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.

AT&S Austria Technologie & Systemtechnik AG, a semiconductor manufacturer, announced its plan to invest $2 billion to construct a production plant in Malaysia in Kulim Hi-Tech Park of Kedah.

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 workers at cash strapped Ssangyong Motor have agreed to accept the restructuring measures. The Korean carmaker, aims to complete the sale by finding a new majority investor by October 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.

In order to complete its sale process, SsangYong Motors, a South Korean auto firm, is looking for a new majority investor by the end of October.

According to a report, Nissan is planning investment of $1.8 billion for building new EV battery plants in Japan and the United Kingdom. The aim is to deliver batteries to power 700,000 EVs by 2024.

According to the Investment minister of Indonesia, the state-owned Indonesia Battery Corporation and South Korea's LG will set up a new battery plant with a capacity of 10 GWh, worth $1.2 billion.

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.