Samsung Electronics and LG Electronics are going all out in their assault on the In-Vehicle Infotainment (IVI) market. Samsung is leveraging its semiconductor prowess in partnership with Hyundai Motor, while LG is bolstering its technology by investing in research and development (R&D).According to
Hyundai Motor Group and Japanese automakers, including Toyota and Nissan, are making aggressive investment plans in India, the world's third-largest auto market, indicating that intense competition is looming.According to the Society of Indian Automobile Manufacturers (SIAM) and industry insider
Recently, the secondary battery industry and the automotive industry have been competing for leadership in battery packs. While battery companies prefer turnkey supply from battery cells to modules and packs, the automotive industry has a position that it cannot lose out on the lead in manufacturing
The author is an analyst for Shinhan Securities. She can be reached at yjjung86@shinhan.com -- Ed.1Q23 OP meets consensus at KRW60.2bn (+98% YoY, -42% QoQ)Hanon Systems posted operating profit of KRW60.2bn (+98% YoY, -42% QoQ) on sales of KRW2.3tr (+18% YoY, -0% QoQ) for 1Q23, meeting the market con
New registrations of imported cars slowed down amid high interest rates in Korea in April.The Korea Automobile Importers & Distributors Association (KAIDA) said on April 4 that new registrations of imported passenger cars totaled 20,910 units in Korea in April, down 12.3 percent from 23,840 units in
ZKW, a subsidiary of LG Electronics in the automotive lighting business, was listed as the company that applied for the third-most patents in Europe last year among Austrian companies.According to ZKW on April 14, ZKW accounted for 61 (close to 30 percent) of 224 patents filed by Austrian companies
Porsche sold 2,966 cars in South Korea in the first quarter of this year, the largest Q1 sales volume since the launch of Porsche Korea in 2014. In February, the sales volume was 1,123, fifth behind those of BMW, Mercedes-Benz, Audi, and Lexus. Porsche Korea’s sales volume has more than quadrupled i
Mercedes-Benz overtook BMW in March, reclaiming the top spot in the Korean import car market.The number of newly registered imported cars reached 23,840 in Korea in March. This represented a decrease of 4.3 percent compared to the same period of 2022, according to the Korea Automobile Importers & Di
Lawmaker Song Eon-seog remarked on March 17 that the National Pension Service (NPS) was investing in 5,642 stocks in 49 countries as of August last year.The 5,642 stocks include 1,565 U.S. stocks along with 795 in Hong Kong, 785 in China, 550 in Japan, 223 in the United Kingdom, 167 in Canada, 119 i
The Genesis G90 and the Kia EV9, which will be released in April at the earliest, will be loaded with the Highway Driving Pilot (HDP) function, a Level 3 autonomous driving technology, Hyundai Motor Group said on March 14.The new G90 is a new-year model based on the 2021 4th generation full change m
EV manufacturers are entering the EV battery manufacturing industry one after another. South Korean EV battery manufacturers are not regarding this as a threat yet.This is because it takes years to reach yield stabilization after business commencement and a large number of patents are protecting the
Hankook Tire UK has renewed its partnership as official tire partner for a fourth year with Supercar Fest in 2023. This supercar themed festival continues to grow as one of the leading dynamic supercar events in the UK, allowing unrivalled access to the best modern day and classic supercars ever bui
The war in Ukraine entered its second year. Many global enterprises such as Apple, Mercedes-Benz and Renault have already left Russia, but South Korean enterprises such as Samsung Electronics, LG Electronics and Hyundai Motor Co. have not withdrawn from the country. Their one-year business loss in R
The Korea Fair Trade Commission announced on Feb. 9 that it would impose a fine of 42.3 billion won on Mercedes-Benz, BMW and Audi with regard to software tampering related to diesel exhaust fluid (DEF). The fines on them are 20.7 billion won, 15.7 billion won and 6 billion won, respectively.The com
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
SK E&S announced on Jan. 29 that it has started running a large-scale electric vehicle (EV) charging station at George Bush International Airport in Houston, Texas, along with Avis, one of the top three rent-a-car companies in the United States. This marks the first time that a Korean company builds
CarIsYou announced on Jan. 19 that 290,034 imported cars were registered in South Korea last year, including 205,804 German cars.The German cars include 81,016 sold by Mercedes-Benz, followed by BMW (78,554), Audi (21,419), Volkswagen (15,792) and Porsche (9,021).Sedans accounted for more than half
Hyundai Motor Co. and Kia Corp. (Hyundai Motor Group) logged a 9.4 percent share of the European car market in 2022, the first time that the two Korean carmakers' combined market share exceeded 9 percent in Europe.According to the European Automobile Manufacturers’ Association (ACEA), Hyundai Mo
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain BUY, target price of KRW110,000 We maintain BUY and TP of KRW110,000 on LGE. For 2023, our outlook remains positive, as the burden of logistics/feedstock costs should decrease. For H&A, earnings should
The Korea Automobile Importers & Distributors Association announced on Jan. 4 that the domestic sales volume of Hyundai Motor Co., Kia, GM Korea, Renault Korea and SsangYong Motor totaled 1,388,476 in 2022, down 3.1 percent from a year ago.Hyundai’s fell 5.2 percent to 688,884 and Kia’s rose 1.1 per