Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
[Photo News] Best mechanic skills
Participants of Hyundai Motor Group’s 14th World Skill Olympics, the biannual competition event for car maintenance technicians, pose for a photo in Cheonan, South Chungcheong Province, Thursday. This year, Haydar Ali from Indonesia won first place among the 75 participants from 56 countries in Europe, Central America and Southeast Asia. Since 1995, the annual event has evaluated mechanics’ skills in diagnosing and fixing problems with international combustion engine cars and, more
Oct. 27, 2023
-
Hyundai Motor posts record Q3 earnings on upbeat US sales
Hyundai Motor Group said Thursday it hit record earnings in the third quarter thanks to all-time high sales in the US market. The company’s operating profit from July to September skyrocketed 146.3 percent from last year to 3.8 trillion won ($2.8 billion), its highest figure since 2011. Its sales revenue increased 8.7 percent to 41 trillion won in the same period. The world’s third-largest carmaker sold a total of 1.04 million cars abroad and within Korea, a 2 percent jump from a yea
Oct. 26, 2023
-
Samsung SDI logs record-high Q3 sales on solid EV battery demand
Samsung SDI said Thursday it has posted a record-high revenue in the third quarter, driven by upbeat sales of electric vehicle batteries. In the July–September period, the company’s revenue surged 10.8 percent on-year to 5.9 trillion won ($4.4 billion), mostly boosted by increased sales of prismatic and cylindrical batteries cells for EVs which saw a 60 percent jump in profit and a 9.3 percent operating profit margin. Its operating profit decreased 12.3 percent to 496 billion won in
Oct. 26, 2023
-
LG Energy Solution ups ante in price war against Chinese rivals
LG Energy Solution plans to boost production of price-competitive electric vehicle batteries -- including lithium iron phosphate (LFP) batteries -- in a move to expand its footing in the low-cost EV market dominated by Chinese rivals, the company said in its third quarter earnings call on Wednesday. “We plan to launch LFP batteries, and LFMP and manganese-rich batteries in 2026 and 2027, respectively to strengthen our low-priced battery product portfolio,” said Lee Chang-sil, chief f
Oct. 25, 2023
-
Hyundai looks to repeat late founder’s Mideast success with EVs, hydrogen
Hyundai Motor Group is venturing into the Middle East as it explores new business opportunities with cutting-edge technologies in the region, looking to recreate the pioneering legacy of Chung Ju-yung, Hyundai Group’s late founder. During President Yoon Suk Yeol's state visit to the Middle East, the South Korean conglomerate announced a series of agreements and contracts to set up a new manufacturing plant for electric vehicles and cooperate in the eco-friendly energy sector with effo
Oct. 24, 2023
-
Samsung, Hyundai ink first EV battery deal
Samsung SDI said Monday it has clinched a deal to supply electric vehicle batteries for Hyundai Motor Group – the first battery partnership between the two chaebol groups. Under the deal, Samsung SDI will supply prismatic batteries produced at its Hungary plant for Hyundai EVs made in Europe for seven years, from 2026 through 2032. Although the exact size of the deal was not disclosed immediately, industry sources predict that Samsung SDI could supply batteries to power up to 500,000 high-
Oct. 23, 2023
-
China’s export curbs on graphite may raise battery prices for EVs
China last week unveiled its plans to restrict exports of graphite starting from December, piling pressure on Korean companies that are highly dependent on one of the key anode materials for making electric vehicle batteries. The world’s top graphite producer and exporter said Friday that export permits will be mandated to ship synthetic graphite material -- including high-purity, high-hardness and high-density versions -- as well as natural flake graphite from China. Chinese graphite manu
Oct. 23, 2023
-
Mercedes-Benz Korea ramps up efforts to nurture tech talent
Mercedes-Benz Korea has been investing heavily in training employees and young students as part of efforts to enhance customer service and technical expertise in the automotive maintenance field. Since 2007, the Korean unit of the German luxury carmaker has organized “Korea TechMasters,” a biennial technical skills competition, while also running separate automotive training programs including Ausbildung and Automotive Electric Traineeship. This year’s technical contest saw
Oct. 22, 2023
-
EcoPro seeks big leap as global battery materials maker
South Korean battery materials manufacturer EcoPro, which celebrates its 25th anniversary this year, has laid out a goal to post 10 trillion won ($7.41 billion) in sales next year. EcoPro CEO Song Ho-jun and top executives of the firm's subsidiaries, including EcoPro BM, participated in a celebratory event held at the company’s headquarters in Ochang, North Chungcheong Province, on Friday. Preparing for the next 25 years, EcoPro said it plans to develop game changer materials, diversi
Oct. 22, 2023
-
[KH Explains] Is Tesla ditching its premium strategy?
Tesla, the world’s No. 1 electric vehicle manufacturer, is slashing car prices worldwide to further consolidate its leadership, seemingly willing to sacrifice its long-held premium brand image. In September, Tesla’s Model Y sport utility vehicle topped import car sales in Korea, selling a total of 4,206 vehicles, an 876 percent surge from a month ago, according to market tracker Carisyou. The Model Y outpaced Mercedes-Benz’s E-Class, the best-selling import car of 2022, which s
Oct. 22, 2023
-
Hyundai Motor, Kia ranked in mid range of global eco-friendliness list
Hyundai Motor and its affiliate firm Kia were ranked in ninth place on a new Greenpeace study on 15 automakers' decarbonization efforts, down four spots from the environmental organization's assessment a year ago. According to Greenpeace East Asia’s analysis on Thursday, the South Korean carmakers received 5.58 points for the proportion of zero-emission vehicle sales and a mere 3 points for decarbonizing efforts in their supply chains. Noting that the sales of sports utility vehi
Oct. 19, 2023
-
[Photo News] Kia EV9 for Rafael Nadal
Korean automaker Kia presents the EV9, the carmaker’s first three-row battery-powered sport utility vehicle, to its brand ambassador and renowned tennis player Rafael Nadal at the IFEMA Convention Center in Madrid on Wednesday. In October 2021, the company gave Nadal the EV6, its first electric vehicle to have adopted Hyundai Motor Group’s EV platform. Kia has sponsored Nadal since 2004 and recently renewed the partnership until 2025. (Kia)
Oct. 19, 2023
-
Hyundai, Kia team up with Infineon on EV power chips
Hyundai Motor Company and its sister firm Kia announced Wednesday that they have signed a strategic partnership with Infineon Technologies AG, a global top-tier automotive semiconductor developer, to upgrade electric vehicle performance and secure power semiconductor supply chains. Under the partnership, the South Korean automakers will cooperate with the chipmaker to develop technologies with a goal to enhance the power performance of EVs and hybrid vehicles slated to be released in the future.
Oct. 18, 2023
-
Kia reaches tentative agreement with union
Hyundai Motor Group said Wednesday that its affiliate Kia has reached a tentative agreement with its labor union, continuing wage talks without a strike for a third consecutive year. The management and labor union members sat down for the 16th round of negotiations at Kia Autoland in Gwangmyeong, Gyeonggi Province, Tuesday. The most pressing item on the agenda was whether Kia would remove a clause in the collective agreement that allows for the hiring of children of workers with more than 25 yea
Oct. 18, 2023
-
[Photo News] BMW XM unveiled
BMW’s XM Label Red, a limited edition sport activity vehicle under the M performance brand, is displayed Wednesday ahead of the BMW Ladies Championship that kicks off Thursday in Paju, Gyeonggi Province. The German carmaker plans to unveil two M cars – the XM Label Red and the i7 M70 xDrive, the first battery-powered 7 Series model --during the four-day event. BMW has showcased its latest models during the nation’s only LPGA tour every year since 2019. (BMW Korea)
Oct. 18, 2023
-
VW’s ID.4 EV gains foothold with competitive pricing
Volkswagen’s pure electric sport utility vehicle ID.4 has been gaining traction in Korea, especially among drivers in their 30s and 40s, as one of the most reasonably priced premium EVs. According to Volkswagen Korea, its competitive pricing sets the car apart from other EV rivals. The 2023 all-electric ID.4 is priced in the range of 50 million won ($37,000), but with a government subsidy of up to 5.8 million won, the price can be further lowered to the upper 40 million won range. In Aug
Oct. 18, 2023
-
[Photo News] Green Education
GREEN+Kids, Mercedes-Benz Korea's environmental education program for children here, has been recognized as an outstanding environmental education program by the Ministry of Environment, the automaker's corporate social responsibility committee said Wednesday. The GREEN+Kids program, which is aimed at guiding children toward a carbon neutral lifestyle and teach everyday practices to reduce their carbon footprint, has reached 427 social welfare institutions and elementary schools nation
Oct. 18, 2023
-
Hyundai Motor shows off air mobility, drone tech at Seoul defense fair
Hyundai Motor Group said Tuesday that its urban air mobility arm Supernal, along with its sister firm Kia, are showcasing their latest UAM vision and drone technology at this week's Seoul ADEX 2023, Korea’s largest aerospace and defense trade show. This is the first time for the US-based Supernal to set up an exhibition booth at the biennial event since its launch in 2020. During the event, it aims to raise its brand awareness and seek new business opportunities. At this year’s
Oct. 17, 2023
-
[Photo News] Genesis promotes Busan's expo bid
A Genesis G80 sedan, wrapped with the promotional designs for Busan’s Expo bid, is displayed at Hyundai Motor Studio in Goyang, Gyeonggi Province, Tuesday. Hyundai Motor Group said the special exhibition will be held until Nov. 28 when the host country of the 2030 World Expo is decided during the general gathering of the Bureau International des Expositions in Paris. (Hyundai Motor Group)
Oct. 17, 2023
-
Kia to expand EV lineup with mass market appeal
Kia on Thursday unveiled three new small- to medium-sized electric vehicles, vowing to lead the popularization of EVs across the world by offering more affordable options for customers. “Kia is keenly focused on providing solutions to the concerns that continue to cause hesitation when it comes to making an EV purchase. We will meet customer expectations by offering a full line-up of EVs at various price points and improve charging infrastructure availability,” said Kia CEO Song Ho-s
Oct. 12, 2023