Hyundai Motor Group said Thursday it has signed a memorandum of understanding with the US-based Advent Technologies to develop hydrogen fuel cells, with the goal of ramping up its hydrogen car business. Under the partnership, the carmaker plans to acquire key technologies for hydrogen fuel cells that can operate at 200 degrees Celsius from Advent Technologies by 2024. It will provide ion transfe...

Hyundai Glovis, a logistics affiliate under South Korean automobile giant Hyundai Motor Group, said Thursday that the company will ship the Korean Red Cross' two 5-ton trucks to Turkey for free to help the earthquake-hit people there. One truck is equipped with clothes washers and dryers, and the other has cooking tools that can provide meals enough for 300 people at once.

Hyundai Heavy Industries, the nation's largest shipbuilder affiliated with HD Hyundai, said Wednesday that its accumulative engine production for vessels has exceeded 200 million horsepower -- a record in the global shipbuilding industry. The company held a ceremony to mark the production milestone as it started a new 74,720-horsepower vessel engine at its engine production plant in Ulsan, an in...

Posco Future M, formerly called Posco Chemical, said Tuesday it would construct an electric vehicle battery materials plant in Pohang, North Gyeongsang Province, after landing a 40 trillion won ($30.6 billion) deal with Samsung SDI earlier this year. During a shareholders meeting Monday, the company decided to build a 392 billion-won plant that exclusively produces nickel cobalt aluminum (NCA) b...

Hyundai Motor Group on Tuesday unveiled an artificial intelligence-based automotive charging robot. According to the carmaker’s test video, the robot communicates with the Ioniq 6 electric sedan and controls the charging process, from parking to opening and closing the charger port cover. Details about the robot’s mass-market debut were not disclosed immediately.

Hyundai Motor Group’s Kia on Monday unveiled the concept of its full-electric midsized sport utility vehicle EV5 in China, renewing its sales push in the all-important market where it has struggled to elevate its shrunken market share. The carmaker held the Kia EV Day event, its first media event this year, in Shanghai. Earlier, Kia said it would produce the EV5 in China for both domestic and g...

IRA-backed US state plans to set up liaison office in Seoul to bolster ties with battery makers

S. Korean battery maker to secure over 250 GWh in North American production capacity by 2025

Relief goods are shipped to Korean Air’s special charter flight before it departs for Turkey on Monday. The Boeing 777 freighter carried 45 tons of relief goods, including tents, sleeping bags and blankets, to be delivered to the area hit by the Turkey-Syria tearthquake in February.

Swedish automaker aims for 30% of Korean sales to be EV trucks by 2027

The upcoming Seoul Mobility Show will unveil a wide range of innovative transportation spanning from new electric vehicles to air taxis, the organizing committee said Thursday. The 11-day exhibition, slated for March 30 - April 9, is scheduled to take place at Kintex in Gyeonggi Province. More than 160 mobility companies including automakers, mobility service providers and mobility software com...

Rolls-Royce Motor Cars on Thursday unveiled the Korea-only Lucid Night Editions of the Rolls-Royce Black Badge Cullinan SUV. The three limited-edition cars were inspired by the night view of Seoul that represents South Korea’s dynamics and modernity, the ultra-luxury carmaker said. Their prices are estimated at over 800 million won ($610,000). Rolls-Royce CEO Torsten Muller-Otvos is scheduled to ...

South Korean automaker Kia on Wednesday unveiled the official design of the Kia EV9, a large all-electric sport utility vehicle. Kia said it will release detailed information about the Kia EV9 later this month and debut the car at the upcoming Seoul Mobility Show on March 31-April l9 at Kintex in Gyeonggi Province.

Hyundai Motor Group has become the world’s third-largest carmaker in terms of sales, an impressive feat after more than two decades when, in 2000, the South Korean auto giant made it to the global top 10 list. According to its regulatory filing Wednesday, the carmaker sold a total of 6.8 million vehicles last year, the third highest after Toyota’s 14.8 million units and Volkswagen’s 8.5 million ...

With planned acquisition, Hyundai, Kia’s combined production capacity to exceed 1 million units in world's 3rd largest car market