Mercedes-Benz to launch 40 new models, deepens ties with Samsung, LG

Mercedes-Benz has unveiled a plan on Friday to launch 40 vehicle lineups globally and in Korea by 2027, while highlighting partnerships with Samsung and LG that it says will add further momentum to its technology ambitions. At the Mercedes-Benz Future Strategy Conference in Incheon earlier in the day, Mercedes-Benz Group AG CEO Ola Kallenius said the upcoming lineup will span fully electric models, plug-in hybrids and electrified high-end combustion vehicles. He also offered a preview of next ye

Nov. 14, 2025

Will Hyundai’s Georgia training center meet US demand for local talent?

Just over two months after a US immigration raid on Hyundai Motor Group and LG Energy Solution’s joint battery plant in Georgia, the Korean automaker moves to reinforce its commitment to local workforce development, opening a training center in the same state as part of its $12.6 billion investment pledge. The 26,700-square-meter Hyundai Mobility Training Center of Georgia, launched last week, will be the core facility for Hyundai Motor Group Metaplant America and its five affiliates, training o

Nov. 12, 2025

Hyundai Motor on edge as Korea-US tariff deal stalls

Hyundai Motor Group is growing uneasy, as the release of a joint fact sheet on the outcome of Korea-US tariff negotiations faces delays, leaving its US-bound vehicle exports still subject to a hefty 25 percent duty. According to industry sources Tuesday, nearly two weeks have passed since Seoul and Washington were expected to release the document shortly after the Oct. 29 meeting between President Lee Jae Myung and US President Donald Trump, held on the sidelines of the Asia-Pacific Economic Coo

Nov. 11, 2025

Will Hyundai feel the pinch as Chinese EV makers flood Europe?

As China grapples with a glut of electric vehicles coupled with an intensifying price war at home, more low-cost Chinese EVs are now flowing into Europe — the world's second-largest EV market, increasing competitive pressure on Hyundai Motor Group. A report released Monday by the Korea Automotive Technology Institute shows the scale of China’s oversupply problem. China’s auto production capacity reached 55.07 million vehicles in 2024, more than twice its domestic sales of 26.9 million. Major aut

Nov. 10, 2025

Lotte begins operations at W5.7tr petrochemical plant in Indonesia

Lotte Chemical said Friday that it has launched operations at its 5.7 trillion won ($3.9 billion) petrochemical plant in Indonesia, aiming to expand its footprint in the nation’s chemical feedstock-dependent market. The company held a completion ceremony for the Lotte Chemical Indonesia New Ethylene (LINE) project in Cilegon, Banten province, Indonesia, attended by 300 key figures, including Lotte Group Chairman Shin Dong-bin, Lotte Chemical CEO Lee Young-jun and Indonesian President Prabowo Sub

Nov. 9, 2025

Hyundai bets on Nvidia to reboot its autonomous driving ambitions

For Hyundai Motor Group, the road to autonomous driving has been far longer than expected. Once an early mover among legacy automakers, the company’s self-driving push has lost momentum in recent years amid technological setbacks and internal struggles. While rivals like Tesla and Waymo have advanced their autonomous driving technology, Hyundai’s own road map — despite a high-profile investment in US joint venture Motional and the acquisition of Seoul-based startup 42dot — remains mainly in the

Nov. 6, 2025

LS Cable to supply W500b power distribution systems to US big tech

LS Cable & System announced Wednesday that it has secured a contract worth over 500 billion won ($345.3 million) to supply high-capacity power distribution systems to artificial intelligence data centers operated by a major US big tech company. While the client firm has not been disclosed, the company said it will begin supplying bus ducts -- power distribution systems that efficiently deliver large volumes of electricity -- for data centers the client plans to build across North America. The or

Nov. 5, 2025

Tesla turns to Samsung SDI for massive ESS battery deal

Samsung SDI is reportedly in final talks with Tesla to supply around 3 trillion won ($2.1 billion) worth of energy storage system battery cells, signaling the US electric vehicle giant’s growing reliance on Korean battery makers amid Washington’s push to reduce dependence on Chinese supply chains. According to industry sources and media reports Tuesday, Tesla’s ESS division executives visited Korea last week and reached near-final terms with Samsung SDI on a multiyear supply contract. The deal w

Nov. 4, 2025

Hyundai Motor, Singapore to advance hydrogen economy

Hyundai Motor Group has forged a partnership with the Singapore government to explore opportunities for developing hydrogen-based low-carbon infrastructure, strengthening bilateral cooperation in advancing a clean energy economy. According to Hyundai on Monday, it signed a memorandum of understanding with the Singapore Economic Development Board on Friday during the K-Tech Showcase event, held on the sidelines of the Asia-Pacific Economic Cooperation summit in Gyeongju, North Gyeongsang Province

Nov. 3, 2025

Hyundai Motor teams up with Singapore to electrify public vehicle fleets

Hyundai Motor Group announced Sunday that it has partnered with the Singapore government to accelerate the electrification of public vehicle fleets, marking a key step toward advancing innovation in future mobility. The auto giant signed a memorandum of understanding on innovative technology cooperation with Singapore’s Home Team Science and Technology Agency (HTX), a research agency under the country's Ministry of Home Affairs, on Friday, on the sidelines of the Asia-Pacific Economic Cooperatio

Nov. 2, 2025