Tesla partners with LG for US-made LFP batteries in new $4.3 billion deal Tesla has reportedly struck a new $4.3 billion deal with LG Energy Solution (LGES), a subsidiary of LG Chem, to supply lithium iron phosphate (LFP) batteries for its electric vehicles. This partnership marks a significant move for Tesla as it aims to […]
World’s largest electric ship with 275-ton battery power launches in TasmaniaÂ
World’s Largest Electric Ship with 275-Ton Battery Power Launches in Tasmania The world’s largest battery-powered ship, Hull 096, was officially launched in Tasmania. Built by shipbuilder, Incat Tasmania, this groundbreaking vessel is a true testament to the advancements in electric propulsion technology. With a massive 275-ton battery powering its engines, the ship is set to […]
South Korea launches $34 billion fund for strategic industries
South Korea Launches $34 Billion Fund for Strategic Industries In an ambitious leap to bolster key industries amid global competition, South Korea has recently unveiled a $34 billion fund aimed at supporting strategic sectors and driving innovation across the nation. This significant investment signals a strong commitment to enhancing the country’s competitiveness on the global […]