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The Korea Herald

Automobiles

October 31, 2024
[From the Scene] Crash-tested, fire-proofed: Mercedes shows Korea how it keeps EVs safe

Despite all this testing, Mercedes finds itself facing a challenging PR situation. The fire incident in August is still unsettling since the car had been stationary for 59 hours without any external shock. It has led many Korean consumers to question EV safety, particularly the risk of “spontaneou...
October 31, 2024
Touareg drives Volkswagen’s push into Korea’s premium SUV market

Travel Assist provides semi-autonomous driving support, combining adaptive cruise control and lane-keeping functions for a smoother, less tiring drive. The Proactive Occupant Protection System monitors potential accident risks and can automatically tighten seatbelts or adjust seats to better protec...
October 31, 2024
Bentley’s fastest luxury coupes arrive in Korea with hybrid power

The new Continental GTC Speed is a convertible with a soft-top roof that opens or closes in 19 seconds at speeds of up to 48 kph. The GTC Speed essentially offers the power and luxury of the GT Speed with the added pleasure of open-air driving. With the GT Speed and GTC Speed now in Korea, Bentley...
October 30, 2024
Samsung SDI-Stellantis JV to start US production in December

Samsung SDI unveiled details on its first electric vehicle battery production in the US in partnership with Stellantis and General Motors during its third-quarter earnings announcement Wednesday. “The joint venture with Stellantis, Starplus Energy, marks Samsung SDI’s first foray into battery ce...
October 30, 2024
LG Chem ups automotive adhesives business

LG Chem, South Korea’s leading chemicals company, is ramping up its automotive adhesives business as the rising market for electronic components in vehicles is expected to fuel demand. On Wednesday, LG Chem announced it had secured a deal to supply its heat-dissipating adhesives to a US-based ele...
October 30, 2024
[KH Explains] How LG Energy Solution’s bold bet paid off with Tesla, Mercedes deals

Cylindrical 4680 batteries, named for their 46-millimeter diameter and 80-millimeter height, are hailed as a pivotal advanced battery technology in electric vehicles due to enhanced energy storage capacity and power output. Tesla, a trailblazer in the EV industry, gained acclaim with its affordable...
October 29, 2024
Hyundai, rival carmakers urge US to delay Chinese tech ban

Global automakers, including Hyundai Motor, Toyota and General Motors, are urging the US government to delay new restrictions on Chinese-made parts used in connected vehicles. The proposed regulations, which aim to limit Chinese and Russian components in vehicles with advanced communication and au...
October 28, 2024
Why Kia’s first pickup isn't debuting in US

Kia’s first-ever pickup, the Tasman, is unlikely to debut in the US, the world’s largest pickup truck market, largely due to lower profitability amid protectionist policies there. “We do not have plans to sell the Tasman pickups in the US because of the hefty tariffs imposed on Korea-made picku...
October 28, 2024
[Herald Interivew] Mercedes stands by Farasis batteries in EV fire scrutiny

The battery fire incident has heightened concerns among Korean consumers, the fourth-largest market for Mercedes-Benz globally in terms of sales volume. Accompanying Korean reporters during the Stuttgart media roundtable, Mathias Vaitl, CEO of Mercedes-Benz Korea, acknowledged the consumer unease a...
October 28, 2024
Mercedes-Benz raises Drive Pilot speed limit

Mercedes-Benz announced Monday that it is upgrading its automated driving system, Drive Pilot, allowing it to operate at speeds of up to 95 kilometers per hour on German motorways. The upgrade is expected to be available in early 2025, following this year’s anticipated approval from Germany’s Fed...
October 27, 2024
Kia logs record-high operating profit for 3Q

Hyundai Motor Group’s smaller affiliate Kia said Friday that it has posted 2.9 trillion won ($2.1 billion) in operating profit, marking the highest ever for a third quarter, despite mounting challenges in the automotive industry. The carmaker’s profit increased 0.6 percent from the same period l...
October 24, 2024
[From the scene] How a Mercedes plant is turning dead EV batteries into fresh materials

“The wet process enables us to recover on average 96 percent of all the input materials, far surpassing traditional methods,” said Roxana Maria Truta, Mercedes-Benz’s battery recycling process development manager. “This includes a significant boost in the efficiency of lithium extraction, which...
October 24, 2024
Hyundai Motor's Q3 profit misss estimates

Hyundai Motor Company reported 3.58 trillion won ($2.5 billion) in third-quarter operating profit Thursday, down 6.5 percent from the same quarter last year and missing the market consensus of 3.9 trillion won. The automaker explained in a conference call that a proactive warranty extension for th...
October 24, 2024
Hyundai Glovis adopts fire control system for safer EV shipping

Hyundai Glovis, Hyundai Motor Group's logistics and distribution subsidiary, said Thursday that it has equipped its automobile carriers with a fire suppression system to prevent potential incidents while delivering electric vehicles. The EV-Drill Lance system is designed to quench electric vehicle...
October 23, 2024
[KH Explains] Tesla’s vague robotaxi vision may let Hyundai-Waymo narrow gap

"GM Cruise’s urgency to prove progress to investors and executives led to risky operations without human oversight, and it cost them dearly," said an official from 42dot, the self-driving mobility unit under Hyundai Motor Group. This incident highlighted the need for strong leadership and patience...

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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
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