Maersk Unveils World’s Biggest Methanol-Powered Containership
A.P. Moller-Maersk A/S’s newest methanol-powered vessel will soon set sail from South Korea as the shipper seeks to reduce emissions in one of the world’s most-polluting industries.
January 26, 2024Battery Maker LG Energy Posts Earnings Miss Amid Weak Demand
Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue.
January 9, 2024China’s CATL, BYD Dominate EV Battery Market
Chinese companies are expanding their share of the U.S. and European electric car battery markets thanks to lower prices, cementing their domination of the industry globally.
October 11, 2023China’s CATL Extends Lead as World’s Top EV Battery Maker
Contemporary Amperex Technology Co. Ltd.’s share of the electric vehicle battery market continues to grow, as the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.
January 4, 2023Battery Giants, Hyundai Concerned by US Moves on China Supplies
South Korea’s biggest electric car batterymakers and Hyundai Motor Co. have expressed concern over new U.S. legislation aimed at boosting domestic production of EVs and reducing the use of Chinese materials.
August 12, 2022