Business, Fuel, Global Freight

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.

Heejin Kim | Bloomberg News
January 26, 2024
Business, Technology

Battery 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.

Heejin Kim | Bloomberg News
January 9, 2024
Business, Technology, Equipment

China’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.

Heejin Kim | Bloomberg News
October 11, 2023
Business, Technology, Equipment

China’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.

Heejin Kim | Bloomberg News
January 4, 2023
Government, Business, Technology

Battery 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.

Heejin Kim | Bloomberg News
August 12, 2022