Hyundai Motor Co. and Kia Corp. suffered a 25.9 percent plunge in sales in China last year, while sales of Chinese brand cars rose 20.5 percent. They recorded the largest decline in market share among foreign carmakers. Their combined market share plunged to 2.7 percent.According to the 21st Century
Digital keys based on Apple’s smart devices such as iPhones and Apple Watch are expected to be applied to Hyundai Motor’s Genesis and other models before long. Apple’s digital key function has been compatible with BMW vehicles only.Bloomberg reported on Jan. 16 (U.S. local time) that Apple’s digital
The Korea Transportation Safety Authority announced on Jan. 16 that 2,932,820 cars divided into 2,443 models were recalled in South Korea last year. The figure, which is a record high, is the sum of those ordered by the Ministry of Land, Infrastructure and Transport and the Ministry of Environment w
Sony’s Vision-S concept car made a splash at CES 2022. Samsung Electronics and LG Electronics, in the meantime, are not planning on manufacturing electric vehicles.According to industry sources, both Samsung Electronics and LG Electronics, which are already manufacturing electric vehicle components,
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Based upon its material/process technology, SCM establishment, and mass production capabilities, LGES’s preemptive efforts to secure major clients look to continue. We also expect it to benefit fr
POSCO announced on Jan. 6 that it has recently joined the Value Balancing Alliance (VBA), a global business alliance launched in 2019 to develop global ESG standards.The VBA develops new concepts to measure the value of corporate behavior and business models in real life – to translate environmental
CarIsYou said on Jan. 4 that the Hyundai Grandeur was the most popular model in the new car market of South Korea last year. “Last year, the annual sales volume of the model dropped 40.1 percent to 87,985 after having exceeded 100,000 for four years in a row and this is because the global automotive
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. We raise our 2022 sales forecast for EcoPro BM by 16% to reflect an earlier-than-expected start of operations at CAM6. As changes in earnings estimates for 2024 (the base year for our TP calculati
Hyundai Motor Group’s sales in Europe grew 23 percent in 2021 from the previous year. It beat BMW Group to regain fourth place. In particular, the sales gap with Renault Group, which is ranked third, is only 30,000 units. A fierce competition for third place is expected next year. According to the E
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
Sales of imported cars ascended from 22,321 units in January to 26,191 units in June, but their sales began to decrease in July, falling to 18,764 units in October and 18,810 units in November, according to the Korea Automobile Importers and Distributors Association (KAIDA).The figures dropped by 5,
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 minwoo.ju@nhqv.com. -- Ed. Over 2020~2021, even during the Covid-19 crisis, sales of BEVs have exceeded market expectations, in turn leading finished car makers to place aggressive battery orders. In response, cell/material
Despite a severe global semiconductor shortage, global eco-friendly car sales were strong this year. In the electric car sales standings, Hyundai Motor Co. came in sixth, while Tesla remained in the top spot.From January to September 2021, 2.92 million electric vehicles were sold worldwide, up 153 p
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Maintain BUY and TP of KRW950,000 We maintain BUY and TP of KRW950,000 for Samsung SDI. Our TP is 6.1% below consensus. Derived using the DCF model, our TP assumes 10.21% WACC (12.03% COE, 1.22% after-tax COD, 1.
Korea’s three major battery makers, which have announced massive investment plans for the United States, are shifting their focus to Europe. They are looking to secure an edge with next-generation batteries in a price war with Chinese battery companies.As the three battery companies have decided to
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
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Thanks to its sound cylindrical battery and electronic materials earnings, the firm is overcoming the negative impact of production setbacks for finished vehicles. Share price improvement is to hi
BMW Group Korea and the Korea Institute for Advancement of Technology concluded a business agreement on Nov. 2 for mutual cooperation in the field of future mobility.The purpose of the agreement is to facilitate R&D between non-large South Korean companies and their global clients and help the forme
Hyundai Motor Co. and Kia Corp. have recently decided to make strategic investments in Factorial Energy, a U.S. battery startup, to jointly develop and produce all-solid-state batteries for electric vehicles.Located in Woburn, Massachusetts, Factorial Energy is a startup that developed Factorial Ele