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News
Eco-friendly cars account for half of new car registrations in H1
2+ mon, 2+ day ago (252+ words) SEOUL, July 12 (Yonhap) -- Eco-friendly vehicles accounted for half of new car registrations in South Korea in the first half of this year, driven by a sharp increase in electric vehicle (EV) sales, an auto market tracker said Sunday. It marked…...
[PRNewswire] SEG Solar Announces Third U.S. Factory
3+ mon, 1+ week ago (235+ words) Yonhap News Agency The new facility is being planned to support SEG's transition toward next-generation HJT technology, enabling high-efficiency module production aligned with the evolving needs of the U.S. market. The facility is also designed to support FEOC-compliant module production through…...
LG Energy Solutions to supply $1.6 bln worth of ESS batteries to U.S. firm
3+ mon, 2+ week ago (166+ words) SEOUL, May 28 (Yonhap) -- LG Energy Solutions Ltd. said Thursday it has clinched an agreement with a U.S. energy company to supply energy storage system (ESS) batteries worth US$1.6 billion. The South Korean battery maker said it will supply a total of…...
Massive financial support in store for auto parts makers' biz shift toward future mobility
4+ mon, 13+ hour ago (213+ words) SEOUL, May 14 (Yonhap) -- The industry ministry said Thursday that nearly 20 trillion won (US$13.4 billion) in financial support will be provided to auto-parts makers this year to help their financing for research and development (R&D), as well as business shifts for…...
Gov't to implement evaluation system for EV subsidies in July
4+ mon, 1+ day ago (201+ words) Yonhap News Agency SEJONG, May 13 (Yonhap) -- South Korea will newly implement an evaluation system to give out subsidies to electric vehicle (EV) manufacturers starting in July, with a focus on promoting contributions to domestic supply chains, the climate ministry said…...
Online shopping sales top record high of over 25 tln won in March on Tesla demand surge
4+ mon, 1+ week ago (162+ words) SEOUL, May 4 (Yonhap) -- Online shopping sales in South Korea rose 13.3 percent from a year earlier to a new monthly high in March, driven by strong demand for Tesla vehicles and transactions in food services, government data showed Monday. The value…...
(2nd LD) LG Energy Solution swings to Q1 loss amid EV market slowdown
4+ mon, 2+ week ago (371+ words) (ATTN: ADDS details on battery supply deal in paras 5-8) SEOUL, April 30 (Yonhap) -- LG Energy Solution Ltd. said Thursday it swung to a net loss in the first quarter from a year earlier, as weakening global demand for electric vehicle (EV)…...
(LEAD) Hyundai Mobis Q1 net falls 14 pct on weaker vehicle demand amid Middle East tensions
4+ mon, 2+ week ago (223+ words) SEOUL, April 24 (Yonhap) -- Hyundai Mobis Co., South Korea's leading auto parts maker, said Friday its first-quarter net profit fell 14 percent from a year earlier as weaker global vehicle demand weighed on earnings. Net profit for the three months ending in…...
LG Energy targets 50 pct productivity gain by 2028 on AI push
5+ mon, 1+ day ago (225+ words) SEOUL, April 13 (Yonhap) -- LG Energy Solution Ltd., South Korea's leading battery maker, said Monday it aims to boost productivity across its operations by 50 percent by 2028 through artificial intelligence transformation (AX). Chief Executive Officer (CEO) Kim Dong-myung outlined the goal in…...
Hyundai Motor's March sales dip 2.3 pct as geopolitics affect global sales
5+ mon, 1+ week ago (146+ words) SEOUL, April 1 (Yonhap) -- Hyundai Motor Co., South Korea's largest automaker, said Wednesday its sales fell 2.3 percent from a year earlier in March, as the conflict in the Middle East affected the company's global sales. Hyundai Motor sold 358,759 vehicles last month,…...