China EVs
Scope
Date
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Business & Politics
Washington, Seoul to hold formal talks on US EV tax credit act
WASHINGTON D.C. – South Korea and the United States have agreed to launch formal negotiations over ways to address the negative impacts of the...
Aug 31, 2022 (Gmt+09:00)
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Chemical Industry
LG Chem to build carbon nanotube Plant 4 for EV batteries
LG Chem Ltd., South Korea’s chemicals giant, is set to build the world’s largest single-line carbon nanotube (CNT) manufacturing plant i...
Aug 30, 2022 (Gmt+09:00)
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Automobiles
Hankook Tire to spend $1.6 bn on US plant expansion
Hankook Tire & Technology Co., South Korea’s top tire maker, will invest $1.6 billion to more than double its output in the US, the world&...
Aug 30, 2022 (Gmt+09:00)
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Electric vehicles
LG Energy, Honda to form JV for EV battery production in the US
LG Energy Solution Ltd. announced on Monday that it reached an agreement with Honda Motor Co. to establish a joint venture company to produce lithiu...
Aug 29, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai asks US state of Georgia for more incentives
Hyundai Motor Co. discussed additional incentives on its planned electric vehicle plant in Georgia with the US state's government as the leading Sou...
Aug 29, 2022 (Gmt+09:00)
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Future mobility
Only 1% of car parts makers in S.Korea feel ready for transition to EVs
The automotive industry around the globe is rapidly transitioning from the manufacturing sector to the digital arena. That is, from an internal...
Aug 28, 2022 (Gmt+09:00)
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Batteries
Samsung SDI to hasten US battery plant groundbreaking
Samsung SDI Co., the world's sixth-largest battery maker, is set to push forward the start of its plant construction in the US by two months in resp...
Aug 26, 2022 (Gmt+09:00)
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Batteries
POSCO builds EV battery recycling plant in Poland
South Korea’s POSCO Holdings has built a rechargeable battery recycling plant in Poland, in line with Europe’s tougher regulations on ba...
Aug 26, 2022 (Gmt+09:00)
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Earnings
Hyundai Elevator logs first quarterly loss since 1996
Hyundai Elevator Co., South Korea’s No. 1 elevator producer, swung to a quarterly operating loss for the first time since it was listed on the...
Aug 25, 2022 (Gmt+09:00)
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Automobiles
Hyundai’s Chung rolls up sleeves to counter US EV tax credit act
Hyundai Motor Group Chairman Chung Euisun is off to the US to meet government officials and business leaders as the recently passed Inflation Reduct...
Aug 25, 2022 (Gmt+09:00)
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Electric vehicles
Korea targets Tesla, imported EVs with new subsidy policy
South Korea is planning to set up a new subsidy policy for electric vehicle purchases, which will be commensurate to the EV makers’ after-sale...
Aug 24, 2022 (Gmt+09:00)
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Construction
SK Ecoplant to supply fuel cells to China’s top data center operator GDS
South Korea’s SK Ecoplant Co. has forged a partnership with China’s top data center developer and operator GDS to jointly enter the Sout...
Aug 23, 2022 (Gmt+09:00)
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Electric vehicles
Korea may file complaint with WTO against US' Inflation Reduction Act
The South Korean government is considering filing a complaint with the World Trade Organization (WTO) over the US' new Inflation Reduction Act (IR...
Aug 22, 2022 (Gmt+09:00)
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Foreign exchange
Korea’s mounting trade deficit knocks won to 13-year low
South Korea’s won has hit the weakest level since the 2008-09 global financial crisis on a mounting trade deficit while growing concerns over ...
Aug 22, 2022 (Gmt+09:00)
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Economy
Korean chip exports to China rise thirteenfold in 21 years
China was South Korea’s top semiconductor buyer, purchasing 39.7% of overall Korean chip exports in 2021. The percentage increased 13 times ...
Aug 22, 2022 (Gmt+09:00)
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Entertainment
China's high entry barriers for Korean films, dramas
“Oh! My Gran” was the only South Korean movie to hit the big screen in China in the past year. It was also the first Korean film to be p...
Aug 22, 2022 (Gmt+09:00)
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Batteries
Hyundai Motor, LG Energy secure $710 mn for battery JV in Indonesia
South Korea’s Hyundai Motor Group and battery maker LG Energy Solution Ltd. have secured $710 million from financial institutions overseas to ...
Aug 22, 2022 (Gmt+09:00)
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Electric vehicles
Tesla sweeps local EV subsidies as Korean firms at disadvantage in US
Tesla Inc. and other US electric vehicle makers are enjoying strong sales in South Korea thanks to government subsidies while the revised US EV tax ...
Aug 22, 2022 (Gmt+09:00)
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Electric vehicles
GM Korea’s outlook gloomy without EV production
General Motors Co. is unlikely to produce electric vehicles in South Korea as it aims to maximize the benefit of the US government’s tax credi...
Aug 22, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai IONIQ 5: Car and Driver’s EV of the Year
Hyundai Motor Co.'s all-electric IONIQ 5 crossover has won another industry accolade in the US, gathering momentum to expand its market share in the...
Aug 19, 2022 (Gmt+09:00)
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Economy
Korea trade deficit jumps as chip exports fall on Aug. 1-10
South Korea suffered from a larger trade deficit in the first 10 days of the month as semiconductor exports declined on weaker demand for memory chi...
Aug 12, 2022 (Gmt+09:00)
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Electric vehicles
SK seeks to build EV charger plant in US on subsidies
SK Group, South Korea’s No. 2 conglomerate, is seeking to build an electric vehicle charger plant in the US in a move to accelerate the expans...
Aug 11, 2022 (Gmt+09:00)
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Bio & Pharma
TiumBio inks licensing deal with China's Hansoh for endometriosis drug
South Korean biotech TiumBio Co. has signed a technology transfer agreement of its endometriosis and uterine myoma treatment candidate with China&rs...
Aug 10, 2022 (Gmt+09:00)
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The KED View
Four chip alliance: S.Korea's courage to overcome Chinaphobia
“I'm gonna make him an offer he can’t refuse.”Ahn Cheol-soo, a senior lawmaker of South Korea’s ruling People Power Party, c...
Aug 09, 2022 (Gmt+09:00)
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Petrochemicals
SK Geo Centric to build high value-added material plant in China
South Korea’s major petrochemical company SK Geo Centric Co. is set to build an ethylene acrylic acid (EAA) plant in China with a local partne...
Aug 09, 2022 (Gmt+09:00)
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Electric vehicles
SK subsidary to supply EV battery materials to Vietnam's Vingroup
SK IE Technology Co. (SKIET) secured battery separator orders from Vietnam’s No. 1 conglomerate Vingroup, in the latter's push to expand into ...
Aug 05, 2022 (Gmt+09:00)
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Automobiles
Infineon chip flaws to disrupt IONIQ 5 EV production
Hyundai Motor Co. is highly likely to suffer a further production delay for its all-electric crossover IONIQ 5 after South Korean industry sources s...
Aug 03, 2022 (Gmt+09:00)
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Future mobility
Korea to further lag China on self-driving cars
South Korea is expected to lag behind China further on autonomous vehicle technology as Shenzhen, the technology hub in Guangdong province, allowed ...
Aug 03, 2022 (Gmt+09:00)
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Batteries
SK Nexilis to unveil ultra-high strength EV battery copper foil
SK Nexilis Co., a unit of South Korean chemical materials maker SKC Ltd., has developed technology to mass produce ultra-high strength copper foil, ...
Aug 03, 2022 (Gmt+09:00)
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Korean chipmakers
S.Korea edges closer to joining US-led chip alliance
August could mark a turning point for South Korea’s semiconductor industry.The country has been keeping tight-lipped on whether or not to join...
Aug 02, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer