BMW Group Korea and the Korea Institute for Advancement of Technology concluded a business agreement on Nov. 2 for mutual cooperation in the field of future mobility.The purpose of the agreement is to facilitate R&D between non-large South Korean companies and their global clients and help the forme
Hyundai Motor Co. and Kia Corp. have recently decided to make strategic investments in Factorial Energy, a U.S. battery startup, to jointly develop and produce all-solid-state batteries for electric vehicles.Located in Woburn, Massachusetts, Factorial Energy is a startup that developed Factorial Ele
SK Innovation announced on Oct. 28 a partnership with Solid Power, an industry-leading developer of all-solid-state battery cells, to develop all-solid-state batteries under a memorandum of understanding (“MoU”) and joint development agreement (“JDA”). SK Innovation also commits to make a US$30 mill
Hyundai Motor Group announced on Oct. 27 that its IONIQ 5 has won a 2022 German Car of the Year (GCOTY) award in the “New Energy” category. As a class winner, the automaker’s full-electric midsize CUV will automatically take part in the final round of the GCOTY. IONIQ 5 will compete against the winn
LG Energy Solution, SK On and Samsung SDI are preparing to manufacture next-generation high-nickel batteries for use in electric vehicles.LG Energy Solution and SK On are planning to start NCMA and NCM9 battery manufacturing within this year, respectively. Samsung SDI initiated the mass production o
Hyundai Motor and Kia recorded the highest-ever market share in Europe in September. The two Korean automakers alone achieved high growth in the European market, while other global makers suffered a sharp sales drop.Hyundai Motor and Kia sold a combined total of 108,344 vehicles in Europe in Septemb
Samsung SDI’s lithium-ion batteries will power Rolls-Royce's first electric vehicle. In 2020, Rolls-Royce laid out an electrification strategy, announcing it will launch a pure battery electric vehicle, not a hybrid vehicle, in the 2020s.Rolls-Royce chose Samsung SDI because of its close partner
Volkswagen and Toyota announced this month that they would invest 57 trillion won in EV battery production. Their purposes are the same, that is, self-supply. In other words, the two biggest companies in the global automotive industry are planning to produce EV batteries on their own.This is likely
The White House and the U.S. Department of Commerce convened a meeting to discuss the ongoing global semiconductor shortage. The meeting is scheduled to be attended by Samsung Electronics, TSMC, Apple, Intel, Ford, GM, Microsoft, Daimler and BMW.The meeting is likely to focus on the enhancement of t
European automakers are joining the global hydrogen vehicle market, which is being led by Hyundai Motor Group. The growth of the market is expected to accelerate.BMW is planning to release its first hydrogen vehicle in 2030 or earlier. The company recently unveiled a prototype hydrogen vehicle based
The IONIQ 5, Hyundai Motor's electric compact crossover SUV, beat electric vehicles from BMW and Audi in an evaluation conducted by a German automobile magazine.Hyundai Motor said on Sept. 12 that Germany's Auto Zeitung recently evaluated three compact crossover electric vehicles -- the IONI
Apple is expected to develop its electric car on its own. The company recently sent requests for quotation to global auto parts manufacturers, which means it will choose its partner in the near future.According to industry sources, production is likely to be outsourced, as in the case of iPhones. Ta
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. While Samsung SDI has been conservative in expanding its production capacity thus far, the firm is likely to aggressively ramp up capacity down the road on the securing of additional orders from m
Austria's ZKW, an automotive lighting equipment subsidiary of LG Electronics, announced on Sept. 2 that it will expand its production lines in Mexico.ZKW's plant in Silao, Mexico, has been manufacturing premium lighting systems since 2016. This time, it will more than double the plant site f
Hydrogen vehicles are emerging rapidly as green cars of the future. Hyundai Motor Co. and Toyota are currently leading the market, and German automakers are throwing down the gauntlet.It is in the market segment of commercial hydrogen vehicles that competition is heating up. Diesel trucks are being
Global electric vehicle (EV) sales more than doubled in the first half of 2021 compared with a year ago. Yet, Hyundai Motor and Kia Corp. suffered a setback in their shares as the global market growth was driven by Chinese companies.Market research firm SNE Research said on Aug. 23 that 17.87 millio
BMW Korea, Honda Korea and Jeep Korea considerably increased their sales volumes last month, when South Korean automakers stepped backwards with the only exception of Kia.Last month, Honda sold 327 cars in the South Korean market, up 153.5 percent from a year ago. Jeep Korea’s sales volume increased
With imported cars expanding their market share in Korea, luxury imported cars worth more than 100 million won are enjoying strong sales.Imported cars worth 100 million won or higher sold 39,965 units in the first seven months of the year, accounting for 23.2 percent of the 172,146 imported cars sol
SK Innovation and Ford will establish a battery plant in Europe, extending their battery joint venture beyond the United States. Ford has selected SK Innovation as a partner in its invasion of Europe, the largest electric vehicle (EV) market."We're very excited about this joint venture, and it
CarIsYou Data Lab announced on Aug. 3 that a total of 159,043 cars were newly registered in South Korea last month, down 4.8 percent from the previous month and down 8.6 percent from a year ago.The figure is divided into 134,158 domestic and 24,885 imported cars. The figures fell 13.1 percent and ro