China rules EV market with fleet sales; Hyundai targets retail

China rules EV market with fleet sales; Hyundai targets retail

Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...

SK On, Ford to set up battery JV in Turkey for Europe

SK On, Ford to set up battery JV in Turkey for Europe

South Korean battery maker SK On Co. and Ford Motor Co. will set up a joint venture to produce electric vehicle batteries in Turkey with a local com...

POSCO to build largest solid electrolyte plant for batteries

POSCO to build largest solid electrolyte plant for batteries

POSCO Group, the world’s sixth-largest steelmaker, said on March 14 it has started construction on a solid electrolyte manufacturing facilit...

Korea automakers fret over Yoon’s policy on combustion engine cars

Korea automakers fret over Yoon’s policy on combustion engine cars

South Korea’s automakers were on high alert as President-elect Yoon Suk-yeol pledged to ban new registrations of internal combustion engine ca...

IONIQ 5, Niro February sales beat global EVs in Europe

IONIQ 5, Niro February sales beat global EVs in Europe

Hyundai Motor Group’s electric vehicle sales in Europe are rapidly rising. Hyundai Motor Co.'s IONIQ 5, launched in Norway in May 2021, topped...

Kia aims to launch 14 all-electric models by 2027

Kia aims to launch 14 all-electric models by 2027

Kia Corp., South Korea’s second-largest automaker, said on Thursday it will launch 14 electric vehicles by 2027 with an aim to sell 1.2 millio...

Hyundai accelerates electrification strategy, targets 7% of EV market

Hyundai accelerates electrification strategy, targets 7% of EV market

South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...

POSCO Chem to expand low-expansion anode materials output

POSCO Chem to expand low-expansion anode materials output

South Korea’s POSCO Chemical Co. plans to fivefold production of low-expansion anode materials, high-value-added ingredients for electric vehi...

Hyundai Glovis aims to top global car transport market

Hyundai Glovis aims to top global car transport market

Hyundai Glovis Co., the world’s second-largest car shipping company, aims to top the industry with an expansion of its fleet, specializing in ...

Hyundai to set up EV chargers at Shell gas stations

Hyundai to set up EV chargers at Shell gas stations

Hyundai Motor Co. plans to set up chargers for electric vehicles at gas stations of Shell Inc. worldwide as South Korea’s top automaker aims t...

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

South Korean battery maker SK On Co. has narrowed bidders for its shares worth up to $3.3 billion to four candidates -- BlackRock, The Carlyle Group...

Korea’s trading firms set sights on EV parts production for growth

Korea’s trading firms set sights on EV parts production for growth

South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel Co. is supplying its newly developed ultra-high-strength steel sheets for car bodies to Hyundai Motor Co. for its electric vehicles an...

Hyundai to take fresh crack at Japan market with online EV sales

Hyundai to take fresh crack at Japan market with online EV sales

TOKYO – Hyundai Motor Co. is reentering the Japanese car market after a 12-year hiatus with its latest electric vehicles, as the growing deman...

With the Genesis GV60, you can charge without a plug

With the Genesis GV60, you can charge without a plug

Hyundai Motor Co. is rolling out a wireless charging system for its latest premium electric crossover, the GV60, amid intensifying competition among...

POSCO wins shareholder support to launch holding firm

POSCO wins shareholder support to launch holding firm

South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...

Samsung SDI in talks with global automaker for battery joint venture

Samsung SDI in talks with global automaker for battery joint venture

South Korea’s Samsung SDI Co. is in talks with a global automaker to launch a battery production joint venture following its partnership last ...

One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO

One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO

The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. has set a new record for initial public offering demand, wit...

2022 Mercedes EQS EV comes with LG's flexible OLED

2022 Mercedes EQS EV comes with LG's flexible OLED

The 2022 models of Mercedes-Benz AG's electric vehicle EQS will be equipped with infotainment systems co-developed with LG Electronics Inc., the Sou...

Hyundai Motor’s Alabama plant: World’s second most productive

Hyundai Motor’s Alabama plant: World’s second most productive

Hyundai Motor Co.'s US manufacturing plant in Montgomery, Alabama is the world’s second most productive assembly plant, contributing to the So...

Kospi short sales hit $639 mn amid rate hike woes

Kospi short sales hit $639 mn amid rate hike woes

Short selling on the Korean stock market is soaring rapidly on concerns over the US Fed Reserve’s interest rate hike. Particularly, a large ...

Hyundai Motor beats Honda in US for the first time in its 35 years there

Hyundai Motor beats Honda in US for the first time in its 35 years there

South Korea’s top automaker Hyundai Motor Group beat Japanese rival Honda Motor Co. in the US last year, for the first time in its 35 years of...

Hyundai revs up shares in Korean EV parts makers

Hyundai revs up shares in Korean EV parts makers

South Korea's electric vehicle components market is heating up as top automaker Hyundai Motor Group accelerates its transformation into an EV manu...

Hyundai Motor closes engine development division

Hyundai Motor closes engine development division

Hyundai Motor Group, South Korea’s top automaker, will stop developing new internal combustion engines in order to accelerate its transformati...

Samsung Elec launches dedicated team for China

Samsung Elec launches dedicated team for China

Samsung Electronics Co., South Korea’s top tech giant, has established a dedicated team for the Chinese market, where its smartphone and home ...

Robotics shares climb on back of Samsung interest

Robotics shares climb on back of Samsung interest

Shares of Korean robot makers jumped this week following a tech giant’s decision to extend resources on its robotics department. Invest...

China’s CSI, KRX to launch co-developed stock indices

China’s CSI, KRX to launch co-developed stock indices

China Securities Index Co. (CSI) and the Korea Exchange (KRX) are set to unveil three stock indices jointly developed for the first time on Dec. 20,...

Hyundai Motor to launch six EV models in India by 2028

Hyundai Motor to launch six EV models in India by 2028

South Korea's Hyundai Motor Co. will spend 40 billion rupees ($530 million) on research and development to launch six electric vehicle models in Ind...

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International Corp., the trading unit of South Korea’s steel giant POSCO, said on Thursday it has signed a $6 million contract to supply...

Hyundai launches electrified GV70’s global premiere in China to boost sales

Hyundai launches electrified GV70’s global premiere in China to boost sales

Hyundai Motor Co. has unveiled an electric variant of the GV70, a premium SUV under its standalone Genesis brand, for the first time globally at a C...

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