China Association of Automobile Manufacturers
Scope
Date
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Batteries
China sets up battery JVs with S.Korea to bypass IRA
Chinese battery materials suppliers are rushing to expand their production bases in South Korea, mainly in partnership with domestic companies.Such ...
Aug 01, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang divests Chinese subsidiary Jixiangju for $235 mn
South Korean food giant CJ CheilJedang Corp. announced on Monday that it has completely sold its ownership stake in its Chinese food subsidiary, Jix...
Jul 31, 2023 (Gmt+09:00)
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Corporate investment
S.Korea relies heavily on Samsung Elec for R&D spending: FKI
South Korea’s corporate expenditures on research and development grew 1.7 times from 2013 to 2021, much slower than such spending by the US an...
Jul 25, 2023 (Gmt+09:00)
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Energy
S.Korea's oil refining margins exceed break-even points
Refining margins at South Korea’s four oil refiners, led by SK Innovation Co., have exceeded their break-even points after three months, a sig...
Jul 24, 2023 (Gmt+09:00)
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Electronics
Samsung Electronics launches 89-inch Micro LED TV
Samsung Electronics Co. announced on Sunday that it launched an 89-inch Micro LED TV model in the South Korean market. This product is Samsung's hig...
Jul 24, 2023 (Gmt+09:00)
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Batteries
POSCO Future M spurs single-crystal cathode production
GWANGYANG – POSCO Future M Co., the battery materials unit under South Korean steel giant POSCO Holdings Inc., is spurring production of singl...
Jul 23, 2023 (Gmt+09:00)
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Airlines
Occupancy rate of S.Korean LCCs for int’l flights hits 87%
The average occupancy rate (AOR) on international flights of South Korea’s low-cost carriers (LCCs) has exceeded 80%, fully recovering to its ...
Jul 20, 2023 (Gmt+09:00)
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Retail
Alibaba launches express ships to S.Korea as orders surge
Alibaba.com, China’s largest online marketplace, launched an express cargo ship service between South Korea and China this week to meet a surg...
Jul 20, 2023 (Gmt+09:00)
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Automobiles
EV9 SUV to be Kia’s 1st EV assembled in US
Kia Corp. will spend over $200 million to transform part of its assembly plant in the US state of Georgia to manufacture its second all-electric SUV...
Jul 13, 2023 (Gmt+09:00)
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Batteries
S.Korea’s imports of LFP cathode reverses to growth after 8 years
South Korea's imports of cathode materials used to make lithium ferrophosphate (LFP) batteries in the first five months of this year rose for the fi...
Jul 11, 2023 (Gmt+09:00)
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Bio & Pharma
Novartis $391 mn deal powers Samsung Biologics backlogs to record high
Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, inked a $391 million contract from Novartis, nearly fi...
Jul 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor chairman visits Intel, seeking stable supply of chips
Hyundai Motor Group Chairman Chung Euisun toured Intel Corp.’s Leixlip Campus in County Kildare, Ireland last week to check out the latest tec...
Jul 10, 2023 (Gmt+09:00)
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Korean games
S.Korean game companies to launch new offensive in China
Major South Korean game companies such as Nexon, Netmarble Corp. and Smilegate from this month will roll out new titles on the Chinese market. ...
Jul 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor breaks out of 3-year slump in China
South Korea’s Hyundai Motor Co. has broken out of its slump in China, with its Chinese joint venture posting its first sales growth in four ye...
Jul 09, 2023 (Gmt+09:00)
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Economy
FDI pledges to S.Korea set fresh record in H1 2023
Foreign direct investment pledges to South Korea from January to June of this year soared 54.2% on-year, hitting a record high for the first-half pe...
Jul 05, 2023 (Gmt+09:00)
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Batteries
Korea-China battery minerals tie-up mutually beneficial: CNGR chief
China and South Korea stand to mutually benefit by strengthening their partnership in the battery materials business amid tougher US regulations on ...
Jul 03, 2023 (Gmt+09:00)
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Corporate restructuring
LG Chem seeks to sell 2nd NCC facility in Korea in face of China’s ascent
LG Chem Ltd. has embarked on a process to sell its core naphtha cracking center (NCC) in South Korea, estimated at about 3 trillion won ($2.3 billio...
Jul 02, 2023 (Gmt+09:00)
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Business & Politics
Hyundai Rotem wins $917 mn Australian electric train project
Hyundai Rotem, a South Korean railway system maker under Hyundai Motor Group, said on Friday that it had won a major contract in Australia alongside...
Jun 30, 2023 (Gmt+09:00)
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Pension funds
NPS logs 8.6% return on investment as of end-April 2023
South Korea’s National Pension Service (NPS) has logged an 8.63% profit in fund management in January-April this year thanks to strong equity ...
Jun 29, 2023 (Gmt+09:00)
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Business & Politics
Korea’s trade deficit with China runs deep; chip support required
Just like its neighboring countries in Asia, South Korea’s economic growth has long been swayed by the ups and downs of China, which heavily r...
Jun 29, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Heyday over for Amorepacific, LG Household in China’s beauty market
Amorepacific Corp. and LG Household & Health Care Ltd., basking in the global K-beauty boom, reaped handsome profits in China, the world’s...
Jun 26, 2023 (Gmt+09:00)
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Machinery
HD Hyundai Infracore targets eco-friendly equipment market
HD Hyundai Infracore Co., a construction equipment unit of South Korea’s HD Hyundai Group, is set to make inroads into the eco-friendly sector...
Jun 26, 2023 (Gmt+09:00)
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Aerospace & Defense
Korean Air delivers AH-6 helicopter fuselage to Boeing
Korean Air Lines Co. announced on Monday that it has delivered the initial production units of AH-6 helicopter fuselages for the AH-6 project awarde...
Jun 26, 2023 (Gmt+09:00)
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Economy
US beats China to become S.Korea’s No.1 export destination in 2022
South Korea last year exported most to the US thanks to brisk sales of the country’s cars in the world’s No. 1 economy, whereas trade wi...
Jun 22, 2023 (Gmt+09:00)
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Korean games
S.Korean MMORPG 'Lost Ark' to launch in Chinese market
"Lost Ark," the popular South Korean MMORPG developed by Smilegate RPG, is set to make its debut in the Chinese gaming market next month. Tencent Ga...
Jun 22, 2023 (Gmt+09:00)
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Regulations
EU’s new battery act comes with caveats; headache for Samsung, Apple
The European Union’s decision to go greener with batteries that cut carbon emissions and promote recycling comes with a few caveats, posing a ...
Jun 21, 2023 (Gmt+09:00)
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Get It Made in Korea
Dong-A ENG Co.
Key facts Industry Mass-production mold design and manufacturing/machinery manufacturing Mainstay products/services Automotive int...
Jun 21, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung to apply AI, big data tech to entire chipmaking process
Samsung Electronics Co., the world’s largest memory chipmaker, plans to use AI and big data technology in its chipmaking process to enhance pr...
Jun 19, 2023 (Gmt+09:00)
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Automobiles
Rolls-Royce unveils its first all-electric model, Spectre, in Seoul
Rolls-Royce has unveiled Spectre, the brand's first all-electric model, on Friday in Seoul for the first time in the Asia-Pacific region.The exterio...
Jun 16, 2023 (Gmt+09:00)
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Dong-A ENG Co.
Key facts Industry Mass-production mold design and manufacturing/machinery manufacturing Mainstay products/services Automotive interior ...
Jun 16, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet