Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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[Herald Interview] Why Toss invited hackers to penetrate its system
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Hyundai Motor chair wins top UK royal honor
Hyundai Motor Group Executive Chair Chung Euisun has received the Order of the British Empire from Britain's King Charles III, the carmaker said Wednesday. Among the five classes of the order, Chung was awarded the Honorary Commander of the Most Excellent Order of the British Empire. Colin Crooks, British ambassador to the Republic of Korea, delivered the medal on behalf of the king at the British Embassy in Seoul. Chung was recognized for his accomplishments in low-carbon mobility expans
Nov. 15, 2023
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[KH explains] Chinese battery makers gobbling up Korean rivals’ European market share
Amid a supply glut at home, Chinese battery makers are extending its reach deeper into Europe, the world’s second-largest market for electric vehicles where their Korean rivals used to be clear dominant players. Up until two years ago, Korea’s LG Energy Solution, Samsung SDI and SK On owned a combined 70.6 percent of Europe’s burgeoning EV battery market, while Chinese firms had a tiny 6.7 percent, according to market tracker SNE Research. Led by world No. 1 battery manufacture
Nov. 14, 2023
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SK On to furlough workers, cut production at US plant
SK Battery America, SK On’s US subsidiary, will furlough workers at its battery plant in Jackson County, Georgia, and cut down production amid the sluggish electric vehicle market, the South Korean battery maker said Tuesday. “SK Battery America is temporarily adjusting its line operations and furloughing a portion of our production employees,” said SK On. “We have taken the decision as a part of our efforts to optimize line operations and workforce management with flexib
Nov. 14, 2023
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[Photo News] Hyundai EV repair services ready
Hyundai Motor Company said Tuesday that the automaker has set up repair and check-up services for its electric vehicles at over 1,000 repair shops across the country. Named Bluehands, the repair shops have a separate station designed for EVs and at least one technician who has received the Hyundai Master Certification Program Electrified, a company-approved certificate for EV maintenance. The automaker said it plans to keep the EV maintenance services going at Bluehands for EV owners. (Hyundai M
Nov. 14, 2023
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Responding to expanding vehicle cybersecurity needs, the core of CSMS and ISO/SAE 21434
Until five years ago, carmakers were hesitant to introduce cybersecurity measures in vehicles despite being aware of their necessity due to cost issues. However, when the European Union introduced cybersecurity regulations in 2022, it became virtually impossible to enter the European market without meeting the new standards. The change has made cybersecurity an essential element to ensure the survival of carmakers. The advancements in vehicle software, diversification of vehicles’ function
Nov. 14, 2023
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[From the Scene] Building 100-year heritage: Hyundai starts work on Ulsan EV plant
ULSAN – Hyundai Motor Group on Monday broke ground for a new plant at home – the first in 29 years – solely dedicated to producing electric vehicles. Earlier in the day, the world’s third-largest carmaker held a groundbreaking ceremony for the new plant in Ulsan, South Gyeongsang Province, one of its key production and export sites, with its top executives, including Executive Chair Chung Euisun, in attendance. The EV plant will be built on a 548,000-square-meter site, ne
Nov. 13, 2023
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[Photo News] Hyundai on top again
Hyundai Motorsport's customer racing team BRC Hyundai N Squadra Corse scored its fourth win of the season at the eighth round of the 2023 Kumho TCR World Tour, at the Mount Panorama Motor Racing circuit in Australia over the weekend, the South Korean automaker said Monday. Driver Norbert Michelisz crossed the finish line first in Race 2 in his Elantra N TCR to secure his third victory of the season. (Hyundai Motor Group)
Nov. 13, 2023
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Hyundai stands as No. 2 EV player in U.S. market despite IRA
South Korea's Hyundai Motor Group stands as the second-largest player in the U.S. market for electric vehicles (EVs) despite concerns surrounding Washington's protectionism policy, data showed Sunday. Hyundai Motor Co. took up 4.8 percent of the U.S. EV market in the January-September period, with its smaller sister Kia Corp. accounting for 2.7 percent, according to U.S. magazine Automotive News. Their combined market share came to 7.5 percent, or 64,000 units, taking up the second-l
Nov. 12, 2023
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[Test Drive] Torres EVX presents all-around electric SUV
The Torres EVX, KG Mobility’s all-electric sport utility vehicle boasting well-rounded features, is poised to win the hearts of consumers looking for an affordable, multifunctional SUV powered by electricity. The Korea Herald had a closer look at the electric SUV and got behind the wheel during a test drive over a course of about 66 kilometers on Wednesday. The Korean automaker began mass production of the Torres EVX in early November. At first glance, the Torres EVX has similar vibes to t
Nov. 12, 2023
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Sales of diesel vehicles down through Q3 amid EV popularity
Sales of diesel automobiles built by local manufacturers fell more than 20 percent on-year through the third quarter of 2023, data showed Sunday, amid the rising preference for electric vehicles in the market. South Korea's five carmakers sold 76,367 units of diesel passenger cars over the January-September period, down from 97,235 tallied a year earlier, according to the data compiled by the Korea Automobile Manufacturers Association. By model, sales of diesel models of Hyundai Motor Co.
Nov. 12, 2023
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CATL reduces gap with LG Energy Solution
South Korean battery makers are feeling the heat from the surge of Chinese competition, as Chinese battery giant CATL continues to expand its global presence outside its home turf. According to Korean market tracker SNE Research on Thursday, CATL’s worldwide battery usage outside China reached 64 gigawatt-hours from January to September this year, jumping 104.9 percent from the same period last year. The Chinese company’s global market share rose by almost 7 percentage points to be o
Nov. 9, 2023
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[Herald Interview] South Carolina joins race to lure Korean battery makers
Amid intensifying competition among US states to attract Korean battery makers' job-creating production bases, South Carolina and its largest metropolitan region, Charleston, have put their hats in the ring to seek possible business opportunities riding high on the boom in vehicles fueled by the new energy source. “We’ve discussed potential partnerships with (some of the) Korean battery manufacturers like LG Energy Solution, Samsung SDI and SK On,” said Joseph Affsprung, g
Nov. 9, 2023
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Renault Korea CEO pledges to accelerate future mobility transition
Renault Korea Motors CEO Stephane Deblaise has pledged to ramp up the transition to electric vehicles with cutting-edge hybrid car technologies, the company said Wednesday. With additional investments, the company will add hybrid cars to its Busan plant production lineup, Deblaise was quoted as saying at the Invest Korea Summit 2023 that wrapped up Wednesday in Busan. No time frame was mentioned. Under the vision of a “thriving automotive tech company,” the CEO added the carmaker has
Nov. 8, 2023
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Samsung SDI, Volvo Trucks vow to enhance battery partnership
Samsung SDI said Tuesday it is bolstering ties with Volvo Trucks as the two companies celebrate the fifth anniversary of their partnership this year. Samsung SDI CEO Choi Yoon-ho and Martin Lundstedt, CEO and president of Volvo Group, as well as other company officials participated in the celebratory event held at the Korean battery maker’s Cheonan plant in South Chungcheong Province last month. Aside from battery-powered trucks, the two vowed to enhance their partnership on constructi
Nov. 7, 2023
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SK On to supply EV batteries to Polestar from 2025
South Korean battery maker SK On said Monday it has clinched a deal with Swedish carmaker Polestar to supply its premium electric vehicle batteries. Under the agreement, the battery manufacturer will supply nickel, manganese and cobalt (NCM) batteries for the Polestar 5, the full-electric version of the carmaker's four-door coupe, from 2025. The size of the deal was not disclosed. The company said the partnership shows that the demand for high-performance NCM batteries is still high in the
Nov. 6, 2023
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Hyundai to develop own cheaper batteries for EVs
Hyundai Motor Group is expected to develop its own price-competitive lithium iron phosphate, or LFP, batteries for electric vehicles late next year to reduce dependence on China-made batteries, industry sources said Monday. According to media reports, under the two-year joint project with Korea-based battery makers that started this year, Hyundai will complete development of LFP batteries in 2024. The batteries will be installed in Hyundai and Kia’s small and entry-level electric cars and
Nov. 6, 2023
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[Test Drive] Upgraded Polestar 2 dons Iron Man mask
The upgraded Polestar 2 offers longer driving distance with stronger performance and looks to woo trend-conscious, younger customers with a more minimalistic design than ever. The Korea Herald had a chance to check out the Swedish electric vehicle maker’s newest product in the country during a test drive over a course of about 100 kilometers last week. The EV was launched in the country on Oct. 26. The upgraded Polestar 2 inherits the design philosophy of the Polestar 3, the brand’s
Nov. 6, 2023
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Hyundai, Kia report robust EV US sales, shrug off impact of IRA
Hyundai Motor Group reported robust growth in electric vehicle sales in the US this year, shrugging off the impact of not being eligible for consumer tax credits for EVs under the Inflation Reduction Act. According to the carmaker Sunday, Hyundai and Kia sold a combined 77,772 EVs in the US during the January-October period this year, a 53.7 percent surge from a year ago. Hyundai alone sold 51,563 vehicles, more than doubling from the same period last year. The carmaker’s cumulative EV sal
Nov. 5, 2023
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Volvo expands presence in Korean market
Volvo is putting the pedal to the metal as it inches closer and closer to overtaking Audi’s third place in South Korea’s auto import market that has long been led by the three German brands: Mercedes-Benz, BMW and Audi. According to the Korea Automobile Importers and Distributors Association’s monthly report released Friday, the Swedish automaker sold 1,263 units in the country in October. Audi which sold 1,141 vehicles in the same period. With that, Volvo Cars Korea became the
Nov. 3, 2023
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KG Mobility, BYD bolster ties on EV batteries, hybrids
KG Mobility, formerly known as Ssangyong Motor, has clinched a deal with China-based electric vehicle maker BYD to set up a new EV battery pack manufacturing plant and develop a hybrid car system in Korea. KG Mobility Chairman Kwak Jae-sun, KG Mobility CEO Chung Yong-won, BYD Chairman Wang Chuanfu, BYD subsidiary FinDreams Battery Chairman He Long and other executives from the two companies participated in the signing ceremony held at BYD's headquarters in Shenzhen, China on Wednesday. &ldq
Nov. 2, 2023