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Hanwha Ocean Partners with 3 Canadian Tech Firms for Submarine Cooperation

Hanwha Ocean Partners with 3 Canadian Tech Firms for Submarine Cooperation
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[ANALYSIS] Biden subsidies, double-edged sword for Korean firms

The Biden administration s implementation of the CHIPS and Science Act (CHIPS Act) and Inflation Reduction Act (IRA) clearly represents Washington s strategy of pursuing a “manufacturing renaissance” in the world s largest economy.

Battery materials makers seek to continue solid growth in 2023

Korea s leading battery material producers are ramping up efforts to overcome their disappointing earnings during the fourth quarter of last year, so that they can continue their solid growth this year, capitalizing on the growth of the global electric vehicle (EV) market, according to industry officials, Tuesday.

SK On likely to benefit from Virginia s refusal to accommodate CATL

The U.S. state of Virginia cleared a path for Korean electric vehicle (EV) battery manufacturers to expand their presence in the North American market, by refusing Ford Motor s plan to collaborate with China s CATL to build an EV battery plant in the southeastern state, according to industry officials, Wednesday. SK On is particularly seen as the main beneficiary of Virginia Governor Glenn Youngkin s negative stance on the Chinese firm, given that the Korean company has already cooperated with Ford to supply its batteries to the U.S. automaker.

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