automotive
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Hyundai, Kia on course for record 2024 US sales, led by SUVs, hybrids
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The Hyundai Tucson SUV hybrid South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle…
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LG Energy set to acquire GM’s $1 bn stake in Ultium JV plant in Michigan
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LG Energy Solution’s lithium-ion polymer batteries South Korea’s LG Energy Solution Ltd. plans to acquire General Motors Co.’s stake in…
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LG Group affiliates unveil value-up plans
in NewsLG Group affiliates— LG Display Co., LG Innotek, LG Chem Ltd., and LG Energy Solution Ltd. —unveiled their ambitious growth…
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Samsung Electro-Mechanics gets European certification for camera SW
in NewsSouth Korea’s Samsung Electro-Mechanics said on Wednesday it obtained Automotive SPICE (A-SPICE) Level 3 certification for its vehicle camera modules.…
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Hyundai Mobis aims to expand non-captive sales to 40% as it goes global
in NewsHyundai Mobis CEO Lee Gyu-suk unveils the company’s long-term business strategy at the firm’s CEO Investor Day 2024 South Korea’s…
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Tesla asks Samsung, SK Hynix to supply HBM4 chip samples
in NewsTesla’s cyber truck displayed at Korea’s Future Innovation Tech Expo 2024 in Daegu on Oct. 23, 2024 (Courtesy of News1…
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Hyundai Motor taps US unit chief José Muñoz as new CEO
in NewsJosé Muñoz, Hyundai Motor’s incoming CEO, enters a hotel in Seoul to attend the US-Japan-Korea Trilateral Executive Dialogue (TED) meeting…
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Hyundai Glovis to build logistics complex in Korea’s top port city
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Busan New Port (File photo by Busan Port Authority) Hyundai Glovis Co., the logistics unit of the world’s third-largest carmaker…
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Hyundai Mobis develops leaf spring with advanced materials
in NewsSouth Korea’s Hyundai Mobis, the world’s fifth-largest auto parts supplier, said on Monday that it developed a leaf spring using…
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LG Display develops industry’s most flexible display
in NewsLG Display’s stretchable display (Courtesy of LG Display) LG Display Co., South Korea’s leading display maker under LG Electronics Inc.,…
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LG Electronics accelerates foray into private 5G service
in NewsAutomated guided vehicles (AGVs) run on LG Electronics’ private 5G network (Courtesy of LG Electronics) LG Electronics Inc.’s push to…
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LG Energy to supply EV batteries to Rivian in $6.7 bn deal
in NewsThe Rivian R2 electric SUV to be equipped with LG Energy’s batteries (File photo downloaded from Rivian’s website) LG Energy…
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LG unveils AI-powered commercial washers, dryers in renewed B2B push
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LG showcases a new lineup of AI-powered large commercial washers and dryers at Texcare International 2024 in Frankfurt, Germany South…
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Hyundai, Kia gets triple A credit rating from S.Korean agencies
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Hyundai Motor Co. and Kia Corp. said on Monday they received AAA ratings, with Stable outlooks for both companies, from…
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Hyundai unveils Initium hydrogen FCEV concept, set to arrive in 2025
in NewsHyundai Motor’s Initium FCEV concept unveiled on Oct. 31, 2024 South Korea’s top automaker Hyundai Motor Co. on Thursday unveiled…
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LG Chem strengthens automotive adhesives biz
in NewsSouth Korea’s LG Chem Ltd., the world’s fourth-largest chemical manufacturer, said on Wednesday it will expand into the automotive adhesives…
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Samsung Securities lowers Samsung Electro-Mechanics target price
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Samsung Electro-Mechanics Suwon Campus South Korea’s Samsung Securities lowered its target price for Samsung Electro-Mechanics Co. to 160,000 won ($120)…
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Korea’s POSCO, India’s JSW team up to build steel plant in Odisha
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JSW Group Chairman Sajjan Jindal (left) and POSCO Group Chairman Chang In-hwa shake hands after signing a memorandum of understanding…
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Toyota, Hyundai agree to deepen ties in hydrogen, robotics
in NewsHyundai Motor Group Executive Chair Chung Euisun (4th from left) and Toyota Motor Chairman Akio Toyoda (4th from right) pose…
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Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32%
in NewsKia’s EV-dedicated plant in Gwangmyeong, Gyeonggi Province (Courtesy of Kia) Kia Corp., South Korea’s No. 2 carmaker after Hyundai Motor…
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Hyundai Motor Group wins Cars.com’s 2025 Top Pick EV Awards
in NewsHyundai Motor’s IONIQ 6 Hyundai Motor Group said on Wednesday Hyundai Motor Co. ‘s IONIQ electric vehicles (EVs) and Kia…
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LG Energy, Stellantis’ EV battery JV in Canada mass-produces modules
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NextStar, a joint venture between LG Energy and Stellantis, begins the mass production of EV battery modules (Courtesy of Yonhap)…
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LG Electronics unveils value-up plans; begins Indian arm IPO process
in NewsPark Hyoung-sei, head of LG Electronics’ home entertainment division, speaks at the company’s webOS Summit 2024 in Incheon, South Korea,…
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Hyundai AutoEver SW platform gets A-SPICE level 3 certification
in NewsSouth Korea’s Hyundai AutoEver Corp. said on Tuesday that its Mobilgene Classic 2.0 software platform has become the first in…
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Samsung SDS, Ansys Korea to collaborate on cloud solutions
in News
South Korea’s Samsung SDS Co. said on Tuesday it signed a memorandum of understanding (MOU) with Ansys Korea to strengthen…
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S.Korea’s exports fall 3% in first 20 days of October; chip sales strong
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Semiconductors are South Korea’s top export items South Korea’s exports, the country’s main growth driver, fell 2.9% in the first…
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Samsung primed for graphics chip leadership with 24 Gb GDDR7
in NewsSamsung’s 24 Gb GDDR7 DRAM Samsung Electronics Co., the world’s largest memory chipmaker, has unveiled the industry’s first 24 gigabit…
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Hyundai-owned Boston Dynamics, Toyota team up for humanoid robots
in News
Boston Dynamics’ humanoid robot Atlas South Korea’s Hyundai Motor Co. and Japan’s Toyota Motor Corp., the world’s No. 3 and…
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Apparel maker Hansae sets sights on auto parts business as growth driver
in NewsHansae Yes24 Holdings Co. Vice Chairman Kim Suk-hwan speaks at the firm’s global investor relation session in Vietnam HO CHI…
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Hyundai Mobis to invest $257 mn in EV parts plants in Slovakia
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Hyundai Mobis CEO Lee Gyusuk (left) and Slovak Prime Minister Robert Fico attended the signing ceremony for investments in EV…
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LG Energy to supply batteries for Ford electric commercial vehicles
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The E-Transit, Ford’s all-electric van, which is expected to be equipped with LG Energy’s batteries (File photo downloaded from Ford’s…
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Kia releases 2025 model year of Carnival
in NewsKia’s The 2025 Carnival (Courtesy of Kia) Kia Corp., South Korea’s second-largest automaker, said on Monday it will release The…
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Hyundai Mobis, Zeiss to mass-produce holographic HUDs in 2027
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The rendering of the Hyundai Mobis-Zeiss holographic ‘windshield’ HUD system (Screenshot captured from Hyundai Mobis website) South Korea’s Hyundai Mobis…
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Supernal aims to launch flying cars at LA 2028 Olympics
Supernal debuts S-A2, its upgraded eVTOL flying-car concept, at CES 2024 Supernal LLC, the US-based urban air mobility (UAM) unit…
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LG Electronics doubles down on B2B business
LG MAGNIT Micro LED display (Courtesy of LG Electronics) LG Electronics Inc., a leading South Korean home appliance maker seeking…
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HL to acquire French parking robot firm Stanley Robotics for $24 million
Stan, valet parking robot by Stanley Robotics (Courtesy of Stanley Robotics) HL Group, the construction-to-auto parts conglomerate in South Korea,…
