In July, Korean-based carmakers’ sales in Korea fell for the first time in 11 months.According to the Korea Automobile Manufacturers Association (KAMA) on Aug. 1, the domestic sales including complete knock down car sales of five Korean-based carmakers including Hyundai Motor, Kia Corp., GM Korea, a
Despite a global recession, the market for automotive organic light-emitting diodes (OLEDs) is demonstrating considerable growth, intensifying the rivalry between Samsung Display and LG Display.LG Display has previously dominated the market, but Samsung Display is swiftly catching up, securing a ser
India has blocked Chinese automakers from investing in India. This is expected to give Hyundai Motor Group of Korea reflective benefits as the Korean automaker is expanding its investments in India.According to foreign media outlets including the Economic Times of India, Chinese electric vehicle mak
Hyundai Motor Group and Toyota, the largest automakers in South Korea and Japan, respectively, showed contrasting performance during the first half of the year from January to June in key automotive markets. While Toyota managed to maintain its position as the global leader in sales, it experienced
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Despite increases in parts and finished vehicle volume amid improving downstream industry conditions, Hyundai Glovis has been unable to capitalize upon high freight rates due to its reduced operating
Samsung Electronics and LG Electronics are gearing up to participate in the upcoming IAA Mobility 2023 event scheduled to take place in Munich, Germany, in early September. As these tech giants aggressively steer their businesses towards the burgeoning market of automotive electric and electronic co
Samsung SDI is reportedly in talks with several automakers over volume production of all-solid-state batteries in 2027.“We cannot disclose customer names, but we are currently in talks with several automakers over a volume production schedule of 2027,” said Sohn Michael, vice president and head of t
Hyundai Motor Group, which ranked third in the world in 2022 in terms of sales volume, joined the global top three in both operating profits and operating margins.In the second quarter of this year, Hyundai Motor Group’s operating profit ranked third behind Toyota and Volkswagen Group, which are vol
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
Samsung SDI and Stellantis, a global automaker, are investing approximately US$3.2 billion (4 trillion won) to build a second electric vehicle battery plant in the United States. This move, following the establishment of their joint venture just over a year ago, has been evaluated as a step towards
Samsung Electronics, Nvidia, Qualcomm, and TSMC are engaged in a fierce competition to dominate the autonomous driving semiconductor market. Recently, automotive companies such as Hyundai Motor and Tesla have also entered the fray, developing their own autonomous driving chips. The reason for this i
Over 650,000 electric vehicles (EVs) were sold in the United States in the first half of this year, representing an increase of over 50% compared to the same period last year. However, the market share of Korean automakers is retreating.The Korea Automobile & Mobility Industry Association (KAMA) ann
The Chevrolet Trax Crossover and Trailblazer, GM Korea’s two flagship models, ranked first and second in Korea’s passenger car exports in June thanks to a surge in demand from the North American market.According to the Korea Automotive Manufacturers Association (KAMA) on July 20, the Trax Crossover
The Korean battery industry will accelerate its planned investment of 30 trillion won by 2030 as the Korean government designated Cheongju, Pohang, Saemangeum and Ulsan as specialized secondary battery clusters on July 20. It expects the clusters to create a domestic battery ecosystem value chain an
Hyundai Motor will not participate in the international motor show IAA Mobility to be held in Munich, Germany this September. It will mark the first time in 20 years that Hyundai has not participated in the event, which is better known as the Frankfurt Motor Show, one of the world’s four major auto
In the first half of this year, Korea’s automobile exports surged 46.6 percent year on year to US$35.7 billion, a record high. Including auto parts, the figure reached US$47.3 billion.According to the Ministry of Trade, Industry and Energy (MOTIE) on July 17, Korean automakers exported more than 241
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
Chung Jae-hoon, the president of Hyundai Motor Company, discussed the company’s plans concerning electric vehicle charging during the Goodwood Festival in West Sussex, England. Following the unveiling of the first high-performance electric vehicle, the Ioniq 5 N, under Hyundai's core electrifica
“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
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.Good times for allAuto sales volume data have come in at strong levels as expected, pointing to record-high earnings for automakers in 2Q23. Global wholesale volume reached 1.06mn vehicles (+9% YoY, +4%