[Photo News] New Sonata

Hyundai Motor Company on Monday unveiled the design of its new Sonata, the eighth-generation model of the Korean automaker's popular midsize sedan. The new Sonata embodies the brand's design philosophy of "Sensuous Sportiness" with its seamless horizon lamp on the front. The vehicle will be on display to the public for the first time at the Seoul Mobility Show slated from March 31 to April 9 at Kintex in Gyeonggi Province.

March 27, 2023

Posco Future M named top supplier for General Motors

South Korea’s battery materials producer Posco Future M said Sunday it has received an award from General Motors for its outstanding achievement across the global purchasing and supply chain. It was one of 14 companies to have received the General Motors’ Overdrive Award, which is given to companies who specialize in automotive components, batteries and software provision. The evaluation criteria for the award include sustainability, innovation, launch excellence and safety. Posc

March 26, 2023

[Photo News] Hyundai's Busan Expo promotion

Hyundai Motor Group launched a global promotion program for the southern port city of Busan’s 2030 World Expo bid prior to a visit to Korea by the Bureau International des Expositions delegation, slated for April 2-7. The car maker released 16 1-minute invitation videos created by Busan citizens in different languages including English, Chinese, Spanish and Portuguese.

March 26, 2023

[From the Scene] Hyundai Heavy Industries aims to cement global No.1 position

ULSAN -- Spring has arrived early in Ulsan as cherry blossoms were in already full bloom along the streets of the southeast port city on Wednesday, about two weeks before the forecasted blossoming dates. In a similar trend, Hyundai Heavy Industries, the world’s top shipbuilder under South Korean conglomerate HD Hyundai, is enjoying the industry’s much-awaited revival as the company looks to widen its lead over global competitors on its large number of backlog orders. The engine depar

March 26, 2023

LG Energy Solution to build W7.2tr battery plants in Arizona

LG Energy Solution will invest 7.2 trillion won ($5.6 billion) to build two battery plants in the US to solidify its leadership in the battery value chain in North America, the South Korean battery maker announced Friday. The battery plants will break ground in Queen Creek, Arizona, this year. The company is spending 4.2 trillion won on the first plant to produce cylindrical batteries, which will be supplied to US electric vehicle makers. The company said it will be the first Korean battery make

March 24, 2023

Korea, Indonesia join forces to build EV ecosystem

Government officials and business leaders from South Korea and Indonesia on Friday underscored combined efforts to expand the electric vehicle ecosystem in the Southeast Asian country at a business forum marking the 50th anniversary of bilateral ties. “The collaboration is very important because you (Korea) have very good technology on the lithium battery. By 2027, we are hopefully going to be the largest lithium battery producer globally,” said Luhut Binsar Pandjaitan, coordinating

March 24, 2023

[Herald Interview] Rolls-Royce’s 1st EV Spectre to make Asia debut in Korea

Rolls-Royce Motor Cars will present the Spectre -- the British high-end carmaker’s first and much-anticipated electric vehicle -- in Korea in June for the first time in Asia, according to CEO Torsten Muller-Otvos. “Korea is one of the fastest-growing markets for us worldwide. We decided that Spectre will be first shown here in Korea for Asia,” said Muller-Otvos in an interview with the Korea Automobile Journalists Association in Seoul on Wednesday. According to the Korea Automo

March 23, 2023

Hyundai’s global COO joins board to boost expertise

Hyundai Motor Company has bolstered its global expertise by adding global chief operating officer Jose Munoz to the board of directors, the automaker said Thursday. The proposal to add Munoz to the board was approved at the 55th general shareholders’ meeting held at the company’s headquarters in southern Seoul earlier in the day. Munoz, who has 30 years of experience in the global auto industry, joined the Korean company in May 2019. He has played an integral role in securing Hyundai

March 23, 2023

Hyundai, Advent to speed up fuel-cell business

Hyundai Motor Group said Thursday it has signed a memorandum of understanding with the US-based Advent Technologies to develop hydrogen fuel cells, with the goal of ramping up its hydrogen car business. Under the partnership, the carmaker plans to acquire key technologies for hydrogen fuel cells that can operate at 200 degrees Celsius from Advent Technologies by 2024. It will provide ion transfer materials and catalysts to the Boston company, who will use them and support the technology requir

March 23, 2023

[Photo News] For Turkey

Hyundai Glovis, a logistics affiliate under South Korean automobile giant Hyundai Motor Group, said Thursday that the company will ship the Korean Red Cross' two 5-ton trucks to Turkey for free to help the earthquake-hit people there. One truck is equipped with clothes washers and dryers, and the other has cooking tools that can provide meals enough for 300 people at once.

March 23, 2023

Hyundai Heavy Industries hits 200m horsepower in engine output

Hyundai Heavy Industries, the nation's largest shipbuilder affiliated with HD Hyundai, said Wednesday that its accumulative engine production for vessels has exceeded 200 million horsepower -- a record in the global shipbuilding industry. The company held a ceremony to mark the production milestone as it started a new 74,720-horsepower vessel engine at its engine production plant in Ulsan, an industrial city on the southern coast. The company said the latest feat comes 44 years since it sta

March 22, 2023

Posco Future M to build W400b battery materials plant in Pohang

Posco Future M, formerly called Posco Chemical, said Tuesday it would construct an electric vehicle battery materials plant in Pohang, North Gyeongsang Province, after landing a 40 trillion won ($30.6 billion) deal with Samsung SDI earlier this year. During a shareholders meeting Monday, the company decided to build a 392 billion-won plant that exclusively produces nickel cobalt aluminum (NCA) battery materials for the first time. The estimated annual production capacity is 30,000 tons, enough

March 21, 2023

[Photo News] EV charging robot

Hyundai Motor Group on Tuesday unveiled an artificial intelligence-based automotive charging robot. According to the carmaker’s test video, the robot communicates with the Ioniq 6 electric sedan and controls the charging process, from parking to opening and closing the charger port cover. Details about the robot’s mass-market debut were not disclosed immediately.

March 21, 2023

Kia unveils EV5 concept in China in renewed sales push

Hyundai Motor Group’s Kia on Monday unveiled the concept of its full-electric midsized sport utility vehicle EV5 in China, renewing its sales push in the all-important market where it has struggled to elevate its shrunken market share. The carmaker held the Kia EV Day event, its first media event this year, in Shanghai. Earlier, Kia said it would produce the EV5 in China for both domestic and global sales. The car is the smallest of its EV lineup. Since the 2021 debut of the EV6, its fir

March 20, 2023

[Herald Interview] Indiana lures Korean businesses with skilled workforce, hefty incentives

The US state of Indiana is seeking to set up a liaison office in South Korea to reach out to Korean businesses that are investing heavily to expand their presence in the burgeoning electric vehicle market there. “We are excited about opening a liaison office here that will focus on helping Indiana secure investment from Korea-based companies,” Indiana’s Secretary of Commerce Brad Chambers told The Korea Herald in an interview in Seoul Friday. “We are actively working to

March 20, 2023

LG Energy Solution continues aggressive US expansion

LG Energy Solution is looking to keep ramping up its battery businesses in the US as the North American electric vehicle market is projected to see a compound annual growth rate of 33 percent through 2030. According to the South Korean battery maker, the company’s backlog orders reached 370 trillion won ($284 billion) as of September last year, an increase of over 100 trillion won from the end of 2021. Of the backlog orders, 70 percent were due for the North American market. LG Energy Solu

March 20, 2023

[Photo News] Aid through air

Relief goods are shipped to Korean Air’s special charter flight before it departs for Turkey on Monday. The Boeing 777 freighter carried 45 tons of relief goods, including tents, sleeping bags and blankets, to be delivered to the area hit by the Turkey-Syria tearthquake in February.

March 20, 2023

[Herald Interview] Volvo Trucks seeks to woo young, female drivers

Moving toward autonomous driving, Volvo Trucks is developing the technology to offer the best truck-driving experience to draw in young drivers and female drivers, while investing into its driver environment. “If you later get the opportunity to drive the electric vehicle, it’s a fantastic driving experience. Smooth driving and great comfort in order to make the driver occupation more attractive, because we need to attract more younger, more females to drive trucks,” Johan Selv

March 20, 2023

Seoul Mobility Show to showcase new EVs, flying cars

The upcoming Seoul Mobility Show will unveil a wide range of innovative transportation spanning from new electric vehicles to air taxis, the organizing committee said Thursday. The 11-day exhibition, slated for March 30 - April 9, is scheduled to take place at Kintex in Gyeonggi Province. More than 160 mobility companies including automakers, mobility service providers and mobility software companies across 10 countries will participate in the event, a 60 percent jump from a year earlier, accord

March 16, 2023

[Photo News] Seoul-inspired Rolls-Royce cars

Rolls-Royce Motor Cars on Thursday unveiled the Korea-only Lucid Night Editions of the Rolls-Royce Black Badge Cullinan SUV. The three limited-edition cars were inspired by the night view of Seoul that represents South Korea’s dynamics and modernity, the ultra-luxury carmaker said. Their prices are estimated at over 800 million won ($610,000). Rolls-Royce CEO Torsten Muller-Otvos is scheduled to visit Seoul later this month.

March 16, 2023