Carmaker dismisses serious impact from US subsidy cuts, hints at offering additional incentives if necessary

LG Energy Solution said Tuesday it will set up an advanced production line at its Ochang plant in a bid to supply more certified battery prototypes to global electric carmakers. Under a 600 billion won ($450.7 million) investment, the battery maker plans to build what it calls a “mother" production line, where a battery cell prototype can be mass-produced, in its Ochang plant located in Cheongju, North Chungcheong Province. The existing pilot line manufactures such prototypes but do

South Korean battery materials firm EcoPro said Monday it is poised to build a cathode manufacturing plant in Hungary, seeking to establish its footing in the burgeoning European electric car market. Under the 382.7 billion won ($287.2 million) investment, the company plans to produce 108,000 tons of cathodes annually, capable of supplying some 1.35 million electric vehicles. The plant is set to start production in 2025 after completing construction next year. EcoPro’s subsidiaries lin

Hyundai Mobis, a car parts maker affiliated with Hyundai Motor Group, said Monday it reached a total of $46.5 billion in overseas orders last year, a record figure that nearly doubled on-year. Its unique sales strategy, among other things, has proved effective in appealing to global carmakers, the company said. Hyundai Mobis currently operates sales units in its key production bases globally and the extensive global network now helps it secure a footing in the burgeoning parts market for electri

Korean tire manufacturer inks supply contract with Chinese EV maker Leapmotor

Hyundai Mobis, a car parts maker affiliated with Hyundai Motor Group, said Sunday it has succeeded in demonstrating its upcoming self-driving technology, called e-Corner System, on public roads for the first time. The technology incorporates in-wheel motors, rotational steering and electronic braking in one module installed in the car wheels – the first of its kind globally. In a video unveiled by the company, Hyundai’s Ioniq 5, equipped with the module, completed tricky parking an

Karim Habib, Kia Corp.’s global head of design, looks around the carmaker’s exhibition booth themed “Opposites United” at the Milan Design Week 2023 in Italy, Friday. Kia was the only carmaker among the 12 finalists to be nominated for the Fuorisalone Award, a top prize given during the annual furnishing and design fair.

Porsche 911, Taycan showcase past and future of sports driving

South Korean low-cost carrier Jeju Air on Friday launched new merchandise made from decommissioned life vests as part of the company's efforts in achieving carbon neutrality. Collaborating with global upcycling brand Nukak, Jeju Air has released three products -- a passport wallet, travel bag and mini pouch -- available online.

South Korean battery makers LG Energy Solution, Samsung SDI and SK On have supplied batteries for roughly 8 out of 10 electric vehicle models eligible for US tax credits, industry sources said Thursday. Of the 22 electric vehicles, 17 models have installed Korea-made batteries, with LG Energy Solution topping the list with 11 models. LG’s list includes GM’s Cadillac Lyriq and Chevrolet Volt, Volt EUV, Equinox, Silverado and Blazer; Chrysler’s Pacifica PHEV. Ford counts the E-Tr

Hyundai Mobis, a car parts maker under Hyundai Motor Group, is renewing its commitment to the all-important Chinese market as it showcases its latest technologies at Auto Shanghai 2023, the first large-scale motor show since the COVID-19 pandemic. The company said Wednesday it is holding extensive business meetings with Chinese and other global carmakers during the trade show that kicked off Tuesday. Over 1,000 carmakers and their suppliers have flocked to the Chinese city to flaunt their late

Hyundai Motor Group said it has unveiled its high performance car N Brand model The New Elantra at the Shanghai International Automobile Industry Exhibition in China for the first time in the world. The Elantra model, scheduled for launch by the end of this year, is part of Hyundai's renewed sales push in China. Mufasa, the compact sport utility vehicle waiting for debut in June, was also showcased during the event.

All Hyundai and Kia cars are no longer eligible for tax credits for electric vehicles in the US amid increased protectionist sentiment there. As the result of the Inflation Reduction Act that took effect in August last year, the US Treasury Department on Monday announced a total of 16 EV models that will qualify for a tax credit of up to $7,500. All of the cars are produced by US carmakers, including Tesla, GM, Ford and Stellantis. The list includes: Tesla’s Model 3 Performance, Model

Korean culture boom behind push for direct flights connecting provincial areas with major cities worldwide

Hyundai Mobis said Monday it has developed a rollable display for cars -- the first of its kind globally. The 30-inch display can be rolled up and down depending on the mode the driver chooses. The automotive parts unit affiliated with Hyundai Motor Group said it aims to secure orders from luxury carmakers globally.