GS E&C to build EV battery recycling plant near POSCO
GS Engineering & Construction Co. (GS E&C) has launched the construction of its first lithium-ion battery recycling plant in a South Korean ...
Korean EV startup makes highest bid for Ssangyong Motor
South Korea's electric vehicle and battery startup EL B&T has offered the highest price of around 500 billion won ($430 million) for debt-laden ...
Automotive security in spotlight on growing EV market
The automotive security technology for automotive electronics is in the spotlight as the global electric vehicle market is growing. The information ...
Daimler working with Korean EV battery makers
Daimler AG is working with South Korean battery makers, already using their technology for electric sport utility vehicles (SUVs) of Mercedes-Benz, ...
Genesis goes green as Hyundai Motor accelerates EV push
South Korea’s top automaker Hyundai Motor Co. on Thursday unveiled its vision for a sustainable future, in which all its new vehicles under th...
LG delays decision on battery unit IPO to Q4
LG Chem Ltd.’s battery unit LG Energy Solution Ltd. will not be listed on Kospi within the third quarter. Investors are keeping close eyes on ...
Chinese, Korean carmakers penetrate Japanese-dominated Indonesia
Hyundai Motor Co. is set to start producing automobiles in Indonesia around the end of this year to attract drivers in the Southeast Asia’s ...
S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair
South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...
Global automakers' new battle field: small EVs
Global automakers stop producing smaller cars among internal combustion engine models. The industry is facing difficulties to make profits from thos...
POSCO Chemical to expand EV battery materials capacity in China
South Korea’s POSCO Chemical is set to bolster production capacity of electric vehicle battery materials in China, the world’s top batte...
IAA Mobility 2021 to showcase global auto industry’s future technologies
The global auto industry is set to show off their muscle to fight for the future mobility market not only with new models but also technologies at t...
Shares of LG Chem, LG Electronics tumble on GM EV recall
Shares of LG Chem Ltd. and LG Electronics Inc. fell sharply on Monday in Seoul following General Motors Co.’s announcement on Friday that it w...
Hyundai Motor previews Genesis GV60, its first electric luxury CUV
Hyundai Motor Co. on Thursday unveiled the design of the GV60, the luxury Genesis brand’s first electric vehicle that sits on the E-GMP, the...
Hyundai to delay launch of IONIQ 6 for redesign, longer mileage
Hyundai Motor Co. will delay the much-anticipated launch of the IONIQ 6, the top South Korean automaker’s second all-electric vehicle on an ex...
Korean refiners log $3.4 bn profit on non-refining business
South Korean refiners enjoyed a $3.4 billion profit in the first half thanks to strong performance of non-refining business, swinging from a $4.5 bi...
IONIQ 5 becomes 4th-most sold EV in Norway in July
Hyundai Motor Co.’s first all-electric car IONIQ 5 is making a strong debut this year in Norway, the principal battlefield in Europe for globa...
Global carmakers to speed up EV push as governments pressure harder
US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...
Hyundai quadruples sales of eco-friendly cars in US
Hyundai Motor Co. has sold more than four times of eco-friendly cars in the US compared to last year. The company said on Aug. 5 that the number of ...
Korea July exports hit record on strong chip, auto demand
South Korea’s exports hit a record high in July on strong shipments of both main products such as cars and chips, as well as new growth ones i...
Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia
Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...
LG Elec completes stock deal with Magna for EV powertrain JV
LG Electronics Inc. completed a stock sale deal with Canadian auto parts maker Magna International Inc. for an electric vehicle (EV) powertrain join...
Surging battery material costs put roadblock to EV growth
Prices of core raw materials such as lithium and cobalt for electric vehicle (EV) batteries jumped to threaten the global auto industry’s key ...
Samsung SDI to build EV battery plant in US
Samsung SDI Co. plans to set up an electric vehicle (EV) battery plant in the US, joining South Korean battery producers’ move to gain ground ...
Hankook Tire to equip Volkswagen ID.4 with EV tires
South Korea’s top tire manufacturer Hankook Tire & Technology has again widened its client pool of electric vehicles (EVs). The company sa...
LG Group joins investment in EV battery startup SES
South Korea’s LG Group invested in an electric vehicle battery startup SES Holdings Pte (SES) in a bid to secure future growth business.LG Tec...
Samsung Electro-Mechanics targets EV parts
Samsung Electro-Mechanics, a South Korean electronic components maker, aims to expand its business in the booming electric vehicle (EV) parts market...
Debt-ridden Ssangyong to sell car plant in self-rescue drive
Ssangyong Motor Co., the debt-ridden South Korean unit of India’s Mahindra and Mahindra Ltd. now in court receivership, has decided to sell it...
Global EV race kicks off with key players investing $168 bn
The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...
POSCO Chemical to bolster EV presence with 60,000-ton cathode plant
POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...
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...
