KG Mobility to launch electric SUV Torres EVX in September

KG Mobility to launch electric SUV Torres EVX in September

South Korea's KG Mobility Corp., formerly Ssangyong Motor, announced on Monday that it has confirmed the release of the electrified version of its s...

Doosan secures $392 mn in cumulative PFC orders

Doosan secures $392 mn in cumulative PFC orders

South Korea's Doosan Corp. announced on Monday that it has accumulated 500 billion won ($392 million) in orders for its patterned flat cable (PFC), ...

Doosan to enter EV sector with battery recycling business

Doosan to enter EV sector with battery recycling business

South Korea’s major power plant builder Doosan Enerbility Co. plans to set up a battery recycling subsidiary, targeting the sector expecting r...

LG Energy lifts sales guidance; Samsung SDI sees firm growth

LG Energy lifts sales guidance; Samsung SDI sees firm growth

South Korean electric vehicle battery maker are offered upbeat market outlooks, gaining structural growth momentum through strong competitiveness wi...

Hyundai Motor eyes EV charger alliance in US to take on Tesla

Hyundai Motor eyes EV charger alliance in US to take on Tesla

South Korea’s Hyundai Motor Co. and Kia Corp. are planning to join BMW, General Motors, Honda Motor, Mercedes-Benz and Stellantis to collectiv...

Kia revises up 2023 OP target after record Q2 earnings, to expedite EV push  

Kia revises up 2023 OP target after record Q2 earnings, to expedite EV push  

Kia Corp. has revised upwards its operating profit target for this year to up to 12 trillion won ($9.4 billion) after reporting its best-ever quarte...

OCI makes foray into battery materials market

OCI makes foray into battery materials market

South Korea's chemical and green energy company OCI has entered the battery materials market by landing a supply contract for key raw materials for ...

S.Korea’s SK On launches domestic battery safety evaluation center

S.Korea’s SK On launches domestic battery safety evaluation center

South Korean battery maker SK On has unveiled its state-of-the-art "SK On Battery Safety Evaluation Center" in Seosan, South Chungcheong Province. T...

Hyundai Motor Group, Seoul Univ. to jointly develop battery

Hyundai Motor Group, Seoul Univ. to jointly develop battery

Hyundai Motor Group opened a joint battery research center at Seoul National University, marking its full-fledged foray into next-generation battery...

LG Energy Solution expands cobalt supply deal with Canada’s Electra

LG Energy Solution expands cobalt supply deal with Canada’s Electra

LG Energy Solution Ltd. has signed a long-term contract to receive additional refined cobalt from Electra Battery Materials Corp. in Canada, in a mo...

POSCO affiliates’ shares surge; market cap rises threefold in 5 years

POSCO affiliates’ shares surge; market cap rises threefold in 5 years

Shares of POSCO Group affiliates are flying high with the steelmaker rapidly transforming into a battery materials manufacturer, riding the industry...

EV6, GV60 outperform global peers in Auto Bild’s EV tests

EV6, GV60 outperform global peers in Auto Bild’s EV tests

Hyundai Motor Group’s electrification push under the direction of its Chairman Chung Euisun is more than paying off, with a slew of worldwide ...

Samsung SDI, Stellantis agree to build 2nd US battery plant

Samsung SDI, Stellantis agree to build 2nd US battery plant

South Korea’s Samsung SDI Co. and the Netherlands-based automaker Stellantis N.V. have signed a memorandum of understanding (MOU) to build the...

No subsidy, no problem: Hyundai, Kia make top 10 US list for EV sales

No subsidy, no problem: Hyundai, Kia make top 10 US list for EV sales

Hyundai Motor Co. and Kia Corp. in the first half of the year were among the top 10 in sales of battery electric vehicles (EVs) in the US despite re...

POSCO Future M spurs single-crystal cathode production

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...

Korea's IMM to invest $23 mn in battery parts supplier Choil Aluminum

Korea's IMM to invest $23 mn in battery parts supplier Choil Aluminum

South Korean private credit firm IMM Credit & Solutions Inc. will invest 30 billion won ($23.4 million) in Choil Aluminum Co., an EV battery com...

Foreign carmakers hit by EV sales drop in S.Korea

Foreign carmakers hit by EV sales drop in S.Korea

Foreign carmakers such as Mercedes-Benz and Tesla Inc. suffered a sales drop in South Korea in the first half of the year, as overall car sales jump...

Hyundai Transys installs EV-customized seats on Kia EV9

Hyundai Transys installs EV-customized seats on Kia EV9

South Korea's auto components maker Hyundai Transys on Thursday said it applied electric vehicle (EV) seat technology customized for electrification...

Road near SK On’s US plant in Georgia named SK Blvd

Road near SK On’s US plant in Georgia named SK Blvd

South Korean battery maker SK On announced on Thursday that a road near its US corporation, SK Battery America's (SKBA) site, has been renamed "SK...

Korea Zinc likely to supply copper foil to LG Energy for EV batteries

Korea Zinc likely to supply copper foil to LG Energy for EV batteries

Korea Zinc Co., the world’s largest zinc and lead smelter, will likely start supplying copper foil, a key battery component, to LG Energy Solu...

LG Energy Solution to expands BaaS with Mintech

LG Energy Solution to expands BaaS with Mintech

South Korea's LG Energy Solution Ltd. partners with Mintech Co., a battery diagnostic solution provider, to expand its Battery-as-a-Service (BaaS) b...

S.Korea’s car exports hit H1 record high on brisk EV sales

S.Korea’s car exports hit H1 record high on brisk EV sales

South Korea’s automobile export value in the first six months of this year hit the highest-ever $35.7 billion for a half-year period, mainly d...

Samsung Electro-Mechanics starts mass-producing power inductors

Samsung Electro-Mechanics starts mass-producing power inductors

South Korea's Samsung Electro-Mechanics has started mass-producing power inductors, an essential component of electric (EV) and self-driving vehicle...

Hyundai Motor premieres first high-performance EV IONIQ 5 N

Hyundai Motor premieres first high-performance EV IONIQ 5 N

The IONIQ 5 N – Hyundai Motor Co.'s first all-electric high-performance car under its N brand – made its world premiere on Thursday, wit...

Samsung takes on Micron with new flash auto memory UFS 3.1

Samsung takes on Micron with new flash auto memory UFS 3.1

Samsung Electronics Co., the world’s largest memory chipmaker, has begun mass production of its latest flash memory chip, which the company sa...

Everon attracts $39 mn thanks to hot VC demand for EV charging

Everon attracts $39 mn thanks to hot VC demand for EV charging

Everon, one of South Korea’s top three electric vehicle charging infrastructure and management service providers, raised 50 billion won ($39 m...

EV9 SUV to be Kia’s 1st EV assembled in US

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...

POSCO sharply lifts 2030 battery materials sales targets

POSCO sharply lifts 2030 battery materials sales targets

South Korea’s POSCO Holdings Inc. on Tuesday sharply revised up its sales targets for rechargeable battery materials as it is aiming to join t...

S.Korea’s imports of LFP cathode reverses to growth after 8 years

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...

Hyundai Engineering to enter EV charging maintenance, service market

Hyundai Engineering to enter EV charging maintenance, service market

South Korea’s Hyundai Engineering Co., the plant engineering and construction unit of Hyundai Motor Group, unveiled its ambitious plans on Mon...

Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan