News

Reliance Industries Plans to Invest US$8.1 Billion into Production Plants for PV Modules, Energy Storage Batteries, Green Hydrogen, and Fuel Cells

published: 2021-08-03 9:30
In late June, Mukesh Ambani, chairman of Reliance Industries Ltd. (RIL) and the richest person in India, revealed that his organization will invest US$8.1 billion over the next three years to develop manufacturing capacity for a wide range of green energy products. These include PV modules, energy storage batteries, modular electrolyzers, and fuel cells. Ambani said that RIL will “establish and enable at least 100GW of solar energy by 2030”. ...  more

Tesla Announces a US$1 Million Price Tag for Megapack

published: 2021-08-02 9:30
Tesla released the 3MWh grid-grade energy storage device Megapack in 2019, which ascended the company’s battery energy storage business to a new level, and now Tesla has revealed the price tag for this enormous battery for the first time. The battery is priced at US$1,235,890 (approx. NT$34.63 million), and does not include tax and annual maintenance cost. ...  more

ArcelorMittal’s Aims to Produce 1.6 Million Tons of Green Steel by 2025

published: 2021-08-02 9:30
Similar to the cement and petrochemical industries in a way that they are all essential to the maintenance of daily lives, the steel industry occupies 7-8% of the total carbon emissions in the world. Although it is one of the most difficult industries to decarbonize, there are still a number of steel companies out there that have proposed ambitious targets. An example of this is the global steel giant ArcelorMittal, which aims to establish zero carbon steel plants by 2025. ...  more

BMW iX to Cost Less than Model X in Taiwan

published: 2021-07-30 9:30
The price of the brand new BEV flagship SUV iX of BMW in Taiwan was officially announced today. As a leading EU luxury brand, the Taiwanese authorized retailer also revealed that 150 orders were obtained prior to the announcement of the prices, with less than half of the quota remaining for the first batch. ...  more

LG Energy Solution Plans to Begin Mass Production for All-Solid-State Batteries in 2026

published: 2021-07-30 9:30
Park Jinyong, Asia marketing manager for LG Energy Solution, said that his company is currently developing a polymer lithium-sulfur battery. This new generation of all-solid-state battery technology, which is expected to offer even higher energy density, lower weight, and greater safety, could be applied to electric vehicles, drones, and remote-controlled crafts. ...  more

Tech Giants Facilitate Threefold Upgrades in Volvo’s EV Technology 


published: 2021-07-28 9:30
Volvo officially announced its new concept electric vehicle in an online presentation on July 1. In an effort to prepare for its comprehensive electrification strategy for 2030, the company has sought the help of tech giants such as Google, Nvidia, and Luminar to assist it with its integration of automotive software and hardware and to help it to further upgrade its automotive technology. ...  more