SK On to expand domestic battery cell plant for $1.1 bn

SK On Co., a South Korean rechargeable battery maker, will make its largest-ever domestic facility investment of 1.5 trillion won ($1.1 billion) to ...

Hyundai acquires GM’s Indian plant, aims to sell more SUVs, EVs

Hyundai Motor Co. has acquired a car manufacturing plant in India from General Motors Co. as South Korea's top automaker aims to expand its presence...

Tokio Marine seeks to sell SE Asia units to S.Korean companies

Japanese insurer Tokio Marine Holdings Inc. is seeking to sell its units in Southeast Asia for $1 billion to major South Korean companies looking fo...

Falling mineral prices to hit Korean battery materials makers

South Korean battery materials makers are likely to report worsened profitability in the third quarter of this year as prices of lithium hydroxide a...

S.Korea's Hanon Systems hits 'home run' with heat pump for EVs

Hanon Systems, a leading South Korean maker of automotive thermal management systems, posted surprising results in the second quarter in blowing awa...

S.Korea's SK C&C enters battery sector with DNA Motors

South Korea's SK C&C will make batteries for electric motorcycles as the first domestic system integration company to enter the battery field.SK...

Hyundai Mobis wins EV component supply deal from VW

South Korea’s Hyundai Mobis Co. has bagged a deal purportedly worth billions of dollars to supply a key electric vehicle component to Volkswag...

Insatiable Hyundai Motor aspires to lead India with SUVs, EVs

Hyundai Motor Group must become “the first mover” in India, which has emerged as the next fierce battlefield for global car makers after...

Carmakers in race for low-cost EVs amid tepid sales growth

Global carmakers such as Volkswagen, Hyundai Motor Group and Stellantis N.V. are in a race to release cheaper electric vehicles with the entry price...

LG Uplus to grow EV charging JV to be among Korea’s top 3

LG Uplus Corp., South Korea’s third-largest mobile carrier, aims to develop its electric vehicle charging joint venture with Kakao Mobility Co...

LG Energy, Huayou Cobalt set up battery recycling JV in China

LG Energy Solution Ltd., the world’s No. 2 battery maker, and Zhejiang Huayou Cobalt Co., the global refined cobalt leader, have launched a ce...

SK Nexilis to sell copper foil to German battery maker Varta

South Korea’s SK Nexilis Co. is set to supply copper foil, core materials for electric vehicle cells, to German battery maker Varta AG, expand...

LG Energy Solution tops global EV battery market excluding China in H1

South Korea's LG Energy Solution Ltd. in the first half of this year retained its No. 1 ranking on the global market for electric vehicle (EV) batte...

Indonesia vows support for LG-led $9.8 bn battery project

Indonesian Minister of Investment Bahlil Lahadalia on Thursday affirmed its government’s commitment to a $9.8 billion electric vehicle battery...

Korea’s STX to build joint Indonesia nickel plant for EV cells

South Korea’s trading company STX Corp. is set to build a nickel plant with an Indonesian company in the Southeast Asian country to expand its...

Hanwha Aerospace ventures into eco-friendly ship market

South Korea's Hanwha Aerospace Co. announced on Thursday that it has completed the development of a megawatt-hour (MWh) energy storage system (ESS)....

Global EV, battery sectors in war for talent acquisition

Global electric vehicle and battery makers are fiercely competing to secure talent with high salaries and various incentives as their workforces a...

Kia America’s new normal: Record car sales month after month

Kia Corp., South Korea’s second-largest automaker, has been dismissed as the weaker sibling or smaller sister firm of Hyundai Motor Co., the c...

Hyundai Mobis mass produces glove compartment for EVs

South Korea's Hyundai Mobis has developed an innovative glove compartment optimized for electric vehicles (EV) for use in the large sport utility EV...

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 ...

SKC, Toyota Tsusho tie up for N.America battery materials

SKC Ltd., a South Korean chemicals maker, has joined hands with the trading unit of Japanese top automaker Toyota Group for the electric vehicle bat...

Battery recycling firms aim for 90% lithium recovery rates

A growing number of South Korean companies – from battery materials makers to power facilities builders – are jumping into the waste bat...

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

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), ...

CJ Bioscience to launch microbiome analysis service in 2024

South Korea's CJ Bioscience Inc. announced on Friday that it plans to officially launch the microbe analysis platform "EzBiome Bioinformatics app" (...

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

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

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 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

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 ...