Hyundai invested around $100 million in SES, a lithium metal battery start-up, according to Yonhap and its industry sources, reported Reuters. It is part of Hyundai’s investments in electrification.

Hyundai Motor, South Korea's biggest carmaker based on sales, announced that has suspended production in its US plant for three weeks due to lack of semiconductors and routine maintenance.

LG Energy Solution, South Korea's leading manufacturer of advanced lithium-ion batteries, is showcasing its world class battery technologies and solutions at InterBattery 2021.

The European Commission approved a joint venture between South Korean electronics manufacturer LG Electronics and Canadian auto parts maker Magna International on May 25. Launch date is in July.

Ford and SK Innovation have recently announced that they have signed an MoU for creating a joint venture for an annual production of 60 GWh in array modules and traction battery cells.

SK Hynix Inc, the world's second-largest memory chip maker, is reportedly holding talks for acquiring Key Foundry, South Korea’s only pure-play foundry.

Hyundai is planning to suspend production in its Asan plant for two days next week, owing to the lack of electronic parts. The company had already suspended operations on Monday and Tuesday last week.

The new concept is inspired by the Hyundai’s first model in the 1970s

The new airbag system will protect from secondary impacts and will be inserted in future Hundai and Kia vehicles.