News
Hyundai Unveils IONIQ V at Beijing Auto Show
13+ hour, 35+ min ago (237+ words) Businesskorea The China-focused EV debuts globally at Auto China 2026 in Beijing Hyundai Motor unveiled the "IONIQ V" for the first time in the world at the "Auto China 2026" (2026 Beijing International Motor Show), held at the China International Exhibition Center, Shunyi…...
Honda Closes Auto Business in Korea After 23 Years" Presence
1+ day, 3+ hour ago (272+ words) Honda Korea will bring its domestic automobile sales business to a close by the end of this year, marking an exit 23 years after the company first entered the Korean automotive market in 2004. Following Nissan and Infiniti's withdrawal in 2020, Honda's decision…...
LS Eco Energy Supplies UHV Cables to Vietnam Project
2+ day, 13+ hour ago (280+ words) Businesskorea LS-VINA delivers ultra-high-voltage cables for Vingroup's Hai Phong new town development LS Eco Energy announced on April 22 that its Vietnam production subsidiary, LS-VINA, has supplied ultra-high-voltage cables to Vingroup's Hai Phong new town development project. Vingroup, Vietnam's largest private…...
EU Envoy Says Renewables Boost Competitiveness Without Price Shock
3+ day, 16+ hour ago (288+ words) Ugo Astuto, Ambassador of the European Union (EU) to the Republic of Korea, has stated, "The dilemma of electricity rates and industrial competitiveness when expanding renewable energy has already been overcome." Ambassador Astuto gave this answer during a press conference…...
Hyundai Expands India Mobility With 3-Wheel EV
3+ day, 16+ hour ago (149+ words) Hyundai Motor Company has partnered with a local company to expand its India-specific micromobility. Hyundai Motor announced on April 20 (local time) in Delhi, India, that it has signed a joint development agreement with TVS Motor for the development and commercialization…...
China Is Now No. 2 Auto Exporter After Germany
2+ week, 7+ hour ago (613+ words) Businesskorea Chinese automakers are expanding beyond emerging markets and pressuring Korean and Japanese automakers China's automobile industry has risen to a level comparable to the world's No. 2, overtaking Japan. The Bank of Korea (BOK) assessed that China's automakers could further…...
EV Demand Slowdown Deepens Profitability Hit for Korean Battery Makers
2+ week, 3+ day ago (367+ words) LG Energy Solution, Korea's top battery maker, failed to escape its quagmire of losses in the first quarter of this year. As profitability has sharply deteriorated due to a prolonged slowdown in electric vehicle (EV) demand, known as the "chasm…...
Hyundai E&C Moves to Secure Next-Gen Mobility Infrastructure Technologies
2+ week, 3+ day ago (396+ words) Businesskorea The agreement is designed to strengthen technological capabilities in the infrastructure sector and build an organic cooperation system Hyundai Engineering & Construction (Hyundai E&C) is accelerating the development of advanced infrastructure technologies through collaboration with major research institutions. The company…...
Global EV Battery Use Rises While Korea's Top Three Slip
2+ week, 3+ day ago (267+ words) Despite the electric vehicle "Chasm" (a temporary stagnation in demand), global EV battery usage continued to grow, while the market share of Korea's three major battery companies showed a decline. According to energy market research firm SNE Research on April…...
1 Million Made-in-China Cars Sold in Europe Last Year, Getting 7% Market Share
2+ week, 4+ day ago (632+ words) Businesskorea EU imports of China-made vehicles surge to 7% market share, pressuring Korean and Japanese brands who stayed with just 3% and 4%, respectively The market share of Chinese-made cars in the European automotive market is surging, putting pressure on the standing of…...