Samsung Display (SDC) will, for the first time ever, supply main automotive displays to Hyundai Motor, which is expected to further deepen the future vehicle alliance between Samsung...
Hyundai Motor and LG Energy Solution have embarked on a joint effort to scale up in the US. The pair announced on May 26 that they will build an EV battery cell plant together in...
Hyundai Motor signed an MoU with India's Tamil Nadu government to ramp up vehicle production and will set up battery manufacturing facilities as well as infrastructure to capitalize...
Strong sales worldwide in the first quarter of 2023 helped Hyundai Motor's profits. The carmaker released the financial results on April 25, with net profit growing 92.4% year-over...
South Korea's top-3 battery makers SK On, LG Energy Solution (LGES), and Samsung SDI are all on track to build additional domestic production capacities, in order to reduce the country's...
Hyundai Motor Group and SK On Co. will spend as much as $5 billion in North America for the production of electric car batteries as President Biden's green bill encourages companies...
Hyundai Motor Group unveiled a plan to scale up its EV presence significantly. The South Korean company plans to invest KRW24 trillion (US$18 billion) by 2030 to grow production and...
Although South Korea's overall export value has gone down for five consecutive months, the automotive sector once again broke export records in February 2023 and overtook semiconductors...
Hyundai Motor Group announced on March 13 that it has signed a term sheet for the potential acquisition of Genral Motors (GM)'s plant in Maharashtra, India. The South Korean carmaker...
Indonesia took a step forward to boost its EV market on March 6. The government announced a subsidy program for electric scooters, vehicles and buses. Officials said the country is...
As SIC power chips are increasingly applied to EV inverters, many IDMs are not only expanding production capacity but also keenly launching products and solutions to meet robust market...
Hyundai Motor Group (HMG) announced its total annual sales throughout 2022 grew slightly by 1.4% on-year to 3.94 million units; global annual revenue reached KRW142.5 trillion (US$120...
Onsemi has signed a strategic agreement with German automaker Volkswagen (VW) to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter...
General Motors retook the title of the top US car seller. According to sales numbers released on January 4, the automaker reported US sales of over 2.27 million cars in 2022, holding...
Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits under the...
