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Hyundai Motor invests $100 mn in battery start-up SolidEnergy Systems
News
  Jul 07, 2021

Hyundai Motor invests $100 mn in battery start-up SolidEnergy Systems

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 temporarily halts production at US plant
News
  Jun 16, 2021

Hyundai temporarily halts production at US plant

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 Solutions develops innovative battery technology
News
  Jun 11, 2021

LG Energy Solutions develops innovative battery technology

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.

LG Electronics, Magna JV to be launched in July after receiving EU nod
News
  Jun 02, 2021

LG Electronics, Magna JV to be launched in July after receiving EU nod

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 to form JV with SK Innovations to make EV battery cells
News
  May 25, 2021

Ford to form JV with SK Innovations to make EV battery cells

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 in talks to acquire Korea-based chip contract manufacturer
News
  May 19, 2021

SK Hynix in talks to acquire Korea-based chip contract manufacturer

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 suspends production at Sonata-making unit due to parts shortage
News
  Apr 20, 2021

Hyundai suspends production at Sonata-making unit due to parts shortage

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.

Hyundai to showcase new EV concept ‘45’ at Frankfurt Motor Show
News
  Aug 29, 2019

Hyundai to showcase new EV concept ‘45’ at Frankfurt Motor Show

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

Hyundai Motor Group introduces world’s first multi-collision airbag system
News
  Jan 21, 2019

Hyundai Motor Group introduces world’s first multi-collision airbag system

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

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