Trends & Reports
The currently leading and potential markets of EVs
2021.03.04
  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 ...
World’s top 3 automobile markets (Europe, USA, China) accelerate shift to electric vehicles
2021.02.23
  “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 ...
Will refining margins rebound because of the Japan earthquake and US cold snap?
2021.02.17
  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., ...
Scramble for hegemony over EV battery accelerates in Europe, USA and China - the world's top 3 automobile markets
2021.02.03
  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 ...
K-Batteries keep making headway: SK Innovation gains more ground in the global market
2021.01.26
  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 ...
All-digital CES 2021 unveiled technology innovations for a sustainable future
2021.01.14
  “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 creates trickle-down effect in Georgia through its EV battery plants
2021.01.14
  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 ...
Norway is the first country in the world that EVs recorded 50% market share in 2020
2021.01.13
  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 ...
[Card News] Petrochemicals hidden under the road
2020.10.05
  Have you ever driven on a road only made from rocks and soil, or mud, and wish that every road is as good as a highway? Do you feel the soft road beneath your footsteps when you go jogging around the park near your house? The advancement of the petrochemical industry nowadays has made ...
[Card News] Cars made from plastic?!
2020.09.10
  “Lightweight” is now among the hottest global trends of the automotive market! With increasing interest in eco-friendliness related matters such as carbon emissions restrictions, people are actively searching for new materials to make lightweight vehicles. We have found a solution by using plastics, but how do they work? What do we have? Let’s find ...
SK IE Technology’s LiBS, the front-runner in the localization of components and materials business: “Reaching the global top with in-house technology”
2020.04.01
  Magazine SK, the company newsletter of SK Group, has recently published the article, “SK’s Technological Independence achieved in the World market” which discussed the leading technologies currently in possession of SK affiliates.   Among the many technologies of affiliated companies brought by SK Group’s Deep Change strategy, SK IE Technology, a material business subsidiary ...
SK Innovation Aiming to Take Lead in Battery Innovation through Developing Recycling Technology
2019.08.22
  SK Innovation is drawing the industry’s attention as it seeks to become the first company to commercialize the technology to retrieve lithium hydroxide (LiOH)(1) from the cathodes of spent batteries of electric vehicles. (1) Lithium hydroxide is more efficient for high-capacity lithium-nickel-manganese-cobalt-oxide (NMC) than lithium carbonate, and its supplies and price volatility may increase ...