News Alert’s Post

Hexing Electrical Group, a Chinese investment firm, has shown interest in setting up Pakistan's first inverter and battery manufacturing facility. This proposed investment aims to strengthen Pakistan's growing electronics sector, fostering technological innovation and creating employment opportunities. Chairman Liangzhang Zhou held discussions with Federal Minister Abdul Aleem Khan about the investment plan, emphasizing Hexing Group's global reach and their plans to establish a factory in Pakistan. Minister Khan welcomed the proposal, highlighting Pakistan's commitment to providing a favorable environment for foreign investors. The investment is anticipated to offer several advantages, including job creation, increased exports, and economic revitalization. Minister Khan promised full support from relevant ministries and stakeholders to facilitate the establishment of new factories and the relocation of industries from China to Pakistan. #EconomicGrowth #ForeignInvestment #PakistanProgress

Hexing Electrical Group, a Chinese investment group, has expressed an interest in starting Pakistan's first inverter and battery manufacturing industry. The proposed investment intends to promote Pakistan's emerging electronics sector, thereby accelerating technological developments and employment creation. Chairman Liangzhang Zhou met with Federal Minister Abdul Aleem Khan to discuss the investment plan, stressing Hexing Group's global reach and plans to establish a factory in Pakistan. Minister Khan hailed the proposal, reiterating Pakistan's willingness to provide a suitable environment for foreign businesses. The investment is expected to provide various benefits, including job creation, increased exports, and economic stimulation. Minister Khan pledged full cooperation from relevant ministries and stakeholders to facilitate the creation of new factories and the transfer of industries from China to Pakistan. #EconomicGrowth #ForeignInvestment #PakistanProgress #247newsupdate

#BATTERY #MATERIAL #INVESTMENTS IN #MOROCCO. 1) China’s #BTR, a leading global #anode #material company and a subsidiary of China #Baoan Group, recently announced plans to invest $500 million in #Morocco to construct an #anode #production #plant. #BTR, with Tesla as one of its major clients, held a 26% market share in #anode #materials in 2022, maintaining its top position since 2013. 2) TINCI MATERIALS, a Chinese material company, invested $260 million (about 360 billion won) in June 2023 for #battery #material #production in #Morocco. 3) GOTION HIGH-TECH , one of China’s top four #battery companies and majorly owned by Germany’s Volkswagen, is considering investments of up to $6.3 billion (about 8 trillion won). 4) In South Korea, LG Chem is collaborating with China’s #Huayou Group to establish a joint venture plant in #Morocco for #LFP (lithium iron phosphate) #cathode #materials with an annual capacity of 50,000 tons with a goal of mass production by 2026. “#Morocco is an FTA partner and rich in #phosphate, making it optimal for producing #LFP series,” said Shin Hak-cheol, Vice Chairman of LG Chem, at a New Year’s greeting speech for the petrochemical industry on Jan. In photo, executive officials from LG Chem and China's #Huayou Group pose after signing a Memorandum of Understanding (MOU) in September 2023 for the establishment of a joint #LFP #cathode material #plant in #Morocco. 10.https://https://lnkd.in/drBeuZ4S

Korea to Invest Over $350 mn in iLED Technology According to Pulse by Maeil Business News Korea, The South Korean government will invest 484 billion won ($353.7 million) over an eight-year period to develop inorganic light-emitting diode technology and establish an ecosystem. The Ministry of Trade, Industry and Energy announced on Thursday that a project to develop and promote inorganic LED technology and its ecosystem passed the national research and development project evaluation committee’s preliminary feasibility study. Inorganic LEDs are self-emitting displays that use inorganic materials, such as LEDs, as the light source. They are emerging as the next-generation display after organic light-emitting diodes (OLEDs) thanks to their superiority in both brightness and power consumption. Copyrights Pulse by Maeil Business News Korea. All Rights Reserved. Find out more information about Korea : www.investkorea.org #KOTRA #InvestKorea #Economy_News

In January 2024, more than 30 battery projects were signed or put into production in China. From a geographical perspective, Jiangsu continues its strong trend and ranks first in the investment amount rankings, which is more than the second to fourth combined. It has invested in as many as 9 projects. Guangxi, in second place, benefited from the implementation of a large project; Yunnan, in third place, has performed well in investment in lithium battery materials; Anhui, in fourth place, was 12.5 billion yuan; Hubei, in fifth place, was 9.33 billion yuan; sixth place Sichuan is 8 billion yuan; seventh is Zhejiang with 6.43 billion yuan; eighth is Guizhou with 5.664 billion yuan; ninth is Jiangxi with 4 billion yuan; 10th is Shandong with 2.37 billion yuan; 11th is Guangdong with 1.2 billion yuan; 12th is Tianjin is 1.114 billion yuan; Xinjiang, the 13th place, is 90 million yuan. WBE 2024 visitor registration is open, Pre-registration is free: https://lnkd.in/ehqGKrub #WBE2024 #Battery #EV #Energystorage

India and the United States want to strengthen their trade relations and their technological and industrial cooperation, according to a White House statement. This was agreed at a meeting between the security advisors of both countries, Jake Sullivan and Ajit Doval, in New Delhi. Existing cooperation in strategic sectors such as #space, #semiconductors, artificial intelligence, and clean energy will be continued, with plans including corporate partnerships and government funding for research. In the raw materials sector, joint investments in a lithium project in South America and a rare earth deposit in Africa are planned, as well as an imminent bilateral agreement on critical minerals such as graphite, #gallium, and #germanium. #rawmaterials

FLASH: China #LFP production down 10% in Feb China's #LFP #production stood at 112,900 tonnes in #February, a monthly fall of 10.18% as the producers reduced the production extensively.   The production is estimated to rebound 38.71% month on month at 156,600 tonnes in March, as the downstream demand is expected to pivot. But the orderbook of producers still differs. https://lnkd.in/gu6_3xH4 #lithium #cobalt #nickel #batteryrecycling #lithiumion #powerbattery #NEV #newenergyvehicles #lithiumionbatteries #lithium #newenergy

GCL to build the largest polysilicon plant outside of China ON JUNE 3, 2024 BY ALANPATRICKRYAN GCL Technology will build the largest polysilicon production facility outside China in the Middle East, through a joint collaboration with Mubadala Investment Company which is a the UAE’s sovereign investment company. According to GCL: “This strategic move aims to localize an integrated silicon ecosystem in the UAE, with potential to impact the global polysilicon industry and contribute to Abu Dhabi’s economic diversification and job creation” In 2022 Emirates Global Aluminium said it would build a solar-power silicon metal smelter; the UAE has a domestic demand for around 60,000 mtpy most of which comes from China.

🔬🌏 Exploring the Asia Pacific #Fluoropolymer Market! 🌏🔬 The Asia Pacific region is witnessing significant growth in the fluoropolymer market, driven by rising demand in industries such as automotive, electronics, and construction. Known for their exceptional properties like high chemical resistance and thermal stability, fluoropolymers are critical in numerous high-performance applications. Read More Info:https://bit.ly/4624E7l Let's dive into the trends, innovations, and market dynamics propelling the growth of fluoropolymers in the Asia Pacific. How are advancements in manufacturing techniques and new applications shaping this market? #AsiaPacific #FluoropolymerMarket #HighPerformanceMaterials #Automotive #Electronics #Construction #MarketTrends #Innovation #LinkedInPost

The World Trade Organisation has called for more transparency in China’s industrial subsidy programme, particularly with respect to #steel, semiconductors and electric vehicles in its latest WTO review. These export industries in China have been able ‘to benefit from a range of competitive advantages, from low energy prices to cheap loans and land’ reports The Times, (see article in Friday July 19th edition, by Richard Spencer, pg 35). The UK Government could help #ukmanufacturing, and economic growth, by ensuring greater parity in energy pricing to support #competitveness, given that industry in the UK has already supported investment in renewable and more sustainable energy generation through contracts for difference. #metals #steel #copper #zinc #aluminium #castiron.