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		<title>Renault Samsung Motors &#8211; Official POSCO Group Newsroom</title>
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            <title>Renault Samsung Motors &#8211; Official POSCO Group Newsroom</title>
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				<title>5 Reasons Why AHSS Tops the Market for Lightweight Auto Materials</title>
				<link>https://newsroom.posco.com/en/5-reasons-ahss-tops-market-lightweight-auto-materials/</link>
				<pubDate>Wed, 27 Sep 2017 10:36:16 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
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									<description><![CDATA[World Auto Steel (WAS) kicked off its #Steelyourworld campaign to highlight the benefits of advanced high-strength steel (AHSS) as an automotive material. The]]></description>
																<content:encoded><![CDATA[<p><a href="http://www.worldautosteel.org/" target="_blank" rel="noopener"><span style="font-weight: 400;">World Auto Steel</span></a><span style="font-weight: 400;"> (WAS) kicked off its </span><a href="http://www.worldautosteel.org/worldautosteel-kicks-off-steelyourworld-campaign/" target="_blank" rel="noopener"><span style="font-weight: 400;">#Steelyourworld</span></a><span style="font-weight: 400;"> campaign to highlight the benefits of advanced high-strength steel (AHSS) as an automotive material. The first of the 4-part campaign is called </span><a href="http://www.worldautosteel.org/steelyourworld/steelyourweight/" target="_blank" rel="noopener"><span style="font-weight: 400;">#steelyourweight</span></a><span style="font-weight: 400;">, and covers one of the best features of AHSS &#8211; its light weight.  </span></p>
<p><iframe width="500" height="281" src="https://www.youtube.com/embed/679pOG39frk?start=1&#038;feature=oembed" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">Contrary to popular belief, mass reduction does not automatically equal fuel savings, especially when it comes to urban driving. There are other factors that determine the fuel efficiency of a vehicle such as driving cycle, vehicle size and its powertrain. Until recently, there was a  lack of variety in engine types and powertrains, so even though automakers reduced the weight of car frames, they could not apply a complementary engine or powertrain to the lighter parts. </span></p>
<p><span style="font-weight: 400;">So, have automakers been lightweighting for nothing?</span></p>
<p><span style="font-weight: 400;">Of course not, in the past decade alone, engines and powertrains have also become extremely efficient through advancements in start-stop-systems and downsizing, and newer options including hybrids, electric batteries and range extenders that now allow automakers to capitalize on their lightweight materials.</span></p>
<p><span style="font-weight: 400;">Although there are several lightweight materials, below are 5 reasons why AHSS continues to be the lightweight material of choice for automakers: </span></p>
<h2><b>1. Decision Makers Care About the Environment</b></h2>
<p><span style="font-weight: 400;">Well, not everyone, but many </span><a href="http://money.cnn.com/2017/09/11/autos/countries-banning-diesel-gas-cars/index.html" target="_blank" rel="noopener"><span style="font-weight: 400;">countries around the world</span></a><span style="font-weight: 400;"> have started the process to phase out gasoline and diesel-fueled cars, including India and China, the two largest automotive markets in the world. Governments are taking serious action against climate change and it will reflect in their policies. Automakers are choosing to lightweight their vehicles for </span><a href="https://newsroom.posco.com/en/automakers-look-to-steel-for-lower-co2-emissions/" target="_blank" rel="noopener"><span style="font-weight: 400;">lower emission rates</span></a><span style="font-weight: 400;"> with AHSS, because not only is AHSS lightweight, there are no trade-offs with other vital features such as safety and cost-effectiveness. </span></p>
<h2><b>2. Everyone’s Going Electric</b></h2>
<p><span style="font-weight: 400;">Globally, automakers are investing in electric vehicles (EVs) in line with national and international environmental policies. However, EVs still have a ways to go before they become the norm. EVs will face the same safety requirements as regular cars, but with the </span><a href="https://www.automotiveworld.com/analysis/automation-electrification-and-regulation-boost-demand-for-ahss/" target="_blank" rel="noopener"><span style="font-weight: 400;">added responsibility of protecting the battery</span></a><span style="font-weight: 400;"> and its flammable components during a crash.</span></p>
<p><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery.jpg" target="_blank" rel="noopener"><img class="aligncenter wp-image-12907" src="https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery-1024x724.jpg" alt="The 2017 BMW i3 Electric Battery" width="960" height="679" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery-1024x724.jpg 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery-800x566.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery-768x543.jpg 768w" sizes="(max-width: 960px) 100vw, 960px" /></a></p>
<p><span style="font-weight: 400;">In 2016 there were several car accidents involving the Tesla Model S, where leaked battery fluids caused fires. Automakers need to find a solution to make EVs as safe, and eventually, safer than traditional cars. As an innovative automotive material, </span><a href="https://newsroom.posco.com/en/posco-giga-steel-increases-strength-improves-safety-autos/" target="_blank" rel="noopener"><span style="font-weight: 400;">AHSS was built for safety</span></a><span style="font-weight: 400;">.</span></p>
<h2><b>3. Safety is Always First </b></h2>
<p><span style="font-weight: 400;">Safety is and should always be the number one priority for automakers, material providers and policymakers alike. Even with all the hype about autonomous driving and sensors, there is very little chance that policymakers will reverse the stringent safety regulations in place today. People want to feel safe, no matter what type of car they are getting into.  </span></p>
<div id="attachment_12906" style="width: 970px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test.jpg" target="_blank" rel="noopener"><img class="wp-image-12906" src="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test-1024x616.jpg" alt="2016 Smart Fortwo and the Mercedes S Class clash head-on during a crash test." width="960" height="578" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test-1024x616.jpg 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test-800x481.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test-768x462.jpg 768w" sizes="(max-width: 960px) 100vw, 960px" /></a><p class="wp-caption-text">2016 Smart Fortwo and the Mercedes S Class take part in a crash test (Source: <a href="http://www.greencarreports.com/news/1093399_2016-smart-fortwo-faces-mercedes-s-class-in-crash-test-video" target="_blank" rel="noopener">Green Car Reports</a>)</p></div>
<p><span style="font-weight: 400;">One possible material solution is </span><a href="https://newsroom.posco.com/en/posco-giga-steel-opens-door-future-auto-industry/" target="_blank" rel="noopener"><span style="font-weight: 400;">Complex Phase (CP) steel</span></a><span style="font-weight: 400;">, a type of POSCO GIGA STEEL for the vehicle’s side panels, bumper rails and door impact bars- the parts that determine the safety ratings of the vehicle. It has superior strength and shock-absorbing qualities, without the added weight of traditional high-strength materials, and that’s why carmakers such as </span><a href="https://newsroom.posco.com/en/gm-korea-posco-partnership-innovation/" target="_blank" rel="noopener"><span style="font-weight: 400;">GM Korea</span></a><span style="font-weight: 400;">, </span><a href="https://newsroom.posco.com/en/ask-expert-posco-giga-steel-frames-g4-rexton/" target="_blank" rel="noopener"><span style="font-weight: 400;">Ssangyong Motors</span></a><span style="font-weight: 400;"> and </span><a href="https://newsroom.posco.com/en/posco-giga-steel-goes-beyond-limits-traditional-lightweight-materials/" target="_blank" rel="noopener"><span style="font-weight: 400;">Renault Samsung Motors</span></a><span style="font-weight: 400;"> all use POSCO GIGA STEEL.</span></p>
<h2><b>4. Cost is Always Second</b></h2>
<p><span style="font-weight: 400;">This goes for automakers as well as drivers on the consuming end. Drivers want lower costs without compromising safety and performance ratings, and desire fuel efficiency- a major reason why automakers are lightweighting. </span></p>
<p><span style="font-weight: 400;">Some automakers choose alternative materials such as aluminum and carbon fiber to meet lightweight requirements to find that not only are the materials more costly over steel, factories need an equipment overhaul to work with them. Moreover, there are additional costs related to training employees to work with new materials, whereas all auto manufacturers are familiar with welding and forming steel.  </span></p>
<p><span style="font-weight: 400;">Take a look at this </span><a href="https://newsroom.posco.com/en/infographic-driving-future-posco-giga-steel/" target="_blank" rel="noopener"><span style="font-weight: 400;">infographic</span></a><span style="font-weight: 400;"> and see how AHSS stacks up against other lightweight materials in terms of cost and performance.  </span></p>
<h2><b>5. It’s Not Over Till It’s Over</b></h2>
<p><span style="font-weight: 400;">No two lightweight materials are the same when observed under the </span><a href="https://newsroom.posco.com/en/taking-life-cycle-approach-automotive-environmental-policy/" target="_blank" rel="noopener"><span style="font-weight: 400;">life-cycle approach</span></a><span style="font-weight: 400;">, a comprehensive life cycle assessment of a material’s automotive carbon emissions from production to disposal. Often times, the process of manufacturing lightweight materials and improved powertrains result in more carbon emissions than they are saving.</span></p>
<div id="attachment_12908" style="width: 970px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment.png" target="_blank" rel="noopener"><img class="wp-image-12908" src="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment-1024x728.png" alt="The life cycle assessment can be used to determine the carbon output of a vehicle." width="960" height="683" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment-1024x728.png 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment-800x569.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment-768x546.png 768w" sizes="(max-width: 960px) 100vw, 960px" /></a><p class="wp-caption-text">The life cycle assessment can be used to determine the carbon output of a vehicle. (Source: <a href="http://www.worldautosteel.org/life-cycle-thinking/" target="_blank" rel="noopener">World Auto Steel</a>)</p></div>
<p><span style="font-weight: 400;">At the end of the day, steel has the lowest production-related emissions and can be recycled at the end of its lifecycle. Steel remains the most recycled material because it can be reapplied in different forms almost infinitely. </span></p>
<p><span style="font-weight: 400;">Automakers are increasingly incorporating lightweight materials to their new models. Although competition for the greatest market share of lightweight materials is fierce, AHSS is by far the leading material when it comes to lightweight solutions. According to </span><a href="http://www.mckinsey.com/" target="_blank" rel="noopener"><span style="font-weight: 400;">McKinsey &amp; Company&#8217;s</span></a> <i><span style="font-weight: 400;">Lightweight, Heavy Impact</span></i><span style="font-weight: 400;"> report, the percentage of high-strength materials used for cars will increase to 38 percent by 2030, compared to 15 percent in 2010. Steel continues to evolve according to the changing demands of the auto market, and for now, there is no other multi-solution material that can compete. </span></p>
<p><span style="font-weight: 400;">Cover photo courtesy of </span><a href="http://www.wallanhyundai.com/WW/WW/Showroom/Cars/Azera/safety/" target="_blank" rel="noopener"><span style="font-weight: 400;">Hyundai</span></a><span style="font-weight: 400;">.</span></p>
<p>&nbsp;</p>
<p><strong><a href="https://newsroom.posco.com/en/subscribe/" target="_blank" rel="noopener"><b>Don</b><b><span lang="EN-US">’</span></b><b>t miss any of the exciting stories from The Steel Wire </b><b><span lang="EN-US">–</span></b><b> subscribe via email today</b></a>.</strong></p>
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				<title>POSCO Hosts 2015 Automobile Solution Seminar</title>
				<link>https://newsroom.posco.com/en/posco-hosts-2015-automobile-solution-seminar/</link>
				<pubDate>Fri, 11 Dec 2015 10:22:50 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Press Release]]></category>
		<category><![CDATA[AHSS]]></category>
		<category><![CDATA[Automobile Solution Seminar]]></category>
		<category><![CDATA[design]]></category>
		<category><![CDATA[Incheon]]></category>
		<category><![CDATA[POSCO]]></category>
		<category><![CDATA[Renault Samsung Motors]]></category>
		<category><![CDATA[Songdo]]></category>
		<category><![CDATA[trends]]></category>
		<category><![CDATA[World Auto Steel]]></category>
		<category><![CDATA[World Steel Association]]></category>
									<description><![CDATA[POSCO held the 2015 POSCO Automobile Solution Seminar December 10 at the Global R&#38;D Center in Songdo, Incheon. Over 250 parties from automotive parts]]></description>
																<content:encoded><![CDATA[<p>POSCO held the 2015 POSCO Automobile Solution Seminar December 10 at the Global R&amp;D Center in Songdo, Incheon. Over 250 parties from automotive parts makers, universities, R&amp;D institutions and finished carmakers including GM Korea, Ssangyong Motors and Renault Samsung Motors attended the seminar.</p>
<p>POSCO Automobile Solution Seminar has been held every year since 2005 as a channel to introduce results and used technologies of R&amp;D projects conducted by POSCO and World Auto Steel, the automotive group of the World Steel Association.</p>
<p>POSCO changed the name of the seminar to the “POSCO Automobile Solution Seminar” this year, along with expanded the scales and focused on promoting POSCO’s latest technologies for automobile solutions.</p>
<div id="attachment_7627" style="width: 680px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en//wp-content/uploads/2015/12/11.jpg"><img class="wp-image-7627 size-full" src="https://newsroom.posco.com/en//wp-content/uploads/2015/12/11.jpg" alt="1" width="670" height="446" /></a><p class="wp-caption-text">POSCO hosts the 2015 POSCO Automobile Solution Seminar, December 10 at the Global R&amp;D Center in Songdo, Incheon</p></div>
<p>During the seminar, POSCO presented its R&amp;D results for 2015, including the development progress of automotive steel such as advanced high strength sheet steel (AHSS) and the technological trends for lightweight car body. They also promoted the importance of joint growth and cooperation with customers, R&amp;D institutions and universities, introducing POSCO’s solution marketing.</p>
<p>On special display were two torn down vehicles, showing the detailed analysis of interior components and attracting the audience’s attention. The audience took a look into the two torn down models, a small Peugeot SUV and a Dodge pickup truck, to understand the latest design trends and materials for vehicles.</p>
<div id="attachment_7626" style="width: 680px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en//wp-content/uploads/2015/12/21.jpg"><img class="wp-image-7626 size-full" src="https://newsroom.posco.com/en//wp-content/uploads/2015/12/21.jpg" alt="2" width="670" height="433" /></a><p class="wp-caption-text">Two torn down vehicles were displayed for detailed analysis of interior components and materials of the vehicles</p></div>
<p>Representatives said, “The seminar was very useful to learn in-depth technical knowledge of high strength sheet steel solutions. It will be a big help in automobile design and components processing in the future.”</p>
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				<title>POSCO and Renault Samsung Motors Sign MoU on Strategic Cooperation</title>
				<link>https://newsroom.posco.com/en/posco-and-renault-samsung-motors-sign-mou-on-strategic-cooperation/</link>
				<pubDate>Tue, 13 Oct 2015 17:13:01 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Press Release]]></category>
		<category><![CDATA[cars]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[POSCO]]></category>
		<category><![CDATA[Renault Samsung Motors]]></category>
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		<category><![CDATA[South Korea]]></category>
		<category><![CDATA[Steel Business Division]]></category>
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		<category><![CDATA[technology]]></category>
									<description><![CDATA[POSCO signed a memorandum of understanding (MoU) on strategic cooperation with Renault Samsung Motors on October 8, 2015. With the agreement, POSCO is to]]></description>
																<content:encoded><![CDATA[<p>POSCO signed a memorandum of understanding (MoU) on strategic cooperation with Renault Samsung Motors on October 8, 2015. With the agreement, POSCO is to supply competitive, high quality materials for automobiles to Renault Samsung Motors, and Renault Samsung Motors is to expand technical cooperation with POSCO in relation to the development of high strength steel sheet and the application of new materials. Additionally, both parties agreed to raise global competitiveness through the reinforcement of the strategic partnership.</p>
<p>Held at POSCO Center in Seoul, South Korea, the signing ceremony was attended by interested parties from both companies including In-hwan Oh, POSCO’s Head of Steel Business Division, as well as Francois Provost, President of Renault Samsung Motors.</p>
<p>Oh noted, “When Renault Samsung Motors—which is taking the lead to overcome the recession through innovation—and POSCO are partnered together, both companies will be able to make fruitful development, creating win-win situations.” He also suggested strengthening cooperation in various areas such as production, technology and marketing.</p>
<p>Provost agreed, stating, “POSCO is the best partner with the most advanced technology and innovation, and this agreement will be the foundation for strengthening an already friendly relationship and solidifying the strategic partnership between POSCO and Renault Samsung Motors.”</p>
<p>Renault Samsung Motors plans to produce a new line of vehicles in 2016, which consists of a range of midsize to full-size sedans, as well as midsize SUVs. As such, a constant demand for POSCO’s steel products is to be expected. The new vehicles will use POSCO’s high strength steel sheet for exterior plating and TWB-HPF multiple processing technology will be applied for the first time in Korea, taking the weight reduction of cars to an unprecedented level.</p>
<p>POSCO and Renault Samsung Motors have worked together in researching the latest technologies by applying magnesium sheets to mass produced cars for the first time in the world, and developing a liquid petroleum gas (LPG) donut tank for the first time in Korea. In doing so, the two companies are raising the competitiveness of the local automotive industry through the improvement of quality and development of materials for future vehicles. Furthermore, POSCO aims to provide more value to Renault Samsung Motors by reinforcing its Solution Marketing for world premium products.</p>
<p>Meanwhile, POSCO is supplying steel sheet metal to the world’s top 10 carmakers. Since the late 1990s, POSCO has developed the global auto plate market and expanded overseas production and sales networks, growing as a global steelmaker with an annual production capacity of 8.3 million tons. POSCO plans to achieve sales of 10 million tons by 2018 by strengthening its partnerships with major global carmakers and expanding the sales of world premium products based on Solution Marketing.</p>
<p><a href="https://newsroom.posco.com/en//wp-content/uploads/2015/10/POSCO-MOU1.jpg"><img class="aligncenter size-full wp-image-7281" src="https://newsroom.posco.com/en//wp-content/uploads/2015/10/POSCO-MOU1.jpg" alt="POSCO MOU" width="670" height="373" /></a></p>
<p><a href="https://newsroom.posco.com/en//wp-content/uploads/2015/10/304x195_1013_v22.png"> </a></p>
<p>(POSCO and Renault Samsung Motors singed an MoU for strategy cooperation at POSCO Center on October 8, 2015. Head of Steel Business Division, In-hawn Oh (fourth from left) with <em>Francois</em> Provost (fifth from left), President of Renault Samsung Motors.)</p>
<p><a href="https://newsroom.posco.com/en//wp-content/uploads/2015/10/304x195_1013_v22.png"> </a></p>
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				<title>What is an Electric Vehicle and Why Should You Care?</title>
				<link>https://newsroom.posco.com/en/electric-vehicle-care/</link>
				<pubDate>Fri, 18 Apr 2014 16:50:56 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
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		<category><![CDATA[zero emissions]]></category>
									<description><![CDATA[Media is inundated with news about companies investing time and money into the development of electric vehicles and governments providing subsidies. However,]]></description>
																<content:encoded><![CDATA[<p><span style="font-size: 13px;">Media is inundated with news about companies investing time and money into the development of electric vehicles and governments providing subsidies. However, many consumers are still unaware of what an electric vehicle is and why some experts say that electric car numbers will or should continue growing in the future.</span></p>
<p>Today, POSCO global blog will try to explain the basics of electric vehicles.</p>
<p style="text-align: center;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2014/04/전기차001.jpg"><img class="aligncenter size-full wp-image-3424" src="https://newsroom.posco.com/en/wp-content/uploads/2014/04/전기차001.jpg" alt="전기차001" width="650" height="297" /></a>Pictured here: POSCO exhibit set up at The 1<sup>st</sup> International Electric Vehicle Expo held in Jeju</p>
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<p><span style="color: #3366ff;"><b><span style="text-decoration: underline;">What is an Electric Vehicle?</span></b></span></p>
<p><b></b>An electric car is basically an automobile that is powered by electricity. It is powered by an electric motor that runs on a rechargeable battery as opposed to a gasoline engine. Electric vehicles has gained widespread recognition predominantly because it is the environmentally-friendly alternative to gas guzzling automobiles.</p>
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<p><span style="color: #3366ff;"><b><span style="text-decoration: underline;">Why should you care about Electric Vehicles?</span></b></span></p>
<p style="text-align: center;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2014/04/007.jpg"><img class="aligncenter size-full wp-image-3417" src="https://newsroom.posco.com/en/wp-content/uploads/2014/04/007.jpg" alt="007" width="650" height="361" /></a>Pictured here: EV on display that promotes ‘zero emissions’</p>
<p> You might have heard the word ‘electric car’ lately, but might not understand what the direct benefits are. The major reasons that electric cars is top-of-mind for the auto industry and society as whole are for the following reasons:</p>
<p><span style="font-size: 13px;">1)      </span><b style="font-size: 13px;"><span style="color: #3366ff;">Less pollution</span>: </b><span style="font-size: 13px;">Electric cars are an eco-friendly alternative to gasoline powered cars as they create less pollution</span></p>
<p>2)      <b><span style="color: #3366ff;">Cost effective in the long-run</span>:</b> Electric cars run on electricity so you can save up on annual car fuel costs and expensive maintenance related to oil changes, fuel filters, etc.</p>
<p>3)      <b><span style="color: #3366ff;">Reduces fuel dependency</span>: </b>Electric vehicles can be powered by electricity produced from multiple energy sources including wind, solar, hydro, nuclear, biofuel, and fossil fuel sources. Therefore, electric vehicles have the potential to support economies while also reducing dependence on imported oil.</p>
<p>4)      <b><span style="color: #3366ff;">Better Sound Quality</span>:</b> Electric cars may be difficult to differentiate from regular cars from the outside, but electric motors provide quiet and very smooth operation.</p>
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<p><span style="color: #3366ff;"><b><span style="text-decoration: underline;">Challenges for Electric Vehicles</span></b></span></p>
<p><span style="font-size: 13px;">That is not to say that electric vehicles face no challenges. Driving range is a concern for consumers as gasoline vehicles can go longer distances. Recharge time and overall bulk are concerns also. Companies, including POSCO, are continuously investing time and energy to improve technologies and materials for electric vehicles.</span></p>
<p style="text-align: center;"><span style="font-size: 13px;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2014/04/099.jpg"><img class="aligncenter size-full wp-image-3421" src="https://newsroom.posco.com/en/wp-content/uploads/2014/04/099.jpg" alt="099" width="650" height="361" /></a></span>Pictured here: Entrance to 1<sup>st</sup> International Electric Vehicle Expo in Jeju</p>
<p>During March 15 through 21, the 1<sup>st</sup> International Electric Vehicle Expo was held in Jeju Island, south of the Korean peninsula. More than 40 companies attended the event and consumers were able to see firsthand electric cars including Kia’s Ray EV, Reno Samsung SM3 Z.E., Chevrolet Spark EV, Kia Soul EV and BMW i3. Nearly 50,000 visitors came to the expo where POSCO Group showcased its innovative electric car technology.</p>
<p style="text-align: center;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2014/04/메인4.jpg"><img class="aligncenter size-full wp-image-3423" src="https://newsroom.posco.com/en/wp-content/uploads/2014/04/메인4.jpg" alt="메인" width="650" height="361" /></a>Pictured here: POSCO exhibit at 1<sup>st</sup> International Electric Vehicle Expo in Jeju</p>
<p>Of the participating companies, <span style="color: #3366ff;"><b>POSCO was the only company to offer a total solution that addresses materials, rechargeable infra and service</b>. <b>POSCO was the first steelmaking company to develop a body for an electric vehicle concept</b></span>, solidifying its position at the forefront of electric vehicles.</p>
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<p><span style="color: #3366ff;"><b><span style="text-decoration: underline;">POSCO Group’s &lt;Total Solution&gt;</span></b></span></p>
<p style="text-align: center;"><span style="color: #3366ff;"><b><span style="text-decoration: underline;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2014/04/047.jpg"><img class="aligncenter size-full wp-image-3427" src="https://newsroom.posco.com/en/wp-content/uploads/2014/04/047.jpg" alt="047" width="650" height="361" /></a></span></b></span>Pictured here: POSCO executives gathered at the Expo in Jeju</p>
<p><span style="font-size: 13px;">POSCO Group companies including POSCO ICT, POSCO ChemTech, POSCO TMC and POSCO ESM were all present for the expo. As the first steelmaker to create the concept body for electric vehicles, POSCO proved that its steel solutions continue to provide value for the future of electric vehicles. The exhibit was divided into three parts consisting of rechargeable infra needed by electric vehicles, service and materials.</span></p>
<p>POSCO ICT’s electric vehicle rechargeable infra solution can be applied to all types of vehicles. Moreover, users are able to recharge without having to carry an external cable.</p>
<p style="text-align: center;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2014/04/022.jpg"><img class="aligncenter size-full wp-image-3420" src="https://newsroom.posco.com/en/wp-content/uploads/2014/04/022.jpg" alt="022" width="650" height="361" /></a><span style="font-size: 13px;">Pictured here: Chevrolet electric vehicle on exhibit being recharged</span></p>
<p><span style="font-size: 13px;">In addition, in order to improve the user experience, POSCO is offering a variety of convenient services. POSCO ICT has set up charging infrastructure around Jeju so travelers do not need to worry about lack of electricity. Beginning this June, POSCO ICT will form a partnership with E-Mart·BMW to offer easier charging services anytime, anywhere. POSCO ICT will also be forming a partnership with Seoul car sharing services to provide rechargeable infra.</span></p>
<p>POSCO also highlighted its commitment towards Nd magnets. Nd magnet, which is made of a rare earth metal, is an integral part of electric vehicle motors. They are currently imported from Japan and China. The Nd magnets that POSCO supplies can be applied to domestic electric vehicles and can reduce the dependency on imports.</p>
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<p><span style="color: #3366ff;"><b><span style="text-decoration: underline;">State-of-the-Art Technology for Future Electric Vehicles</span></b></span></p>
<p style="text-align: center;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2014/04/017.jpg"><img class="aligncenter size-full wp-image-3418" src="https://newsroom.posco.com/en/wp-content/uploads/2014/04/017.jpg" alt="017" width="650" height="361" /></a>Pictured here: Compact-sized electric vehicle</p>
<p>Compared to internal combustion engines, electric vehicles are still trailing behind in terms of mileage and battery weight. Therefore a variety of new technologies are being applied for lightweight car bodies. For this reason, new materials beyond the previous aluminum and steel are being introduced into the development of electric vehicles.</p>
<p><span style="color: #3366ff;"><b>POSCO is the first steelmaker to develop steel that is optimized for electric vehicle bodies</b>.</span> PBC-EV (POSCO Body Concept-Electric Vehicle) is the car body that was developed to showcase the state-of-the-art technology POSCO has recently developed for future electric vehicles.</p>
<p>PBC-EV has set the standard for EV steel solutions. It is made from cutting-edge steel and the latest components technology for an integrated solution that has reduced weight of 26.4% compared to previous car bodies.</p>
<p style="text-align: center;"><a href="https://newsroom.posco.com/en/wp-content/uploads/2014/04/020.jpg"><img class="aligncenter size-full wp-image-3419" src="https://newsroom.posco.com/en/wp-content/uploads/2014/04/020.jpg" alt="020" width="650" height="361" /></a>Pictured here: Regular-sized electric vehicle made by Renault Samsung Motors</p>
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<p><b style="color: #3366ff; font-size: 13px;"><span style="text-decoration: underline;">The Future of Electric Vehicles</span></b></p>
<p>As companies continue to improve and build upon existing electric vehicle technologies, the growing prominence of electric vehicles is highly probable. As an environmentally-conscious company, POSCO hopes to see more growth in this field. Would you buy an electric vehicle?</p>
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