Although South Korea's overall export value has gone down for five consecutive months, the automotive sector once again broke export records in February 2023 and overtook semiconductors...
Hyundai Motor Group announced on March 13 that it has signed a term sheet for the potential acquisition of Genral Motors (GM)'s plant in Maharashtra, India. The South Korean carmaker...
Indonesia took a step forward to boost its EV market on March 6. The government announced a subsidy program for electric scooters, vehicles and buses. Officials said the country is...
As SIC power chips are increasingly applied to EV inverters, many IDMs are not only expanding production capacity but also keenly launching products and solutions to meet robust market...
Hyundai Motor Group (HMG) announced its total annual sales throughout 2022 grew slightly by 1.4% on-year to 3.94 million units; global annual revenue reached KRW142.5 trillion (US$120...
Onsemi has signed a strategic agreement with German automaker Volkswagen (VW) to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter...
General Motors retook the title of the top US car seller. According to sales numbers released on January 4, the automaker reported US sales of over 2.27 million cars in 2022, holding...
Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits under the...
Biden's IRA law, which provides subsidies for US-made EVs only, has caused tensions between the US and South Korea. Following rounds of meetings with US Trade Representative, Ahn...
SK On, one of the largest EV battery manufacturers from South Korea, signed a memorandum of understanding (MOU) on November 28 with Hyundai Motor Group. The two companies will be...
Hyundai Motor Group announced at the end of October that it broke ground on Metaplant America to produce EV and EV batteries in the US, following the passage of the US' new law Inflation...
South Korean and Japanese governments have officially offered their comments on the revised EV tax credits rules of the US. South Korea urged America to postpone the law until 2025,...
According to the South-Korea based Hyundai Mobis, it has begun to supply chassis modules for automaker Mercedes-Benz AG's four electric SUVs, becoming the first non-European supplier...
Hyundai Group has announced deployment of OTA updates on all its new vehicles to be launched starting 2023, both electric vehicles (EV) and ICE vehicles, to fully integrate digitalization...
