Pulse Power, a Startup Company in Renewable Battery Development in Korea Expands into the Mongolian Market

Nov 15, 2023 | Business

Pulse Power, a renewable battery development company aligning itself with strengthened environmental regulations and the rapid growth of the electric vehicle market, is garnering attention for its remarkable growth. With Pulse Powers technology, the company is on the brink of entering the Mongolian market and has established a local subsidiary in Mongolia this year.

Gangseo-gu, Busan, South Korea – WEBWIRE –

Pulse Power, a renewable battery development company aligning itself with strengthened environmental regulations and the rapid growth of the electric vehicle market, is garnering attention for its remarkable growth. With Pulse Powers technology, the company is on the brink of entering the Mongolian market and has established a local subsidiary in Mongolia this year.

The global automotive industry is trending towards electric vehicles, and the batteries for electric vehicles are considered as core components. However, the primary raw materials for battery cells, such as cobalt, lithium, and nickel, are scarce minerals with limited reserves, which could lead to shortages if demand increases significantly. Moreover, the issue of carbon emissions is an unavoidable side effect in the supply of battery raw materials.

Pulse Power is deeply committed to sustainability, especially in tackling the growing issue of battery waste. With its innovative research and development in battery regeneration technology, Pulse Power can successfully rejuvenate over 90% of discharged waste batteries. This pursuit of sustainability has led the company to seek international collaborations actively. Pulse Power has garnered considerable interest in the Mongolian market as a promising startup company, where advanced waste disposal systems are in high demand. Pulse Power, with its cutting-edge technology in this area, has been invited to establish its subsidiary in Mongolia.

Pulse Power specializes in regenerating lead-acid batteries and is currently developing technology to regenerate nickel-metal hydride batteries, commonly used in hybrid vehicles. This advancement is a significant step towards the regeneration of batteries in electric vehicle. Utilizing these regenerated batteries not only contributes to a significant reduction in carbon emissions but also offers a cost-effective and safe alternative. In electric vehicles, which contain multiple batteries with different lifespans, Pulse Powers technology can selectively replace parts, further extending the vehicles operational life. Moreover, these regenerated batteries are cost-efficient, costing about 50-60% less than new batteries.

An official from Pulse Power noted that while Mongolias population is less than 3.5 million, making it a relatively small country, it represents a highly attractive and significant market for emerging startup companies like Pulse Power. They disclosed that expanding into the Mongolian market will help Pulse Power establish a strong foothold in Mongolia within the next three-five years.

The robust growth of Pulse Power, despite being a relatively small player in the renewable battery market, has laid a solid foundation for its ambitious leap towards becoming a global entity.

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Does NY Real Estate Have a Pulse? NRIA, Elliman, Street Easy Seem to Think So

May 5, 2021 | Business

Houston, TX, 4th May 2021, ZEXPRWIRE, Despite reports to the contrary, it appears that real estate in and around New York City is gaining ground and poised for a rebound, according to reports from NRIA. We also called Douglas Elliman Real Estate, who said that they have seen positive growth in the real estate market over the past couple of quarters. Their February report also says that newly signed contracts for condominiums, co-ops, and 1-3 families combined have risen annually for the third straight month.

Let’s look at each borough of New York City, New York, and see how they are faring in the real estate market for both sales and leases for renting.

Manhattan

Manhattan, according to NRIA, has lagged behind the rest of New York City in real estate sales since the beginning of the summer. However, this year has seen it beginning to play catch-up. Supply and demand has changed dramatically as the number of listing coming to the market have declined, and the number of sales has risen.

Brooklyn

More property owners have been listing their properties in Brooklyn due to the market’s robust conditions. Contracts on condominiums, co-ops, and 1-3 families combined have been rising significantly over the past eight months. Regardless of this, according to NRIA and searchable inventory on Elliman.com, there is still plenty out there, largely due to newer listings as the demand is keeping up with supply it seems.

Long Island (excludes North Fork and Hamptons)

Since June, Long Island has seen newly signed contracts for single families and condos combined rising year over year consistently. That is, until February. February’s report was the first that didn’t see this rise since June. As per NRIA, there has been a sharp decline in listing inventory in January and February, making it difficult for new contracts to be signed.

Hamptons

New inventory also fell sharply in Hamptons. However, our reading of Elliman data suggest that this did not slow down the number of newly signed contracts on single families and condos combined there. They have been rising significantly year over year since May and did not slow down this month either.

North Fork

North Fork saw a modest gain in newly signed contracts for single families and condos combined, but nothing like Hamptons. However, their new listing inventory has also fallen sharply. Theirs, however, according to NRIA, has been a more extended decline in that it has been falling for three consecutive months.

Westchester

Westchester also saw a sharp decline in new listing inventory in January.  As per NRIA, they have, however, seen a significant rise in newly signed contracts for single families and condos combined.

Conclusion

Although much of New York City has seen a significant increase in newly signed contracts due to heightened demand after the spring COVID lockdown, the newly signed contracts in Manhattan fell short of their co-op and condominium sales from one year ago.

Sales in New York City have fallen short of where they were this time in 2020. However, the volume of newly signed contracts suggests that the sales will pick up enough to close the gap in the rest of 2021.

As per NRIA’s analysis and Elliman data, the annual number of sales has dropped yearly (except for in 2017) since they peaked in 2013. The median sales price has not fallen below the $1 million threshold since 2015.

This shows that the real estate market is booming, as Douglas Elliman said. If you’re looking to buy or sell, now is the time to do it.

By Sarah Mosely