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Hyundai chief, Saudi crown prince discuss deeper mobility, energy ties
Hyundai Motor Group Executive Chair Chung Euisun met with Saudi Crown Prince and Prime Minister Mohammed bin Salman in Riyadh to discuss expanding cooperation across mobility and energy sectors, the Korean automaker said Tuesday. The talks, held Monday at the Ritz-Carlton hotel, marked Chung’s first one-on-one meeting with Saudi Arabia’s de facto leader. The two exchanged views on collaboration in automotive manufacturing, smart city development and next-generation energy, as Hyundai seeks to st
Oct. 28, 2025 -
Hyundai Motor, Toray deepen ties to develop advanced materials for future mobility
Hyundai Motor Group on Friday signed a joint development agreement with Japan’s Toray Group to cooperate on the development of advanced materials and components for future mobility. In April 2024, Hyundai Motor Group signed a master agreement with Toray Group to jointly develop lightweight and high-strength composite materials, including carbon fiber-reinforced polymer parts to improve mobility performance and ensure safety. Under the agreement signed Friday, which further strengthens the partne
Oct. 27, 2025 -
Georgia governor meets with SK On CEO for battery cooperation
Gov. Brian Kemp of the US state of Georgia met with the head of South Korean battery maker SK On Co. on Friday to discuss ways to enhance cooperation and strengthen business ties, industry sources said. Kemp and his delegation visited SK On's headquarters in central Seoul earlier in the day and had talks with Lee Seok-hee, chief executive officer (CEO) of the Korean battery manufacturer, according to the sources. The two previously met in June 2024 during Kemp's visit to Seoul. SK On operates a
Oct. 24, 2025 -
Georgia governor pushes to sustain Korean investment after plant raid
Georgia Governor Brian Kemp met with top executives from Hyundai Motor Group and LG Energy Solution during his visit to Seoul this week, as the state and Korean companies work to coordinate follow-up measures after a large-scale US immigration raid at their joint electric vehicle battery plant construction site in Georgia. According to industry sources on Thursday, Governor Kemp held talks with Hyundai Motor Group Executive Vice President Jang Jae-hoon during his visit to Seoul, which marked the
Oct. 23, 2025 -
Samsung SDI partners with state-run electrical agency for ESS safety
Samsung SDI said Wednesday that it has forged a partnership with the state-run Korea Electrical Safety Corporation (KESCO) to strengthen safety standards across the nation’s energy storage system industry. Key officials, including Samsung SDI CEO Choi Joo-sun and KESCO President Nam Hwa-young, attended the memorandum of understanding signing ceremony held at Samsung SDI’s Giheung plant in Gyeonggi Province on Monday. Under the agreement, the two parties will collaborate on enhancing ESS safety p
Oct. 22, 2025 -
SK On CEO pledges safety-led growth in ESS market
SK On CEO and President Lee Seok-hee has pledged to accelerate the company’s technological leadership in energy storage systems, highlighting safety as a key growth strategy. According to SK On on Tuesday, Lee delivered a special lecture on Monday at Yonsei University in Seoul, speaking to professors and graduate students from battery and energy-related departments. “Global demand for ESS is rapidly rising as the renewable energy sector continues to grow,” Lee said. “The ESS business will serve
Oct. 21, 2025 -
Do Seoulites really need e-scooters or e-bikes? The city isn't sure either
Seoul once had a thing for e-scooters. You couldn’t walk a block without dodging one parked sideways on a ramp or abandoned mid-sidewalk like a lost shopping cart. In theory, they were perfect for short trips that felt too far to walk but too close to justify a cab. But now? Many of the scooters are gone. “I used to ride one almost every day to get from my house to the subway,” said Kim Ji-won, a 24-year-old university student living in Seoul’s hilly Gwanak district. “I admit, I didn’t always we
Oct. 21, 2025 -
Posco Future M to begin Quebec cathode plant operations in October 2026
Posco Future M plans to begin delayed operations at its joint cathode materials plant with General Motors in Quebec, Canada, next October, signaling a renewed push to expand its presence in the North American electric vehicle battery supply chain. According to media reports on Monday, Posco Future M finalized a schedule to begin phase 1 operations at its joint venture, Ultium CAM, in late October 2026. The joint venture, owned 85 percent by Posco Future M and 15 percent by GM, will produce 20,00
Oct. 20, 2025 -
Hyundai Motor tops Korean firms on Time’s global top 100
Hyundai Motor has been ranked No. 33 on the list of the world’s best companies surveyed by Time magazine, becoming the only Korean company to make the top 100. The Korean automaker received an overall score of 91.36 points while jumping 159 spots from 2024’s rankings, as the company’s employee morale and business performance have excelled worldwide. According to Hyundai Motor, its annual internal employee satisfaction survey showed 79.4 points last year, the highest ever score. The company also
Oct. 20, 2025 -
Genesis launches upgraded GV70 with improved features, options
Genesis, the luxury brand of Hyundai Motor Group, on Monday launched an upgraded version of its mid-sized GV70 sport utility vehicle with enhanced features and optimized package options. The new GV70 comes with an improved noise, vibration and harshness control feature. The model is equipped with additional sound-absorbing materials, with the 2.5 Turbo variant including an engine support damper that reduces vibration. It also comes in new package offerings to give customers more flexible choices
Oct. 20, 2025 -
Audi, Mini bounce back in Korea on surging EV sales
Electric vehicle sales are fueling Audi and Mini's comeback in Korea after years of sharp declines, as they find footing in a market increasingly dominated by EV-only brands. According to data from the Korea Automobile Importers and Distributors Association, Audi sold 4,106 EVs in Korea between January and September, up 46 percent from the same period last year. While Audi ranks sixth overall in Korea’s imported car market with 8,858 units sold, the increase in EV sales places it third among EVs
Oct. 19, 2025 -
LG Energy Solution, GM win Battery Innovation of the Year for manganese-rich EV battery tech
General Motors said Friday it won the Battery Innovation of the Year award at The Battery Show North America for its lithium manganese rich battery technology jointly developed with LG Energy Solution. Targeting the world’s first commercial launch of LMR batteries by 2028, the new chemistry combines longer driving range, higher energy density and lower costs by increasing manganese content in the cathode to reduce reliance on cobalt and nickel. GM plans to use the next-generation cells in large
Oct. 17, 2025 -
Hyundai Motor India unveils $5.1b growth road map to 2030
Hyundai Motor India, the Indian arm of South Korea’s Hyundai Motor Co., held its first-ever investor meeting on Wednesday to outline an ambitious growth strategy through 2030. The company aims to achieve $11 billion in sales while maintaining high profit margins. Hyundai's Global President and CEO Jose Munoz announced that Hyundai would invest $5.1 billion in India by 2030, underscoring the country’s role as a “strategic priority” in the automaker’s global operations. He said Hyundai plans to ma
Oct. 15, 2025 -
Hyundai may face W8.4tr hit from US tariffs: report
Hyundai Motor Group could face an annual tariff burden of around 8.4 trillion won ($5.9 billion) if the US maintains its current 25 percent import duty on Korean automobiles, according to a report released Wednesday by NICE Investors Service. The report estimated that Hyundai would shoulder the largest tariff cost among global carmakers, paying over 8 trillion won compared to Toyota’s 6.2 trillion won, General Motors’ 7 trillion won and Volkswagen’s 4.6 trillion won, as Korea remains excluded fr
Oct. 15, 2025 -
3 carmakers to recall over 42,000 vehicles due to faulty parts
Hyundai Motor Co., KG Mobility Corp. and Stellantis Korea Co. will voluntarily recall more than 42,000 vehicles to address various component defects, the transport ministry said Wednesday. The three companies are recalling a combined 42,388 units across four different models, the Ministry of Land, Infrastructure and Transport said in a press release. The recalls were issued due to several defects, including a faulty charging door in Hyundai Motor's Ioniq 6 model, a possible power outage during d
Oct. 15, 2025