An increasing number of automakers are focusing on cylindrical electric vehicle (EV) batteries, and the examples include BMW. According to industry sources, the company is considering using cylindrical instead of prismatic batteries in its new platform starting from 2025 and this is for the purpose
Hankook Tire announced the company’s 2022 Q1 financial results on May 11, with consolidated global sales of 1,790.6 billion won and operating profit of 126.0 billion won.The company saw a 32.2% decline in operating profit year on year due to the lingering effects of the ongoing global supply chain d
Chinese electric vehicle (EV) battery manufacturers’ market share in their home turf is continuing to increase along with the use of LFP batteries, which are lower in performance but cheaper than NCM batteries. With an increasing number of automakers adopting LFP batteries, South Korean EV battery m
Last week, when the three major Korean battery companies announced their earnings on conference calls, all of them stressed they would focus on cobalt-free batteries to respond to the growing preference for relatively cheap Chinese-made lithium iron phosphate (LFP) batteries.As battery prices soar,
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Following its strong 1Q22 results, we expect Samsung SDI to again outperform consensus in 2Q22 and 2H22. However, the firm’s shares remain undervalued compared to competitors.Solid growth sustaini
Hyundai Motor Co. and Kia Corp. saw their sales in the European market expand 21.3 percent in the first quarter of 2022 despite a shortage of automotive semiconductors. Thanks to the sharp sales growth, Hyundai Motor Group's ranking in the European market rose to third, up two notches from the s
Korean automakers and foreign carmakers' operations in Korea delivered mixed results in 2021. Hyundai Motor Co. and Kia Corp. achieved record-high sales in 2021 thanks to strong sales of the luxury brand Genesis and increased sales of SUVs, respectively. Renault Korea Motors, SsangYong Motor and
The author is an analyst of NH Investment & Securities. He can be reached at esshim@nhqv.com. -- Ed. NHN KCP conducted an NDR for institutional investors over Apr 18~19. Despite concerns over slowing online market growth in the post-pandemic era, the firm’s earnings expansion should continue on the
The Ministry of Land, Infrastructure and Transport said on April 14 that 54,390 vehicles of 13 brands manufactured or imported by seven companies will be recalled for defects.The seven automakers are Ford Sales Service Korea, Hyundai Motor Co., Honda Korea, Tesla Korea, Jaguar Land Rover Korea, Volk
Hankook Tire is equipping the BMW i4 Gran Coupé with its ultra-high-performance (UHP) Ventus S1 evo 3 tires. The tires come in mixed sizes in 18-inch and 19-inch widths. In addition, the manufacturer supplies a 19-inch run-flat option and an 18-inch all-position option.The Ventus S1 evo 3 combines a
Mercedes-Benz Korea, the No. 1 imported car brand in Korea, surpassed 6 trillion won in sales in 2021. Its net profit of 147.3 billion won was all paid out as dividends to the German headquarters and its major shareholders.Mercedes-Benz Korea’s sales in 2021 reached 6,121.3 billion won, up 14.7 perc
SK Telecom and KT are competing for supremacy in artificial intelligence (AI) voice recognition services for vehicles. SK Telecom expanded its territory last year by joining hands with Volvo. Then, KT partnered with Mercedes-Benz, which ranks first in the Korean imported car market. SK Telecom respo
CarIsYou Data Research Institute said on April 4 that 144,179 cars were newly registered in South Korea last month, up 25.8 percent from the previous month and down 14.8 percent from a year earlier.The new registrations include 116,172 domestic cars, up 22.8 percent from the previous month and down
The Hankook 12H Mugello ended on March 27 with a commanding victory for ST Racing. Nick Wittmer, Samantha Tan (both Canada) and Bryson Morris (USA) led for long stretches of the race in the new BMW M4 GT3 (#1). After 330 laps of racing, Wittmer took the checkered flag with a lead of two laps. Phoeni
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Solid earnings growth continues at Samsung SDI thanks to Gen5 effects. Moving ahead, the firm is expected to both secure additional new customers (not counting Stellantis) and enjoy an uptick in n
South Korea is falling behind in the field of 5G convergence, as foreign mobile carriers are leading the commercialization of automotive 5G and network slicing.According to market research firms, 5G network-connected cars are expected to account for 25 percent of all cars in 2025. In this market, T-
In May 2022, Hankook Tire will be launching iON (pronounced as /ai’on/), its first family of tires specially designed for high performance, premium electric vehicles.The new iON tire is characterized by further reduced rolling resistance, notably lower rolling noise and high resilience. Compared to
Samsung SDI has started the construction of the industry's first pilot line for all-solid-state batteries.The company announced on March 14 that it broke ground for a pilot all-solid-state battery line on a 6,500-square-meter site on the premise of its research institute in Yeongtong-gu, Suwon o
With Russia’s invasion of Ukraine prolonged, global automobile manufacturers are declaring a boycott of Russia one after another. Hyundai Motor Group is under pressure to join the boycott. The group postponed its plan to resume the operations of its Russian plant on March 9.Ferrari and Lamborghini d
KT's AI-based connected car solution will be used for Mercedes-Benz vehicles.KT announced on Feb. 17 that it has launched an AI voice recognition service for Mercedes-Benz models such as the S-Class and the EQA in cooperation with Cerence, an AI voice recognition solution company for vehicles in