Apple is in talks with China’s CATL and BYD about the supply of batteries for its self-driving electric vehicle (Apple Car) scheduled to come out around 2024, Reuters reported on June 8.CATL is the world's No. 1 battery maker, whose customers include Mercedes-Benz and Volkswagen. BYD has achieve
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Global leader in OLED displays: Ranked first in TVs and automobiles, second in mobile phones— According to overseas media report (GSM Arena) on June 1, the expansion of applications for OLED is expected to acce
The number of Tesla cars newly registered in South Korea reached 3,461 last month. Those include 3,328 Model Ys, which topped the imported car market of South Korea for the first time ever that month. The Mercedes-Benz E-Class came in second with a monthly sales volume of 2,387.Last month, a total o
South Korean electric vehicle (EV) battery manufacturers are increasing their investment in Europe as well as the United States.LG Energy Solution expands its facilities in Poland at an investment of more than 6.7 trillion won from 2016 to 2025. In addition, it expands its facilities in Nanjing, Chi
Interest in Genesis Brand's first electric vehicle G80e is growing in overseas markets.Hyundai Motor Group said on May 19 that major media outlets around the world have continued to praise the G80e since the model made its debut at the 2021 Shanghai International Motor Show in April. In China, f
The Korea Automobile Importers & Distributors Association announced on May 10 that 97,486 imported cars, up 25.6 percent from a year ago, were sold in South Korea from January to April this year. Those include 20,203 cars with a price of at least 100 million won. The figure increased 74.13 percent y
The Bolt EV became the best-selling imported electric vehicle (EV) in April by selling 148 units, according to the Korea Automobile Importers and Distributors Association (KAIDA). The Bolt EV was followed by the Mercedes-Benz EQC 400 4MATIC (137 units) and Porsche's first pure electric sports ca
Imported car sales in April rose 11.5 percent on year in the Korean automobile market. The best-selling imported car brand was Mercedes-Benz, followed by BMW at second place. In particular, Mercedes-Benz and BMW, which do not manufacture cars in Korea, sold more cars than GM Korea, Renault Samsung a
Volkswagen CEO Herbert Diess announced on May 3 that the company would develop chips for use in its self-driving cars on its own. Tesla made the same announcement recently.Volkswagen is likely to develop the chips and secure related patents first and then work with a foundry firm to produce the chip
The authors are analysts of NH Investment & Securities. They can be reached at j.ko@nhqv.com and jonathan.jang@nhqv.com, respectively. -- Ed. At the Shanghai Motor Show in China (Media Day), automakers’ new model introductions focused upon EVs, with several new Chinese EV makers joining the market.
Mercedes-Benz of Germany will load batteries from China's CATL into its high-end electric luxury sedan, the EQS. The German carmaker used LG Chem's batteries for its first electric vehicle (EV) model EQC released in 2019.Mercedes-Benz will equip its EQS with CATL's square and pouch-type
Magna International, a Canadian automotive electronics company that recently decided to establish a joint venture with LG Electronics, is showing its strong interest in manufacturing Apple’s planned self-driving cars.The company plans to produce various parts for electric vehicles (EVs) using LG Ele
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. EV battery shipments to Hyundai Motor to commenceOn Apr 12, the Electronic Times reported that Samsung SDI has begun developing next-gen cylindrical batteries for Hyundai Motors’ seven new HEVs. The two parties h
A total of 72,864 imported passenger cars were sold in Korea in the first quarter of 2021, according to the data released by the CarIsYou Data Research Center on April 4. The figure jumped 31.5 percent (by 17,444 units) from the 55,420 units in the same period of 2020.The increase is attributable to
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. European automakers prefer prismatic batteries. Shinheung SEC produces cap assemblies for prismatic batteries which are of great importance to battery safety. We expect the firm to enjoy positive
South Korea’s mold exports to the United States set a new record last year. South Korea is currently exporting the item to more than 120 countries worldwide as one of the world’s top five mold manufacturers including Germany, Japan, the United States and China. When it comes to exports, South Korea
Mercedes-Benz and BMW sold more cars than GM Korea, Renault Samsung Motors and SsangYong Motor in South Korea last month. This is the first time that the former two outperformed the three. The dominance of Hyundai Motor Group, Mercedes-Benz and BMW in the South Korean car market is continuing to inc
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. ZKW: Entire output booked until 2023— LGE’s Austrian automotive electronics subsidiary ZKW (acquired at KRW1.4tn) sold its entire output for 2021-2023. It is currently seeking orders for 2024. The ZKW CEO annou
The Korean government will require automakers to raise the share of pollution-free cars in their car sales in a bid to increase the number of pollution-free cars sold this year to 300,000 units.As a result, Hyundai Motor Co. and Kia Corp. will be required to increase the proportion of electric vehic
Samsung Display is facing an uphill battle in expanding its presence in the global market for vehicle-use OLEDs, which is dominated by LG Display.According to Omdia, a market research company on displays, LG Display accounted for 92.5 percent of the market for vehicle OLED panels in terms of sales i