Most Popular
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South Korean President Yoon Suk Yeol declares martial law
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President Yoon Suk Yeol declares end to martial law after six-hour chaos
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'Is this happening in 2024?' South Koreans in panic, disbelief
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Opposition parties submit motion to impeach President Yoon Suk Yeol
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Ruling party leader denounces Yoon's declaration of emergency martial law
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What unfolded on Tuesday night in Seoul: A timeline
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South Korea sees first martial law in over 40 years
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Assembly passes motion to revoke martial law
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South Korea faces unprecedented turmoil in aftermath of Yoon's martial law
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Seoul defense chief calls meeting of key commanders
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[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
China’s CATL, the world’s largest battery maker for electric vehicles, is reportedly seeking a bigger footing in Korea, the home turf of its archrivals LG Energy Solution, Samsung SDI and SK On, and a crucial client, Hyundai Motor Group. According to industry sources, the Chinese company is reviewing setting up its Korean unit by upgrading the current office in Seoul that has been operational since 2011. The specific nature of the new operations has not yet been disclosed -- whether
Oct. 9, 2024
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LG Energy Solution wins 10-year battery supply deal from Mercedes
LG Energy Solution has secured a major long-term contract to supply electric vehicle batteries to a key affiliate of Mercedes-Benz. The deal, announced Tuesday, primarily targets North America and other key markets, although the exact regions were not specified. Under the terms of the agreement, LG will provide 50.5 gigawatt-hours of EV batteries over 10 years, starting in 2028. While financial details of the deal remain undisclosed, industry analysts believe it likely reaches billions of dollar
Oct. 8, 2024
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Hyundai reportedly begins EV production at Georgia plant
Hyundai Motor Group has reportedly begun early-stage production of electric vehicles at its new Hyundai Motor Group Metaplant America facility, located near Savannah, Georgia. According to a report on Saturday by the Atlanta Journal-Constitution, a major local newspaper in Georgia, Hyundai commenced production at the facility earlier last week. The company also reportedly held a private event on Thursday for employees to mark this achievement. The official completion ceremony for the plant is st
Oct. 8, 2024
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More foreign automakers to share EV battery data with Korea
A growing number of foreign automakers in Korea -- Mercedes-Benz, Volkswagen and Audi among them -- are now cooperating with local authorities to improve EV safety by providing detailed information on their battery management systems in the wake of a serious electric vehicle fire in Incheon this past August. A BMS monitors EV battery safety by tracking key factors like temperature and voltage, preventing malfunctions, and reducing the risk of fires. According to information provided by the Korea
Oct. 6, 2024
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Over 60% of automotive exports shipped to N. America in Jan.-Aug.
Over 60 percent of South Korea's automotive exports during most of 2024 have been shipped to North America, according to industry data, raising concerns about the need for more balanced global export strategies. The combined exports of the five South Korean automotive firms — Hyundai Motor, Kia, GM Korea, KG Mobility, and Renault Korea Motors — totaled 1,857,111 units during the January-August period. Of those, 61.4 percent, or 1,140,073 units, were shipped to North America, mar
Oct. 6, 2024
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Hyundai Motor joins forces with Waymo to bolster foundry business
Hyundai Motor announced Friday that it has entered a multi-year, strategic partnership with Google’s autonomous driving technology subsidiary Waymo as the Korean automaker looks to bolster its newly established autonomous vehicle foundry business. According to the announcement, the two sides will work together to integrate Waymo’s sixth-generation fully autonomous technology into Hyundai’s all-electric sports utility vehicle Ioniq 5. The Ioniq 5s headed for the Waymo fleet will
Oct. 4, 2024
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KG Mobility vows to advance autonomous driving technology
KG Mobility will push for advancing autonomous driving technology based on its cooperation with companies that have core technologies in the self-driving sector, the Korean automaker said Friday. The Korando E-Motion, the country’s first nighttime autonomous driving taxi developed by KG Mobility and SWM, a local autonomous driving startup, began its ride-hailing service in Gangnam-gu’s trial operation zone last month. The two companies previously signed a memorandum of understanding
Oct. 4, 2024
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[From the Scene] Hyundai Mobis catalyzes electrification with new mobility tech
UIWANG, Gyeonggi Province – Hyundai Mobis, a car parts manufacturing affiliate of Hyundai Motor Group, on Wednesday opened its electrification research wing to the press in Uiwang, 24 kilometers south of Seoul. The wing, built as a leading tech center for developing and testing key parts for electric vehicles, was completed in August 2023, and has been in use since December. With a record-breaking 1.7 trillion won ($1.3 billion) in investment this year alone, the company has introduced 65
Oct. 3, 2024
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[Photo News] Back in black
Genesis, a luxury brand under Korean auto giant Hyundai Motor Group, announced the launch of the GV80 Black and GV Coupe Black on Wednesday. Marking the brand's second series of black editions following the G90 high-end sedan, the premium sport utility vehicle solely focuses on black, even in the details, for both the exterior and interior designs. The new vehicles will be on display at the Busan International Film Festival from Wednesday to Oct. 11. (Hyundai Motor Group)
Oct. 2, 2024
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
Ever since a Mercedes-Benz electric vehicle burst into flames in Incheon in August, an “EV phobia” has gripped drivers here. Less than two weeks from the massive fire, Hyundai Motor Group, the nation’s largest carmaker, preemptively disclosed the list of its EV battery manufacturers, prompting its foreign rivals to hustle to reveal their respective battery origins. A series of safety measures have also been unveiled from a new battery certification system to EV charger upgrades
Oct. 1, 2024
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[KH Explains] Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
Hyundai Motor Company and General Motors seem like very different automakers. One is a South Korean juggernaut known for its efficiency and clean design, while the other is a symbol of American muscle, built on a century of dominance in trucks and sport utility vehicles. Yet earlier this month, these two giants signed a sweeping partnership. “In a time of intense competition from Tesla and an ever-growing Chinese EV threat, Hyundai and GM are probably betting that their combined strengths
Sept. 30, 2024
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Hyundai Motor hits 100m vehicle milestone
Hyundai Motor Company marked the global cumulative production of 100 million cars Monday, a landmark record coming 57 years since the carmaker’s foundation. The company held a celebratory event at the car manufacturing plant in Ulsan earlier in the day, joined by Lee Dong-suk, head of domestic sales and chief strategic officer at Hyundai Motor Group, and Moon Yong-moon, head of the company’s labor union. The executives and staff marked the production of the first car after passing th
Sept. 30, 2024
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Air mobility leaders to convene in Dubai next week
Global leaders in advanced air mobility are heading to Dubai for the fifth edition of the Airtaxi World Congress, slated to take place at the Grand Hyatt Dubai Conference & Exhibition Center from October 7-10. The next-generation clean air mobility event is expected to gather about 1,000 major players in the AAM sector such as airlines, airports, original equipment manufacturers, startups, investors and regulators. This year’s event participants include the US Federal Aviation Administ
Sept. 30, 2024
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LG Energy Solution wins battery quality award in China, beating CATL, BYD
LG Energy Solution has been recognized in China for delivering the most high-quality electric vehicle batteries by the 2024 China Automotive Quality Research Awards, surpassing local manufacturers CATL and BYD in this category. The award ceremony, held in Beijing on Tuesday, was organized by Chinese automotive media platform CheZhiWang and Car Research Consulting Beijing, a Chinese automotive think tank established in 2017. The awards were based on consumer surveys, evaluating 128 vehicle models
Sept. 27, 2024
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Posco Future M, GM push back timeline for Canadian battery materials plant
Posco Future M and General Motors have pushed back the completion of their cathode material plant in Canada, which is part of their joint venture, Ultium CAM. Originally scheduled to be finished by the end of this month, the plant’s completion has now been delayed to a yet-to-be-determined date. Posco Future M announced the delay on Friday, citing "local conditions" without providing specific details. The plant, located in Becancour, Quebec, is set to produce high-nickel cathode
Sept. 27, 2024
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[Photo News] Kia's first EV-only plant
Hyundai Motor Company’s smaller affiliate Kia on Friday unveiled the carmaker's first electric vehicle manufacturing plant in Gwangmyeong, Gyeonggi Province. Ramping up production of the compact EV3 sport utility vehicle, Kia plans to produce a mid-sized sedan model, the EV4, next year. The 401.6 billion won ($304.2 million) facility has an annual production capacity of 150,000 units. (Kia)
Sept. 27, 2024
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Hyundai Mobis wins cybersecurity certification in Europe
Hyundai Mobis has become the first automotive parts supplier in Asia to receive a cybersecurity certification from ENX Association, bolstering its chances of securing orders worldwide. According to the auto parts manufacturer under Hyundai Motor Group Thursday, it held a cybersecurity certification presentation ceremony at its technology research center in Yongin, Gyeonggi Province with representatives from the European association in attendance. Members of the ENX Association include powerhouse
Sept. 26, 2024
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Hyundai Motor, EcoPro BM to develop LFP battery tech
Hyundai Motor Group said that it is partnering with battery materials company EcoPro BM on Thursday to develop its own lithium iron phosphate, or LFP, batteries for electric vehicles. Executives from Hyundai Motor Group, EcoPro BM and Hyundai Steel -- the carmaker’s steel manufacturing affiliate -- met Wednesday in Daejeon to discuss details on the joint research and future cooperation. With the strategic partnership, which is part of the four-year project supported by the Ministry of Trad
Sept. 26, 2024
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[Photo news] Faker Mercedes
Mercedes-Benz Korea presented a custom Mercedes-AMG SL 63 4Matic+ to esports star Lee “Faker” Sang-hyeok on Thursday, celebrating his induction into the League of Legends Hall of Legends. Tailored through the bespoke Manufaktur program, the one-of-a-kind roadster features Faker’s signature and Hall of Legends detailing. Powered by a 4.0-liter V8 engine with 585 horsepower, the car is intended to mirror Faker’s agility and precision in gameplay. Mercedes-Benz Korea CEO M
Sept. 26, 2024
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[Hello India] Hyundai Motor inches closer to IPO in India
Hyundai Motor is one step closer to making a successful debut on the Indian stock market, as the South Korean auto giant’s Indian subsidiary Hyundai Motor India Limited has obtained approval for its highly-anticipated initial public offering from Indian regulators. According to industry sources and local media outlets in India on Wednesday, the Securities and Exchange Board of India recently cleared Hyundai Motor’s paperwork for the IPO. In June this year, Hyundai Motor India submitt
Sept. 25, 2024