Carmakers to expand affordable EV, hybrid lineups in Korea

Carmakers to expand affordable EV, hybrid lineups in Korea

Carmakers in South Korea are slated to unveil new electric vehicle models at cheaper prices next year to revive the sputtering EV market and also ro...

LG Uplus, Toyota Motor Korea team up for EV chargning

LG Uplus, Toyota Motor Korea team up for EV chargning

South Korea's LG Uplus Corp. announced on Monday that it formed a partnership with Toyota Motor Korea to expand electric vehicle (EV) charger infr...

Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years

Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, are set to export more than 2 million cars in 2023 for the first time i...

POSCO International foresees record-high profits for 2023

POSCO International foresees record-high profits for 2023

POSCO International Corp., a South Korean general trading and energy exploration company, is expected to post its highest-ever profits this year tha...

New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz

New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz

As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...

LG, Poland’s ICPT in mega-million-dollar battery module supply deal

LG, Poland’s ICPT in mega-million-dollar battery module supply deal

South Korea’s LG Energy Solution Ltd. said on Friday it has signed a multiyear deal to supply battery modules to Poland’s Impact Clean P...

Kia EV9 selected safest car in Europe

Kia EV9 selected safest car in Europe

Kia EV9, the flagship large all-electric sport utility vehicle (SUV) of South Korea’s No. 2 automaker Kia Corp., received five stars in the Eu...

LG Energy, KAIST develop Li-Metal battery tech for improved EV range

LG Energy, KAIST develop Li-Metal battery tech for improved EV range

South Korea’s LG Energy Solution Ltd. and the Korea Advanced Institute of Science & Technology (KAIST) have developed a lithium-metal batt...

Samsung SDI forms ASB commercialization team

Samsung SDI forms ASB commercialization team

South Korea’s Samsung SDI Co. formed a new team to promote the commercialization of the all-solid-state battery (ASB), the so-called “ba...

POSCO International wins green car parts orders from US, Europe

POSCO International wins green car parts orders from US, Europe

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is accelerating i...

Genesis GV60 named best SUV in China

Genesis GV60 named best SUV in China

Hyundai Motor Co.'s premium brand Genesis announced on Wednesday that its luxury mid-sized electric sports utility vehicle (SUV) GV60 was selected a...

Hanwha to boost battery production equipment business

Hanwha to boost battery production equipment business

Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is working to bolster its secondary battery manufacturing equipment business wi...

IONIQ 5, Sportage named safest cars by IIHS

IONIQ 5, Sportage named safest cars by IIHS

Hyundai Motor Co. 's crossover electric vehicle (EV) sport-utility vehicle (SUV) IONIQ 5 and Kia Corp. 's best-selling SUV Sportage earned a Top S...

EcoPro BM hits $34 billion jackpot to supply cathodes to Samsung SDI

EcoPro BM hits $34 billion jackpot to supply cathodes to Samsung SDI

EcoPro BM Co. has signed a 44 trillion won ($34 billion) to supply cathodes to Samsung SDI Co. for five years, deepening their alliance and betting ...

STX acquires 20% stake in lithium iron phosphate battery maker IBT

STX acquires 20% stake in lithium iron phosphate battery maker IBT

STX Corp., a South Korean general trading company, announced on Friday that it has signed a stock purchase agreement to acquire a 20% stake in the b...

LG Energy's new CEO aims to focus on qualitative growth

LG Energy's new CEO aims to focus on qualitative growth

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, is set to focus on qualitative growth by securing leading ...

GM asks LG Energy to share huge portion of US EV tax benefits

GM asks LG Energy to share huge portion of US EV tax benefits

General Motor Co., the leading US automaker, has asked LG Energy Solution Ltd., the world’s second-largest electric vehicle battery manufactur...

Hyundai IONIQ 5 N named 2023 Car of the Year by TopGear

 Hyundai IONIQ 5 N named 2023 Car of the Year by TopGear

South Korea's Hyundai Motor Group announced on Thursday that Hyundai Motor Co.'s IONIQ 5 N electric vehicle has been named Car of the Year and Kia C...

POSCO completes construction of Korea’s 1st lithium hydroxide plant

POSCO completes construction of Korea’s 1st lithium hydroxide plant

POSCO Holdings Inc., the investment and holding company of South Korea’s steel giant POSCO, said on Wednesday it has completed the constructio...

Dongkuk CM develops world's first recycled color-coated steel sheets

Dongkuk CM develops world's first recycled color-coated steel sheets

Dongkuk Coated Metal Co. (Dongkuk CM), a cold-rolled steel subsidiary of Dongkuk Steel Mill Co., announced on Wednesday that it has succeeded in dev...

Iljin Electric bags $333 mn high-voltage transformer deal in US

Iljin Electric bags $333 mn high-voltage transformer deal in US

Iljin Electric Co. has won its largest-ever 431.8 billion won ($333.2 billion) order to supply high-voltage transformers to a US energy company, the...

Hyundai Motor’s Uniwheel offers new paradigm for future mobility

Hyundai Motor’s Uniwheel offers new paradigm for future mobility

Mobility has evolved at an incredible pace over the years. But there’s one thing that hardly changes – the configuration of the drivetra...

Lotte Chem develops tech to improve EV battery durability

Lotte Chem develops tech to improve EV battery durability

Lotte Chemical Corp. said on Tuesday it has developed a technology to improve the durability of electric vehicle cell materials by enhancing the sta...

Sodium-ion batteries emerge as alternative to lithium, LFP batteries

Sodium-ion batteries emerge as alternative to lithium, LFP batteries

Sodium-ion batteries (SIBs) are emerging as an alternative to lithium-ion batteries, currently dominating the rechargeable battery market for electr...

EcoPro Materials' Kospi debut draws investors for short-term gains

EcoPro Materials' Kospi debut draws investors for short-term gains

Shares in EcoPro Materials Co., South Korean battery materials maker EcoPro Group’s unit that went public on Nov. 17, are skyrocketing as reta...

Car sales may sputter in 2024 amid EV policy risk: Research

Car sales may sputter in 2024 amid EV policy risk: Research

The global automobile market is on track to recover to pre-pandemic levels this year and is expected to grow at a moderate pace amid a prolonged eco...

L&F to invest $1.9 bn to build key battery materials plants

L&F to invest $1.9 bn to build key battery materials plants

DAEGU, South Korea – L&F Co., South Korea’s major cathode supplier seeking to transform into a comprehensive battery materials produ...

SK Group to buy 537 GWh green power from SK E&S

SK Group to buy 537 GWh green power from SK E&S

South Korea’s second-largest conglomerate SK Group is accelerating its net zero transition with its affiliates agreeing to buy 537 gigawatts h...

Hyundai Kona Electric beats Honda in German test

Hyundai Kona Electric beats Honda in German test

Hyundai Motor Co. announced on Friday that its best-selling electric vehicle (EV) compact sports utility vehicle (SUV) Kona Electric received higher...

Hyundai to build EV battery pack plant in India by 2025

Hyundai to build EV battery pack plant in India by 2025

South Korea’s top automaker Hyundai Motor Co. is set to invest 7 billion rupees ($84 million) to build an electric vehicle battery pack assemb...

Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike With waning MZ interest, is heyday over for S.Korea’s golf apparel market? LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart