South Korea and the United States vowed to enhance their alliance in space programs. But the space alliance will likely be limited to rhetoric.
Electric vehicle charging rates, and the prices of the cars themselves, are rising, tapping the brakes on the Yoon Suk-yeol administration's plan for eco-friendly vehicles.
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 Group announced $5 billion investment in the United States through 2025 for innovative mobility technologies, a day after announcing a similarly sized investment to build an electric vehicle (EV) plant in Georgia.
Hyundai Motor is steadily expanding its presence in Indonesia, targeting the Southeast Asian market largely dominated by a few Japanese automakers.
Sales of imported vehicles in Korea fell 8.7 percent in March as chip shortages continued to affect vehicle production, an industry association said Tuesday.
When looking for a vehicle that is safe, Volvo is the No. 1 choice for many. But when it comes to design, they tend to be lower on people's wish list. But Volvo is trying to change that perception with its first totally EV, the C40 Recharge.
Lotte Chemical is investing 602 billion won ($502 million) in its ecofriendly and advanced materials business including building a factory for ethylene carbonate and dimethyl carbonate, key ingredients in the electric vehicle (EV) industry.
Hyundai Motor's net tripled last year despite a global shortage of auto chips and electric motor components.
Hyundai Motor and its affiliate Kia said Wednesday their combined sales in the United States spiked 19 percent in 2021 from a year earlier despite the prolonged pandemic and chip shortages.