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The Korea Herald

Automobiles

August 28, 2024
Samsung SDI, GM push ahead with $3.5b joint battery plant in US

Samsung SDI and General Motors reaffirmed their commitment to the growth of the electric vehicle market despite the recent slowdown as they finalized the agreement to establish a joint battery plant in the United States on Tuesday. According to Samsung SDI, key representatives from the Korean batt...
August 26, 2024
Hyundai-Kia climb to top credit ranks among global automakers

Hyundai Motor Company and Kia have just secured their place among the world’s most financially sound automakers. According to industry sources Monday, both companies received A ratings from the world’s three major credit rating agencies -- Moody's, S&P and Fitch. This positions Hyundai and Kia a...
August 25, 2024
Eximbank, LS Cable to bolster supply chain for rare-earth magnets

The state-run Export-Import Bank of Korea, or Eximbank, on Friday signed a business agreement with the nation's leading cable manufacturer, LS Cable & System, and its Asia-focused subsidiary, LS Eco Energy, to support building a stable supply chain for rare-earth permanent magnets, a key component ...
August 25, 2024
Renault Grand Koleos boasts extensive safety features

It’s also the first in Korea to include an ADAS-specific map designed for city roads. The system can detect road signs using a windshield-mounted camera and display them on the instrument panel and head-up display, helping drivers stay aware of speed limits. Renault Korea has also partnered with ...
August 22, 2024
Porsche unveils K-edition Taycan in Seoul

Porsche Korea launched the new Taycan on Thursday, the brand’s upgraded all-electric sports sedan, as the German sports car-maker aims to keep building on the success of the EV here. “Since (the Taycan’s) launch in 2020, the demand for (our) first fully electric sports car has exceeded our expe...
August 22, 2024
[Test Drive] Casper Electric: a small, yet full package

The Casper Electric, Hyundai Motor’s newest all-electric sub-compact sport utility vehicle, might look unassuming but it wins consumers' hearts with a big surprise inside. The Korea Herald got to check out the EV model of the Casper, known as the Inster in overseas markets, in a test drive in Seo...
August 22, 2024
Hyundai Motor previews new tech to beat heat waves

The glass can also block up to 60 percent of solar rays without the need for electricity, providing a dual function that benefits drivers in both hot and cold climates. Unlike older defrosting technologies that use visible tungsten wires embedded in the glass, Hyundai’s metal-coated solution is co...
August 21, 2024
KG Mobility to sell new Actyon SUV on Naver shopping platform

Korean sport utility vehicle dark horse KG Mobility (KGM) unveiled a refreshed brand strategy Tuesday as it launched its new SUV Actyon, with eyes set on expanding its presence in the global market. “KG Mobility has a history that always pursued being the first during its 70-year-long history, in...
August 20, 2024
[Herald Interview] Jeep Avenger looks to repeat European success in Korea
August 19, 2024
Ford halts Quebec battery plant project with SK, EcoPro

Construction of a cathode material plant in Becancour, Quebec -- a joint venture between Korea’s EcoPro BM, SK On, and US automaker Ford -- has been halted for the second time this year, amid growing uncertainty surrounding Ford’s electric vehicle strategy. The plant's construction began in Augu...
August 18, 2024
Hybrid vehicles report fewest fire incidents: data

Statistics from the National Fire Agency showed Sunday that hybrid vehicles reported the fewest fire incidents over the last five years, as fears related to battery-electric vehicles spread across Korea following the recent EV fires that occurred earlier this month. According to the fire authority...
August 16, 2024
Korea sees panic selling in used EVs

A mass sell-off of EVs has begun in South Korea, following a fire involving a Mercedes-Benz EV in Incheon that destroyed more than 140 cars and sparked proposals to restrict EVs' access to underground parking lots. Since the fire on Aug. 1, the market has been flooded with used EVs. K Car, Korea’...
August 15, 2024
Hyundai, Kia report zero EV fires from overcharging

Once the BMS detects signs of a battery malfunction, it not only conducts safety measures but also notifies drivers depending on the level of severity and advises them to visit a nearby center or call the automakers’ emergency support center if driving the EV is not an option at the moment. The a...
August 15, 2024
Tesla Korea keeps mum about battery suppliers

Tesla, the biggest electric vehicle importer in Korea, is keeping mum about releasing the information about their cars’ battery makers despite the government’s recommendation to do so following a recent series of EV fires. After two EV fires -- one in a Mercedes EQE and the other in a Kia EV6 --...
August 14, 2024
[KH Explains] Are China-made batteries being fairly criticized for EV fires?

A battery specialist from a global consulting firm who has worked with major Korean battery manufacturers suggested that Mercedes-Benz, unlike its European rivals Volkswagen and BMW, was late to the electrification shift. By the time it began securing battery suppliers, Korean companies like LG Ene...

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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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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099