Hyundai Energy
Scope
Date
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Aerospace & Defense
LIG Nex1, Hyundai Rotem to team up for Middle East export
South Korea's major defense maker LIG Nex1 Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with Hyundai Rotem Co. to...
Feb 06, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Glovis, KOBC sign deal for car carriers
Hyundai Glovis Co. and Korea Ocean Business Corporation (KOBC) announced on Monday that they will sign a business agreement on Feb. 6. related to ...
Feb 05, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor mulls India unit IPO to raise $3 bn
Hyundai Motor India is in the early stages of talks to go public later this year to raise at least $3 billion, Reuters reported on Monday, as Hyunda...
Feb 05, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor to expand into secondhand EV market
Hyundai Motor Co. will expand its certified secondhand car business into electric vehicles (EVs) to increase the range of used vehicles it deals wit...
Feb 05, 2024 (Gmt+09:00)
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Energy
HD KSOE seeks to build nuclear power plant ships
HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) is hastening to advance into the nuclear power plant ship market in collaboration wit...
Feb 04, 2024 (Gmt+09:00)
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Energy
POSCO Int’l to invest $760 mn in energy business in 2024
POSCO International Corp., a South Korean general trading and energy exploration company, will invest 1 trillion won ($760 million) in its energy bu...
Feb 02, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia EV sales on a roll in US due to better style, pricing
Hyundai Motor Co. and its sibling Kia Corp. sold 6,627 units of electric vehicles together in the US last month, 51% more than a year ago as their d...
Feb 02, 2024 (Gmt+09:00)
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Construction
Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects
Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last year on overseas proj...
Feb 02, 2024 (Gmt+09:00)
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Future mobility
Aptiv to cut stake in Motional, self-driving JV with Hyundai
Aptiv PLC, a US autonomous driving technology company, has decided to reduce a significant portion of its stake in Motional, a self-driving tec...
Feb 01, 2024 (Gmt+09:00)
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Carbon neutrality
HD Hyundai to supply low carbon solution to POSCO
HD Hyundai Marine Solution Co., a ship components manufacturer, said on Thursday it has agreed to supply an artificial intelligence- and big data-ba...
Feb 01, 2024 (Gmt+09:00)
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Retail
Hyundai Dept. Store launches membership for foreigners
South Korea's Hyundai Department Store Group announced on Thursday that it launched H Point Global, a dedicated membership service for foreign cus...
Feb 01, 2024 (Gmt+09:00)
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Construction & Planning
SGC eTEC, OCIM to co-work for green biz in Malaysia
South Korea’s SGC eTEC E&C Co. said on Thursday that it signed an agreement with OCIM, OCI Holdings Co. 's Malaysian subsidiary, to join...
Feb 01, 2024 (Gmt+09:00)
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Infrastructure
Digital assets emerge as Korean LPs' No. 1 infrastructure target
Digital infrastructure, such as data centers, towers and smart meters, will be the hottest infrastructure asset this year for South Korean limited par...
Jan 31, 2024 (Gmt+09:00)
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Batteries
LG Energy Solution's ESS division posts first-ever profit
LG Energy Solution Ltd.'s energy storage system (ESS) division posted its first-ever profit on the back of growing replacement demand and new constr...
Jan 30, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai, BAIC join hands to develop China-only EV brand
BEIJING – Hyundai Motor Co. has joined hands with Beijing Motor Corp. (BAIC) to debut a new electric vehicle brand specifically tailored to Ch...
Jan 29, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis eyes strong overseas orders again in 2024
Hyundai Mobis Co., the world’s sixth-largest automotive parts maker, known as Mobis outside of its home South Korea, expects another strong ye...
Jan 29, 2024 (Gmt+09:00)
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Advertising & Marketing
Hyundai Team secures victory at 2024 WRC Monte Carlo Rally
Hyundai Motor Group announced on Monday that Thierry Neuville of the Hyundai team secured the first-place victory at the Monte Carlo Rally, the inau...
Jan 29, 2024 (Gmt+09:00)
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Electronics
Carrier releases large inverter air conditioner combining AI, inverter tech
Carrier Corp. announced on Monday that it will release a large inverter air conditioner, combining artificial intelligence (AI) and inverter technol...
Jan 29, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai launches world's first mega methanol-fueled container
South Korean shipbuilding giant HD Hyundai Co. marked a major milestone in the maritime industry on January 28, christening the world's first mega m...
Jan 29, 2024 (Gmt+09:00)
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Batteries
LG Energy to supply $748 million worth of batteries to Japan’s Isuzu Motors
LG Energy Solution Ltd., one of the world’s leading battery makers, has agreed to supply its cylindrical batteries to Isuzu Motors Ltd., Japan...
Jan 26, 2024 (Gmt+09:00)
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Earnings
LG Energy leaves 2024 capex unchanged despite softer demand
LG Energy Solution Ltd. will break through the anticipated slowdown in global electric vehicle demand this year with enhanced technology leadership ...
Jan 26, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis sees record high performance in 2023
South Korea’s Hyundai Mobis, the world’s sixth-largest auto parts maker, reported on Friday that its revenue was 59.25 trillion won ($44...
Jan 26, 2024 (Gmt+09:00)
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Economy
Korea needs population growth for sustainability: World Bank chief
World Bank President Ajay Banga said on Thursday that South Korea needs to boost population growth by easing the fierce competition in education and...
Jan 25, 2024 (Gmt+09:00)
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Energy
OCI to strengthen solar energy biz in Malaysia
OCI Holdings Co. announced on Thursday that it hosted a charity event in Sarawak, Malaysia, aiming to strengthen local ties in the region home to it...
Jan 25, 2024 (Gmt+09:00)
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Earnings
Hyundai Motor, Kia: S.Korea’s highest earners, Tesla’s biggest rival in US
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, became the country’s highest earners in 2023, buoyed by robust sa...
Jan 25, 2024 (Gmt+09:00)
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Automobiles
Daedong Gear to supply $137mn EV parts to Hyundai
Daedong Gear Co., a powertrain subsidiary of South Korea’s Daedong Group, announced on Thursday that it has won a 183.6 billion won ($137 mill...
Jan 25, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, SK Enmove to join forces for next-generation vehicle refrigerants
Hyundai Motor Group and SK Enmove Co. on Thursday signed a memorandum of understanding to collaborate in developing refrigerants for next-generation...
Jan 25, 2024 (Gmt+09:00)
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Batteries
LG Energy to invest in Li-metal battery developer Sion Power
Global lithium-ion battery major LG Energy Solution Ltd. will invest in Sion Power Corp., a US startup holding core patents in lithium-metal battery...
Jan 25, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai, Hanwha delivers 1st of 12 container ships to HMM
South Korea’s top container line HMM Co. said on Wednesday that it held a naming ceremony for HMM Garnet, a 13,000 twenty-foot equivalent unit...
Jan 24, 2024 (Gmt+09:00)
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Automobiles
Hyundai Wia logs $780 mn in constant velocity joint orders
Hyundai Wia Corp., a South Korean automotive parts manufacturer, said on Wednesday it secured 1.045 trillion won ($781 million) worth of overseas or...
Jan 24, 2024 (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