Korean battery SMEs rush for money to expand capacity

South Korean rechargeable battery-related companies are jumping into capital markets to raise money for capacity expansion as the fast-growing ele...

Hyundai launches first Genesis EV sedan G80 in Korea

Hyundai Motor Co. said on Wednesday it has debuted a new electric sedan sold under the independent premium brand of Genesis in the Korean market as ...

Hyundai Motor invests $100 mn in US battery startup SES

Hyundai Motor Co. is set to invest $100 million in US-based electric vehicle battery startup SolidEnergy Systems (SES) to obtain next-generation tec...

LG invests $88 mn in Kakao Mobility as both seek new growth opportunities

LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...

Hyundai innovates EV manufacturing with smart factory system

South Korea’s top carmaker Hyundai Motor Co. is making innovations in its electric vehicle manufacturing processes. The company on July 1 reve...

SK Innovation to split battery unit, eyes Nasdaq debut as it goes greener

South Korea’s SK Innovation Co. said on Thursday it is considering a spin-off of its battery business and listing the separated entity on the ...

Hyundai Motor, Grab deepen partnership for EV adoption in Southeast Asia

South Korea’s Hyundai Motor Group and Grab Holdings Inc. have agreed to strengthen their partnership in mobility services to accelerate the ad...

LG undergoes restructuring under young Chairman Koo's bold leadership

On June 29, LG Group Chairman Koo Kwang-mo will reach a three-year mark of serving as the head of South Korea's fourth-largest conglomerate. This ye...

Seoul to host EV-only Formula E World Championship in 2022

South Korea’s capital Seoul will be finally hosting the ABB FIA Formula E World Championship in August 2022, with BTS as the global ambassador...

Hyundai Mobis unveils new grille technology for EVs

South Korea’s largest auto parts maker Hyundai Mobis announced on June 17 that it has developed a new grille technology that allows drivers to...

LG Energy supplies batteries to world’s largest Vistra ESS project

South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy storage system (ESS) project operated by US p...

Hyundai to provide hydrogen fuel cell system for world’s first electric car race

South Korea’s Hyundai Motor Group will provide its hydrogen fuel cell system to the world’s first touring race for electric vehicles, Hy...

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI Co., one of South Korea’s top three electric vehicle battery makers, is considering launching a battery production joint venture i...

LG Energy, POSCO invest $15 mn in Aussie battery material supplier

South Korea’s LG Energy Solution Ltd. and POSCO have agreed to invest a combined 17 billion won ($15 million) in Australia's Queensland Pacifi...

Global automakers accelerate EV push as chip shortage eases

Global auto companies are moving forward with their electric vehicle (EV) and other future mobility initiatives as the global semiconductor shortage...

SK Nexilis, POSCO move forward with EV battery materials projects

With competition heating up in the global race for more eco-friendly cars, South Korea’s major companies are moving forward with their plans t...

Hyundai Motor chairman vows to go carbon neutral, stresses electrification

Chung Euisun, chairman of Hyundai Motor Group, has vowed to go carbon neutral in the group's processes, from automaking to vehicle disposal, in a mo...

Lotte Chem in hydrogen deal with Air Liquide, invests $185 mn in materials

South Korea’s Lotte Chemical Corp. is diversifying into electric vehicle raw materials and hydrogen businesses as new growth drivers, moving a...

SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US

South Korean battery maker SK Innovation Co. and Ford Motor Co. have agreed to launch a 6 trillion won ($5.3 billion) joint venture to support the U...

Hyundai Motor to make EVs in US with $7.4 bn investment by 2025

Hyundai Motor Group will pump $7.4 billion into its US operations by 2025, with a focus on future mobility segments, including electric vehicles (EV...

SK Innovation eyes strong battery orders after returning to Q1 profit

SK Innovation Co., a major South Korean oil refiner and battery maker, has returned to an operating profit in the first quarter, boosted by gains in...

Korea’s major firms look for M&A targets in battery materials business

South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...

Samsung SDI Q1 sales at all-time high, says VW’s battery move long shot

Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, saw its first-quarter revenue profit jump on solid demand with its ...

Samsung SDI Q1 sales at all-time high, says VW’s battery move long shot

Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, saw its first-quarter revenue profit jump on solid demand with its ...

Hyundai Motor pilots EV mobility service for pets

Hyundai Motor Group will pilot an urban mobility service for pets in Seoul, using a specially designed Ray EV model by Kia Corp. The group said on A...

Hyundai debuts First Genesis EV sedan at Shanghai Auto Show

Hyundai Motor Co. on Monday unveiled an electric version of its premium brand Genesis at the opening of Auto Shanghai 2021 as the top South Korean c...

GM, LG to build second US EV battery plant in Tennessee

LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in...

Hyundai Motor, SK Innovation join forces on hybrid car battery development

South Korea-based automakers Hyundai Motor Co., KIA Corp. and electric vehicle battery maker SK Innovation Co. have joined forces to jointly develop...

SK expands EV profile with Signet EV acquisition, Polestar investment

SK Group will enter the fast-growing electric vehicle (EV) charger market by acquiring a majority stake in South Korea’s industrial charger ...

SK agrees to pay $1.8 billion to LG, settles battery legal dispute

LG Energy Solution Ltd. and SK Innovation Co. have reached an 11th-hour agreement to end their two-year legal dispute in the US over trade secret in...