Hyundai-LG Energy battery swapping
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LG Chem to hold market lead with tenfold battery patents vs CATL: executive
South Korea’s LG Chem Ltd., which has heavily invested in research and development projects, says it will retain its market lead over close riva...
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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Proxy adviser
Top proxy adviser ISS approves of LG Chem’s battery spin-off
LG Chem Ltd.’s plan to spin off its promising battery business has won support from the world’s top proxy adviser Institutional Shareholde...
Oct 16, 2020 (Gmt+09:00)
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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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Roll-up TVs
LG Electronics to launch world’s first roll-up TV in October
LG Electronics Inc. plans to release the world’s first roll-up TV later this month as the South Korean consumer electronics giant aims to enhanc...
Oct 12, 2020 (Gmt+09:00)
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Earnings
LG Chem surprises market with record Q3 earnings estimates
LG Chem Ltd., South Korea’s largest chemical and electric vehicle battery maker, expects its quarterly revenue and operating profit to rise to a...
Oct 12, 2020 (Gmt+09:00)
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LG Electronics
LG Electronics expects record Q3 results on brisk home appliance, TV sales
LG Electronics Inc. expects its operating profit to rise to a quarterly record in the July-September period thanks to solid growth in its television a...
Oct 08, 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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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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Batteries
Dust over Tesla settles; Morgan Stanley upgrades LG Chem to ‘overweight’
South Korea’s LG Chem Ltd. is an attractive stock with 27% upside potential on removal of uncertainty over its battery business spin-off and Tes...
Sep 24, 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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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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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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M&A
LG Household continues cross-border M&A push in cosmetics market
LG Household & Health Care Ltd. was the most aggressive South Korean cosmetics firm in the cross-border M&A market between 2010 and 2019, with...
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)
Latest News
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