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The Korea Herald

Automobiles

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...
August 14, 2024
Carmakers advised to disclose battery suppliers in EVs

In a bid to enhance transparency and safety, the government has recommended that all automakers operating in Korea voluntarily disclose the battery manufacturers of their EVs. This move follows the discovery that the luxury Mercedes-Benz EQE 350+ involved in the Incheon fire was equipped with a nic...
August 13, 2024
Polestar 4 signals premium EV expansion in Korea

Polestar Korea has launched the Polestar 4, the Swedish electric-vehicle maker’s coupe-style sports utility vehicle, seeking a breakthrough amid the ailing EV market with the new model. “The Polestar 4 boasts an overwhelming performance, design, interior space and outstanding price when compared...
August 13, 2024
Hyundai, Kia to offer free EV safety inspections

Hyundai Motor Company and Kia have announced a free inspection service for all owners of their electric vehicles, responding to heightened safety concerns following a recent apartment fire in Cheongna International City, Incheon earlier this month. The inspection service, already underway since Au...
August 13, 2024
Mercedes-Benz Korea responds to EV fire with supplier list, free inspections

Mercedes-Benz Korea on Tuesday revealed the battery suppliers for all its electric cars sold here on its official Korean website and announced free inspections for all EV owners to address mounting safety concerns in the wake of a devastating fire in Incheon involving one of its electric vehicles...
August 12, 2024
Carmakers eye transparency as EV fire probes escalate

South Korea’s electric vehicle battery manufacturers are on high alert as the government is considering new regulations requiring automakers to disclose the battery supplier for every vehicle model, following a fire in Incheon involving a Mercedes-Benz EV with Chinese-manufactured batteries, along...
August 11, 2024
Hyundai Motor names battery sources as EV fire concerns grow

Hyundai Motor Group is addressing public safety concerns over electric fires in Korea by disclosing the battery manufacturers for its electric vehicle lineup and implementing enhanced safety features. It has listed the battery manufacturers for all 13 Hyundai and Genesis EVs on its official Korea...
August 11, 2024
Software update of Hyundai, Kia cars result in lower theft rates in US

The anti-theft software upgrade for Hyundai Motor Company and Kia vehicles has reduced theft rates by more than half in the United States, according to a new study by the Highway Loss Data Institute. The two Korean automakers came under fire as numerous vehicle thefts among certain models lacking ...
August 07, 2024
Hyundai Casper Electric poised to prevent sudden acceleration

Hyundai Motor Company on Tuesday showcased an array of distinguished features of the automaker’s newest battery-electric vehicle the Casper Electric, including the automaker’s latest technology that can prevent sudden acceleration incidents. Named Pedal Misapplication Safety Assist, or PMSA, the...
August 06, 2024
Volkswagen keen to revive Korean sales with new Touareg

Volkswagen Group Korea on Tuesday launched the new Touareg, the first release from the German automaker in the local market in about two years, as the German automaker looks to bolster its presence here. “The Touareg has established a unique position, offering exceptional product value at a reaso...
August 05, 2024
Hyundai Glovis, China's Huayou partner on battery recycling

Hyundai Glovis has partnered up with Chinese firm Huayou Cobalt to create an extensive recycling network for electric vehicle batteries, aiming to lead the way in sustainable battery management. Hyundai Glovis, a Korean logistics and distribution powerhouse, inked a memorandum of understanding wit...
August 01, 2024
Samsung, LG's electric auto parts sales soar despite EV slump

On a similar winning streak, LG Electronics' automotive electric parts business is thriving, driven by a stable portfolio and strong order volume from electric and traditional vehicles. In the second quarter, its Vehicle Component Solutions division, which handles automotive electric parts, reporte...
July 31, 2024
Hyundai Motor signs mobility partnership with UN humanitarian agency

Hyundai Motor Company announced Wednesday that it signed a mobility sector partnership with the United Nations World Food Programme, the world's largest humanitarian organization dedicated to fighting hunger across the globe. The agreement ceremony took place at the Hyundai Motor Studio in Goyang,...
July 30, 2024
Geely’s top brass visit SK to speed up EV partnership

SK Group and SK On are reportedly fast-tracking their collaboration with China’s Zhejiang Geely Holding Group, a leading multinational automotive conglomerate. Industry sources reported that executives from Geely Auto responsible for technology, research and development, and international coopera...
July 29, 2024
Hyundai Motor accelerates air mobility business in Indonesia

Hyundai Motor and Kia demonstrated their advanced air mobility in Indonesia as they demonstrated a flying aircraft and hailing procedure at the Samarinda Airport in East Kalimantan on Monday. With officials from Indonesia’s Ministry of Transportation and Nusantara Capital City Authority in attend...

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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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