LG Display, the world’s leading innovator of display technologies, announced today that it is to solidify its partnership with Mercedes-Benz and enhance the two companies’ cooperation on premium automotive displays.Brian Bong-seok Kwon, COO and Vice Chairman of LG Corp., James Ho-young Jeong, CEO an
Kim Byung-gu, the head of LG Display’s automotive business group and executive vice president, unveiled LG Display’s OLED displays designed for automotive use and introduced the entire portfolio of premium brands involved in automotive production and development for the first time at IMID 2023, whic
Amid concerns of dampened consumer sentiment in the latter half of this year, imported car manufacturers are launching aggressive discount campaigns.According to industry sources on Aug. 23, the “Big Three” German car manufacturers – BMW, Mercedes-Benz, and Audi – initiated their discount promotions
Chey Jae-won, Vice Chairman of SK Group, met with Ola Källenius, CEO and Chairman of the Board of Mercedes-Benz Group, to explore potential business collaborations. The meeting, which took place at the SK building on Aug. 23, was announced by SK Group. The discussions centered on the expansion of co
The domestic car market is rapidly reorienting around SUVs. For the first time, SUVs have surpassed 60% of the total new car market share this year.According to industry sources on Aug. 22, a total of 546,230 SUVs, including leisure vehicles (RVs), were sold domestically from January to July this ye
With the rise in interest rates and an increase in the sales of high-priced vehicles, the import car industry is experiencing a significant boost in profits from automotive installment financing.According to industry sources on Aug. 16, Mercedes-Benz Financial Services Korea, an affiliate of domesti
A total of approximately 14,000 vehicles across 8 different brands and 21 models, including Kia and Mercedes-Benz, have been identified for a recall.The Ministry of Land, Infrastructure and Transport has revealed that a total of 14,057 vehicles from 21 different models, produced or imported and sold
An analysis has emerged indicating that LG Energy Solution’s market share is catching up with CATL in the battery market, excluding China, for the first half of this year.According to SNE Research on Aug. 7, LG Energy Solution maintained its top position in terms of market share in the global batter
The number of new imported passenger car registrations in July was 21,038, down 1.3 percent from a year earlier, according to the Korea Automobile Importers & Distributors Association on Aug. 3. The figure was down 21.0 percent from the previous month. The cumulative total from January through July
Hyundai Motor Group, which ranked third in the world in 2022 in terms of sales volume, joined the global top three in both operating profits and operating margins.In the second quarter of this year, Hyundai Motor Group’s operating profit ranked third behind Toyota and Volkswagen Group, which are vol
Hyundai Motor and Kia are joining hands with BMW, General Motors, Honda, Mercedes-Benz, and Stellantis to establish a joint venture to build an electric vehicle charging network in the United States.On July 27, Hyundai Motor and Kia, along with GM and seven other major automakers, announced in a joi
In the U.S., the world's largest electric vehicle market, Hyundai and Kia have successfully made it into the top 10 manufacturers by sales volume for the first half of this year (January-June), but they face intense competition from traditional German powerhouses, namely BMW, Mercedes-Benz, and
Samsung Electronics, Nvidia, Qualcomm, and TSMC are engaged in a fierce competition to dominate the autonomous driving semiconductor market. Recently, automotive companies such as Hyundai Motor and Tesla have also entered the fray, developing their own autonomous driving chips. The reason for this i
Over 650,000 electric vehicles (EVs) were sold in the United States in the first half of this year, representing an increase of over 50% compared to the same period last year. However, the market share of Korean automakers is retreating.The Korea Automobile & Mobility Industry Association (KAMA) ann
The presence of automotive organic light-emitting diode (OLED) displays in the display market is growing. Experts forecast that their market size and shipments will steadily increase as a shift to software-driven vehicles (SDVs) accelerates, with premium automakers leading the way.According to marke
“Huawei is willing to share cutting-edge innovations in the form of patents with the world,” said the company’s Chief Legal Officer, Song Liuping, who added, “These will support the common, sustainable development of industries globally.”His remarks were made at Huawei’s annual flagship event on inn
As Spain has emerged as a new electric vehicle powerhouse in Europe, Korean battery companies are also eyeing the country with more interest than ever.The share of Spain in electric vehicle production in Europe expanded from 0.6 percent in 2019 to 12 percent in 2022, according to KOTRA on July 10. F
Mercedes-Benz has cut the price of the Mercedes-Benz E-Class by up to 11 million won from June. This is largely due to BMW’s May promotion to sell its vehicles at prices up to 10 million won or more off, depending on the models.On July 9, Mercedes-Benz is offering up to US$11 million in discounts fo
Renault Korea, KG Mobility (formerly SsangYong Motors), and GM Korea, three major domestic mid-tier automobile manufacturers, have begun preparations to enter the electric vehicle market. They are preparing for the launch of electric car models and the expansion of some production facilities. Howeve
Genesis’ Electrified GV70 sport utility vehicle (SUV) took the top spot in Germany, beating out even German-made electric vehicles (EVs).German automotive magazine Autobild recently conducted a comparative evaluation of three vehicles – the Electrified GV70, the Audi Q8 e-tron, and the Mercedes-Benz