The share of eco-friendly cars in Korea’s total automobile exports has exceeded 30 percent for the first time.The Korea International Trade Association announced on July 11 that green car exports from January to May this year hit US$6.18 billion, accounting for 30.3 percent of the total automobile e
It is predicted that solar power will be a partial solution to the ongoing EV battery shortage.In fact, the first car equipped with a solar roof was released in as early as 2009. However, since then, the automotive solar panels have shown little improvement. The roofs are still heavy, and their elec
Hyundai Motor Co. has selected SK On as its battery partner in the United States. The two companies are in eleventh-hour talks over Hyundai Motor's equity investment in SK On's battery plant to be built in the state of Georgia with an annual production capacity of 40GWh.The new plant is expe
SK On and LG Energy Solution have won large orders for secondary batteries for next-generation electric vehicles (EVs) from Hyundai Motor Group. SK On has won a contract to exclusively supply batteries for the EV9, a large electric sports utility vehicle (SUV) that Kia Corp. plans to release next ye
Market research firm SNE Research announced on March 31 that the global EV battery usage was 53.5 GWh in January and February this year and more than doubled in one year.According to it, the usage of LG Energy Solution batteries was 7.4 GWh, up 37.6 percent from a year ago. It came in second, althou
The author is an analyst of Shinhan Investment Corp. He can be reached at yjjung86@shinhan.com. -- Ed. 2022 CEO Investor Day keywords: EV, PBV, OPKia unveiled its mid-to-long term strategy at its first CEO Investor Day event in two years. The keywords of the event were accelerating electrification (
Hyundai Motor Co. and Kia Corp. sold a combined total of 84,789 units in Europe in January, up 35.8 percent from a year earlier, according to the European Automobile Manufacturers Association (ACEA) on Feb. 17.The two companies were ranked third in the European vehicle market with a combined share o
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. HMG’s dominance in J.D. Power’s 2022 US VDS is a meaningful achievement. Moving ahead, the firm’s position is to be further solidified through improved consumer/investor awareness. This year, st
Kia Corp. sold a total of 10,504 cars in the British auto market in January, ranking first in the overall sales standings, said the U.K. Society of Motor Manufacturers and Traders (SMMT) on Feb. 9. Its market share also reached an all-time high of 9.13 percent.Kia’s sales in the United Kingdom in Ja
Unionized workers at Kia’s plant in Gwangmyeong put the brakes on the company’s plan to turn it into an electric vehicle plant. The workers’ demands include new employment and job security.The workers and the management had a meeting on Jan. 18 and the latter said there that facility adjustment woul
Kia Corp. has outsold Tesla in Sweden to take second place in the electric vehicle sales standings.Kia sold 6,018 units in Sweden between January and November 2021, beating Tesla (5,666 units) and placing second in sales performance, said EU-EVs, a European electric vehicle sales data aggregator, on
Competition in the electric vehicle (EV) battery market is narrowing to a two-runner race between Korea and China. While Korean battery makers are joining forces with U.S. automakers, Chinese battery companies are also bulking up based on subsidies and tax support from the Chinese government.The tot
SK Innovation outclassed Samsung SDI in the global electric vehicle battery usage from January to July 2021. LG Energy Solution remained second after China's CATL.The total amount of batteries used by global electric vehicles from January to July 2021 reached 137.1GWh, up 143.6 percent from the
Hyundai Motor and Kia are faring well in the European Union (EU) electric vehicle (EV) markets. When sales of the IONIQ 5 and the EV6 begin in earnest in the second half of this year, the two carmakers are expected to gain further momentum in the EU markets.According to announcements from major Euro
The Bolt EV became the best-selling imported electric vehicle (EV) in April by selling 148 units, according to the Korea Automobile Importers and Distributors Association (KAIDA). The Bolt EV was followed by the Mercedes-Benz EQC 400 4MATIC (137 units) and Porsche's first pure electric sports ca
The authors are analysts of Shinhan Investment Corp. They can be reached at yjjung86@shinhan.com and ik.jung@shinhan.com, respectively. -- Ed. Share price momentum to hinge on new order intakeS&T Motiv has a diversified business portfolio ranging from auto parts to firearms and semiconductor equipme
The authors are analysts of NH Investment & Securities. They can be reached at ys.jung@nhqv.com. -- Ed. Global sales for FCEVs totaled around a mere 8,000 units as of 2020. That being said, over the long term, we expect FCEVs, along with EVs, to spearhead the shift towards clean mobility. Starting f
The Ministry of Trade, Industry and Energy announced on March 15 that green car exports from South Korea hit an all-time high of US$700 million with a year-on-year increase of 102.6 percent, the number of such cars increased 70.9 percent to 24,932 and such cars accounted for 16 percent of South Kore
Among Hyundai Motor Group’s electric vehicle (EV) models, only the Niro ranked 18th in the world's top 20 best-selling EV models in January 2021, said global EV market research company EV Sales on March 14.The first place was taken by the Wuling Hong Guang Mini EV of SAIC-GM-Wuling Automobile, w
The South Korean government announced on Jan. 21 that electric vehicles priced at more than 90 million won are no longer eligible for its subsidy and the 100 percent subsidy will be limited to those priced at less than 60 million won.From 2013 to last year, the government provided the electric vehic