November 26, 2024

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• October 10, 2024

  [KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?

  ...eportedly 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 C...nt where it had more independence from the top-down decision-making of its Chinese h...

• July 02, 2024

  LG Energy Solution lands major LFP battery deal with Renault

  ...r, has secured its first major order for lithium-iron-phosphate batteries from French auto giant Renault Group's EV unit Ampere. The contract, announced in Paris on Monday, will see LG Energy Solutio... response to this market shift, LG Energy Solution, along with other South Korean ba...

• April 03, 2024

  Renault Korea overhauls brand strategy to overcome sluggish performance

  Renault Korea Motors, the South Korean unit of French automaker Renault Group, announced a revamp of its brand strategy Wednesday, as it seeks a breakthrough in prolonged sluggish sales. The company announced a change of its official corporate name from Renault S...

• December 11, 2023

  [Herald Interview] Renault Korea prepares for major changes from 2024

  Renault Korea Motors is pinning high hopes for next year to be the beginning of a complete turnaround after years of struggle, as the French automaker has big plans for 2024 and beyond, its CEO says....n. However, he underlined that now is the time to move forward and shake things up comp...

• September 02, 2023

  Renault Korea CEO aims high with hybrids

  Amid fierce competition among carmakers in the Korean electric vehicles market, Renault Korea Motors vowed to accelerate the launch of hybrid cars running on an electric motor along with a gasoline e...which has seen growing preference from Korean customers, the CEO said “nothing is deci...

• September 06, 2022

  Super typhoon’s approach puts Korean businesses on high alert

  ...nitoring of the typhoon. Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries evacuated ships to the western sea and reinforced wire ropes to safely dock sh...tory moved around 5,000 vehicles located in the export harbor port and lowland to a ...

• August 01, 2022

  [Market Eye] Will Samsung make cars again?

  “Will Samsung make cars again?” is a decades-old question that has dogged the tech giant since it sold off its automotive business to Renault Group during the Asian financial crisis in the late 1990s...ected driving to ultimately autonomous driving. Samsung is no ex...

• June 14, 2022

  Renault Korea Motors vows to stay committed to Korea

  With big is beautiful still the mantra for many Korean drivers, small-car specialist Renault Korea Motors faces a challenge in the local market. So as the carmaker commits to the Korean market, new ...ince they have been introduced. “As you know, the years 2020 and 2021 were a difficul...

• May 11, 2022

  Geely’s stake buy in Renault Korea seen as official Korean market entry

  ...ve manufacturer Geely Auto of Zhejiang Geely Holding Group is acquiring a 34.02 percent stake in Renault Korea Motors, as part of a strategic effort to establish a foothold in the local market for exp...automotive group. With an above-30 percent share in the Korean carmaker, which recen...

• March 17, 2022

  Renault‘s Korean unit carves out Samsung from its brand name

  Renault’s Korean unit announced Wednesday that it has started the process of removing Samsung from its name and rebranding itself as Renault Korea Motors. The carmaker explained that it hopes to enh... Renault ditching the Samsung label is seen as...

• March 08, 2022

  S. Korea halts transactions with Russia’s central bank

  ...h altogether reach 22.6 percent of market share in the local market, No. 2 after French carmaker Renault Group. The Korean carmaker aimed at selling a total of 455,000 units this year, about 5.8 perc...d in the previous years. Some 450 billion won of loss is expected for Hyundai Motor ...

• February 27, 2022

  Renault Samsung SM6 upgrades safety, convenience features

  While keeping its overall look intact, the 2022 Renault Samsung SM6 has upgraded safety and convenience features, such as LED matrix vision headlamps, in all of its trims. Like most European cars, the SM6, which is sold as the Renault Talisman in Europe, has kept its ...

• February 14, 2022

  S. Korean car exports to Australia show signs of recover

  ...d by 11.1 percent on-year to 66,846 units in 2021, and Kia’s increased by 26.9 percent to 63,981 units. SsangYong Motor showed a remarkable export increase of 84.2 percent on-year to 2,967 units. Renault Samsung also saw an 81.3 percent increase to 3,743 units. SsangYong Mo...

• February 14, 2022

  Renault Samsung names new CEO

  Renault Samsung Motors said Friday that Renault Group has named Stephane Deblaise, the former vehicle program director at the French headquarters, as a new chief to lead the Korean business. The 49-year-old who served Renault’s advanced project and cross-ca...

• January 26, 2022

  Minor domestic carmakers to face fines over lack of green car sales

  Domestic carmakers that lack green car models such as Renault Samsung, SsangYong and GM Korea are expected to face heavier pressure from the government to increase supply of more sustainable cars thi...s being green car models. The numbers are not expected to be remarkably diff...

• January 24, 2022

  [Battery+] Samsung SDI’s premium strategy faces daunting test

  Samsung SDI’s long-held “premium strategy” with high pricing is expected to face a daunting test in its renewed competition with rivals amid ever-evolving market trends. Until 2020, bringing down th...d Stellantis. Two more are reportedly in the works for LG Energy Solution, likely wi...

• December 31, 2021

  German carmakers take up 60 percent of imported car sales

  ...ghest sales ever. Audi Korea sold 21,242 during the same period. Meanwhile, domestic carmakers Renault Samsung, GM Korea and SsangYong Motors saw sales drop. From January to November this year, 5 K...rmakers sold more than 1.3 million vehicles, among which only 11.98 percen...

• December 28, 2021

  EVs not future car anymore -- registration grow 200%

  ... 56 percent more than they have sold this year. GM Korea is expected to resume selling the Bolt EV and Bolt EUV, models that were delayed in distribution due to a recall over battery fire risks. Renault Samsung Motors, currently selling the Renalt Zoe as its only electric mo...

• December 21, 2021

  Renault’s Master becomes game changer of domestic mini bus market

  Renault Samsung’s Master van has become a popular choice as a school bus and as a camping car in South Korea due to its safety and customizable features. The Master van, first introduced in 2018 in South Korea, offered enhanced safety and a business solution for its customers,...

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