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The Korea Herald

Automobiles

October 20, 2024
Hyundai Motor to launch first EV in India

Hyundai Motor Group said Sunday it is set to launch its first electric vehicle in India, the electrified version of its popular sport utility vehicle Creta, in January next year, solidifying its top-tier position in the fast-growing automotive market. The Creta EV will be produced at the carmaker’...
October 18, 2024
Hyundai Motor, Toyota join forces for AI robot

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
October 17, 2024
Kia to start EV production in Slovakia by year-end

Hyundai Motor Group’s smaller affiliate Kia is poised to start electric vehicle production in Europe by the end of this year at its Slovakian manufacturing plant, according to Marc Hedrich, president and CEO of Kia Europe. “(I had a) very good meeting today with Slovakian Economy Minister (Madam...
October 16, 2024
Hyundai Mobis to build 1st EV power system plant in Slovakia

Hyundai Mobis, an auto parts manufacturer under Hyundai Motor Group, said Thursday that it signed an agreement with the Slovakian government to set up its first manufacturing plant for electric vehicle power systems in Europe. With a 350 billion won ($256.7 million) investment, Hyundai Mobis will ...
October 16, 2024
Hyundai, Kia develop 1st automatic system for press die design

Korea’s two leading auto brands -- Hyundai Motor Company and Kia -- announced Wednesday that they developed the world’s first automatic press die system for all designs. Press dies are used to form a vehicle’s body parts such as the trunk, hood and fender. Depending on the part’s design, autom...
October 16, 2024
LG wins $9.5b battery deal to power over 1m Ford electric vans

LG Energy Solution has landed its biggest deal of the year, partnering with Ford to supply 109 gigawatt-hours of batteries for the automaker's electric commercial vehicles through 2032. Announced on Tuesday, this long-term agreement will see LG providing enough battery power for over a million ele...
October 14, 2024
Korea urged to enhance readiness for self-driving safety rules

South Korea should join the global movement to set safer international standards for autonomous driving systems, according to a report released by the state-run Korea Automotive Technology Institute on Monday. Cho Min-wook, senior researcher and author of the report, stated that the International ...
October 14, 2024
Fescaro chief stresses importance of software-based operation in future mobility

By Korea Herald
October 14, 2024
Renault, KG Mobility gain ground in midsize SUV market

In contrast, Hyundai-Kia's midsize SUV duo -- Santa Fe and Sorento -- has seen a notable decline. By September, they held just over half the market, a sharp decline of nearly 12 percentage points in just two months. For years, Hyundai-Kia has enjoyed a near-monopoly in this space, so the drop marks...
October 13, 2024
Hyundai drives forward under Chung's leadership

Hyundai Motor Group is celebrating four years of Chung Euisun’s leadership as executive chair on Monday. During this period, the automaker has experienced rapid growth, expanded into new markets and positioned itself as a major player in electric vehicles and future technologies. But new challenge...
October 13, 2024
Posco Future M's NCA cathode plant in Pohang goes online

Posco Future M has started operations at its new plant in Pohang, North Gyeongsang Province, dedicated to producing nickel-cobalt-aluminum cathode materials for electric vehicle batteries. The plant, which shipped its first batch over the weekend, will help meet the growing demand for high-performa...
October 10, 2024
[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 revi...
October 10, 2024
Hyundai, Singapore bolster R&D ties in hydrogen, manufacturing

Hyundai Motor Group said Wednesday it will boost its partnership with Singapore, home to the carmaker’s highly automated production base and key research hub, focusing on areas ranging from advanced and sustainable energy to manufacturing solutions. The company signed a memorandum of understandin...
October 08, 2024
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, ...
October 08, 2024
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 commenc...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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