Posco bets W16.7tr on lithium, energy beyond steel

Posco Group Chairman Chang In-hwa on Wednesday unveiled a sweeping overhaul of the group's business portfolio, pledging to transform the steelmaker into a "national champion supplier of strategic resources" spanning steel, lithium and energy. Speaking directly to investors at the group's CEO Investor Day event, Chang said rising geopolitical tensions, supply chain fragmentation and the accelerating shift toward low-carbon industries require a fundamental rethinking of corporate growth strategies

2026-07-02 15:01:02:00

Virtual roads and wire cars: Hyundai’s digital proving ground

HWASEONG, Gyeonggi Province — As vehicles evolve into software-heavy machines, quality inspection has become increasingly complex, raising the bar for advanced, efficient testing powered by digital twin, robotics and artificial intelligence. A key example of this shift is Hyundai Motor Group’s Namyang research center in Hwaseong, Gyeonggi Province, where the automaker is pioneering new inspection technologies for the era of software-defined vehicles (SDVs). The Namyang center unveiled its new Ad

2026-07-02 14:54:20:00

Hyundai unveils 1st smart service center

Hyundai Motor Co. said Tuesday it has opened its new Suwon Hi-Tech Center in Gyeonggi Province, a highly automated facility designed to deliver faster, more advanced and customized maintenance services for next-generation vehicles. Hyundai Motor Group Vice Chair Chang Jae-hoon, Hyundai Motor Co. CEO Jose Munoz, Hyundai Glovis CEO Lee Kyoo-bok, Hyundai Mobis Vice President Son Chan-mo and other executives attended the opening ceremony earlier in the day. The center is Hyundai’s first automated ma

2026-06-30 14:36:28:00

Boston Dynamics taps Korean suppliers for Atlas rollout

Boston Dynamics, a US-based robotics subsidiary of Hyundai Motor Group, is leveraging the robotics parts value chain in Korea as it gears up for a commercial rollout of the Atlas humanoid robot. According to media reports Monday, around 10 engineers from Boston Dynamics have spent nearly a month in Korea, evaluating over 10 auto parts factories largely affiliated with Hyundai Motor, including Hyundai Mobis, Hwashin Precision Co. and SOS Lab. This tour was reportedly aimed at assessing the potent

2026-06-29 14:58:23:00

Inside NIO's AI factory, where cars build themselves

HEFEI, China — On the body assembly line of NIO’s F2 electric vehicle plant in Hefei, China, there are no people. Only the sharp hum of machinery and the synchronized choreography of orange robotic arms fill the vast space. German-based KUKA robots converge on an aluminum vehicle body: One lifts a door into place, a second one measures alignment through sensors, while others complete the welding process in seconds. Human hands never touch the process. In this 100 percent automated process, where

2026-06-29 10:04:49:00

BYD doubles down on Korea with first PHEV

BYD has unveiled the Sealion 6 DM-i, its first plug-in hybrid vehicle for Korea, betting that the vehicle type can bridge the sharp divide in the Korean market between fully electric vehicles and conventional hybrids. According to Liu Xueliang, general manager of BYD’s Asia-Pacific auto sales division, the company’s PHEV technology delivers an “essentially all-electric driving experience,” offering EV-like refinement while easing consumers’ widespread concerns over the limited driving range of p

2026-06-28 15:00:00:00

Korea Zinc Chairman, Australia PM deepen critical minerals ties

Korea Zinc Chairman Choi Yun-birm met with Australian Prime Minister Anthony Albanese on Wednesday to discuss strengthening cooperation in critical minerals supply chains. During the meeting at the Prime Minister’s Office in Canberra, Australia, the two agreed to deepen communication on advancing critical minerals value chains and supply chain resilience and explore new areas of collaboration. Addressing challenges in Australia’s smelting industry, Albanese highlighted Korea Zinc’s Sun Metals Co

2026-06-25 15:38:53:00

Hyundai eyes full ownership of Boston Dynamics

Hyundai Motor Group is considering swapping its US artificial intelligence research arm for SoftBank's remaining stake in Boston Dynamics, which would give the automaker full ownership of the robotics company ahead of its planned initial public offering. According to media reports on Thursday, if the deal goes through, Hyundai would acquire the remaining 9.65 percent stake in Boston Dynamics currently held by SoftBank, making the robot maker a wholly owned subsidiary, while transferring its robo

2026-06-25 14:36:20:00

Hanwha Aerospace to produce K9 Howitzers in UAE

Hanwha Aerospace is partnering with a defense company from the United Arab Emirates to pursue local production of its K9 self-propelled howitzer, strengthening its presence in the Middle East defense market. The company said Wednesday that it signed a teaming agreement with Generation 5 Holding, a UAE-based defense and technology firm, during the Eurosatory 2026 defense exhibition held in Paris last week. Under the agreement, the two parties will collaborate to start production of the K9 155-mil

2026-06-24 20:38:35:00

Hyundai Motor union's 30% bonus push gains momentum

Hyundai Motor Co.’s labor union has voted to secure the right to strike, with its longstanding demand for a “30 percent of net profit” bonus gaining fresh momentum following Samsung Electronics’ recent landmark agreement. Hyundai Motor’s union, involving 39,668 members, held a strike authorization vote on Wednesday, with 92.03 percent agreeing to go on strike. After securing the legal right to strike in a vote that has never failed to pass, the union will decide whether to proceed with a walkout

2026-06-24 18:00:10:00