Bentley Motors announced on Jan. 29 that it delivered a total of 13,560 units in the global market last year, the third highest performance in its history.In South Korea alone, the automaker sold a total of 810 vehicles in 2023. For the second year in a row, South Korea ranked fifth in Bentley sales
Hyundai Mobis (KRX 012330) has rewritten the history of overseas orders for global automakers by capitalizing on the ‘electrification’ trend last year. Surpassing its annual target significantly, Hyundai Mobis has inaugurated the era of overseas orders exceeding KRW 10 trillion. The company plans to
EcoPro announced that it exported approximately 107,000 tons of high nickel cathode materials in 2023, up 24.4 percent from 86,000 tons in 2022. EcoPro’s high nickel cathode material exports exceeded 10,000 tons for the first time in 2018 with 16,000 tons and then steadily increased to 18,000 tons i
The secondary battery sector, which propelled the stock market last year, has experienced a persistent decline since the beginning of this year, leading to a reduction in market capitalization of nearly 50 trillion won.According to the Korea Exchange, the aggregated market capitalization of nine sec
In 2023, Hyundai Motor Company and Kia Corp. racked up more operating profit than Samsung Electronics, the country’s No. 1 company by market capitalization. The two automakers also posted a double-digit operating profit margin, higher than the company Tesla that is leading a global electric car boom
Hanon Systems, a global automotive thermal energy management solution company based in Korea, announced on Jan. 24 that its cumulative production of R744 electric compressors utilizing eco-friendly refrigerants has exceeded 500,000 units.The company produces eCompressors utilizing R744 at its Palmel
Hyundai Wia announced on Jan. 24 that it signed contracts to supply a total of 1.450 trillion won (US$1.086 billion) worth of constant velocity joints with European and North American automakers in 2023.Constant velocity joints are core parts of automobiles that transmit power generated by motors or
Hyundai Mobis announced on Jan. 24 that it has developed human-centric interior lighting technology specialized for future mobility environments.The new technology realizes a system where interior lighting interacts with users by recognizing their biorhythms and preferred usage environment and showi
Hyundai Oilbank, led by CEO Chu Young-min, has embarked on entering the North American market by supplying lubricant products, specifically the XTeer series, to the global industrial vehicle manufacturing company HD Hyundai XiteSolution.The supplied products include lubricants such as hydraulic oil
The Ministry of Trade, Industry, and Energy (MOTIE) has announced plans to achieve a US$700 billion export target this year. To attain this goal, the ministry will tailor export strategies per market by dividing them into key, strategic and emerging categories such as the United States, China, the E
The global slowdown in electric vehicle (EV) demand has significantly impacted POSCO FUTURE M’s profitability, as reflected in their sharp decline in operating profit last year.On Jan. 23, POSCO FUTURE M announced that its operating profit for the last year was 35.9 billion won (US$26.8 million), a
LIG Nex1 is set to participate in the “UMEX 2024” exhibition, focused on robotics and unmanned technologies, beingheld in Abu Dhabi, the United Arab Emirates, from Jan. 23 for a duration of three days.The company will showcase locally optimized robot and unmanned systems at the UMEX 2024 exhibition,
After surpassing LG, SK has reclaimed the second position in group market capitalization. This marks a comeback after a two-year period since January 2022 when LG Energy Solution was listed, pushing SK to the third spot in market capitalization.According to the analysis conducted by the Korea CXO Re
Hyundai Motor Company and Kia Corporation today unveiled the ‘Active Air Skirt’ (AAS) technology that minimizes the aerodynamic resistance generated during high-speed driving, effectively improving the driving range and driving stability of electric vehicles (EVs).AAS is a technology that controls t
On Jan. 22, Hanwha Vision announced the launch of the X-Series network video recorders (NVRs) that satisfies the U.S. National Defense Authorization Act (NDAA) and offers outstanding performance including the highest level of security and safety.The X-Series NVRs are three models: a 64-channel model
The Korean automobile industry including Hyundai Motor Group and the Korean battery industry have submitted a letter of opinion in order to ask the U.S. government to allow the use of key minerals for electric vehicle (EV) batteries produced in China for a limited period of time.Hyundai Motor Group
South Korea’s six major high-tech strategic industries have seen their shares in export markets plummet, losing ground to rival countries. The six strategic industries include semiconductors, displays, secondary batteries, future vehicles, biotech, and robotics.The six industries’ exports in 2022 wa
Hanwha Life Insurance President Kim Dong-won attended the Davos Forum held in Switzerland from Jan. 15 to 19.Visiting Davos for the second consecutive year, President Kim Dong-won conducted over 10 business meetings during the event. He focused on determining the direction of Hanwha Life Insurance’s
LG Chem announced on Jan. 18 that it has signed a master agreement in Rome, Italy, with ENI to establish a joint venture for next-generation bio-oil. The signing ceremony was attended by key figures including Claudio Descalzi, CEO of ENI; Stefano Ballista, CEO of ENI Live; Vice Chairman Shin Hak-che
South Korean battery companies are reportedly exploring the possibility of establishing a lithium processing plant in Chile, the world’s largest holder of lithium reserves. According to Bloomberg on Jan. 19 (local time), Invest Chile, the foreign investment promotion agency of the South American nat