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Hyundai Motor revamps leadership in key markets
Hyundai Motor Group has reshuffled top leadership in key markets, including Korea, China and India, as it seeks to strengthen sales and better navigate global uncertainties. According to industry sources Thursday, Kim Seung-chan, head of Hyundai’s domestic sales division, has been promoted to executive vice president and appointed chief of the domestic business division. Kim, a veteran sales strategist with extensive field experience, is now tasked with boosting Hyundai’s market share and improv
Dec. 4, 2025 -
LG Innotek to showcase auto tech vision at CES 2026
LG Innotek will use CES 2026 to introduce a more consumer-facing vision of its automotive technology, unveiling integrated systems for autonomous driving and electric vehicles that go beyond its traditional role as a camera component supplier for global device brands like Apple. The company said Wednesday that it plans to install two full-scale vehicle mockups at the entrance of the Las Vegas Convention Center West Hall during CES, formerly known as the Consumer Electronics Show, which runs from
Dec. 3, 2025 -
US confirms retroactive cut of Korean auto tariffs to 15%
The US has confirmed it reduced tariffs on South Korean automobiles from 25 percent to 15 percent, effective retroactively to Nov. 1, a move expected to ease uncertainty and cost pressures for automakers such as Hyundai and Kia. The reduced rate comes after Seoul on Nov. 26 introduced legislation in parliament tied to the country’s $350 billion investment pledge in the US, a prerequisite outlined in the bilateral memorandum of understanding signed on Nov. 14. The memorandum stipulated that tarif
Dec. 2, 2025 -
Hyundai Motor turns to local CEOs in high-stakes Asian reset
Hyundai Motor Co. is undertaking its most sweeping overhaul of Asian leadership since appointing Jose Munoz as its first foreign CEO last year — a move that reflects a broader strategic pivot toward deeper localization, as the automaker confronts intensifying US tariff risks and mounting pressure from Chinese EV competitors. By naming new local chiefs in China, Japan and India, Hyundai aims to accelerate decision-making in three of its most complex and strategically sensitive markets. But the sh
Dec. 1, 2025 -
Hyundai to provide hydrogen cars, infrastructure support for Hydrogen Council CEO Summit
Hyundai Motor Group will provide a full fleet of hydrogen-powered vehicles and other comprehensive on-site support for the Hydrogen Council CEO Summit, set to take place in Seoul this week, the group said Monday. The South Korean automotive group will operate 56 hydrogen-fueled cars as official vehicles for the three-day event that begins Tuesday. It will also co-host a special session to introduce domestic companies' efforts to expand the hydrogen ecosystem. Hyundai will offer test-drive experi
Dec. 1, 2025 -
Hyundai, Kia to invest W1.2tr in new battery R&D hub in Anseong
Korea’s two largest automakers, Hyundai Motor Co. and Kia, announced Friday that they will invest 1.2 trillion won ($816 million) to build their first battery-dedicated research and development facilities, signaling a stronger commitment to developing batteries for their own vehicles, future mobility and robotics. The two Hyundai Motor Group affiliates held a ceremony wishing the safe completion of the Future Mobility Battery Anseong Campus, marking the first official confirmation of the project
Nov. 28, 2025 -
Korens gets cleared of trade secret infringement allegations
Korens, a South Korean automotive parts supplier, has been cleared of a trade secret infringement allegation raised by its crosstown rival SNT Motiv, the company announced Thursday. The Busan High Prosecutors’ Office dismissed an appeal case from SNT Motiv last week, citing that it found no evidence to support SNT Motiv's allegation that Korens illegally obtained the information on adhesive application quantities or drying conditions or leaked the related data to the outside. The prosecution add
Nov. 27, 2025 -
Kia PV5 named Top Gear’s family car of the year
Kia's PV5 has been named family car of the year at the UK’s 2026 Top Gear Awards, becoming the first van to claim the honor, the automaker announced Thursday. According to Kia, the award underscores the PV5’s early momentum in the global electric commercial vehicle market, even though the model has begun its global launch in the second half of this year. It also represents a breakthrough for the segment, as the family car award has traditionally gone to SUVs and passenger cars rather than vans.
Nov. 27, 2025 -
4th Nuri mission moves Korea toward commercial spaceflight
South Korea was set to launch its fourth Nuri rocket, or KSLV-II, early Thursday, marking a pivotal moment in the country’s bid to transition from a state-led space program to the commercially driven “New Space” model. After three successful missions between 2021 and 2023, the fourth flight represents more than a routine deployment. It is the first launch in which Hanwha Aerospace — not the government — is leading rocket production, assembly and supply-chain management, using technology formally
Nov. 26, 2025 -
LG Chem’s new electrolyte tech lifts solid-state battery performance by up to 50%
LG Chem has achieved a key breakthrough in boosting all-solid-state battery performance, advancing its efforts to commercialize the next-generation technology, the company announced Tuesday According to the company, it has developed a technology that precisely controls the particle size of solid electrolytes. This key material for all-solid-state batteries enables higher energy density and lowers fire risk compared with conventional lithium-ion cells. The research, conducted jointly with LG Chem
Nov. 25, 2025 -
Why India has become Hyundai’s most important battleground
Hyundai Motor Co. is deepening its localization efforts in India, expanding production capacity and appointing the first Indian chief executive of its 29-year-old local unit, as competition intensifies in the world’s third-largest car market. Analysts say the automaker must now accelerate local integration — from model development to production strategy — to sustain its long-running success in a market where demand and rivalries are rising simultaneously. A recent report from the Korea Automotiv
Nov. 24, 2025 -
‘Korea is closing LFP gap with China’: Innometry CEO on yields, tech edge
Amid a global slowdown in electric vehicle demand, China has tightened its grip on cost-efficient lithium iron phosphate, or LFP, batteries, while Korea — long focused on premium nickel-cobalt-manganese — has only recently begun scaling up LFP output. Yet the CEO of a leading battery inspection equipment-maker says Korea is closing the gap far faster than many assume and could even gain an edge as Chinese battery exports face mounting tariff pressure. “If you look at LFP mass-production capabili
Nov. 24, 2025 -
Hansae Mobility begins construction of $30b Uzbek auto parts factory
Korean auto parts maker Hansae Mobility broke ground on a $30 billion auto parts factory in Fergana, Uzbekistan, as part of its strategy to expand in the region’s fast-growing auto industry, the company said Friday. The world’s leading manufacturer of halfshafts — a key component that transmits rotational force from the engine or motor to the wheels — is set to begin production in Uzbekistan in 2026, with an annual capacity of 500,000 units. Hansae Mobility is already one of the largest supplie
Nov. 21, 2025 -
Renault pushes digital upgrades as key growth strategy
Renault Korea said Friday that it has released the fourth over-the-air software update for its Grand Koleos SUV, reflecting the auto industry’s accelerating shift toward postpurchase digital upgrades as a new benchmark of vehicle competitiveness. The latest update allows current Grand Koleos owners to access several features introduced in the 2026 model-year version without visiting a service center. It marks one of the most extensive OTA update cycles applied so far to an internal combustion en
Nov. 21, 2025 -
Export boom lifts KG Mobility to 4th straight quarterly profit
KG Mobility has posted an operating profit for a fourth consecutive quarter, with its aggressive push into overseas markets offsetting a weakening position at home and stabilizing the automaker after years of volatility. According to its latest business report, the SUV maker returned to the black in the third quarter of 2025 with a 1.4 billion won ($1 million) operating profit, up from a 40 billion won loss a year earlier. Its cumulative operating profit for the January–September period reached
Nov. 21, 2025