LG Energy Solution may delay its planned initial public offering (IPO) as a massive number of electric Chevys are recalled due to a possible defect in batteries made by the Korean company.
The free fall in LG Chem shares on Monday might have been an overly panicked reaction to bad news for the company, analysts said.
LG Chem shares nosedived Monday after General Motors announced an additional recall of Chevrolet Bolt EVs that use LG batteries.
A senior Japanese Embassy diplomat in Seoul has been recalled home after causing a stir with remarks disparaging President Moon Jae-in's efforts to improve relations between the two countries, a Japanese paper reported Sunday.
MAN Truck & Bus has chosen to base its Asia-Pacific regional headquarters in Korea as the country has emerged as the biggest market in the region for the German commercial vehicle company.
Hyundai Motor will replace LG batteries in more than 80,000 electric vehicles (EVs) including the Kona Electric, because of fire risks.
Detroit-based General Motors will voluntarily recall about 68,000 Chevrolet Bolt Electric Vehicles (EVs), following reports of the cars catching on fire, the company announced Sunday.
As Hyundai Motor recalls Kona Electrics after a series of fires, the Korean carmaker is taking a major earnings hit due to problems with its Theta 2 gasoline engine.
A Kona Electric caught fire on Oct. 17 while connected to a charger, a day after Hyundai Motor initiated a voluntary recall of the electric vehicle (EV) in Korea, the company's most popular electric model.
BMW vehicles are being recalled after reports of vehicle engines shutting down while traveling and concerns over a fire risk related to batteries.