Korea’s Optrontec eyes growth in optical lens sales as EVs take off

Optrontec Inc., a small South Korean manufacturer and provider of optical filters, lenses and three-dimensional sensing technology, has been ramping...

Hyundai reveals interior images of EV model IONIQ 5

Hyundai Motor Co. unveiled interior images of the IONIQ 5, the first model under its standalone electric vehicle sub-brand, on Feb. 15, featuring a ...

Korean auto parts players to shine as carmakers go all in on EVs

Korean auto parts makers have rarely been favored by stock investors as they were regarded as mere subcontractors, with their performance largely de...

SK Innovation’s Q4 EV battery business revenue hits record high

South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...

SK Innovation to build 3rd EV battery plant in Hungary for $2.3 bn

SK Innovation Co. will build its third electric-vehicle battery plant in Hungary for $2.29 billion, aiming to grab a greater share of the fast-growi...

SK Innovation buys 13% stake in China’s EV battery-swap station operator

SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...

SK's US battery arm sells $1 bn green bonds at lower rates

The $1 billion green bond sale by SK Battery America Inc., a US unit of South Korea’s SK Innovation Co., was nine times oversubscribed at $9 b...

POSCO acquires stake in Tanzania graphite mine to boost battery materials biz 

South Korea’s largest steelmaker POSCO's commitment to innovation and growth has been well demonstrated this year, as it wraps up acquisition ...

Kia drops Motors from name, unveils roadmap for new EV models

Kia Motors Corp., a unit of Hyundai Motor Group, has dropped Motors from its name, as the company breaks away from its traditional manufacturing-dri...

Hyundai Motor releases IONIQ 5 EV teasers before February reveal

Hyundai Motor Co. has shared a few images of the IONIQ 5, the first model under its standalone electric vehicle sub-brand, ahead of its official rev...

Hyundai Motor in early talks with Apple on EV tie-up; shares surge

Hyundai Motor Co. looks to be in the early stages of discussions with Apple Inc. to jointly develop and produce self-driving electric cars, a move t...

SK Innovation to raise $920 mn for US battery plant expansion

South Korea-based SK Innovation Co. is ramping up investment for its US-based electric vehicle battery business, with plans to raise up to 1 tri...

Korea’s EV battery trio among world’s top 5; seen gaining further ground

South Korea’s three major electric vehicle battery makers have grown significantly over the past year, securing spots on the world’s top...

Battery boom to drive POSCO Chem's $1.1 bn rights offering

South Korea-based POSCO Chemical Co. has begun preparations for its rights offering, to the delight of shareholders as the company’s share pri...

LG Electronics, Magna to launch $1 bn EV gear JV

LG Electronics Inc. and Magna International Inc. will form a $1 billion joint venture to build electric car components as the tech companies tap int...

LG Energy Solution, Indonesia sign MOU on battery cooperation

LG Energy Solution, the battery unit of LG Chem Ltd., has signed a memorandum of understanding with the Indonesian government’s investment aut...

SK Innovation partners with EVE to launch third battery plant in China

South Korea-based SK Innovation Co. has entered into a joint venture with Chinese battery maker EVE Energy Co. to set up a third battery plant in Ch...

POSCO Chem eyes No.1 spot in battery materials sector

South Korean steelmaker POSCO launched in 1968 with a mission to aid the country's economic growth through its steel business. True to its inten...

POSCO aims for top spot in EV battery materials market

Electric car batteries are often dubbed as "another semiconductor" in South Korea, a reference to the importance of semiconductor chips, key drive...

Hyundai Motor unveils all-new electric vehicle platform E-GMP

Hyundai Motor Co. has unveiled a new platform, which will underpin its electric vehicles in coming years as South Korea’s largest automotive g...

LG Chem launches battery unit LG Energy Solution, eyes 2024 sales of $27 bn

South Korea’s LG Chem Ltd. has officially launched its battery affiliate, LG Energy Solution, to carve out a greater share of the increasingly c...

LG Chem, China’s CATL neck and neck in race for top battery player’s spot

Global competition for the world’s top spot for the manufacture of electric-vehicle batteries is getting fiercer as major players in South Kor...

SK Innovation opens 2nd China battery plant, eyes world’s top 3 spot

SK Innovation Co. has begun operating its second electric vehicle battery plant in China as the South Korean company expands its presence in the wor...

LG Chem beats CATL, Panasonic to supply batteries for Tesla’s Model Y SUV

South Korea’s LG Chem Ltd. will supply batteries to US electric vehicle giant Tesla Inc. for its latest mid-size SUV Model Y, to be manufact...

Hankook Tire poised to supply for Tesla’s EV trucks

South Korea’s three leading tire makers are seeking a greater share of the global electric vehicle (EV)-only tire market, which is expected to g...

Hyundai Motor, SP Group to expand EV battery business in Singapore

Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...

Korea’s EV battery stocks surge on Europe sales, US vote

Shares of South Korea’s three leading electric vehicle battery makers surged Tuesday, on strong electric car sales in Europe and expectations th...

LG Chem shareholders approve plan to split off battery business

LG Chem Ltd. shareholders have approved the South Korean chemical maker’s plan to hive off its battery business, paving the way for the standalo...

LG Chem’s No. 2 shareholder NPS opposes battery spin-off

South Korea’s National Pension Service (NPS) has decided to vote against LG Chem Ltd.’s plan to split off its battery business at a shareh...

LG Chem gears up to supply new batteries to Tesla; shares surge

Shares of LG Chem Ltd. surged on Oct. 22 as investors snapped up the electric vehicle battery maker on Tesla Inc.’s record quarterly earnings, a...