Automotive
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LGES develops new all-solid-state battery technologies to advance commercialization
SEOUL -- The battery-making wing of South Korea's LG Group developed innovative technologies that can advance the commercialization of all-solid-state batteries that use composite-type solid electrolytes instead of liquid electrolytes, using micro-sized silicon particles which are comparatively cheap and easy to use. All-solid-state batteries are seen as a next-generation power source for electric vehicles as solid electrolytes are nonflammable and more stable. They can have a
24 September 2021
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LG Electronics acquires Israel's cybersecurity platform developer Cybellum to bolster car component business
SEOUL -- LG Electronics strengthened its component business for vehicle hardware and software by acquiring Israel's cybersecurity platform developer Cybellum in a deal that would reach about $110 million. The home appliance maker regards cybersecurity as an important element in next-generation vehicles which are evolving into complex systems connected with numerous components LG Electronics said it has signed a contract to secure a 63.9 percent stake worth $89.46 million in Cy
23 September 2021
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State demonstration project launched to commercialize hydrogen trams by 2023
SEOUL -- South Korea launched a state demonstration project to commercialize hydrogen trams by 2023. Fuel cells for automobiles would be modified for 380-kilowatt trams. The project is aimed at securing South Korea's competitive edge in the global eco-friendly train market through early commercialization. The Ministry of Trade, Industry and Energy pledged the injection of about 42.4 billion won ($36 million) for the development of technologies, saying hydrogen trams can be an al
23 September 2021
