Samsung SDI and Stellantis are together investing over $2.5 billion to build an electric vehicle (EV) battery plant in Kokomo, Indiana, the two companies confirmed Wednesday.
Hyundai Motor, Kia and Hyundai Mobis will jointly invest 63 trillion won ($50 billion) through 2025 in Korea in an effort make the country the hub for future mobility.
Samsung SDI is building an electric vehicle (EV) battery factory in Indiana with Stellantis, according to a Reuters report.
Hyundai Motor and Kia are doing well in Europe and the United States despite auto chip shortages and rising raw material costs caused by the Russian-Ukraine war. In the first quarter, Hyundai Motor and Kia together sold 270,000 units in the ...
Hyundai Motor and Kia will invest 21 trillion won ($16.5 billion) through 2030 to expand domestic electric vehicle (EV) production capacity and develop related technologies.
According to the Ministry of Trade, Industry and Energy on Monday, domestic automobile sales fell 11.1 percent in April to 143,167 units compared to a year before, including both locally made cars and imports.
The rise of electric vehicles (EVs) will cut the number of auto part suppliers in Korea by 30 percent by 2030, according to a report released by the Korea Automotive Technology Institute (Katech). EVs generally need 20 to 30 percent fewer parts ...
Hyundai Motor is in talks with Georgia to build a factory in the state, according to a Reuters report.
Hyundai Motor is steadily expanding its presence in Indonesia, targeting the Southeast Asian market largely dominated by a few Japanese automakers.
Samsung SDI reported record revenue for the first quarter thanks to solid demand for mid-to-large batteries for electric vehicles (EVs).