According to the numbers given by EV Volumes, a database of sales statistics, charging infrastructure, batteries, car models, and sales forecasts for plug-in car, last year’s sales of global plug-in vehicles, including BEVs (battery electric vehicles) and PHEV (plug-in hybrid electric vehicles), were estimated to reach 3.24 million units. Compared to the 2.26 million ...

  “The Stone Age did not end for lack of stone.” – Ahmed Zaki Yamani, former Oil Minister of Saudi Arabia   The world’s automobile industry is accelerating the shift from internal combustion engines to electric vehicles (EV) due to enhanced international environmental policies introduced to reduce carbon footprints. Europe, USA and China, known as ...

  Recently, the market has been expecting that demand for petroleum products will recover thanks to the expansion of COVID-19 vaccination and supply disruptions of oil from the U.S. and Japan. In particular, due to the 7.3-magnitude earthquake that struck off the coast of Fukushima in Japan and the cold snap in Texas, the U.S., ...

  Europe, USA and China, known as the top three automobile economies of the world, are fueling up the competition to dominate the global electric car battery market, in line with the surging growth of the electric car markets. Europe and US, in particular, are racing fast to outrun Asia.   | “Europe needs a strong ...

  Korean EV (electric vehicle) battery manufactures are gaining ground, and among them, SK Innovation has been making big moves by increasing its share in the global EV battery market. The industry predicts that in 2021 SK Innovation’s share in this market will even increase faster.   According to data released by market research firm ...

  In the last two articles of this series, we were able to find out how SK Innovation is integrating ESG management into its businesses through the examples of waste plastics reborn as new materials and Ulsan Complex reborn as an eco-friendly plant. Today, let’s take a look at SK Innovation’s electric vehicle (EV) battery ...

  “CES looks different this year, but the foundation of the show – innovation, connection, collaboration – remains strong and consistent.” (Gary Shapiro, President & CEO of CTA)   As exhibition is one of the areas that are most affected by the COVID-19 Pandemic, CES, the world’s largest consumer electronics and technology showcase, is no ...

  SK Innovation’s large-scale investment in EV battery manufacturing plants in Georgia, USA, has created a trickle-down effect in downstream industries.   | SK Innovation’s Georgia EV plants will reach annual capacity of 21.5GWh by 2023   It was revealed that SK Innovation is going to start the pilot production of the first battery plant ...

  As nations are making more effort to bring environmentally positive changes, the focus of the global automobile industry is shifting rapidly to EVs. This could be observed in the case of Norway, one of the world’s largest oil exporter. Recently, it has been reported that more than 50% of new car sales in Norway ...

  SK Innovation has recently announced it will finance 1.09 trillion KRW (about 986 million USD) to the battery manufacturing plants in Georgia through green bonds. The bonds will be issued by SK battery America, a global subsidiary SK Innovation, to fund the construction of the second plant in Georgia.   Last year, SK battery ...

  On 15th December (U.S. local time), SK IE Technology’s brand of colorless cover material for flexible displays FCW (Flexible Cover Window) was announced to be selected as a CES 2021 Innovation Awards honoree in the wearable technology sector.   CES (Consumer Electronics Show) is an annual trade show organized by Consumer Technology Association (CTA) ...

  Following our 3rd episode of how SK Innovation is practicing ESG management, this time we visited SK Innovation Ulsan Complex (“Ulsan CLX”), the major production base in Korea of SK Innovation. Let’s find out how Ulsan CLX can obtain a 300 billion KRW operating profit but also reduce environmental pollution through ESG management.   ...