India EV battery plant
Scope
Date
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Batteries
China, beneficiary of Korea’s surging EV cell material exports
South Korea’s exports of cathodes for secondary batteries are surging with the booming electric vehicle industry, but the country’s trad...
Sep 05, 2023 (Gmt+09:00)
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Batteries
SK Nexilis inks $1.5 bn copper foil deal with Envision AESC
SK Nexilis Co. has signed a 2 trillion won ($1.5 billion) contract to supply copper foil, a core material in electric vehicle cells, to Chinese seco...
Sep 05, 2023 (Gmt+09:00)
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Automobiles
Hyundai leads Indonesia’s EV push with locally produced IONIQ 5
Hyundai Motor Co. has emerged as Indonesia’s top electric vehicle seller, driven by its locally produced flagship model, the IONIQ 5, as the S...
Sep 05, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion to expand new plant for drug products
South Korean biopharmaceutical firm Celltrion Inc. announced on Tuesday that it plans to enlarge its finished pharmaceuticals manufacturing facility...
Sep 05, 2023 (Gmt+09:00)
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Batteries
SK On’s prismatic battery push fares well: Vice chair
MUNICH -- SK On Co. is making good progress in developing prismatic battery cells, its Senior Vice Chairman Chey Jae-won said on Tuesday, five month...
Sep 05, 2023 (Gmt+09:00)
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Food & Beverage
CJ Foodville to invest $37 mn to build bakery plant in US
Tous les Jours, the bakery brand under South Korea's CJ Foodville, unveiled plans on Tuesday to invest over 50 billion won ($37 million) in its firs...
Sep 05, 2023 (Gmt+09:00)
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Automobiles
Samsung signs contract to supply camera modules to US EV company
Samsung Electro-Mechanics Co. has signed a contract to supply camera modules for vehicles to the US electric vehicle company. The company is believe...
Sep 04, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung commits $3.7 mn to chipmaking education at UT Austin
Samsung Electronics Co. has committed $3.7 million to University of Texas at Austin’s Cockrell School of Engineering to educate talent and boo...
Sep 04, 2023 (Gmt+09:00)
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Asset management
Mirae Asset No. 1 among overseas asset managers in India
MUMBAI – South Korea’s Mirae Asset Global Investments Co., managing 22 trillion won ($16.7 billion) in India, ranks No. 1 among overseas...
Sep 04, 2023 (Gmt+09:00)
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Electric vehicles
LG Magna to build plant in Hungary for European EV market
MUNICH -- LG Magna e-Powertrain Co., a joint venture between South Korea’s LG Electronics Inc. and Canada’s Magna International Inc., ha...
Sep 04, 2023 (Gmt+09:00)
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Future mobility
Samsung trio premiere future mobility solutions at IAA Mobility 2023
MUNICH, GERMANY – The automotive electronics and parts-making units of Samsung Group are making a grand debut together at this year’s IA...
Sep 04, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia see US sales increase for 13th consecutive month
South Korea’s largest automaker Hyundai Motor Co. and its sister company Kia Corp. posted a record 13th consecutive month sales increase last ...
Sep 04, 2023 (Gmt+09:00)
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Steel
POSCO mulls opening integrated steel plant in India
CHENNAI, INDIA – POSCO, the South Korean steel giant under POSCO Holdings Inc., is considering opening an integrated steel mill in India ...
Sep 04, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia hope to turn Indians into EV consumers
CHENNAI, INDIA – When Hyundai Motor Co. decided to establish its operations in Chennai, India, 27 years ago, many of its executives in Seoul q...
Sep 04, 2023 (Gmt+09:00)
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Batteries
S.Korea's Posco International secures graphite in Africa
South Korea's POSCO International Corp. is broadening its footprint in Africa's secondary battery raw material sector, with plans to secure an annua...
Sep 04, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor unveils N brand’s first EV IONIQ 5 N
Hyundai Motor Co. on Monday announced the launch of its first-ever high-performance electric vehicle (EV) of its N brand, the IONIQ 5 N.The new EV b...
Sep 04, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai, LG to spend combined $7.6 bn to build EV, battery plants in US
Hyundai Motor Group and LG Energy Solution Ltd. will spend a combined $7.59 billion to build electric vehicle and battery cell plants in Georgia, th...
Sep 01, 2023 (Gmt+09:00)
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Bio & Pharma
Hugel resubmits application to FDA for botulinum toxin product
South Korea's biopharmaceutical company Hugel Inc., announced on Friday that it has resubmitted applications to the US Food and Drug Administration ...
Sep 01, 2023 (Gmt+09:00)
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Energy
Hanwha Q Cells brings forward US solar module production
Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group, brought forward operations of a US pla...
Sep 01, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Mirae Asset seeks to buy India’s 9th-largest brokerage Sharekhan
South Korea’s leading asset manager Mirae Asset Financial Group aims to enhance its presence in India by acquiring Sharekhan, the Southeast As...
Aug 31, 2023 (Gmt+09:00)
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Batteries
SK On unveils new material to improve EV battery capacity
SK On Co., the world’s fifth-largest electric vehicle cell maker, has unveiled a new material to improve its competitiveness in the solid-stat...
Aug 31, 2023 (Gmt+09:00)
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Energy
Hyundai Steel's offshore wind power plant gets int’l certification
South Korea’s Hyundai Steel on Wednesday said its Ulsan Factory 2 in the southern coastal city of Ulsan received certification as an offshore ...
Aug 31, 2023 (Gmt+09:00)
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Batteries
Hyundai to invest $398 mn in Korea Zinc for battery materials
Hyundai Motor Group, the global No. 3 automaker, is set to invest $398 million in Korea Zinc Inc., the world’s top lead and zinc smelter, for ...
Aug 30, 2023 (Gmt+09:00)
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Electric vehicles
France’s new EV subsidy bill may violate Korea-EU FTA: KITA
The South Korean auto industry has called for an amendment in France’s new subsidy policy for electric vehicle purchases after voicing concern...
Aug 30, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea to develop ultra-low-power AI chips by 2030
South Korea will develop artificial intelligence (AI) chips by 2030 able to perform more than 10 trillion operations per second, while consuming ver...
Aug 29, 2023 (Gmt+09:00)
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Automobiles
Kia’s Hwaseong plant halted due to fire; K5, K8, EV6 output affected
Kia Corp., South Korea’s second-largest automaker, said on Tuesday the operation of its car manufacturing plant in Hwaseong, 80 km southwest o...
Aug 29, 2023 (Gmt+09:00)
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Automobiles
S.Korea's Kumho HT to set up local subsidiary in India
South Korea's automotive lighting device maker Kumho HT, Inc. announced on Monday its strategy to set up an India corporation, capitalizing on the b...
Aug 29, 2023 (Gmt+09:00)
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Batteries
Korean firms fret over growing adoption of Chinese LFP batteries
South Korea’s three major battery makers – LG Energy Solution Ltd., SK On Co. and Samsung SDI CO. – are increasingly anxious about...
Aug 28, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to self-develop EV chargers to slow Tesla’s ascent
Hyundai Motor Group will develop ultra-fast electric vehicle chargers with its proprietary technology to catch up to the world’s No. 1 EV make...
Aug 28, 2023 (Gmt+09:00)
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Batteries
S.Korean battery trio face union risk in US after Ultium Cells’ wage deal
South Korean electric vehicle battery majors’ plan to run more than 10 EV battery manufacturing plants in the US may hit a snag due to the loo...
Aug 25, 2023 (Gmt+09:00)
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