Category Archives: EV

LG Chem Will Invest KRW 1.2 Trillion to Expand Its Battery Plants in Nanjing

published: 2019-01-17 10:07 | editor | category: News
South Korea’s LG Chem announced on January 9 that it will invest KRW 1.2 trillion (USD 1.07 billion) to expand its two battery production plants located in the Chinese city of Nanjing. The initiation of this capacity expansion program is in response to the rising demand in China for powertrain batteries used in electric vehicles (EVs) and cylindrical batteries used in various electronic products. ...  more

Nikkei: China to Cut EV Subsidies by 30% in 2019

published: 2019-01-07 11:41 | editor | category: News
The Chinese government is reported to implement a 30% reduction in the subsidies for the purchase of an electric vehicle (EV) in 2019. Such a move is expected to significantly lower the domestic demand and cause some difficulties for would-be buyers. ...  more

ESI Will Be at CES 2019

published: 2018-12-25 11:27 | editor | category: News
ESI Group (Paris:ESI), leading innovator in Virtual Prototyping software and services for manufacturing industries, will exhibit at CES in Las Vegas on January 8-11, 2019. ...  more