MIIT to Intensify Sampling Inspections of High-Profile Car Models with Major Quality & Safety Risks

According to industry sources on June 5, POSCO Holdings received RIGI approval from the Argentine government for its Sal de Oro lithium project in Argentina. RIGI is a framework designed to attract large-scale investment in strategic industries such as energy, mining and technology. Once approved, companies can expect benefits such as lower corporate taxes, tariff exemptions and eased foreign exchange regulations.

According to EV media outlet Electrek on June 4 local time, Nissan is launching a project to develop “Cost-effective, Resilient Solid-state Li-S” batteries together with UK battery company Gelion, Nissan Technical Centre Europe (NTCE) and the University of Oxford. The project will run for three years, with a total budget of around GBP 3.4 million, or about USD 4.5 million. Of this, Gelion will receive around GBP 2.4 million, or about USD 3.2 million, in UK government funding. The key focus of the project is the development of solid-state lithium-sulfur batteries using sulfur-based cathode materials.

Zeekr Korea unveiled the premium midsize electric SUV “7X” in South Korea and will begin full-scale sales in the second half of this year. In South Korea, the model will be offered in three trims: Pro, Max and Ultra. The Pro trim is equipped with Zeekr’s self-developed 75 kWh lithium iron phosphate (LFP) “Golden Battery.” The Max and Ultra trims are equipped with 100 kWh high-performance nickel-cobalt-manganese (NCM) batteries supplied by CATL. The Pro and Max trims each feature a single electric motor, delivering a maximum output of 421 hp and maximum torque of 45 kgf·m. Their certified driving ranges are 375 km and 483 km, respectively. The Ultra trim is an all-wheel-drive (AWD) model based on a dual-motor system, with motors mounted on the front and rear axles. It delivers up to 645 hp and maximum torque of 72.4 kgf·m, with a maximum driving range of 440 km.