Hyundai pushes mobility leadership with FISITA presidency, R&D drive

Kim Chang-hwan, head of electrification energy solutions at Hyundai Motor Group, has begun a two-year term as president of the Federation Internationale des Societes d’Ingenieurs des Techniques de l’Automobile (FISITA) this month, becoming the first Korean to lead the global automotive engineering organization. According to Hyundai Motor on Wednesday, Kim will oversee FISITA, the world’s largest automotive engineering society, comprising 36 countries and approximately 210,000 global auto technol

June 4, 2025

Govt. to offer W34.b for R&D projects in future mobility sector

The Seoul government will provide more than 30 billion won ($21.2 million) for research and development projects aimed at developing core technologies in the future mobility sector, the industry ministry said Wednesday. The government will offer up to 34.1 billion won in support funds to some 30 R&D projects on developing eco-friendly and autonomous driving vehicle technologies, according to the Ministry of Trade, Industry and Energy. The projects will also include developing electronic and batt

June 4, 2025

Hyundai Motor denies tariff-driven US price hike rumors

Hyundai Motor Company has pushed back against speculation that it plans to raise vehicle prices in the US in response to the Trump administration's recently imposed 25 percent tariff on imported cars. The denial follows a Bloomberg report on Thursday that said Hyundai is ready to increase retail prices in the US by around 1 percent as early as next week to offset the impact of the tariff. Citing an anonymous source, the report also mentioned a potential rise in shipping costs and the prices of c

May 30, 2025

Hyundai AutoEver showcases vehicle software innovation at Autosar conference

Hyundai AutoEver, the vehicle software arm of Hyundai Motor Group, shared its latest innovations in automotive software at a global industry event in Belgium this week. The 16th Autosar Open Conference, hosted by Automotive Open System Architecture, a global partnership of leading companies in the automotive and software industry, took place on May 27 and 28 in Bruges. This year’s theme focused on Autosar ’s role in addressing key challenges in software-defined vehicles. The event brought togeth

May 30, 2025

Volkswagen Atlas: Big on space, smooth on road

Volkswagen has rolled out the Atlas, its largest three-row SUV, in the South Korean market for the first time, catering to the country’s strong appetite for family vehicles. All eyes are on how the German automaker will penetrate the SUV market currently dominated by Hyundai Motor Group and recover its annual sales to 10,000 units. First introduced in the US in 2017, the all-wheel-drive family SUV is one of Volkswagen’s four new car models launching this year, including the Golf hatchback, ID.5

May 30, 2025

[Photo News] Hyundai Mobis upgrades logistics

Hyundai Mobis on Thursday announced the opening of a 97 billion won ($70.1 million) logistics center in Gyeongju, North Gyeongsang Province, as the auto parts-maker under Hyundai Motor Group looks to improve its supply chain for the maintenance and repair works. Covering 81,000 square meters in ground space, the new logistics center will handle some 175,000 auto parts for 152 models of Hyundai Motor, Kia and Genesis vehicles. Hyundai Mobis said the new facility can deliver about 14,000 auto part

May 29, 2025

Innometry to showcase X-ray inspection tech for EV batteries in Germany

Innometry said Thursday it was poised to present its noninvasive X-ray inspection solutions for electric vehicle batteries at next week’s The Battery Show Europe 2025 in Germany. At the event, Europe’s largest battery expo, the South Korean company will set up a booth to showcase its X-ray equipment, which can precisely analyze the internal structure of rechargeable batteries to identify defects, helping to reduce EV fires. Innometry underscored its technological prowess to offer optimized X-ray

May 29, 2025

SK On doubles EV chargers at Georgia plant

SK On announced Thursday that it has more than doubled the number of electric vehicle chargers at its battery manufacturing plant in the United States, bringing the total to 51 units. SK Battery America, which began operations in Georgia in 2022, recently added 30 new charging units to the 21 previously installed. These charging stations are available to employees free of charge. The company noted that it is rare for global battery manufacturers to install such extensive EV charging infrastructu

May 29, 2025

GM selling off Korean assets, but denies exit rumors

General Motors has once again dismissed speculation that it plans to end its Korean operations despite the US automaker’s decision to sell off loss-making businesses and idle assets in Korea. According to auto industry sources on Thursday, Hector Villarreal, president and managing director of GM Korea, met with the leadership of the company’s labor union the previous day to explain that the selloff decision was not part of a process to exit the Korean market but rather to increase profitability.

May 29, 2025

GM Korea to sell non-core assets, service centers amid sluggish sales

GM Korea, the South Korean unit of General Motors, said Wednesday it will dispose of non-core assets and directly managed service centers as part of its efforts to sustain operations amid weak demand for its vehicles. In response to a rapidly evolving industry landscape and global business challenges, the company said in a press release that it will begin consultations with relevant stakeholders to secure financial sustainability in the Korean market. GM Korea plans to gradually sell all nine of

May 28, 2025

[Photo News] Dutch embassy goes electric

The Ioniq 9, Hyundai Motor's all-electric three-row sport utility vehicle, has been selected as the official vehicle for the embassy of the Netherlands in South Korea. With the designation, the Dutch delegation became the first embassy in Korea to have a battery-powered EV as its official car. In the photo, Dutch Ambassador to Korea Peter van der Vliet (center) and Hyundai Motor officials including Kim Il-bum (left), executive vice president of Hyundai Motor's global policy office, pose for a ph

May 28, 2025

Hyundai Motor's Ioniq 9 selected as official vehicle by Dutch Embassy in Seoul

Hyundai Motor Co. said Wednesday its flagship Ioniq 9 electric sport utility vehicle has been selected as an official vehicle for the embassy of the Netherlands in South Korea. A formal vehicle handover ceremony was held Tuesday at Hyundai Motor's plant in Asan, 107 kilometers south of Seoul, attended by Dutch Ambassador Peter van der Vliet and Kim Il-bum, executive vice president of Hyundai Motor's global policy office. The embassy will use the Ioniq 9 for official duties and diplomatic events.

May 28, 2025

Posco Future M advances LMR cathodes to rival China’s LFP dominance

Posco Future M announced Tuesday that it has completed the development of lithium manganese-rich (LMR) cathode materials for electric vehicle batteries, which it hopes will be a competitive alternative to Chinese products. The company recently received approval from its primary clients — mainly battery manufacturers — to prepare for mass production, following inspections of equipment operation, safety, and environmental standards in the LMR manufacturing process. It aims to secure mass productio

May 27, 2025

Tesla’s US battery ramp-up opens doors for Korean material suppliers

As electric vehicle juggernaut Tesla urges longtime battery partner Panasonic to accelerate production in the US, Korean are poised to take the spotlight as key material suppliers — leveraging their cost competitiveness and reduced reliance on the Chinese supply chain. According to The Financial Times, Tesla has recently pushed Panasonic to fast-track the two companies’ joint battery cell manufacturing plant, which has been under construction since 2022. The $4 billion project, initially schedul

May 27, 2025

Renault Korea advances EV safety with Fireman Access system

Renault Korea announced Tuesday that it is reinforcing its commitment to road safety by equipping its vehicles with advanced safety technologies, including the innovative fire response system, Fireman Access, as part of the French automaker’s broader efforts to lead global automotive safety. Fireman Access, developed by Renault Group, is designed to drastically reduce the time and resources needed to suppress electric vehicle fires. The technology creates a dedicated channel in the battery casin

May 27, 2025