A joint venture between South Korean battery maker LG Energy Solution Ltd. and US automaker General Motors Corp. will build its second battery factory in Tennessee to step up production, industry sources said Thursday. Ultium Cells, a joint venture between LG and GM, has picked a site in Tennessee for their second electric vehicle (EV) battery plant, which will be similar in scope to its $2.3 billion Ohio plant, according to sources familiar with the matter. The two companies will jointly anno

Financially ill SsangYong Motor Co. was again put under court receivership Thursday as its Indian parent Mahindra & Mahindra Ltd. has failed to attract an investor amid the prolonged COVID-19 pandemic. The Seoul Bankruptcy Court approved the debt-rescheduling process for SsangYong Motor as US vehicle importer HAAH Automotive Holdings Inc. didn't submit a letter of intent (LOI) to acquire the financially troubled carmaker. Mahindra had been in talks with HAAH to sell its majority stake in

North Korea marked the birthday of late founder Kim Il-sung with performances and other celebratory events, according to state media Thursday, but no signs of provocations have been detected. Thursday marks the 109th birth anniversary of Kim Il-sung, the late grandfather of current leader Kim Jong-un. The anniversary, referred to in the North as the Day of the Sun, is the country's biggest national holiday and has often been marked with massive military parades and other provocative acts. This