is in fifth place, and SK Innovation is in tenth place. For the first time, SK Innovation has joined the Top 10.

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2020-04-25

SOUTH KOREA REPORT: Doosan Infracore Hikes Sales Promotion with SNS in China

Doosan Infracore announced on March 24 that “the share of product marketing and customer support using live content broadcasting on SNS is growing in China.” The company has conducted more than 20 live machine maintenance training sessions through SNS, and the total number of users has reached about 7,300, with 140,000 followers on WeChat.

More than 1,200 machines were sold through such online marketing, and the sales of parts sold on WeChat reached 10 billion won.

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2020-05-24

South Korea: Hyundai and Kia Expand EV Models

According to the Hyundai Motor Group, both Hyundai and Kia plan to offer 44 eco-car models by 2025, more than half of which will be dedicated to EVs (23 models).

Akihiro Komuro
Akihito Komuro

Hyundai revealed in its 2025 strategy announced at the end of last year that it would increase EV and FCV sales to 560,000 and 110,000 units respectively. Kia has set a goal of selling 500,000 EVs and 1 million eco-cars by 2026, with 11 EV models available across all vehicle classes by 2025.

Source:            Yonhap News Agency

PSR Analysis: At present, both vehicle production and exports fell significantly in April due to the impact of COVID-19. In April, production fell 22.2% YOY and exports fell 44.3% YOY. But when we look at eco-cars, exports and domestic sales increased by 11.5% and 28.3% respectively.

Even during the predicament caused by the new coronavirus, the eco-car ratio is showing an increasing trend. Exports of EVs jumped 94.6% to a record 9,761 units. Of course, the entire South Korean auto industry is badly hurt by the ongoing corona shock.

However, even against this huge drop, Korean-branded eco-cars, including EVs, may be beginning to gain international recognition. Growth in external demand for these eco-cars will be a prerequisite for the recovery of Korean automobile production in the future. PSR

Akihiro Komuro is a Research Analyst, Far East and Southeast Asia, for Power Systems Research

Product Definitions Guide

Product Descriptions by Segment and Application Power Systems Research tracks some 250 products in 13 major industrial segments. This Guide defines each product that PSR lists in its proprietary databases. Segment: Agriculture Application: 2-Wheel Tractors 2-Wheel Tractors Application: Ag Tractors 2-Wheel Drive Tractors 4WD Articulated Ag Tractors MFWD Tractors (Mechanical Front Wheel Drive) Tracked Ag

Generator Sales Continue Strong in Q4 2018

SUMMARY: Gen-set sales in North America continued to grow in Q4 2018, with dealers reporting an overall unit sales increase of 6.7% over Q3 2018, largely due to a continued strong demand level for standby units by private consumers.

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2021-09-03

Automechanika Fair Shows CV Parts

Maxim Sakov
Maxim Sakov

MOSCOW–MIMS, also called Automechanika, is a trade show dedicated to automotive parts and components, automotive electronics and service/repair.

The fair was conducted this year at the Moscow Expocenter July 23 to 26.

Automechanika is a small local event. However, this year there were about 400 participants from 18 countries. The biggest delegations were from Russia and Turkey. There were companies from UK, India, Spain, Italy, Iran, UAE and other countries.

Among largest foreign participants were AJUSA, AZARD, AVS, ACPS automotive, BREMBO, BSG, CARVILLE, Conex distribution, Fenox, General Motors,  JP GROUP, KANN Group, KRAFT, KRAFTTECH, KRONER, LIQUI MOLY, Mutlu, Parts-Mall, RIVAL / MICHELIN, SANGSIN BRAKE, SKYWAY.

Russian companies were presented by GAZ Group, UGMK and many smaller component makers and trade houses.

Traditionally, this fair relates to the passenger cars segment. However, this year exhibitors showed parts for heavy duty vehicles and even construction/mining machines. PSR