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S. Korea’s Eco-friendly Car Exports Jump 40 pct in 2020

S. Korea’s Eco-friendly Car Exports Jump 40 pct in 2020

SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s exports of environment-friendly vehicles jumped 40 percent in 2020 from a year earlier on growing demand for less-emitting cars, the trade ministry said Sunday. Exports of all-electric and hydrogen fuel-cell electric vehicles climbed to US$4.6 billion last year from $3.3 billion a year ago, according to the [...]

Carpenter Technology Advances Aerospace Industry’s Shift to Electric

Carpenter Technology Advances Aerospace Industry’s Shift to Electric

LE BOURGET, France, Jun. 18 (Korea Bizwire) — Carpenter Technology (NYSE: CRS) today announced its involvement with multiple OEMs to progress their electric aircraft aspirations.  Carpenter Technology will provide advanced soft magnetic expertise and ultra-efficient electrical components to be used in R&D and demonstrator motors and engines, leading to construction of lighter-weight, longer-lasting electric propulsion [...]

Hyundai Motor Completes Fusion Station for Electric and Hydrogen Cars

Hyundai Motor Completes Fusion Station for Electric and Hydrogen Cars

SEOUL, Jan.19 (Korea Bizwire) – For the first time in Korea, the Gwangju Creative Economy Innovation Center (GCEIC) established by Hyundai Motor Group built a fusion station, a key infrastructure element for the realization of a ‘hydrogen economy’. According to Hyundai Motor Group, the first generation fusion station that was completed using the hydrogen charging [...]