Korea ranks second in Maybach sales behind China

LIG Nex1 said Monday it will unveil its guided missiles and drones at this week's International Defence Industry Exhibition, or MSPO, Poland’s annual national defense exhibition. The company plans to showcase the Korean GPS Guided Bomb (KGGB); a long-range air-to-surface missile; surface-to-surface guided missiles called Hyunggung and Shingung; and drones. The KGGP is a weapons system that can be installed in fighter aircraft including the FA-50. Equipped with a medium-range GPS guida

South Korea's shipbuilding-to-energy conglomerate HD Hyundai Group said Monday it will showcase eco-friendly vessels, and seek cooperation with global ship registers and shippers in an upcoming world gas exhibition. HD Hyundai said it will display models of a liquefied natural gas carrier, a liquefied petroleum gas ship, a duel fuel engine as well as other green technologies at Gastech 2023. The world's largest gas, LNG, hydrogen and energy fair, slated for Tuesday to Friday in Singapo

4-door coupe, shooting brake and 2 SUVs to be built on new Mercedes-Benz Modular Architecture platform

German automaker’s plug-in hybrid boasts all-electric range of 100 km

BMW Korea is investing heavily to expand its charging infrastructure for electric vehicles here. Since last year, the South Korean unit of the German carmaker has opened up a growing number of its own charging stations, branded as BMW Charging Stations, while offering special charging fees for new EV buyers. In December, the carmaker opened a large-scale charging station at its driving center in Yeongjongdo, Incheon, which can charge up to 80 EVs -- making it one of Korea's largest charging

Hyundai Motor Group and LG Energy Solution are poised to inject an additional $2 billion to build a joint electric vehicle battery manufacturing plant in the US state of Georgia, raising the total investment to more than $4.3 billion, the state government announced on Thursday local time. According to a press release by Georgia, with this expansion, Hyundai-LG’s joint battery plant and Hyundai’s EV manufacturing plant is set to bring around $7.59 billion in investment and create 8,50

Korea chief says Aurora hybrid project will pave way for Renault’s EV strategy

Hector Villarreal (second from right), president and CEO of General Motors Korea, visited the company’s Boryeong plant in South Chungcheong Province on Wednesday to mark that the number of six-speed automatic transmission manufactures at the facility has reached 6 million units. The plant started to produce the transmission in 2007, as the first among the carmaker’s production facilities, and was recognized for its stellar production record by the Harbour Report indicator up to 2020,

SK On announced on Thursday that it has developed in collaboration with Dankook University an innovative solid-state battery component that is expected to significantly extend battery lifespans and reduce charging times, with implications across industries, from portable devices to electric transportation. The component is a new oxide-based solid-state electrolyte called lithium-lanthanum-zirconium-oxygen, or LLZO, and boasts the highest lithium-ion conductivity to date. The findings of the rese

Texas Instruments, the US-based semiconductor manufacturer, said Wednesday it plans to further boost business ties with electric vehicle manufacturers and battery makers in Korea. “I see Korea as a very key market for vehicle electrification and it is a key pioneer of battery technology as well,” said Matt Xiong, a product line manager for Texas Instruments’ battery management system, during an online media briefing. “We’re very closely engaged with Korean customers

EcoPro said Wednesday it has celebrated 10 years of supplying battery materials to Sony, later acquired by Murata Manufacturing. According to the company, it first supplied high-nickel cathode materials for Sony in 2013 for the first time for a Korean company. The two companies have kept business ties even after Murata, a Japanese electronics manufacturer, took over Sony’s loss-making battery business in 2017. EcoPro has been providing thousands of tons of nickel, cobalt and aluminum (NCA)

Kia Corp., South Korea's second-biggest carmaker by sales, said Tuesday one of its eight domestic plants will be suspended until early September due to a fire in its paint shop. Eight industrial robots in the paint shop of Kia's No. 3 plant in Hwaseong, just south of Seoul, were affected by a fire Monday evening, a company spokesperson said. The No. 3 Autoland Hwaseong plant will be suspended until Sept. 6, he said. The plant produces the K5 sedan, the K8 sedan and the all-electric EV

Hyundai Motor Group said Tuesday that its three startups -- Pitin, Madde and Evacycle -- spun off less than a year after participating in the company's in-house startup incubator program. It usually takes more than a year for startups to become separate firms from their parent company, but they have shown great potential in the automotive and semiconductor business in just nine months, the carmaker said. Pitin has developed a battery subscription service using refurbished batteries for co

Audi Korea launched the latest models of its all-electric sports utility vehicles -- the Audi Q4 40 e-tron and Audi Sportback Q4 40 e-tron -- in the domestic market on Tuesday. The carmaker said the latest electric SUVs have longer driving distances per full charge than previous models, with the Audi Q4 40 e-tron capable of driving 411 kilometers and the Audi Sportback Q4 40 e-tron able to drive 409 kilometers. The electric SUVs are priced starting at 61.7 million won ($46,600). (Audi Korea)