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Detroit and Korea's $28 Billion Battery Bets Risk Going Sideways

Detroit and Korea's $28 Billion Battery Bets Risk Going Sideways
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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[ANALYSIS] New order prevails in global battery industry

After painful exits and bankruptcies, the global memory chip market has consolidated with three rational players - Korea s Samsung Electronics and SK hynix and the U.S. Micron Technology. These structural market changes are truly responsible for the memory chip segment s bullish performance over the last few years. ....

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Kumho Petrochemical chairman's son promoted to president

Park Jun-kyung, the eldest son of Kumho Petrochemical Chairman Park Chan-koo, was promoted to president from senior executive vice president, as part of the company s management succession to the third generation of its owner family, according to the synthetic rubber maker, Friday. With the promotion, the younger Park became president a year and a half after being promoted to senior executive vice president. He is a grandson of the petrochemical company s founder Park In-chon. ....

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More than 69k Chevrolet Bolt electric vehicles reported to have fire risks


More than 69k Chevrolet Bolt electric vehicles reported to have fire risks
Last week General Motors and National Highway Traffic Safety Administration (NHTSA) regulators urged electric vehicle owners to park their cars far from their homes. On Friday GM issues a recall for nearly 69,000 Chevrolet Bolt electric vehicles, reported having fire risks. The recall comes after there were two fire reports.
Image credits- InsideEVs
This is the second time General Motors is issuing a recall for the EV Bolts. The fix had been applied and yet they are calling for another fix. They announced last week, asking Chevrolet Bolt owners to no leave the car unattended while charging and asked them to not charge their cars at home. It is a difficult situation for car owners to stay up all night and not charging their cars from home. This second fix is expected to be able to fix the issue. GM says that they will replace battery modules after a potential dealer inspection. Replacement for on ....

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