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April 08, 2024
Hyundai Motor Group, Exide Energy partner for Indian EV model battery cells
Hyundai Motor Group said Monday it formed a strategic partnership with Exide Energy Solutions Ltd. of India to cooperate in battery cell production for the auto group's electric vehicle (EV) models f...equipping Hyundai Motor and Kia's future EV models in the Indian market with ...
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April 08, 2024
[KH Explains] Hyundai Motor’s bet on robot dog befalls murky outlook
...utlook Industry watchers say that the Boston Dynamics acquisition is a must-succeed mission for Hyundai Motor Group, not only because Chung’s own money has been invested in it but also because it was...take in US quadruped robot developer Ghost Robotics for $240 million, which is chea...
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April 08, 2024
HD Korea Shipbuilding opens decarbonization R&D center
...s launched a new research and development facility dedicated to comprehensive testing of decarbonizing maritime technologies. The Marine Innovative Decarbonization R&D facility, located at the HD Hyundai Heavy Industries yard in Ulsan, was inaugurated in a ceremony attended by key exec...
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April 04, 2024
LGES begins construction of battery plant in Arizona
...LFP ESS batteries. In North America, LGES currently operates three battery cell plants -- the first and second plants under the JV with GM, and one in Holland, Michigan. Plants under JVs with GM, Hyundai Motor Group, Honda Motor and Stellantis N.V. are being constructed in the US state...
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April 03, 2024
How did Hyundai Motor end up becoming KT's largest shareholder?
Hyundai Motor Group has become the largest shareholder of the nation's telecom giant, KT Corp. -- a rare move that is driving speculation about the carmaker's investment strategy and the possible imp... since the merger between the mobile carrier and KTF, its wireless subsidiary, in 2009....
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April 03, 2024
HD Hyundai Marine Solution ready for record IPO
HD Hyundai Marine Solution, an industry leader in ship life cycle maintenance formerly known as Hyundai Global Service, has set forth a revenue-doubling strategy within a five-year horizon, as it gears up for what is expected to be Korea's largest initial public offering in the ...
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April 03, 2024
Hyundai Mobis' media platform gets digital face-lift
By Park Se-ra ( serap1005@heraldcorp.com ) The Korea Herald
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April 03, 2024
Hana Bank opens nation’s largest forex dealing room
...d by Hana Financial Group Chairman Ham Young-joo, alongside distinguished guests including Financial Services Commission Chair Kim Joo-hyun, Financial Supervisory Service Governor Lee Bok-hyun, HD Hyundai Chair Kwon Oh-gap and other industry officials. Emphasizing cutting-edge infrastr...
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April 02, 2024
Hyundai Group marks 20 years of Vision Forum
By Park Se-ra ( serap1005@heraldcorp.com ) The Korea Herald
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April 02, 2024
LG Energy Solution rolls out 1st battery cell at Tennessee plant
...ts currently under construction or in operation. The Korean battery maker’s North American portfolio includes two standalone plants and six joint ventures with global automakers such as GM, Honda, Hyundai and Stellantis. “Some battery manufacturers are either pushing back their expan...
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April 02, 2024
Hyundai Motor grabs triple win in World Car Awards
Hyundai Motor Group has once again triumphed at the 2024 World Car Awards, with its vehicles being named World Car of the Year, World Electric Vehicle, and World Performance Car of the Year. The Wor... the World Car of the Year and World Electric Vehicle of the Year categories, beginning...
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April 02, 2024
Korean shipbuilders eye US yards to tap Navy's lucrative repair deals
...nts toward American shores, driven by incentives from the Inflation Reduction Act and the CHIPS and Science Act of 2022. Now, the Jones Act might beckon Korean shipbuilders to American waters. HD Hyundai Heavy Industries and Hanwha Ocean are setting their sights on acquiring an America...
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April 02, 2024
LGES-GM JV begins production at Tennessee battery plant
... current capacity. In North America, LGES currently operates three battery cell plants -- the first and second plants under the JV with GM, and one in Holland, Michigan. Plants under JVs with GM, Hyundai Motor Co., Honda Motor Co. and Stellantis N.V. are being constructed in the U.S. s...
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April 01, 2024
HD Korea Shipbuilding wins W612b ship orders in Oceania, Europe
... and the PC deal in Europe, the company said in a statement. Four LPG ships will be built at HD Hyundai Mipo Dockyard and two PCs will be constructed at HD Hyundai Vietnam Shipbuilding for delivery b... of $15.7 billion. HD KSOE has three shipbuilding affiliates -- HD H...
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April 01, 2024
Family, business leaders mourn Hyosung honorary chairman
... control with his older brother, also visited the funeral altar to pay respect. His visit ended shortly in about 6 minutes. Other business leaders and political figures also paid respect to Cho. Hyundai Motor Group Executive Chair Chung Euisun paid tribute to Cho with his wife Chung J...
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April 01, 2024
Korean fashion brands go global with Hyundai’s new platform
South Korean retail giant Hyundai Department Store announced Sunday the debut of The Hyundai Global, a pioneering platform designed to establish the nation’s homegrown fashion and entertainment brand...d value of The Hyundai and expand our business model in tandem wit...
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April 01, 2024
[From the Scene] Extreme climates to battery cells: Inside Hyundai's safety efforts
...af, allow scientists to understand the materials' properties on a microscopic level. Such insights are crucial for predicting how batteries will perform in unexpected conditions. This tour is not Hyundai's first public showcase of its Namyang facility. Last year, the company demonstrat...
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March 29, 2024
HD Hyundai wins $463 mln warship order in Peru
South Korean shipbuilder HD Hyundai Heavy Industries said Friday it has received a $463 million order in Peru to jointly build four warships with a local shipyard by 2029. Peru's state-owned shipbui...one of three affiliates of HD Korea Shipbuilding & Offshore Engineering (HD KSOE), alon...
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March 28, 2024
Kia EV9 wins world car of year
...ear. Thanks to the official launch of the three-row electric SUV in the North American market, Kia’s US branch saw its EV sales increase by 65 percent year-over-year through February. Meanwhile, Hyundai Motor Group collected another accolade at the World Car of the Year awards as the...
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March 28, 2024
Audi Korea names new head, seeks business turnaround
...ocal market. According to the announcement, Cloete will begin this new post at Audi Korea starting May 1. The new chief has over 27 years of experience in the automotive industry having worked at Hyundai Motor Group in South Africa and BMW Group in Bahrain. After joining Audi in 2014,...