LG Energy Solution is actively expanding its business in North America. Following its success in electric vehicle batteries, the company is now accelerating its Energy Storage Systems (ESS) business. The growth of ESS is closely tied to the increasing generation of renewable energy.According to the
Kia announced on Jan. 11 that it signed a partnership with Uber at CES 2024, the world’s largest electronics and IT trade show currently being held at the Las Vegas Convention Center in the U.S.Through the agreement, both companies will work to identify the optimal vehicle specifications for Uber dr
On Jan. 10 (local time), Park Jeong-won, the chairman of Doosan Group, visited the CES 2024 event at the Las Vegas Convention Center in the United States. Accompanying him were several top executives, including Park Ji-won, vice chairman of the Group; Scott Park, vice chairman of Doosan Bobcat; Jeon
The Supernal, a subsidiary of Hyundai Motor Group’s AAM division, took the wraps off a full-scale model of its next-generation vertical takeoff and landing aircraft, the S-A2, for the first time at CES 2024, the world’s largest consumer electronics and information technology (IT) exhibition that kic
Doolim-Yaskawa, a leader in the robot-based automation industry, is supplying a painting automation solution to Hyundai Motor Group's US car factory. Last month, they completed the Off-Line Test (OLT) of their robot system in their own factory and announced that they are currently working on a proje
HL Group, a leading electric vehicle and autonomous driving solutions company, announced a mobility software agreement with Amazon Web Services (AWS) at CES 2024 in Las Vegas in the U.S.The agreement ceremony, held on Jan. 9 at the CES 2024 HL Mando booth, was attended by HL Mando’s Vice Chairman Ch
Considering the key role of electronics in future cars, alliances between electronics and automotive companies, dubbed E-Vehicle Alliances, are being formed worldwide.Sony Honda Mobility, the electric vehicle joint venture of Sony and Honda, held a press conference in Las Vegas on Jan. 8 (local time
Korea’s three major battery makers lost to China’s CATL and BYD in the global electric vehicle battery market standings from January to November 2023, dropping by 1.3 percentage points year on year.According to SNE Research, a market research firm specializing in energy, the total usage of batteries
Vamos Formula E! This weekend, the ABB FIA Formula E World Championship gets Season 10 underway at a global metropolis with a population of roughly 22 million: Mexico City.The Hankook Mexico City E-Prix will take place on the 12th and 13th of January at Autodromo Hermanos Rodriguez in the Mexican ca
Hanwha Q CELLS has signed the largest solar power contract in U.S. history with Microsoft.The solar power-specialized company announced on Jan. 8 (local time) that it has signed a contract with Microsoft to supply a total of 12 gigawatts (GW) of solar panels through 2032. This is an increase in size
Doosan Group announced on Jan. 9 (local time) that it held a press conference ahead of the opening of CES 2024 in Las Vegas in the U.S. on Jan. 8 (local time).The event was held at the Mandalay Bay Convention Center in Las Vegas with the attendance of more than 200 media employees from around the wo
Hyundai Motor India Limited (HMIL), announced Rs 6 180 Crore investment plans in the state of Tamil Nadu (this includes Rs 180 crore towards a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with IIT- Madras). This is in addition to the Rs 20 000 Crore investment planned in a phased manne
Hyundai Motor Company today presented its vision for a hydrogen-powered, software-driven transformation beyond mobility applications at CES 2024. Under the theme ‘Ease every way,’ the company held its Media Day at the Mandalay Bay Convention Center in Las Vegas to highlight its future blueprint for
Hyundai Mobis (KRX 012330) a global automotive supplier, unveiled the “MOBION” electric vehicle (EV), equipped with the next-generation ‘e-Corner System’ motion technology, for the first time at CES 2024. During the exhibition, visitors and customers have the first-hand opportunity to experience MOB
In 2023, overseas construction orders totaled US$33.31 billion, exceeding US$30 billion for the fourth consecutive year. However, it is just short of the target of US$35 billion.According to the Ministry of Land, Infrastructure, and Transport (MOLIT) on Jan. 8, 321 Korean overseas construction compa
The joint battery plant of Chinese battery maker CATL and U.S. automaker Ford in the United States is not excluded from those eligible for subsidies under the local Inflation Reduction Act (IRA) of the U.S. government, a leading Chinese newspaper reported.“Ford has not found anything in the IRA or i
LG Electronics continued its strong performance in 2023, setting new records in sales for the third consecutive year and achieving significant growth. Notably, in the fourth quarter of 2023, its operating profit surged by an impressive 350.9% compared to the same period last year, demonstrating soli
Three mid-sized Korean-based automakers -- GM Korea, KG Mobility, and Renault Korea Motors -- exported eight out of every 10 units they sold last year, according to industry sources. These three companies, which exited the tunnel of losses by expanding exports, plan to solidify their rebound momentu
Previously dedicated to producing pouch-type batteries, SK on has now embarked on the development of the “4680 battery,” a product Tesla has successfully made a game-changer in the electric vehicle (EV) market. This move to broaden its portfolio by adding cylindrical batteries follows its success wi
In 2023, foreign direct investment (FDI) in Korea exceeded US$32.7 billion, a record high. High-tech materials, parts, and equipment such as semiconductors, secondary batteries, and biotech items led the increase in FDI in Korea.According to the Ministry of Trade, Industry and Energy on Jan. 4, FDI