As competition for global battery supremacy intensifies, all-solid-state batteries, called “dream batteries,” are attracting more attention from those in the world battery industry. This is because if this battery technology, which can boost batteries’ safety and mileage a great deal, is commerciali
Yoshida Kenichiro, chairman of Sony, recently visited Samsung Electronics in strict secrecy in return for a visit to Japan by Samsung Electronics President Kyung Kye-hyun (head of the DS Division) last year. Samsung Electronics, which has expressed its will to actively target the automotive memory s
The combined market share of Hyundai Motor Co. and Kia Corp. in the European vehicle market stood at 9.4 percent in 2022, up 0.75 percentage point from the previous year, said the European Automobile Manufacturers Association (ACEA) on Feb. 6. This was the largest increase among global automakers.Ot
Hyundai Motor Group sold a total of 96,988 electric vehicles (EVs) in 10 major European countries in 2022, accounting for 10 percent of the market and placing 4th after Volkswagen Group, Stellantis and Tesla, according to CleanTechnica, a media outlet specializing in EVs.The 10 countries included Ge
News has broken out about the cancellation of joint venture battery plant construction plans between Korean battery companies and global automakers. LG Energy Solution and General Motors wrapped up negotiations on the construction of their fourth joint battery plant without hammering out a deal, the
The author is an analyst of KB Securities. He can be reached at wchun@kbfg.com. -- Ed.Order intake slowdown considered positiveㅡ On Jan 18, SK innovation stock retreated 9.4% MoM, underperforming the KOSPI, which gained 0.2% MoM. The bearish performance seems to be attributable to SK on’s withdrawal
Hyundai Motor Co. is revving up its efforts to penetrate the Association of Southeast Asian Nations (ASEAN) market based on its Indonesian plant, which started operating last year.Hyundai Motor Manufacturing Indonesia (HMMI) rolled out 82,416 units in 2022, according to the Indonesian Automobile Man
Battery cooperation between LG Energy Solution and Toyota Motor has emerged as a hot issue in the world battery industry. LG Energy Solution is reportedly leaning towards supplying batteries to Toyota instead of establishing a battery joint venture. It is highly likely to supply pouch type batteries
Hyundai Motor Group's U.S. market share exceeded 10 percent for the first time last year.Despite various unfavorable factors, such as the prolonged economic recession and a shortage of automotive semiconductors, the group achieved meaningful results based on robust sales of electric vehicles.Hyu
Hyundai Motor Indonesia (HMMI), Hyundai Motor Co.'s subsidiary in Indonesia, has become the 6th-largest automobile producer in Indonesia by rolling out a total of 76,076 units in the first 11 months of the year. HMMI's output for the whole of 2022 is expected to top 80,000 units. According t
Major Japanese and German automakers such as Toyota and BMW are jumping into the hydrogen-powered vehicle market, which is dominated by Hyundai Motor Co.Toyota will introduce the second-generation model of the Mirai, a hydrogen car, to the Chinese market in December. It plans to use about 100 units
Hyundai Motor Group ranked second in the U.S. electric vehicle (EV) market in the January-September period of this year.The group accounted for 9 percent of the U.S. EV market during the period -- Hyundai Motor Co. took up 4 percent, placing fourth, while Kia Corp. controlled 5 percent, ranking thir
Consumer Reports, an American consumer media outlet, announced on Nov. 15 (local time) that Toyota, Lexus, BMW, Mazda and Honda came in first to fifth in its car brand reliability survey. It polled 300,000 vehicle owners in the United States.Four of the top five spots in this year's survey were
CATL, the No. 1 player in the global electric vehicle (EV) battery market, has laid out a plan to build a battery supply chain from nickel mining to battery production in Indonesia, according to a Reuters report on Nov. 15.To this end, the Chinese battery giant plans to create an eco-friendly electr
Major LG Group affiliates such as LG Electronics, LG Innotek, and LG Energy Solution are generating operating profits in new business domains such as automotive electronics and batteries.LG Electronics' Vehicle Component Solutions (VS) Division is considering raising its sales target for 2023 by
A joint venture battery plant between LG Energy Solution and Japanese automaker Honda, which is to be built in Ohio of the United States, will receive an incentive worth 200 billion won from the U.S. state government.The government of the U.S. state of Ohio has decided to provide a tax benefit worth
Global brand consulting company Interbrand estimated Samsung Electronics’ brand value for this year at US$87.7 billion, the fifth highest after the U.S. Big Four tech companies -- Apple, Microsoft, Amazon, and Google. Samsung has maintained its fifth place for three consecutive years since 2020.Hyun
The rapid depreciation of the Korean currency against the U.S. dollar and rising interest rates are weighing on South Korean enterprises’ overseas investment.LG Energy Solution’s biggest investment announced since January 2021 is US$4.4 billion to be invested in its joint venture with Honda. When it
LG Energy Solution will supply batteries for electric vehicles to Toyota of Japan, the world’s No. 1 player in car sales. The Korean battery maker also signed a battery supply deal with Japan's Honda earlier this year.LG Energy Solution is in talks with Toyota over the supply of batteries produc
LG Energy Solution and Honda announced on Oct. 12 that they would build an EV battery plant in Fayette County, Ohio by investing US$4.4 billion together. The construction period is from early next year to late 2025 and 40 GWh of pouch-type batteries are expected to be produced a year.The plant is th