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
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
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
With regard to batteries, the mood is changing in Europe, which has been pushing for battery self-sufficiency to lower its dependence on Korea for batteries. With the proliferation of startup battery companies in Europe, demand for battery materials is expected to surge there. Faced with technologic
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Despite sluggish sales to some clients, we expect Samsung SDI to book overall solid earnings for 2Q23 thanks to solid sales of premium models at key customers. We view expectations toward gradual t
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
Following East Asia and the United States, Europe is emerging as the new battleground for semiconductors. Since Europe unveiled its intention to exert influence in the global supply chain by leveraging its top-tier domestic semiconductor equipment and automobile semiconductor companies, leading glob
As a race to preempt the next-generation electric vehicle battery market extends beyond the battery industry to the automotive industry, companies are accelerating their moves to secure super-gap technologies.According to sources in the battery industry on June 19, major Korean battery manufacturers
Last month, while imported car sales decreased compared to the previous year, the sales volume of high-end models priced over 100 million won (US$77,892) increased. This indicates an ongoing preference for luxury vehicles among high-income earners, who continue to accelerate their efforts in the Kor
The number of vehicles recalled in Korea since 2017 crossed three million in 2022. By mid-June of this year, 700,000 vehicles were already recalled. Some of these recalls were voluntarily carried out by car manufacturers while others were ordered by the government through the Automobile Management A
According to the Mirae Asset Securities Research Center on June 4, the order backlog of three Korean battery makers -- LG Energy Solutions, SK On, and Samsung SDI -- is expected to exceed 1 trillion won (US$765 million) at the end of the third quarter of 2023. Their order backlog has been growing st
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
Americans prefer the Samsung brand over Apple, according to a survey. Samsung ranked 7th among the brands loved by Americans, while Apple came in at 10th.On May 31, CNBC cited the results of the “2023 Axios Harris Poll” on the top 100 brands loved by Americans.In the survey released by Axios on May
China’s SEMCORP, the world’s No. 1 maker of separators, is set to open a plant in Europe soon. It is expected to expand its market share in Europe through a price war and heat up competition with Korean and Japanese separator makers in the European market.SEMCORP is expected to complete its plant in
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
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
The author is an analyst of NH Investment & Securities. He can be reached at neul.ha@nhqv.com -- Ed.At Tapex, full-fledged top-line growth is anticipated following production line expansion in 2H23. We expect the firm to benefit from a blossoming of the 4680 cylindrical battery market. Tapex looks s
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.We boost our 2026 capacity estimate for Samsung SDI by 15% to reflect a 33GWh (46pi 16GWh + prismatic 17GWh) JV with GM. We expect annual OP to hit W6tn (AMPC W1.8tn) in 2026.Outward expansion unfol