P&O Chemicals completes pitch plant for cathode materials
South Korea's P&O Chemical, a joint venture of POSCO Future M Co. and OCI Holdings Co. completed the pitch plant in Tancheon Industrial Complex,...
LG Energy, Ford’s battery JV in Turkey scrapped as EV uptake slows
A planned battery manufacturing joint venture between South Korea’s top battery maker LG Energy Solution Ltd., US carmaker Ford Motor Co. and ...
Kia’s new Carnival RV rides on growing popularity of hybrid cars
Kia Corp., South Korea’s second-largest automaker, is riding on the growing popularity of hybrid vehicles as pure electric vehicle uptakes slo...
Polestar 4 EV to be built at Renault’s Korean plant from 2025
Swedish electric vehicle maker Polestar will build its upcoming Polestar 4 SUV coupe at Renault Group’s manufacturing plant in South Korea fro...
Hankook Tire develops AI-based EV customer analysis system
South Korea's Hankook Tire & Technology announced on Thursday that it has developed a voice of the customer (VOC) analysis system for electric v...
POSCO Int’l to invest $519 mn in EV parts output expansion
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., plans to spend 680 billion won ($519....
VCs give thumbs up to EV, parts/materials, travel tech
The venture capital funding crunch has continued through this year in South Korea but VCs have raised their stakes in select companies in the electr...
POSCO International wins $761 mn EV parts supply deal from US carmaker
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., has won a 1 trill...
Hyundai Mobis raises $940 mn via loan for EV parts plants in US
Hyundai Mobis Co., an auto part-making unit of Hyundai Motor Group, has raised $940 million via an overseas loan to build facilities for its electri...
Used electric vehicle prices drop in Korea with declining EV appeal
Prices of secondhand electric vehicles are falling in South Korea as drivers are increasingly less enchanted with eco-friendly vehicles due to weak ...
LX International to buy Indonesia's PT AKP for nickel mining
LX International Corp., the trading unit of South Korea’s LX Group, said on Tuesday it is slated to acquire a 60% stake in Indonesian miner PT...
LG Energy, SK On to delay battery JVs with Ford as demand slows
South Korea’s leading battery makers are postponing their plans to start operations of their joint ventures with Ford Motor Co. as the growth ...
SK On signs deal to supply NCM battery cells to Sweden’s Polestar 5 EV
SK On Co., the battery-making affiliate of South Korea’s SK Group, has signed a deal to supply nickel-cobalt-manganese (NCM) battery cell modu...
SK Innovation targets profit from EV battery unit in Q4
SK Innovation Co., South Korea’s top energy company, said its electric vehicle (EV) battery subsidiary aims to turn to the black in the fourth...
Hyundai Motor, Kia's US electric vehicle sales at record-high in October
South Korea's Hyundai Motor Group set a historic sales record in the US electric vehicle market, posting its best-ever performance in October. The a...
Hyundai bets big on deep discounts to survive EV plateau
Hyundai Motor Co. is going all out to revive drivers’ interest in electric vehicles with significant price cuts in the US, the world’s s...
Korea Investment raises $400 mn to expand US assets
Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US ...
Korea Investment, Carlyle Group sign strategic partnership
Korea Investment & Securities Co. announced on Friday it has signed a strategic partnership with Carlyle Group, one of the world's leading priva...
Hyundai’s record Q3 profit beats Samsung; no EV output cut planned
Hyundai Motor Co. on Thursday posted its highest-ever quarterly operating profit for the July-September period, driven by robust sales of pricey car...
POBA to increase long-term private credit investments
South Korea’s Public Officials Benefit Association (POBA) will step up its private credit and bonds until next year as it expects high interes...
LG Energy Solution to start producing cheaper EV batteries
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to manufacture cheaper EV batteries such as lithium ...
Mobile carrier LG Uplus makes inroads into EV charger market
LG Uplus Corp., South Korea’s mobile and broadband service provider, has released the prototype of its first electric vehicle charger to make ...
China’s graphite export curbs deal blow to Korean battery sector
South Korean electric vehicle battery and battery component makers are fretting over the Chinese government’s impending restrictions on export...
Hyundai, Kia aim for 20% share in Middle East with EVs by 2030
Hyundai Motor Co. and its sibling Kia Corp. together target selling 550,000 cars annually in the Middle East by 2030 to control about 20% of the reg...
Samsung eyes next-generation 5 nm eMRAM auto chip by 2027
Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it aims to develop a next-generation 5-nanometer-processed aut...
POSCO Int’l completes Mexico EV motor core plant for N.American market
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., concluded construction on an electric...
LG Innotek gains int'l licensor status for EV charging tech
South Korean electronic parts maker LG Innotek has received global recognition for its international standard patents for electric vehicle (EV) char...
Korea’s battery trio aims to outsmart Chinese rivals in US
South Korea’s three major battery makers — LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. — recently came under renewed pr...
LG Energy barely fends off CATL in global EV battery market
LG Energy Solution Ltd. retained the top position in the global electric vehicle battery market excluding China in the first eight months of this ye...
Kia holds first Global Distributors Convention in 5 years
South Korea's Kia Corp. held a global distributors convention for the first time in five years, sharing medium to long-term business strategies, inc...
