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LG Chem’s net profit drops 54.1 percent on year

LG Chem’s net profit dropped 54.1 percent on year to 718.3 billion won ($547 million) in the second quarter as business was interrupted by the global logistics crisis and lockdowns in China.

2022-07-27

Tesla's king-of-the-road status under threat globally

For more than a decade, Tesla has reigned supreme in electric vehicle (EV) land. That is changing fast as it loses its No. 1 spot.

2022-07-26

LG Energy Solution investing 730 billion won in EV battery production

LG Energy Solution will invest 730 billion won ($568 million) to expand EV battery production capacity at its Ochang plant in North Chungcheong, the company said Monday. This will include building new facilities as well as an expansion of ...

2022-06-13

Samsung Electro-Mechanics in talks with Tesla about cameras

Samsung Electro-Mechanics is in talks with Tesla to supply camera modules, according to the Korean electronics component maker on Thursday.

2022-06-09

LG Energy Solution's net drops by 48 percent in first quarter

LG Energy Solution's net profit fell by 47.7 percent on year in the first quarter as the market for electric vehicle (EV) batteries remained volatile due to supply shortages, inflation and the war in Ukraine.

2022-04-27

Car production affected by virus, war and chip shortages

Carmakers continue to face challenges due to the global chip shortage, the Ukraine-Russia conflict and China's Covid-19 lockdown.

2022-03-30

Price hikes and competition could end Tesla era

Tesla has long been seen as the driving force in the global electric vehicle (EV) industry, with consumers around the world looking to the U.S. brand to lead both innovation and design in the emerging market.

2022-03-23

Tesla range diminishes significantly in cold, regulator says

After a year and a half of investigation, the FTC sent a report to the U.S. electric carmaker recently, notifying the company that it violated advertisement rules by keeping crucial information from consumers.

2022-02-16

Foreign securities held by Koreans hits an all-time high

Korean investors' holdings of foreign securities touched a new all-time high in 2021 on an overseas investment boom, data showed Thursday.

2022-01-20

FTC has problems with Tesla's ways of doing business

The issue involves a 100,000 won ($84) deposit potential customers have to pay when ordering a Tesla EV on the company’s website.

2022-01-04

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