Lg

The RoK poured US$2.05 billion into Vietnam in the first half of 2021 RoK investment at US$2.05 billion in first half According to the Ministry of Planning and Investment, Vietnam attracted US$15.27 billion worth of foreign direct investment (FDI) in the first half of 2021. This includes US$2.05 billion from the RoK, accounting for 13.4 percent of FDI pledges to Vietnam. Other leading investors include Japan and Singapore. During the reviewed period, Japanese and Singaporean investors focused on new FDI projects in Vietnam, while RoK pledges were made to existing projects. Specifically, US$750 million was added to the LG Display Vietnam Hai Phong’s project. The additional amount brought the investment capital of the entire project to US$3.25 billion in total, making it the foreign-invested project with the highest value in the port city. LG Electronics is also considering building a new research and development (R&D) center in Vietnam. In addition to LG Electronics, … [Read more...] about RoK becomes largest foreign investor in Vietnam

Britain's Prime Minister Boris Johnson (C), chats to Warwick University engineering students as he looks at their electric racing car which they are developing with sponsorship from the facility, during a visit to the UK Battery Industrialisation Centre in Coventry, central England on July 15, 2021. David Rose / POOL / AFP Far from being autonomous, Europe needs to accelerate domestic battery output as a national security issue as well as a boost for businesses and jobs. Batteries that power electric cars and which weigh up to 600 kilograms (1,300 pounds), represent a considerable part of the vehicle's value. At the moment, they are mostly produced in Asia, with China, South Korea and Japan the leading manufacturers. With a mid-July announcement that it intends to ban the sale of new petrol and diesel vehicles by 2035, the European Commission has set a timetable for the bloc's shift to electric cars. Many carmakers, having sensed which way the wind is blowing with … [Read more...] about Europe to boost battery production as electric shift accelerates