.South Korean enterprises are in a serious dilemma amid a new Cold War between China and Russia on the one hand and the United States and its allies on the other. For the past 20 years, the South Korean government has maintained a strategic ambiguity to minimize damage to those enterprises. Now, how
Global manufacturers supplying products from China are continuing to be affected as COVID-19-related shutdowns are continuing in a number of regions in China.The Bank of Korea said in its report on Feb. 20 that the Chinese government is still sticking to its zero-infection policy and this is leading
The Korea Automobile Importers and Distributors Association (KAIDA) announced on Feb. 7 that the number of newly registered imported cars stood at 17,361 in January, a drop of 27.4 percent on month and 22.2 percent on year.By brand, the figure broke down into 5,550 for BMW, 3,405 for Mercedes-Benz,
India, the world’s fourth-largest car market, is courting Korean battery companies to establish local battery plants. The Indian government has consistently expressed its desire to attract investment from major Korean battery makers. It launched the Go Electric campaign in January 2021. The federal
Automotive operating system (OS) development is accelerating along with vehicle electrification. Nowadays, automotive electrical and electronic architectures are becoming increasingly centralized, that is, a small number of electronic control units covering a wide variety of functions. This is more
South Korean electric vehicle battery manufacturers are increasing their efforts to start the mass production of all-solid-state batteries (ASSBs) as early as possible. At present, the global leader in the industry is Japan.The growth of the industry began to accelerate in 2019 along with that of th
Hyundai Motor Co. has begun to develop next-generation power semiconductors for vehicles, providing a big boost to the domestic semiconductor ecosystem.Hyundai Motor will develop semiconductors using new materials such as silicon carbide (SiC), gallium nitride (GaN), and gallium oxide (Ga203) along
Korean companies are taking the lead in building more than half of the large battery production plants in the United States. This is contrary to the situation in Europe where Korean, Chinese, and Japanese companies are competing with one another.Korean companies are involved in nine of the 14 GWh-cl
Automotive News reported on Dec. 20 that the 10 largest investment projects announced this year in the automotive industry of North America are related to the electric vehicle industry without exception, the top five include four of South Korean automakers and EV battery manufacturers, and the four
Hyundai Motor Group (HMG) received a record number of awards and accolades from experts at opinion-leading international media titles in 2021, the group announced on Dec. 15.All three of HMG’s automotive brands – Hyundai Motor, Kia and Genesis – have been recognized by the world’s most respected jou
Japanese economist Yukio Noguchi said in his recent column that South Korea is already ahead of Japan in various economic indices and South Korea’s GDP per capita will be twice that of Japan in 20 years.According to him, South Korea and Japan responded differently to their economic crises in the 199
Hyundai Motor Co.’s sales in India has surpassed its sales in China for the first time in 18 years.Hyundai Motor’s sales in India increased 25.6 percent on year to 472,721 units in the January-November period in 2021. On the other hand, sales in China are expected to fall further to the 300,000 unit
LG Energy Solution and General Motors (GM) of the United States are considering investing US$2 billion to build their third joint venture battery cell plant in the U.S. state of Michigan, the Wall Street Journal (WSJ) reported on Dec. 10.Earlier, the two companies established Ultium Cells and are bu
Kia Corp.’s global sales are expected to surpass 2.8 million units in 2021, a level that falls short of its annual target of 2.92 million units but is close to its performance in 2018 before the outbreak of COVID-19.The company sold 2,570,478 units in the first 11 months of this year. Domestic sales
Hyundai Motor Co. has maintained its No. 1 position in the global hydrogen electric vehicle market this year.SNE Research said on Dec. 1 that the number of hydrogen cars sold worldwide between January and October this year reached 14,700, up 92.4 percent from the same period of 2020.By company, Hyun
Hyundai Motor Co. ranked second in the Australian car market in October thanks to the strong popularity of the i30 and the Tucson.The company sold 6,200 units in Australia in October, said Best Selling Cars Blog, which provides global car sales statistics, on Nov. 28.This was an increase of about 3
Toyota sold no electric, hydrogen, LPG and gasoline vehicles at all in South Korea last year, when it sold 14,168 hybrid and plug-in hybrid electric vehicles in South Korea and its low-pollution car supply rate calculated by the South Korean government was 43.7 percent. The figure is the highest of
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. The main drags on production for the global automotive industry in 2021, namely chip supply shortages and the global logistics crisis, are to be resolved, albeit only after some time. In 2022, t
U.S. President Joe Biden test drove and praised an electric vehicle loaded with batteries jointly developed by LG Energy Solution and General Motors (GM).President Biden visited a GM plant in Detroit, Michigan, on Nov. 17 (U.S. local time). It was his second visit to an electric vehicle plant, after
Imported car sales in October fell 22.6 percent from a year ago as the automotive semiconductor shortage continued. By brand, BMW returned to the top spot of the monthly sales standings in a year and two months, beating Mercedes-Benz.The number of newly registered imported cars stood at 18,764 in Oc