Hyundai Mobis has made investments in key auto parts such as brakes, airbags, lamps, steering systems and automotive electronics since 1999, when Hyundai Motor Group reorganized itself. Despite the steady investments, the after-sales service subsidiary of the group is yet to get the upper hand in th
Kumho Tire will expand supply of original equipment (OE) tires (205/60R16 Ecsta PS71) to Skoda, a leading automaker in the Czech Republic.The Korean tire maker has been supplying OE tires for the Octavia, Skoda’s best-selling subcompact model, since May this year. It will additionally supply OE tire
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. At S&T Motiv, the defense division is being shored up by a stable order backlog, and the electrification business boasts strong growth potential. We expect the firm’s electrification sales porti
Hyundai Motor recently submitted a report on Kona Electric fires to the National Highway Traffic Safety Administration (NHTSA). According to the report, the vehicle’s high-voltage battery system might contain certain electrical deficiencies, such as internal damage to certain cells of the lithium-io
The driving assistance system of Hyundai Motor Co. and Kia Motors matched that of Mercedes-Benz in performance and eclipsed that of BMW, a survey has found. In the same survey, GM topped the list, followed by Tesla.U.S. consumer media outlet Consumer Reports tested 17 automakers' driving assista
The authors are analysts of Shinhan Investment Corp. They can be reached at yjjung86@shinhan.com and ik.jung@shinhan.com, respectively. -- Ed. 3QOP likely in line with consensus at KRW18.5bn (+18.3%YoY)Iljin Materials is expected to have recorded 3Q20 operating profit of KRW18.5bn (+18.3% YoY) on sa
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. 3Q20 earnings surpriseSamsung SDI delivered an earnings surprise for 3Q20, with operating profit exceeding market consensus of KRW204.8bn at KRW267.4bn (+157.2%
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. There has recently been a sharp rise in concerns towards the potential impact of an unfavorable turn in forex market conditions on HMC’s earnings. However, from an investment standpoint, we do n
The United States International Trade Commission re-postponed its final ruling on the trade secret infringement case of LG Chem and SK Innovation from Oct. 26 to Dec. 10. LG Chem filed the suit in April last year, claiming that SK Innovation stole its key process technology for electric vehicle batt
The author is an analyst of KB Securities. He can be reached at yc.baek@kbfg.com. -- Ed. 3Q20 OP beats market consensusLG Chem reported 3Q20 revenue of KRW7.51tn (+2.2% YoY) and OP of KRW902.1bn (+137.2% YoY), which is 27.0% higher than the KRW710.4bn market consensus (FnGuide, Sep 21). Earnings imp
The author is CEO of SK Lubricants. -- Ed.SK Lubricants has reinforced its ESG practice and established its vision slogan “Make It Move, Make It Green” through a contest within the company in accordance with our Green Balance management strategy. This means that we will make all objects keep moving,
Automobile production, domestic sales and exports were all brisk in September.A report on the domestic automobile industry released by the Ministry of Trade, Industry and Energy (MOTIE) on Oct. 19 shows that auto production, domestic sales and exports grew 23.2 percent, 22.2 percent and 14.8 percent
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. HMC and Kia’s setting of large additional warranty provisioning for their theta engines is a disappointing event in terms of investor confidence. But, an accompanying share price shock should be
The Ministry of Land, Infrastructure and Transport and Hyundai Motor are mentioning LG Chem’s battery cells as the cause of Kona Electric fires despite LG Chem’s denial. Under the circumstances, the two companies’ 20-year partnership is in jeopardy.They co-developed secondary batteries as early as 1
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Consideration of splitting off mobility segment— SK Telecom announced that it is considering splitting off its mobility segment, which operates T Map. The resulting entity, T Map Mobility, would seek inv
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. Helped by a recovery in global shipping volume for finished cars and rising utilization rates at affiliates’ auto production plants, Glovis looks to have entered an earnings recovery phase. We raise
As demand for clean energy is expected to soar in the post-COVID-19 era, Korean business groups are investing massively in hydrogen-related businesses.Hyundai Motor, Hanwha, GS, Doosan and Hyosung Groups are leading corporate investment in hydrogen. The Korean government also plans to foster 500 spe
Hyundai Motor Group vice chairman Chung Eui-sun became the chairman of the group on Oct. 14.Chung's father and former chairman Chung Mong-koo reportedly told him to take that position. The former chairman, who is currently hospitalized for chronic illness, has become the group's honorary cha
Hyundai Mobis announced on Oct. 7 that it has made a strategic investment in Envisics, a U.K.-based global leader in augmented reality head-up display (AR HUD).AR HUD is a next-generation safety convenience feature that matches driving information with the road ahead in real-time and projects it ont
LG Chem president Kim Jong-hyun, who is in charge of the company’s battery business unit, attended Korea Investment Festival 2020 in Seoul on Oct. 6. “LG Chem’s secondary battery patents outnumber CATL’s by a factor of 10 and LG Chem will keep dominating the global market by continuing to outperform