electric vehicle motors
Scope
Date
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Automobiles
Kia to ramp up Seltos output to meet high global demand
Kia Corp. will expand production of its compact sport utility vehicle, the Seltos, after selling 310,000 units of the model across the globe, making...
Mar 13, 2025 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor to build fuel cell plant in South Korea
Hyundai Motor Co. will build a local fuel cell plant in South Korea, accelerating its bid to create an entire hydrogen fuel cell value chain in line...
Mar 11, 2025 (Gmt+09:00)
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Future mobility
Hyundai, Avride join hands to develop autonomous robotaxis
Hyundai Motor Co. has agreed to partner with Avride, an autonomous driving technology startup, to develop driverless robotaxis based on all-electric...
Mar 06, 2025 (Gmt+09:00)
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Korean startups
Hyundai Motor spins off 4 in-house startups in energy, AI, mobility
South Korea’s auto behemoth Hyundai Motor Group has spun off its four in-house startups with innovative technologies in mobility, automation a...
Mar 04, 2025 (Gmt+09:00)
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Batteries
Hyundai, Samsung deepen ties to win humanoid race
South Korea’s household technology and automotive names Samsung and Hyundai have reinforced their alliance to capture the global humanoid robo...
Feb 25, 2025 (Gmt+09:00)
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Energy
Korea’s OCI, Israel’s Arava Power to jointly build solar cell plant in Texas
OCI Energy Co., a US subsidiary of South Korea’s OCI Holdings Co., and Israel’s Arava Power will jointly build a solar cell power plant ...
Feb 25, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor sets up AI research arm CoMo China
Hyundai Motor Co. in December established CoMo China in Shanghai to spearhead artificial intelligence research and development in its push for softw...
Feb 24, 2025 (Gmt+09:00)
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Corporate governance
Hyundai Motor taps ex-CPPIB private equity head Suyi Kim for board role
Hyundai Motor Co. has tapped Suyi Kim, former private equity head of the Canada Pension Plan Investment Board (CPPIB) and Benjamin Tan, an ex-portfo...
Feb 20, 2025 (Gmt+09:00)
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Artificial intelligence
AI data center with up to 3 gigawatts of power envisioned for South Korea
An investor group is planning one of the world’s largest data centers for artificial intelligence in South Korea, a sign of red-hot AI de...
Feb 20, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor launches future strategy division overseeing M&As
Hyundai Motor Group has created a future business strategy division that serves as a control tower for the automotive group’s expansion into n...
Feb 16, 2025 (Gmt+09:00)
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Asset management
US Capital Group raises stake in South Korea’s LS Electric
Capital Group Companies Inc. has increased its stake in LS Electric Co., a South Korean supplier to Elon Musk’s X.AI Corp., as the US asset ma...
Feb 07, 2025 (Gmt+09:00)
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Earnings
Hyundai Motor logs record sales for two straight years on SUVs, hybrids
South Korea’s top automaker Hyundai Motor Co. on Thursday posted its largest-ever sales for a second consecutive year, driven by robust sales ...
Jan 23, 2025 (Gmt+09:00)
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Energy
HD Hyundai Electric to invest $274 mn in transformer output ramp-ups
HD Hyundai Electric Co., a South Korean electric power equipment maker, plans to invest about half of its 2024 operating profit, estimated at 720 bi...
Jan 19, 2025 (Gmt+09:00)
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Automobiles
China's BYD enters S.Korean EV market
China’s electric vehicle (EV) giant BYD Co. officially debuts in the South Korean passenger car market on January 16. BYD's first-selling...
Jan 13, 2025 (Gmt+09:00)
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Automobiles
Hyundai Mobis to boost US production to cope with Trump
LAS VEGAS -- Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to beef up its US production to cope with President-elect Do...
Jan 12, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor, Nvidia team up for AI development for future mobility
South Korea’s top automaker Hyundai Motor Group said on Friday that it has teamed up with Nvidia Corp. to accelerate the development of advanc...
Jan 10, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor vows record investment of $16.7 bn in South Korea
Hyundai Motor Group will invest 24.3 trillion won ($16.7 billion) this year in South Korea, the largest-ever annual investment in its home country, ...
Jan 09, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor: First auto brand available for purchase on Amazon Autos
You can now buy a Hyundai on Amazon.You read that right. You can buy a vehicle on the same site where you purchase dinosaur balloons and roller skat...
Jan 08, 2025 (Gmt+09:00)
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Korean startups
Hyundai Motor to introduce 10 startups in robotics, AI at CES 2025
Hyundai Motor Group, which has been promoting open innovation through generous investment in startups with promising technologies, will lead 10 cher...
Jan 06, 2025 (Gmt+09:00)
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Korean chipmakers
Samsung, Hyundai Motor eye tech alliance on autonomous vehicle chips
South Korea’s top automaker Hyundai Motor Co. will likely entrust the manufacturing of its automotive chips for self-driving vehicles to Samsu...
Dec 18, 2024 (Gmt+09:00)
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Automobiles
S.Korea's personal mobilities firm GCoo enters Africa
South Korean personal mobility (PM) company Gbike, the operator of PM sharing service platform Gcoo, said on Wednesday it started the electric kick ...
Dec 18, 2024 (Gmt+09:00)
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Social media
Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim
The Seoul Metropolitan Police Agency has launched an investigation into social media accounts pretending to be Hyundai Motor Group advisor Sung Kim,...
Dec 16, 2024 (Gmt+09:00)
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Automobiles
Korea’s commercial vehicle sales tumble on economic slowdown
South Korea’s commercial vehicle sales are plunging on sluggish domestic demand amid a slowdown in Asia’s fourth-largest economy.Local s...
Dec 12, 2024 (Gmt+09:00)
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IPOs
LG Electronics embarks on Indian unit's $1.8 bn IPO
LG Electronics India Pvt., wholly owned by LG Electronics Inc., has embarked on the process of going public to raise up to 2.6 trillion won ($1.8 bi...
Dec 09, 2024 (Gmt+09:00)
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Energy
Samsung C&T, Sweden's Karnfull Next to team up for SMR
South Korea's Samsung C&T Corp. said Friday it signed a memorandum of understanding (MOU) with Swedish energy company Karnfull Next AB to jointl...
Dec 06, 2024 (Gmt+09:00)
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Batteries
POSCO Pilbara completes Gwangyang lithium hydroxide plant
South Korea's POSCO Pilbara Lithium Solution Co., a subsidiary of POSCO Group, said on Friday the completion of its second rock-based lithium hydrox...
Dec 02, 2024 (Gmt+09:00)
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Aerospace & Defense
STX to export $60 mn wheeled armored vehicles to Peru
STX Corp., a South Korean general trading company, said on Monday it signed a contract with Fábrica de Armas y Municiones del Ejé...
Dec 02, 2024 (Gmt+09:00)
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Robotics
Hyundai Motor, Kia unveil wearable robot X-ble Shoulder
Hyundai Motor Co. and Kia Corp. unveiled the wearable robot X-ble Shoulder at Wearable Robot Tech Day held at the Hyundai Motorstudio Goyang, Gyeong...
Nov 28, 2024 (Gmt+09:00)
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Shareholder value
Hyundai Motor to buy back $720 mn in shares
Hyundai Motor Co. said on Wednesday it will buy back 1 trillion won ($720 million) in shares in line with the government campaign to unlock corporat...
Nov 27, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor to invest $479 million in Malaysia
Hyundai Motor Co. said on Tuesday that it plans to invest $479 million in Malaysia over five years, starting in 2025.The South Korean automaker stat...
Nov 26, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet