At anniversary event, Samsung SDI CEO vows to tackle EV woes

Samsung SDI celebrated its 55th anniversary on Tuesday, reaffirming its commitment to spurring growth amid the ongoing challenges in the global electric vehicle market. Samsung SDI CEO Choi Joo-sun attended a celebratory event earlier in the morning, marking his first time participating since he took office last year. The event was also attended by key executives and recipients of the SDI Award for outstanding achievements, along with awardees who have been recognized for their extended tenure.

July 1, 2025

Posco pursues ‘direct lithium extraction’ in North America for 1st time

Posco Holdings announced on Monday plans to test the viability of directly producing lithium — a key material for electric vehicle batteries — highlighting the significance of establishing a supply chain in North America amid the ongoing pressure of decoupling from China. In partnership with Anson Resources, Australia’s natural resource developer, Posco will start the construction of a demonstration plant next year in Green River City, Utah. The facility will evaluate whether Posco’s Direct Lith

June 30, 2025

Hyundai Motor scores double podium finish at WRC Acropolis

Ott Tanak (fourth from left), driver, and Martin Jarveoja (third from left), co-driver of the Hyundai Shell Mobis World Rally Team, pose after winning the EKO Acropolis Rally Greece, held in Lamia from Thursday to Sunday. From Thursday to Sunday, the seventh round of the 2025 World Rally Championship took place along 345.76 kilometers of narrow, rugged mountain roads. Hyundai Motor also secured third place with driver Adrien Fourmaux (sixth from left) and co-driver Alexandre Coria (fifth from le

June 30, 2025

Hyundai, Kia gain US market share amid tariffs

Hyundai Motor and Kia achieved a combined 11 percent market share in the United States in the first five months of this year as the Korean automakers rolled out hybrid vehicles ahead of new US tariffs and carried out timely promotions. According to market analysis firm Wards Intelligence on Sunday, Hyundai Motor and Kia sold a total of 752,778 vehicles in the January-to-May period this year, up 0.5 percentage point from the same period last year. Hyundai sold 400,116 units while Kia sold 352,662

June 29, 2025

Hyundai Motor triples Ioniq 9 exports in May, shifts focus to Europe amid US tariffs

Exports of Hyundai Motor's Ioniq 9, a large-sized fully-electric SUV, tripled in May, driven by European sales as part of a strategy to counter US automotive tariffs. According to reports Friday, the Korean auto giant exported 1,482 units of the Ioniq 9 last month, marking a 275 percent increase from 539 units in April. Most of the SUVs reportedly headed to Europe, world’s third-largest electric vehicle market following China and the US. Hyundai Motor’s increase in Ioniq 9 exports to Europe is i

June 27, 2025

MAN Truck & Bus ramps up services in Korea in sales push

MAN Truck & Bus, a leading German commercial vehicle manufacturer, is enhancing its customer services in the South Korean market, focusing on digitalization and expanding service networks to boost this year's sales. This initiative is part of the company’s broader “MAN Core 360 strategy,” an integrated, customer-oriented strategy. In July, it will launch the “My MAN Korea” mobile application, which offers accident repair cost estimates and vehicle function manuals as well as a feature for bookin

June 26, 2025

[Photo News] Kia CEO wins top UK car award

Kia said Wednesday that CEO Song Ho-sung won the Issigonis Trophy, the highest honor at the UK’s 2025 Autocar Awards. The accolade goes to key figures who have made exceptional contributions to the automotive industry. Since being appointed CEO in 2020, Song has achieved significant milestones for Kia, notably with the launches of the EV9 SUV and the EV3 SUV, which were named World Car of the Year in 2024 and 2025, respectively. (Kia)

June 25, 2025

Four automakers to recall over 14,000 vehicles due to faulty parts

Hyundai Motor Co., Jaguar Landrover Korea and two other companies will voluntarily recall more than 14,000 vehicles to address faulty components, the transport ministry said Wednesday. The four companies, including trading firm GS Global Corp. and GM Asia-Pacific Regional Headquarters, the South Korean subsidiary of General Motors Co., are recalling a combined 14,708 units across 19 different models, the Ministry of Land, Infrastructure and Transport said in a press release. The recalls were pro

June 25, 2025

AESC delay opens doors for Korean battery trio in BMW’s US EV plans

Faced with shifting US policy and trade risks, AESC — a Japan-based battery maker majority-owned by China’s Envision Group — has paused its $1.6 billion battery cell factory project in South Carolina, originally intended to supply BMW electric vehicles. The move underscores Korean battery firms as potential alternatives for the German automaker, given their accelerated push to expand US-based production. “Due to policy and market uncertainty, we are pausing construction at our South Carolina fac

June 23, 2025

Volvo’s XC40 tops rivals in H1 sales as limited editions fuel demand

Volvo's compact sport utility vehicle, the XC40, topped sales in its segment for the first half of this year, according to the Korea Automobile Importers & Distributors Association on Friday. The XC40 sold 1,105 units between January and May, outpacing strong competitors such as the BMW X1 (1,063 units), MINI Countryman (716 units) and Audi Q3 (475 units). Since its global debut in 2017, the XC40 has consistently been a bestseller, particularly in Europe, where it has led the premium compact SUV

June 20, 2025

Meyle to expand supply of EV parts in Korea

Meyle, a German premium automotive parts maker, is ramping up efforts to expand its supply of electric vehicle parts to prepare for a surge in EV repairs in Korea. According to Meyle on Friday, the company announced a plan to expand its product portfolio to produce more than 4,000 components for electric and hybrid vehicles to meet growing global demand. Meyle's Korean office said it is focusing on strengthening industry-academic partnerships to train future technicians, and enhancing the capabi

June 20, 2025

All-New Nexo: Hyundai’s hydrogen SUV roars back with 720km range

Hyundai Motor Company’s Nexo SUV, the world’s bestselling hydrogen fuel cell vehicle, has returned with the first full-change model since its launch in 2018, embodying its 27-year-long hydrogen mobility vision. With upgrades on its powertrain system and convenience features, the All-New Nexo presents next-generation clean mobility beyond electric vehicles. “Last year, the (first-generation) Nexo accounted for 40,000 of 77,000 hydrogen fuel cell EVs sold in global markets,” said Kim Ho-joong, sen

June 20, 2025

Hyundai, Kia drive digital upgrade for commercial vehicle safety

Hyundai Motor and Kia will develop a next-generation connected digital tachograph, or DTG, for commercial vehicles in collaboration with Korea’s transport authorities to enhance convenience for drivers and road safety, the automakers said Thursday. The automakers signed a memorandum of understanding with the Ministry of Land, Infrastructure and Transport and Korea Transportation Safety Authority to develop the advanced DTG system at the Hyundai Motor Group Namyang R&D Center earlier in the day.

June 19, 2025

KG Mobility bets on hybrids as core growth driver in long-term strategy

Korea’s sport utility vehicle maker KG Mobility announced Tuesday that it is positioning hybrid electric vehicles as a key pillar of its future growth strategy, signaling enhanced participation in the segments gaining global traction as an alternative to battery EVs. The announcement was made during the company’s presentation of its mid- to long-term strategy at its headquarters in Pyeongtaek, Gyeonggi Province. Presenting its hybrid concept as “an electric vehicle without the need for charging,

June 17, 2025

Han Sung Motor marks 40 years with customer engagement programs

Han Sung Motor, the largest official Mercedes-Benz dealer in Korea, announced Tuesday a series of customer-focused initiatives to mark its 40th anniversary. The programs aim to enhance customer engagement and expand brand experiences across its nationwide network. Established in 1985 as Korea’s first imported car dealership, Han Sung Motor has steadily grown to operate 19 showrooms, 19 service centers and 7 certified used car showrooms. Over the decades, the company has devoted itself to custome

June 17, 2025