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The Korea Herald

Automobiles

November 27, 2024
Hyundai Motor pledges $484m to ramp up output in Malaysia

Hyundai Motor has decided to invest $484 million in Malaysia to expand local production there as the Korean automaker looks to ramp up its presence in the burgeoning Southeast Asian market. According to Hyundai Motor on Wednesday, the automaker will make the investment over five years starting nex...
November 25, 2024
Hyundai Capital sets up Australian subsidiary

Hyundai Capital Services, the financial arm of Hyundai Motor Group, announced Monday the official launch of its Australian subsidiary, Hyundai Finance Australia, marking its 12th overseas expansion in automotive financing. The new entity will provide tailored financial solutions for Hyundai Motor ...
November 25, 2024
[Exclusive] Hyundai Mobis eyes closer ties with BYD

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
November 25, 2024
Samsung SDI builds EV momentum with Audi, Hyundai deals

This agreement will support Hyundai and Kia’s transition to using Samsung SDI batteries in their EV lineups, including the luxury Genesis brand’s upcoming GV90 electric SUV. Until now, Hyundai and Kia primarily relied on LG Energy Solution and SK On for their battery supplies, making this a notab...
November 24, 2024
Hyundai Motor’s Genesis US push challenged by Trump’s tariff hike: sources

The US sales expansion of Hyundai Motor Company’s luxury brand, Genesis, may face setbacks with President-elect Donald Trump’s proposed tariff hikes, according to industry sources Friday. The incoming Trump administration, set to begin its term on Jan. 20 next year, reportedly plans to implement...
November 22, 2024
Kia EV9 GT marks world debut at LA Motor Show

Hyundai Motor Group’s subsidiary Kia showcased the EV9 GT, the high-performance version of its large electric sport utility vehicle, at the Los Angeles Auto Show on Thursday. “The EV9 GT boasts the charm of the three-row EV9 and adds driving excitement for car enthusiasts,” stated Steven Center...
November 21, 2024
LG Chem to secure massive supply of lithium from ExxonMobil

LG Chem has forged a deal with US energy giant ExxonMobil to secure up to 100,000 metric tons of lithium, a key material for cathodes used in electric vehicle batteries. According to the company, LG Chem Vice Chairman and CEO Shin Hak-cheol and ExxonMobil Senior Vice President Dan Holton signed a ...
November 21, 2024
KG Mobility’s Tivoli hits 300,000 units sold in Korea

KG Mobility’s compact SUV Tivoli has surpassed 300,000 units sold in South Korea, with its global cumulative sales exceeding 420,000 units since its debut in 2015. The Tivoli has gained traction for its affordability, practical designs and consistent updates, making it a popular choice for first-...
November 21, 2024
Hyundai Ioniq 9 debuts as electric SUV with home-like comfort

By Moon Joon-hyun ( mjh@heraldcorp.com )
November 20, 2024
[KH Explains] Dissecting Hyundai Motor's lobbying in US

Hyundai Motor Group is on track to report record-high spending for lobbying in the United States this year as the Korean auto conglomerate continues to ramp up its presence and influence in Washington, DC. According to OpenSecrets, a Washington, DC-based nonprofit, nonpartisan organization that tr...
November 20, 2024
Hyundai Mobis eyes 40% of orders from global carmakers

Hyundai Mobis, a car parts manufacturing subsidiary of Hyundai Motor Group, has committed to having global automakers account for 40 percent of its client base by leveraging its advanced automotive technology. “One of our core pillars of a long-term growth strategy is to become the world’s top t...
November 20, 2024
3 die of suffocation at Hyundai Motor’s Ulsan plant

Three researchers died of suffocation during a vehicle testing at Hyundai Motor Company’s car manufacturing plant in Ulsan, some 300 kilometers southeast of Seoul. According to police officials Tuesday, a man in his 40s, another in his 30s and one unidentified person were found unconscious at 3 p...
November 19, 2024
Carmakers, battery suppliers vie for leadership in battery management

Battery Management Systems, or BMS, often called the “brain” of an electric vehicle battery, play a crucial role with integrated hardware and software to monitor and control battery cells while safeguarding against potential fires. While battery manufacturers excel in advancing battery technologi...
November 18, 2024
LG Energy Solution inks exclusive battery deal with Bear Robotics

LG Energy Solution said Monday it forged an exclusive deal with US-based Bear Robotics to supply its cylindrical batteries, marking a significant expansion into sectors beyond electric vehicles. The battery maker’s 21700 cylindrical cells -- measuring 21 millimeters in diameter and 70 mm in heigh...
November 17, 2024
Kia scales back on EV9 in US amid tightened IRA rules

Hyundai Motor Group affiliate Kia is reportedly scaling back US production of its ambitious EV9, a large all-electric sport utility vehicle, due to stricter Inflation Reduction Act regulations. According to industry sources Sunday, Hyundai Motor Group’s manufacturing facility in Georgia, which be...

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099