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The Korea Herald

Automobiles

November 12, 2024
Hyundai’s Atlas robot takes the spotlight as Tesla's Optimus stumbles

In Boston Dynamics' recent video, the latest Atlas is shown autonomously sorting objects in a simulated factory setting. Using a new machine-learning-based vision model, the robot can recognize parts, determine the correct grip points, and place items in designated compartments. Atlas also demonstr...
November 12, 2024
[From the Scene] How BMW’s growing Korea parts hub gets repairs done faster than ever

By Moon Joon-hyun ( mjh@heraldcorp.com )
November 11, 2024
Hyundai Motor plays down missed IRA incentives for Georgia plant

Hyundai Motor has missed out on the United States tax incentives for its new $7.6-billion manufacturing plant -- Hyundai Motor Group Metaplant America -- in Bryan County, Georgia, but said the credit did not affect its investment in the plant. According to industry sources Monday, Hyundai Motor di...
November 11, 2024
LG eyes footing in aerospace with possible SpaceX deal

LG Energy Solution has reportedly forged a deal with Elon Musk’s SpaceX to supply its cylindrical batteries, further strengthening its partnership with Tesla and advancing its footprint in the global aerospace sector. According to industry sources on Monday, the Korean battery maker began develop...
November 08, 2024
LG ramps up US battery push with $8b supply deal for Rivian EVs

By Moon Joon-hyun ( mjh@heraldcorp.com )
November 07, 2024
Hyundai Motor edges closer to global No. 2 carmaker in profit

Hyundai Motor Group has outpaced Volkswagen Group in the third-quarter profit, edging closer to claiming the world’s second-largest carmaker title this year for the first time. From June to September, Hyundai Motor Company, Kia and Genesis posted 69.4 trillion won ($49.7 billion) in sales revenue...
November 07, 2024
Korean auto, battery firms buckle up for second Trump term

Korean automakers and battery-makers now face the daunting task of coping with a second Donald Trump administration, as they try to prepare various measures to weather the storm of uncertainties expected from the next president of the United States. Throughout his election campaign, Trump has open...
November 07, 2024
Tata Daewoo rebranded for EV shift

By Moon Joon-hyun ( mjh@heraldcorp.com )
November 06, 2024
Renault Korea CEO awarded Industrial Service Medal

Renault Korea CEO Stephane Deblaise has been awarded the Industrial Service Medal from the Korean government in recognition of his leadership in successfully launching the Grand Koleos, the French automaker's new sports utility vehicle codenamed Aurora 1. According to Renault Korea on Wednesday, D...
November 05, 2024
Kia’s new Sportage gets all-around upgrade

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
November 05, 2024
Q3 sees mixed fortunes for Korean tire makers amid higher shipping costs

Looking ahead, all three companies are planning to expand their overseas production to mitigate these logistical costs. Hankook is expanding its plant in Tennessee, as well as its facility in Hungary, which serves the European market. Kumho is ramping up production at its plant in Vietnam, aiming t...
November 04, 2024
SK On reports first-ever profit in Q3

SK On, SK Innovation’s battery subsidiary, reported its first-ever quarterly profits in the third quarter of this year after years of operating losses since it spin off in 2021. During its earnings conference call on Monday, the battery maker reported an operating profit of 2.4 billion won ($1.8 ...
November 04, 2024
[From the Scene] A rare glimpse into Mercedes' data-driven battery assembly

“Helium is expensive, but it’s the best option for this type of test,” Frosch said. The result of this rigorous testing? Less than 1 percent of batteries produced here have any detectable defect, according to Mercedes-Benz. Once the batteries pass their final inspections, they’re serialized an...
November 03, 2024
Korean battery makers brace for impact of US election

With the US presidential election just around the corner, Korean battery companies are bracing for change as the result could have significant effects on the industry, particularly if Republican candidate Donald Trump wins. Korea’s leading battery producers -- LG Energy Solution, Samsung SDI and ...
October 31, 2024
Hyundai renews hydrogen vision with more advanced Initium SUV

Hyundai Motor on Monday introduced a concept version of Initium, a hydrogen fuel-cell sport utility vehicle, adding a new chapter to its 27-year commitment toward renewable energy solutions. “The new addition to the hydrogen-powered SUV lineup will debut next year,” said Chang Jae-hoon, presiden...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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