Hyundai EV Charging Alliance
Scope
Date
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Doosan Infracore
GS E&C challenges Hyundai Heavy in Doosan deal
GS Engineering & Construction Co. (GS E&C) has joined the bidding for a stake in Doosan Infracore Co. after the bid submission deadline, a mov...
Oct 22, 2020 (Gmt+09:00)
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IPOs
Hydrogen tank supplier to Hyundai prepares for 2021 IPO
Iljin Composites Corp., the only South Korean manufacturer of composite fuel tanks, is set to mandate Mirae Asset Daewoo Co. and Samsung Securities Co...
Oct 22, 2020 (Gmt+09:00)
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Shareholding restructuring
Hyundai Gloivis, Mobis shares jump on ownership revamp hopes
Two Hyundai Motor Group arms – Hyundai Glovis Co. and Hyundai Mobis Co. – saw their shares rocket Oct. 20 on growing market talk of a poss...
Oct 20, 2020 (Gmt+09:00)
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Battery recycling
Hyundai Glovis, Hyundai Motor, LG Chem get nod on EV battery recycling
The South Korean government has eased regulations to allow local automakers and battery makers to collaborate on recycling used electric-vehicle batte...
Oct 20, 2020 (Gmt+09:00)
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Quality cost
Hyundai, Kia to reflect $2.94 bn quality costs in Q3 results
Hyundai Motor Co. and affiliate Kia Motors Corp. said on Oct. 19 that a combined 3.36 trillion won ($2.94 billion) in quality-related costs will be re...
Oct 19, 2020 (Gmt+09:00)
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Interview
Now Systems looks to metal detector market for EV batteries
Now Systems Co., a South Korean metal detector maker, is looking to enter the digital detection equipment market to check metals used in rechargeable ...
Oct 16, 2020 (Gmt+09:00)
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Hydrogen economy
Hyundai’s hydrogen push gains steam under new leadership
Hyundai Motor Co. is taking the lead in the South Korean government drive to push the hydrogen economy as one of the country’s new growth engine...
Oct 15, 2020 (Gmt+09:00)
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Leadership change
New Hyundai Motor Chairman Chung Euisun sets sights on future mobility
Chung Euisun, executive vice chairman of Hyundai Motor Co., has assumed the chairmanship of Hyundai Motor Group, officially confirming his ascension t...
Oct 14, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor begins Singapore innovation lab construction
Hyundai Motor Co., South Korea’s biggest automaker, has begun building an innovation lab in Singapore as part of its efforts to explore new mobi...
Oct 13, 2020 (Gmt+09:00)
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Hyundai Motor
Hyundai Motor unveils sustainable fashion collection from recycled car materials
Hyundai Motor Co. displayed fashion items made of discarded materials from the automotive manufacturing and scrapping process on Oct. 8, calling it a ...
Oct 08, 2020 (Gmt+09:00)
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Hydrogen truck
Hyundai makes inroads into Europe’s hydrogen commercial vehicle market
Hyundai Motor Co. has delivered seven hydrogen-powered trucks to Switzerland in its foray into Europe’s eco-friendly commercial vehicle market, ...
Oct 08, 2020 (Gmt+09:00)
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Automobiles
Hyundai Mobis to invest $25 mn in UK vehicle smart display firm
Hyundai Mobis Co., South Korea’s largest auto parts maker, said on Oct. 7 it will invest $25 million in a UK automotive smart display company in...
Oct 07, 2020 (Gmt+09:00)
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M&As
Hyundai Heavy, and five other Korean groups shortlisted for Doosan Infracore deal
Doosan Group has shortlisted six bidders, including Hyundai Heavy Industries Holdings Co., and four local private equity groups, to acquire a controll...
Oct 07, 2020 (Gmt+09:00)
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Batteries
China’s CATL poised to overtake LG Chem as top EV battery maker
Global competition for the world’s top spot for the manufacture of rechargeable batteries is getting fiercer as China is stepping up efforts to ...
Oct 05, 2020 (Gmt+09:00)
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Automobiles
Hyundai exports hydrogen vehicles to world’s No. 1 oil producer Saudi Aramco
Hyundai Motor Co. has shipped four hydrogen-powered vehicles to Saudi Arabian Oil Co., the world’s largest oil producer, at a time when even the...
Sep 28, 2020 (Gmt+09:00)
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M&As
Hyundai Heavy, MBK among prelim bidders of Doosan Infracore
Hyundai Heavy Industries Holdings Co., the world’s biggest shipbuilder and South Korea-based MBK Partners have submitted non-binding bids for a ...
Sep 28, 2020 (Gmt+09:00)
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Automobiles
Hyundai Motor hires two AI experts to strengthen foothold in future mobility
Hyundai Motor Group has hired two artificial intelligence experts as the company aims to secure its position in the future mobility sector, including ...
Sep 24, 2020 (Gmt+09:00)
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M&As
Lotte Group to invest $258 mn in Doosan Solus to boost footing in EV market
Lotte Group will commit 300 billion won ($257.5 million) to Doosan Solus Co., a battery copper foil and OLED materials maker acquired by SkyLake Inves...
Sep 23, 2020 (Gmt+09:00)
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Batteries
Tesla unveiling offers opportunity for Korean EV battery makers; shares down
Tesla Inc.’s announcement that it will adopt a new battery technology to significantly improve an electric vehicle’s range and power shoul...
Sep 23, 2020 (Gmt+09:00)
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Batteries
Tesla CEO's tweets allay concerns over EV battery supplies; LG Chem shares rise
Shares of LG Chem Ltd. rebounded on Sept. 22 from their shaky performance in the past few sessions, buoyed by Tesla Inc. founder Elon Musk’...
Sep 22, 2020 (Gmt+09:00)
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Electric vechicle
Urgent need to expand Korea's EV charging infrastructure: lobby group
It is critical that the South Korean government and carmakers swiftly move to increase local charging stations for electric vehicles and secure raw ma...
Sep 17, 2020 (Gmt+09:00)
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Hyundai Capital sells $2.5 bn dollar bond; Tongyang Life issues $300 mn perpetual bond
Hyundai Capital America, the US capital arm of Hyundai Motor Group, has issued $2.5 billion worth of global bonds, the largest amount for a local comp...
Sep 16, 2020 (Gmt+09:00)
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Automobiles
Hyundai Motor ships fuel cell system to non-automotive European startups
Hyundai Motor Co. has exported its fuel cell system to non-vehicle startups in Europe, expanding its hydrogen business beyond the automobile industry,...
Sep 16, 2020 (Gmt+09:00)
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Bond issue
Hyundai Card issues green bonds worth $379 mn to finance eco-friendly services
Hyundai Card Co. has issued green bonds worth 450 billion won ($379 million) to fund its green car financing services, the credit card company said on...
Sep 10, 2020 (Gmt+09:00)
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Hyundai Motor
Hyundai Motor wins temporary nod to send staff to Beijing bases
The Hyundai Motor Group will operate three chartered flights to dispatch its employees to Beijing Sept. 3 and Sept. 4, after winning temporary approva...
Sep 03, 2020 (Gmt+09:00)
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Batteries
Korean battery makers take charge in global EV market outperforming rivals
South Korean battery makers LG Chem Ltd., Samsung SDI Co., and SK Innovation Co. are steaming ahead in the global electric vehicle market pulling in a...
Sep 01, 2020 (Gmt+09:00)
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electric vehicle battery
Korean manufacturers tangled in EV battery feud; Korean court rules in favor of LG Chem
The Seoul Central District Court has upheld the validity of LG Chem Ltd.'s patent infringement case in the US against SK Innovation Co. in its fi...
Aug 28, 2020 (Gmt+09:00)
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Hyundai Heavy Industries
Hyundai Heavy world's first in LNG-powered container launch
South Korean shipbuilding giant Hyundai Heavy Industries Co. has launched the world’s first Very Large Container Ship (VLCS) powered by liquefie...
Aug 24, 2020 (Gmt+09:00)
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Tech, Media & Telecom
Hyundai Motor aims to launch world’s first commercial robotaxi
Hyundai Motor Co. is aiming to launch the world’s first commercial robotaxi, or Level 4 autonomous driving with no humans involved, as global au...
Aug 19, 2020 (Gmt+09:00)
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Battery
Korea’s leading EV battery makers’ R&D spending hits record $1 bn in H1
South Korea’s three leading electric-vehicle (EV) battery makers are investing heavily in EV research & development projects to gain ground ...
Aug 18, 2020 (Gmt+09:00)