South Korea’s monthly export volume of new energy vehicles has remained at 50,000-60,000 vehicles this year, and the annual export volume is expected to exceed 700,000 vehicles.

Image source Pixabay

South Korea’s new energy vehicle exports have grown steadily, reaching 271,000 vehicles in 2020, 405,000 vehicles in 2021, and 555,000 vehicles in 2022.

As hybrid vehicles continue to gain popularity in overseas markets, new energy vehicle exports have been boosted by significantly expanded lineups of electric vehicles such as Hyundai Motor Co.’s IONIQ 5, IONIQ 6 and Kona and Kia’s EV6, Niro and Soul.

It is noted that from January to November this year, South Korea sold the most pure electric vehicles overseas, reaching 316,654 units; followed by 283,685 hybrid vehicles, 61,694 plug-in hybrid vehicles and 274 hydrogen electric vehicles.

Exports of hybrid vehicles increased by 6.5% year-on-year, exports of pure electric vehicles increased by 65.7%, but hydrogen-powered vehicles experienced a 30.8% decline.

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South Korea’s Ministry of Science and Information and Communications Technology announced on Wednesday that it will invest 440.7 billion won (currently about RMB 2.38 billion ) in research and development of 6G network services.

According to reports, the 440.7 billion won in funds from the Ministry of Science and Information and Communications Technology of South Korea will be used to develop technologies including wireless communications, mobile core networks, 6G wireless networks, 6G systems and 6G standardization.

South Korea hopes that 6G technology can provide a variety of services, including the development of ultra-high-speed, large-capacity optical fiber transmission systems to improve the delay of wired networks. In addition, urban air transportation, virtual reality, etc. can also make full use of the benefits of 6G.

They said they are committed to standardizing domestic 6G technology in accordance with international standardization requirements and are expected to start formulating it as early as 2024. The plan also involves the development of mid- and high-band technology, covering the frequency range from 7GHz to 24GHz, which can also help upgrade 5G networks.

South Korea’s Ministry of Science and Information and Communications Technology also stated that they plan to demonstrate results related to 6G network research and development in 2026 and plan to play a role in the formulation of international standards for next-generation network services.

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In other words, Samsung Electronics and SK Hynix can freely supply semiconductor equipment containing American technology to Chinese factories without requiring separate approval.

The U.S. Commerce Department is updating its “verified end-user” list to determine which entities can export specific technologies, Yonhap News Agency said. Once included on the list, there is no need to obtain a separate export license, which means that US export control policies are effectively suspended indefinitely.

“We welcome the U.S. government’s decision to extend exemptions from export control regulations. We believe this decision will help stabilize the global semiconductor supply chain,” SK Hynix said in a statement.

It is found that Samsung Electronics and SK Hynix received one-year authorization from the U.S. Department of Commerce last year to supply equipment required for chip production to factories in China without applying for additional license, and this exemption expired in October this year.

Currently, Samsung Electronics produces NAND flash memory in Xi’an, China, SK Hynix produces DRAM chips at its Wuxi plant, and NAND flash memory in Dalian. It is noted that TrendForce statistics show that as of the end of June, these two companies together controlled nearly 70% of the global DRAM and 50% of the NAND flash memory market.

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To date, Korea’s imports of electric vehicle batteries from China have surpassed last year’s total of $3.49 billion. According to the report, South Korea imported 4.63 billion U.S. dollars worth of power batteries from all over the world this year, and 97% of the proportion came from Chinese companies.

During the same period, South Korea’s power battery exports reached 66 million U.S. dollars, half of last year’s total exports.

Industry analysts say that most imports from China are lithium iron phosphate batteries, which have the advantages of high safety and relatively low cost, but their domestic production scale in South Korea is very small.

Currently, automakers such as Hyundai Motor and KG Mobility have begun to use Chinese-made power batteries to lower product prices. For example, Hyundai Kona Electric and locally popular entry or economy models such as the Kia Niro EV and Kia Ray use batteries made by manufacturers such as Ningde Times.

▲ Source Kia

Most South Korean battery companies are currently working on Li-ion ternary batteries, and have gradually invested in the development of lithium iron phosphate batteries, although mass production is still a long way off and will remain stagnant until 2026.

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The Korea Communications Commission (KCC) pointed out in a statement that the two companies forced app developers to use specific payment methods, causing unfair delays in app review. KCC said it is currently notifying the two companies to take corrective measures and will review the fines.

According to Reuters, Google said in response that “the KCC issued a ‘pre-notice’ today, and we will carefully review and submit a response. If we receive a final written decision, we will evaluate the next course of action.”

Apple also stated in its response to Reuters, “We do not agree with the conclusions made by KCC in the report. The modifications we have implemented on the App Store comply with the relevant provisions of South Korea’s Telecommunications Business Act. We will continue to stay in contact with KCC and will be available at any time.” Share ideas”.

It was previously reported that South Korea’s telecommunications regulator said in August last year that it planned to launch investigations into app store operators such as Apple, Google and the One Store because they allegedly violated in-app payment laws.

Last year, South Korea passed an amendment to the Telecommunications Business Act, which bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effective in March.

The Korea Communications Commission said in a statement that it had conducted an inspection since May 17 to determine whether Google, Apple and the One Store violated the revised Telecommunications Business Act, after determining that all three app store operations The merchant may have violated the rules.

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Tesla Korea’s official website inquired that the Model Y model rear-wheel drive version of the price of 56,990,000 won (currently about RMB 322,000), is expected to be delivered from August 2023 to September (depending on the situation). model Y dual motor all-wheel drive long-range version and high-performance version of the Tesla Korea official website is not yet available for sale but is expected to be listed on the market for the year 2024.

With government subsidies, the Model Y rear-wheel drive version is reportedly priced down to around $37,000 (currently around RMB 265,000) in Seoul, with prices as low as $30,000 (currently around RMB 215,000) in some cities that offer additional incentives for electric cars.

It’s worth noting that the Tesla Model Y rear-wheel-drive version sold in South Korea is equipped with the same features as the domestic model, with the exception of a different range standard.

According to Tesla Korea’s website, the Model Y rear-wheel-drive version has a range of 350 kilometres, and the actual driving range “may vary depending on external factors, such as speed, weather conditions, and changes in altitude”. The domestic model is based on the CLTC standard, which gives the Model Y rear-wheel drive version a range of 545 kilometres.

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Prior to this, South Korean Deputy Prime Minister for Economy and Minister of Planning and Finance Choo Kyung-ho has revealed that the original economic growth forecast will be slightly lowered. A person from the Ministry of Strategy and Finance of South Korea said that although the forecast value has not yet been determined, judging from the recent economic trend, the downward adjustment will not be too large.

Last month, the Bank of Korea lowered its economic growth forecast for this year to 1.4 percent from 1.6 percent. The Korea Development Institute (KDI) cut its growth forecast to 1.5 percent from 1.8 percent. The Organization for Economic Co-operation and Development and the International Monetary Fund also forecast Korea’s economic growth at 1.5 percent.

South Korea’s semiconductor exports have continued to decline since August 2022. In May of this year, South Korea’s semiconductor exports were US$7.37 billion, a year-on-year decrease of 36.2%. Bank of Korea Governor Rhee Changyong said the chip industry will bottom out in the fourth quarter.

South Korea’s “Seoul Economics” stated that South Korea’s main export product, semiconductors, has a greater impact on the economy. Advanced strategic industries such as semiconductors and batteries, which have a huge impact on the economy, have reduced their contribution to economic growth due to “deteriorating external conditions.” According to a report released by Korea’s Hyundai Economic Research Institute on the 25th, a 10% increase in the sales of semiconductor and battery companies will contribute 0.248% to South Korea’s economic growth rate. Therefore, some voices believe that if South Korea wants to maintain its status as a manufacturing powerhouse, the government’s policy support is imminent.

“World Journal” said that the variable for the Korean economy in the second half of the year is still exported. In order to invigorate the economy in the second half of the year, the South Korean government plans to focus on export and investment. In addition to semiconductors and displays, it will also focus on infrastructure and food.

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Even with the fast charging method, the charging time of electric vehicles usually takes at least 30 minutes. If we could charge electric vehicles as quickly as we can refuel, we could ease the shortage of charging stations.

The efficiency of lithium-ion batteries depends on the ability of the anode material to store lithium ions. Recently, the research team led by Professor Jin Yuanpei developed a new type of anode material. Using a novel self-mixing method, they synthesized manganese ferrite nanosheets with large surface area through a simple displacement reaction process. This new material can store more lithium ions, breaking through its theoretical limit.

In this study, the research team devised a new method to synthesize manganese ferrite nanosheets, a material with both excellent lithium-ion energy storage capacity and good ferromagnetism. First, a displacement reaction was performed in a mixed solution of manganese oxide and iron to form a heterostructure compound with manganese oxide inside and iron oxide outside. Then, the team used a hydrothermal method to prepare manganese ferrite nanosheets with a thickness of only nanometers. This approach takes advantage of highly spin-polarized electrons, significantly improving the ability to store large amounts of lithium ions.

This innovation allowed the team to effectively exceed the theoretical capacity of the manganese ferrite anode material by more than 50 percent. The increased surface area of the anode material allows a large number of lithium ions to move at the same time, increasing the charging speed of the battery. Experimental results show that it takes only 6 minutes to fully charge a battery with a capacity equivalent to that of an electric vehicle currently on the market.

The research simplifies the complex process of preparing anode materials, leading to breakthroughs in improving battery capacity and speeding up charging. Professor Jin Yuanpei, the leader of the research team, said, “We provide a new understanding of how to overcome the electrochemical limitations of conventional anode materials and increase battery capacity by modifying the surface with electron spin.” The development expressed optimism that it could improve battery life and reduce charging times in electric vehicles.

This research was supported by the National Research Foundation of Korea and the Ministry of Science, Technology and Communication’s Mid-Term Investigator Program and Advanced Research Center Program, and the Ministry of Trade, Industry and Energy’s Performance Enhancement and New Manufacturing Technology Development Program for Next-Generation Rechargeable Li-ion Batteries.

This could be a major breakthrough in the field of lithium-ion battery chemistry. If this technology can be commercialized, it will set a new standard. Even for a small system like a cell phone, a 50% increase in capacity would be a significant change. Also, keeping the same capacity saves lithium usage. A full charge in 6 minutes is even more unheard of, and I hope this technology can be commercialized as soon as possible.

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A total of 100 designated technologies, including semiconductor devices, freeform displays and hydrogen fuel cells, will receive priority government funding.

As a first step, the Korean government will establish a public-private advisory body later this year to develop a plan to launch government-funded R&D projects and share their results with the industry.

The government’s R&D plan also includes encouraging the timely employment of well-educated students and experts in related industries and creating a social infrastructure for effective R&D.

Korea has been strengthening its financial and administrative support for key economic drivers such as semiconductors. Last month, the South Korean parliament passed a bill aimed at supporting the semiconductor industry by providing greater tax incentives to chipmakers and other strategic industries.

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Judging from the latest data, the export volume of South Korea’s semiconductor products improved in March, but the year-on-year decline has not yet reversed, far less than the same period last year.

Foreign media quoted data from the Ministry of Trade, Industry and Energy and the Customs Service of South Korea as reporting that exports of semiconductors in March were US$8.6 billion, up from US$5.96 billion in the previous month, an increase of 44.3% month-on-month.

Although the month-on-month increase was large, the export value of South Korea’s semiconductor products in March was still far below the US$13.12 billion in the same period last year, a year-on-year decrease of 34.5%, and the year-on-year decline for eight consecutive months.

Semiconductors are an important export product of South Korea, accounting for about 20% of South Korea’s overall exports for a long time. The decline in semiconductor exports will inevitably affect South Korea’s overall export status.

Data from the Korean Ministry of Trade, Industry and Energy and the Customs Service also show that in March this year, South Korea’s overall exports were US$55.13 billion, a year-on-year decrease of 13.6%, and imports were US$59.75 billion, a year-on-year decrease of 6.4%. trade deficit.

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