Hyundai Motor EV battery pack plant
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Proxy adviser
Glass Lewis recommends LG Chem investors approve battery spin-off
Leading proxy adviser Glass Lewis has recommended that LG Chem Ltd. investors vote to approve the company’s plan to split off its battery busine...
Oct 15, 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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KEPCO set to finance $190 mn for Vietnam’s coal power plant project
Korea Electric Power Corp. (KEPCO) will move forward with its participation in Vietnam’s coal-fired power plant project, after the deal came c...
Oct 05, 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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Batteries
LS Electric develops battery temperature sensor for ESS
LS Electric Co., a South Korean electric power and automation equipment maker, has developed a battery cell temperature sensor (BTS) that can monitor ...
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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Investment banking
Global IBs scurry to win IPO mandates for LG Chem’s battery business spin-off
Global investment banks are scrambling to win IPO mandates for LG Chem Ltd.’s battery business, which the South Korean company plans to hiv...
Sep 22, 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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Pre-IPO
SK Innovation’s battery arm secures $258 mn in pre-IPO placement
SK Innovation Co.’s wholly owned subsidiary SK IE Technology Co. (SK IET) is set to fetch 300 billion won ($257.6 million) in a pre-IPO placemen...
Sep 22, 2020 (Gmt+09:00)
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Automobiles
HAAH Automotive proposes $258 mn investment in Ssangyong Motor
HAAH Automotive Holdings Inc., a US automobile distributor, has offered to invest 300 billion won ($258 million) in Ssangyong Motor Co. as part of its...
Sep 21, 2020 (Gmt+09:00)
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Batteries
LG Chem says dual listing of battery subsidiary possible, rules out pre-IPO
South Korea’s LG Chem Ltd. may list its soon-to-be-launched battery subsidiary not just on the local bourse but also on overseas exchanges to ra...
Sep 18, 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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Batteries
LG Chem to launch battery affiliate Dec. 1; IPO under review
LG Chem Ltd., South Korea’s leading chemicals maker, has endorsed a company plan to spin off its battery business as a standalone entity to stre...
Sep 17, 2020 (Gmt+09:00)
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LG Group
LG Chem to spin off battery business as wholly owned subsidiary
LG Chem Ltd. will spin off its secondary battery business into a wholly owned subsidiary in a move to foster its automotive battery business, accordin...
Sep 16, 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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LG Chem flies lithium-sulfur battery-loaded aircraft into stratosphere
LG Chem Ltd. has completed a test flight of an unmanned plane in the stratosphere using its lithium-sulfur battery for the first time in South Korea.T...
Sep 14, 2020 (Gmt+09:00)
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Battery
LG Chem flew lithium-sulfur battery-loaded aircraft into the stratosphere.
LG Chem Ltd. has completed a test flight of an unmanned plane at the highest altitude using its lithium-sulfur battery for the first time in South Kor...
Sep 14, 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)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore