Expectation of High Demand for Lightening Materials

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Boosted by rapidly growing eco-friendly vehicle markets

The market is growing exponentially for eco-friendly vehicles including electric vehicles (EVs), and hydrogen vehicles – in line with the expansion of public awareness of the environment due to such factors as COVID-19, and climate change. Therefore, the necessity of light materials used in eco-friendly vehicles is being raised and the demand for such materials in the market is thus expected to increase significantly.

According to the Korea Automobile Manufacturers Association (KAMA), global automobile sales showed a sharply reduced level as of 2020 amidst the ever-highest-level records of EVs. KAMA estimates that the eco-friendly vehicle market will occupy over 20 percent of the entire vehicle market through the expected annual growth of 20~40 percent over the next ten years from now.

Expectation of High Demand for Lightening Materials

The lightening of electric vehicle’s weight is an essential task in the transition toward the eco-friendly era. For electric vehicles, the lightening of body, suspension, etc. is necessary to achieve the anticipated level of mileage efficiency, considering that the vehicles’ entire weight is increased with the battery (400~500kg) and driving motor (approximately 150kg).
The issue of the vehicle’s lightening is largely classified into three sections – structure, construction, and materials. Among them, the lightening of materials is most highly evaluated in the lightening of an electronic vehicle’s total weight.
For this reason, there is expected to be increased demand for new products such as electrical steel plates, high tension steel plates, aluminum, and Carbon Fiber Reinforced Plastic (CFRP), all of which have a higher tensile strength compared to the existing products.

Expectation of High Demand for Lightening Materials


In particular, electrical steel plates, which enable the electrical energy to be efficiently used, are being produced to be used in eco-friendly vehicle more than 50 percent among such new products.
In addition, general steel plates, which were being widely utilized in various areas of vehicles – body, chassis, trunk rear, etc., are being replaced with aluminum.


 
 
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Korea claims the largest market for new semiconductor equipment with $17.71 billion in sales

https://korean-machinery.com///inquiryFor the second consecutive year, Korea claimed the largest market for new semiconductor equipment with $17.71 billion in sales, followed by China, rising to become the second largest equipment market for the first time with sales of $13.11 billion and displacing Taiwan, which fell to the third position with sales of $10.17 billion.
Annual spending rates increased for China, Japan, Rest of World (primarily Southeast Asia), Europe, and North America. However, new equipment markets in Taiwan and South Korea contracted. The 2018 equipment market rankings for Japan, North America, Europe, and Rest of World remained unchanged from 2017.
Sales for the global wafer processing equipment market segment rose 15 percent while other front-end segment sales jumped nine percent. Total test equipment sales increased 20 percent as assembly and packaging sales increased two percent.
Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the Worldwide SEMS Report is a summary of the monthly billings figures for the global semiconductor equipment industry.
Categories cover wafer processing, assembly and packaging, testing, and other front-end equipment. Other front-end includes mask/reticle manufacturing, wafer manufacturing, and fab facilities equipment.
The annual billings data by region in billions of U.S. dollars with year-on-year rates by region are as follows:

 

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Hyundai-Kia Motors Unveiled Solar Charging System Technology

https://korean-machinery.com///inquiryHyundai-Kia Motors heralded the era of the solar charging vehicle and accordingly disclosed the solar charging system technology recently. This is their will to gain an advantage in the competition for eco-friendly vehicles by extending mileage and reducing CO2 generation by commercializing the solar charging system technology using the light of the sun.
The solar charging system is being developed to support the main power. It increases fuel efficiency by charging not only eco-friendly vehicles including electric and hybrid ,but typical motor vehicles. Hyundai-Kia Motors is developing 3 types of the solar charging systems, the 1st generation silicone-type solar roof, the 2nd generation translucent solar roof, and the 3rd body-type light lid.
The 1st generation solar roof to be applied to the hybrid model is a form of installing a mass-production silicone solar battery on the general roof. The 1st generation solar roof system can charge a battery approximately 30~60% a day depending on the weather and usage environment.
The 2nd generation translucent solar roof to be applied to the motor model for the first time in the world is a form of installing a translucent solar battery on the panorama sunroof as it is developed with transparent type and open-and-close type options, unlike the 1st generation solar roof, for customers who want openness.
For example, it is a method of securing transparency through a translucent roof panel and charging an internal battery, or an additional solar battery in a motor vehicle.
Lastly, the 3rd generation body-type light solar lid which is in the process of a precedent study to be applied to the eco-friendly model is a method of composing a solar battery as an all-in-one type on the lid (bonnet) and roof steel plate of the car to maximize output.
The solar charging system consists of a solar panel, a controller, and a battery. In the solar panel, energy is generated as the sunlight is separated into an electron and a positive hole when it contacts the surface of the cell of a solar battery.
When a 100W solar panel is installed, 100W is generated per hour based on 1 Sun (noon in the summer, 1000 W/m2 deposits). In other words, it can store 100Wh energy when exposed to sunlight for 1 hour.
Hyundai-Kia Motor is currently putting spurs to the development of the 1st solar roof to apply it to ecofriendly vehicles to be released after 2019.
The researcher of the Environmental Energy Research Team that developed this technology explained that “it is expected that various energy generating technologies including the solar charging system will be connected to vehicles. Vehicles will be power stations actively generating energy, not machines that are just consuming energy passively. Now, the paradigm of car owners is switching from consumers to energy prosumers.”

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Hyundai-Kia Motors Unveiled Solar Charging System Technology

https://korean-machinery.com///inquiryHyundai-Kia Motors heralded the era of the solar charging vehicle and accordingly disclosed the solar charging system technology recently. This is their will to gain an advantage in the competition for eco-friendly vehicles by extending mileage and reducing CO2 generation by commercializing the solar charging system technology using the light of the sun.
The solar charging system is being developed to support the main power. It increases fuel efficiency by charging not only eco-friendly vehicles including electric and hybrid ,but typical motor vehicles.
Hyundai-Kia Motors is developing 3 types of the solar charging systems, the 1st generation silicone-type solar roof, the 2nd generation translucent solar roof, and the 3rd body-type light lid.
The 1st generation solar roof to be applied to the hybrid model is a form of installing a mass-production silicone solar battery on the general roof. The 1st generation solar roof system can charge a battery approximately 30~60% a day depending on the weather and usage environment.
The 2nd generation translucent solar roof to be applied to the motor model for the first time in the world is a form of installing a translucent solar battery on the panorama sunroof as it is developed with transparent type and open-and-close type options, unlike the 1st generation solar roof, for customers who want openness.
For example, it is a method of securing transparency through a translucent roof panel and charging an internal battery, or an additional solar battery in a motor vehicle.
Lastly, the 3rd generation body-type light solar lid which is in the process of a precedent study to be applied to the eco-friendly model is a method of composing a solar battery as an all-in-one type on the lid
(bonnet) and roof steel plate of the car to maximize output.
The solar charging system consists of a solar panel, a controller, and a battery. In the solar panel, energy is generated as the sunlight is separated into an electron and a positive hole when it contacts the surface of the cell of a solar battery.
When a 100W solar panel is installed, 100W is generated per hour based on 1 Sun (noon in the summer, 1000 W/m2 deposits). In other words, it can store 100Wh energy when exposed to sunlight for 1 hour.
Hyundai-Kia Motor is currently putting spurs to the development of the 1st solar roof to apply it to eco- friendly vehicles to be released after 2019.
The researcher of the Environmental Energy Research Team that developed this technology explained that “it is expected that various energy generating technologies including the solar charging system will be connected to vehicles. Vehicles will be power stations actively generating energy, not machines that are just consuming energy passively. Now, the paradigm of car owners is switching from consumers to energy prosumers.”

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Hyundai Motors Invests Strategically in ‘Migo,’ a U.S. Mobility Service Company

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Establishing a global business belt such as car sharing, car hailing, etc.

 

Hyundai Motor carried out a strategic investment for mutual cooperation with Migo, a mobility-as-a-service company of the United States, and has set the stage for entering the local sharing economy market.
Migo was established in 2016 in Seattle, USA, and unveiled a new concept service of the multiple mobility integration from last year.
The multiple mobility integration means a service connecting optimal car sharing to customers through the smartphone application. In this process, Migo makes a profit by receiving commissions from the sharing company to which it has connected users.
If users enter the destination that they want to go, the Migo application provides diverse information that the users can see at a glance, such as the price of the service, the time required, etc., of various sharing companies. The application helps the users compare and select the company that is most economical and suitable for them.
Related to this, the Migo application provides comparative information on the car hailing companies such as Uber, Lyft, Mytaxi, etc. and bike-sharing companies like LimeBike and Spin, as well as the U.S. car sharing companies including Car2Go, Zipcar, etc. It also supports information on public transit such as buses, subway, etc.
Since launching in Seattle and Portland, Migo has now expanded its service offerings to 75 major cities in the USA, including New York, Los Angeles, Washington and Chicago.
Hyundai Motors plans to acquire know-how on the overall mobility business of the United States with its strategic investment in Migo as a momentum and acquire the competence and technology to lead the future mobility market.
In particular, as the investment in Migo was arranged at a comparatively early stage and Hyundai Motors is the only car manufacturer among the investors, it is expected that the synergy effect following the cooperation between the two companies will be considerable.
Meanwhile, through the partnership with Migo this time, Hyundai Motors has come to build a ‘Mobility Business Belt’ connecting the USA, Europe and the Asia-Pacific region.
Regarding the European region, Hyundai Motors is conducting a car-sharing business, jointly with Ionic EV in Amsterdam, the Netherlands. As for the Asia-Pacific region, Hyundai Motors has made a preemptive investment in Revv which is an Indian car-sharing firm, Mesh Korea which is a last mile delivery service specialist in Korea, Grab which is Southeast Asia’s largest car-hailing company, Immotor, which is a Chinese battery sharing company for last-mile transport means, and Car Next Door which is an Australian peer-to-peer car-sharing firm.

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The World’s First Byproduct Hydrogen-fueled Power Plant

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South Korea’s Doosan Corp. and Hanwha Energy Corp. will create the world’s first power generator of 50 megawatt fueled by byproduct hydrogen as energy source in Seosan, South Chungcheong Province, in joint venture, as the country seeks energy sources beyond the traditional nuclear and fossil fuels.

 

The 469 billion won ($415.7 million) project recently announced by the two companies will involve building a 50-megawatt byproduct hydrogen fuel cell power plant on a facility site managed by Hanwha Total Petrochemical Co. at Daesan Industrial Complex in Seosan, South Chungcheong Province, by 2020. The two companies will set up a special purpose company called Daesan Green Energy for the project with investment also from Korea East-West Power Corporation and SK Securities Co.
The power plant will be the world’s first of its kind using byproduct hydrogen as fuel, the companies accounced. Byproduct hydrogen fuel cell uses hydrogen created as byproduct in various chemical processes as energy source. Doosan will supply 114 fuel cell units and be responsible for long-term service once the plant is completed. Doosan developed byproduct hydrogen fuel cell units based on home-grown technology last year with plans to supply them to hydrogen power plants starting in the fourth quarter of this year.
Once completed in June 2020, the fuel cell power plant will be capable of producing 400,000 megawatthour electricity annually, which is enough to supply power to about 170,000 households in the Seosan area.
A spokesperson for Doosan said that the latest project is significant in that it is its largest in terms of power capacity since it advanced into fuel cell business. He added that it would also be an opportunity for Korea to gain a technological competitive edge over others and take the lead in the global byproduct hydrogen fuel cell market that is still in its early development stage.
Meanwhile, a spokesperson for Hanwha Energy, which will own a 49 percent share in Daesan Green Energy, also said that the construction of the latest hydrogen fuel cell power plant will allow it to contribute to expanding Korea’s renewable energy industry and boost the regional economy. It will also strive to launch other renewable energy projects based on its accumulated experience. (Source: KITA)

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Korea’s Consumer Sentiment Chills by Fastest Pace since Impeachment

https://korean-machinery.com///inquiryAccording to data recently released by the Bank of Korea, South Korea’s composite consumer sentiment index (CCSI) for June deteriorated 2.4 percentage points from the May reading to 105.5, lowest since 100.8 in April last year.
The last time consumer sentiment soured so abruptly was in November 2016 following the legislative impeachment on sitting Korean president Park Geun-hye.
The index just managed to stay above the 100-threshold. A number beneath it means consumers are more negative than positive about the economy. After deteriorating for five months in a row, sentiment briefly improved last month amid expectations for eased geopolitical risk and revived inter-Korean economic ventures following the South-North Korea summit.
The indices measuring present sentiment for the economic conditions and outlook for the economy in coming months fell 5 basis points respectively to 84 and 96.
The worsening sentiment, which can further dampspending and domestic demand, and job data, as well as uneasiness on the external front due to escalated trade conflicts among economy majors of the U.S., China, and Europe, will likely to put the Bank of Korea in a greater bind. The bank has stayed pat on its rate at 1.50 percent despite increases in the U.S. Federal Reserve but cannot put off tightening any longer due to widening gap. The survey for this month was conducted from June 11 to June 18 on 2,200 households across the country, of which 1,958 households responded. (Source:KITA)

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Hankook Tire to Take Over ‘Modle Solution’ for KRW68.6 billion

https://korean-machinery.com///inquiryHankook Tire recently announced that they will acquire 75% stakes of ‘Model Solution Ltd.’, an advanced digital prototype solution company, for KRW68.6 billion.
Hankook Tire will incorporate Model Solution into its affiliate by acquiring 75% total of its shares including a 51% stake on ‘Laird,’ a UK electronics company, and a 24% stake on Crescendo Equity Partners, a global private equity firm.
Model Solution, established in 1993, is a company that designs and manufacturers prototypes and molds of new products grafted to cutting-edge technological prowess such as electronic products and medical devices including the state-of the-art IT equipment and, beginning with the prototype solution service in 2007, now has about 420 global clients.
In particular, Model Solutions has cutting-edge technological prowess that can provide services ranging from design to prototype manufacturing, including the best design and execution power in the industry. Based on various attempts at high-tech technology such as 3D printing, the company is also leading the technological expertise of the prototype industry.
This time, the acquisition was carried over as part of strengthening investments in future promising technologies and securing next-generation growth engines through the M&A of the company with state-ofthe- art technology based on connectivity with high technology that Hankook Tire is aiming for.

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Kumho Tire to Supply Tires to Volkswagen Atlas

https://korean-machinery.com///inquiryKumho Tire Co., Ltd. recently announced that it will supply OE (tires for new cars) for the 2018 new models of Atlas, Volkswagen’s large SUV.
The Volkswagen Group, ranked as the first place in global sales of complete vehicles in 2017, is a global leading automaker having famous brands of Volkswagen, Audi, Lamborghini and Porsche.
Atlas is the first full-size seven-seater SUV developed by Volkswagen to target the North American market, where big SUVs such as family vans and pickup trucks are popular, and it has the largest body among Volkswagen SUVs ever produced.
In addition, equipped with VR6 3.6L gasoline engine, Atlas boasts of a maximum output of 280 horsepower and has received the Five-star Safety Rating in the highest safety test conducted by the United States National Highway Traffic Safety Administration (NHTSA).
The 2018 Atlas will be equipped with Crugen Premium KL33, Kumho’s best-selling tire exclusively for SUV.
The Crugen series of Kumho Tire was developed in line with the emergence of urban SUVs. Perfectly equipped with such functions as handling, braking, stability in high-speed driving, etc. on the road to realize sports performance optimized for the high performance SUV, Crugen series is well known in the overseas market as well as in South Korea as the tire exclusively for SUV.
In particular, Crugen Premium, the standard of SUV tires, is the product that enables the drivers to feel quietness and a comfortable ride in a luxury sedan, even in SUVs. The upgraded silica compound material has improved fuel efficiency and the optimized platform has been applied to ensure the quality and quietness of the ride.


Such functions as the tread pattern, designed to improve driving stability and reduce abrasion, inner block semi-knurling (punching block surfaces to prevent slipping), 3D block, and four wide drainage grooves make stable driving possible even in the rain.
The Volkswagen Atlas that has been manufactured at the Chattanooga plant in Tennessee, USA since November 2016 is sold to Latin America, the Middle East and Russia, including North America. Tires for Atlas are produced in Kumho’s Gwangju Plant.
Mr. Jo Man-sik, senior vice president in charge of product development 1 of Kumho Tire Co., Ltd. said, “As the OE supply to 2018 Atlas this time means that Kumho’s products are supplied in large quantities as the main specifications, we can say that the product quality and our technological prowess have been recognized. Kumho Tires will strive to develop and supply tires exclusively for SUV so that we can satisfy both customers and drivers in response to the rapidly increasing demand for SUVs.”

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Overall Growth of Five Korean Automakers in Domestic and Overseas Auto Markets

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During the month of March 2018, five Korean automakers sold a total of 719,003 units in domestic and overseas markets, which was up 0.7% from the previous year, and up 25.8% from the previous month.

 

According to sales figures of five Korean automakers on March 2, domestic sales in March 2018 decreased by 4.4% from March last year to 139,932 due to the massive crisis of GM Korea, which is about to close its Gunsan factory, and Renault Samsung Motors currently experiencing a slump in sales. On the other hand, Ssangyong Motor and Kia Motors maintained a similar level of sales as in the previous year. Hyundai Motor has grown significantly in size with the blessing of the good sales of its new models.
Hyundai Motor grew 6.0% year-on-year with sales of 67,577 vehicles in March alone in the domestic market. Sales of the newly released Santa Fe model recorded a 13,05% increase from last year to 13,076 units and became the best seller of the year. The company explained that the number of Santa Fe’s stacked contracts surpassed 32,000 units, with as many as 13,000 units standing by. Grandeur also sold over 10,000 units, a decrease of 20.7% compared with the previous year, but 16,928 cars were delivered to consumers. It was followed by Avante with 5,928, down 15.3 % from March last year, and Sonata with 5,685, down 25,0 %. In the same period, Tucson recorded a decrease of 6.9% to 3,390 units, while Kona sold 4,098 units. Starex and Porter achieved sales of 4,540 and 8,881 units respectively.
The Genesis brand was up 7.4% year-on-year to 5,843. The G80 decreased by 10.6% to 3,618 units, while the EQ900 fell 28.8% to 992 units. The G70 sold 1,233 units leading the sales momentum.
Kia Motors sold 48,540 units, up 1.9% from March 2017. The new K3, which was introduced at the end of last February, as well as Ray, and the partially remodeled K5 changes led to the growth. K7 and Sorento have enjoyed steady popularity as well. In particular, the K3 sold 5,085 units, up 95.4% from the previous year, while the remodeled K5 sold 5,043 units, up 37.3%. In the same period, Ray increased 41.0% to 2,713, while Sorento increased 10.1% to 6,965. In addition, K7 decreased by 39.2% to 3,309, and Carnival fell by 12.4% to 5,708. Stonic, a small SUV, sold 1,625 units, Niro with 1,982 and Sportage with 3,147.
Ssangyong Motor posted sales of 9,243 units in the Korean market in March, up 0.2% from the previous year. Since its release, Rexton Sports has recorded cumulative contracts of more than 20,000 units, selling 3,007 units, and has achieved record monthly sales since 2004 (3,180 units for Musso Sports in April). As a result, the company plans to increase its production volume by changing the work patterns such as consecutive double shifts on three assembly lines that will produce Rexton Sports starting from this month. Tivoli sold 4,121 units, down 24.0% from a year earlier, while G4 Rexton sold 1,541 units, up 410.3% along with 288 Korando Cs and 286 Korando Turismos.
Renault Samsung sold 7,800 units, down 25.8 % year on year. SM6 dropped to 2,767 units, 42.9% from the previous year, and QM6 dropped 6.9% to 2,254 units. QM3 fell by 70.5% to 480 units, SM7 dropped by 20.5% to 465 units, while SM3 decreased by 25.2% to 397 units. However, SM5 grew 114.9% over the same period and delivered 950 units to consumers. SM3 Z.E., an electric model released from this year, sold 88 units while Twizy sold 399 units
GM Korea sold 6,272 units in the domestic market in March, plunging 57.6% from a year earlier but up 8.1% from February, when the shock hit Gunsan City in North Jeolla Province, Korea. This improvement was presumed to be the result of properly targeting consumers who hesitate to buy through the Chevy Promise program, which extends the warranty period to guarantee the used car values. Spark jumped 5.0% MoM to 2,518 units, and Cruise rose by 141.9% to 566 units. Captive delivered 138 units to customers, up 56.8% from February, while Orlando increased 20.0% to 438. However, Malibu dropped 21.7% to 909 units and Trax dropped 4.3% to 707 units. Damas and Labo sold only 285 and 351 units respectively. With more than 5,000 units pre-contracted, Bolt EVs started a full-scale delivery with the sales of 160 units in March.
Meanwhile, exports of five Korean auto makers in March 2018 totaled 579,571, an increase of 2.0% from March last year, showing growth of 24.4% from the previous month. Hyundai Motor’s exports grew by 0.8 % to 329,464 units, while Kia Motors exported 193,734 units, up 3.7 %. Renault Samsung posted a 30.4 % increase to 19,259 units. In the same period, GM Korea dropped 3.0% to 34,988, while Ssangyong Motor dropped 43.5% to 2,126.

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