Hyundai Motor Group has risen to third place in the global car sales rankings for the first time in its history.Cumulative global sales of Hyundai Motor Co. and Kia Corp. in the first nine months of this year were tentatively tallied at 5,032,045 units, according to the data from the global automobi
Hyundai Motor Group chairman Chung Eui-sun has declared that he will target the Southeast Asian electric vehicle market in earnest. Currently, the Southeast Asian automobile market is dominated by Japanese brands, including Toyota. However, Chung said he would turn the tables through a massive offen
LG Energy Solution will join hands with Stellantis, one of the top three U.S. automakers, to set up an electric vehicle battery plant in North America.The company announced on Oct. 18 that it has signed a memorandum of understanding (MOU) with Stellantis on establishing a joint venture company with
Hyundai Motor and Kia recorded the highest-ever market share in Europe in September. The two Korean automakers alone achieved high growth in the European market, while other global makers suffered a sharp sales drop.Hyundai Motor and Kia sold a combined total of 108,344 vehicles in Europe in Septemb
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Raise target price by 17% to KRW480,000 We maintain BUY on Hansol Chemical and lift our 12m TP by 17% from KRW410,000 to KRW480,000 (43.9% upside). Our TP increase is based on the following:(1) As the world’s o
Sales of hydrogen fuel cell vehicles worldwide in the first eight months of 2021 nearly doubled from the same period of 2020. Hyundai Motor topped the list with a market share of more than 50 percent.The total number of hydrogen fuel cell vehicles sold in the world between January and August 2021 ro
Samsung Electronics was ranked 14th in the Global Top 100 Brand Corporations 2021, which was released by the European Brand Institute (EBI), a brand consulting firm based in Vienna, Austria, on Oct. 4. Samsung Electronics was the only Korean company included in the list.Samsung Electronics' bran
Volkswagen and Toyota announced this month that they would invest 57 trillion won in EV battery production. Their purposes are the same, that is, self-supply. In other words, the two biggest companies in the global automotive industry are planning to produce EV batteries on their own.This is likely
European automakers are joining the global hydrogen vehicle market, which is being led by Hyundai Motor Group. The growth of the market is expected to accelerate.BMW is planning to release its first hydrogen vehicle in 2030 or earlier. The company recently unveiled a prototype hydrogen vehicle based
Apple is expected to develop its electric car on its own. The company recently sent requests for quotation to global auto parts manufacturers, which means it will choose its partner in the near future.According to industry sources, production is likely to be outsourced, as in the case of iPhones. Ta
Hyundai Motor will suspend the operation of its plant in Asan, South Chungcheong Province, from Sept. 9 to 10 due to a semiconductor shortage. The plant, which rolls out the Grandeur and the Sonata, also stopped operating in July and August due to the construction of electric vehicle lines. Hyundai
Taiwan's information technology (IT) media DigiTimes reported on Sept. 2 (local time) that an Apple official recently visited Toyota in Japan to discuss the Apple car project, and had contacted LG Electronics and SK Group in July to discuss the same matter.The stock prices of LG and SK affiliate
Hydrogen vehicles are emerging rapidly as green cars of the future. Hyundai Motor Co. and Toyota are currently leading the market, and German automakers are throwing down the gauntlet.It is in the market segment of commercial hydrogen vehicles that competition is heating up. Diesel trucks are being
Global electric vehicle (EV) sales more than doubled in the first half of 2021 compared with a year ago. Yet, Hyundai Motor and Kia Corp. suffered a setback in their shares as the global market growth was driven by Chinese companies.Market research firm SNE Research said on Aug. 23 that 17.87 millio
BMW Korea, Honda Korea and Jeep Korea considerably increased their sales volumes last month, when South Korean automakers stepped backwards with the only exception of Kia.Last month, Honda sold 327 cars in the South Korean market, up 153.5 percent from a year ago. Jeep Korea’s sales volume increased
Automakers and battery manufacturers are entering the waste battery market one after another. This is to procure lithium, cobalt, nickel, and the like on their own without being affected by raw material price fluctuations. In addition, the market size itself is increasing fast.LG Energy Solution rec
Apple is re-focusing on the United States after trying to search for an Apple car partner outside the United States. This has to do with the Joe Biden administration’s guidelines on the future mobility strategy of the United States.Previously, Apple decided to produce its electric cars on an OEM bas
Nikkei reported on Aug. 6 that Samsung Electronics recorded the highest market shares in the global DRAM, NAND flash, OLED panel, ultra-slim TV and smartphone markets last year. In addition, SK Hynix, LG Electronics and LG Display came in second in the DRAM, ultra-slim TV and OLED panel markets, res
Market research firm SNE Research reported on Aug. 2 that Hyundai Motor and Toyota sold 4,700 and 3,700 hydrogen electric vehicles in the first half of this year, respectively.Last year, Hyundai Motor sold the largest number of hydrogen electric vehicles in the world. In the first quarter of this ye
Nikkei Business recently reported that TSMC has decided to invest in Japan and the decision would have been impossible without Ibiden, the number one company in the global semiconductor packaging substrate industry.Competition is heating up in the semiconductor packaging industry as well as foundry