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Sun, March 7, 2021 | 02:46

Hyundai, LG agree on ratio for Kona EV recall cost

Hyundai, LG agree on ratio for Kona EV recall cost

Hyundai Motor and LG Energy Solution (LGES) have reflected the costs for replacing the battery packs of more than 75,000 Kona electric vehicles (EVs) into their respective earnings for the fourth quarter of last year.

Nam Hyun-woo | 2021-03-04 19:58

Volvo to go all electric by 2030

Volvo to go all electric by 2030

Volvo's entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade. "I am totally convinced there will be no customers who really want to stay with a petrol engine," Volvo Chief Executive Hakan Samuelsson told reporters when asked about f...

2021-03-02 15:37

Conglomerates rushing to appoint female outside directors

Conglomerates rushing to appoint female outside directors

Major conglomerates are scrambling to appoint female board members, before a revised capital market act goes into effect next year requiring large companies to have at least one woman on their boards.

Kim Bo-eun | 2021-03-01 16:53

Will Hyundai, LG go to court over EV battery recall?

Will Hyundai, LG go to court over EV battery recall?

With Hyundai Motor and LG Energy Solution (LGES) deciding to replace battery packs for the former's 82,000 electric vehicles (EVs) including the Kona EV, it appeared that the two companies have not reached an agreement over how they will share the recall expenses estimated at around 1 trillion won ($892 million).

Baek Byung-yeul | 2021-03-01 16:46

Hyundai Motor's new EV IONIQ 5 off to outstanding start

Hyundai Motor's new EV IONIQ 5 off to outstanding start

Hyundai Motor is cruising to its goal of becoming a powerhouse company in electric vehicles (EVs) as its new EV model IONIQ 5 has been received well in both domestic and European markets. The carmaker's European subsidiary said Friday (local time) that it sold 3,000 IONIQ 5 vehicles on the first day of preorders. The subsidiary added European consumers showed a robust respons...

Baek Byung-yeul | 2021-02-28 16:50

IONIQ 5 production hinges on vehicle chip supply

IONIQ 5 production hinges on vehicle chip supply

Hyundai Motor is enjoying brisk preorders for its new EV, the IONIQ 5, but facing production concerns due to the prolonged global chip shortage for cars.

Nam Hyun-woo | 2021-02-26 16:19

Renault EVP visits Korea amid labor dispute

Renault EVP visits Korea amid labor dispute

Renault Group Executive Vice President Jose Vicente de los Mozos visited his company's ailing Korean unit, Renault Samsung Motors, Thursday, in what appeared to be a warning about the company's faltering profitability and protracted labor disputes.

Nam Hyun-woo | 2021-02-25 16:12

Volkswagen bets on T-Roc for compact SUV market

Volkswagen bets on T-Roc for compact SUV market

Volkswagen Korea is betting big on its newest urban compact SUV model, T-Roc, unveiled last month.

Kim Bo-eun | 2021-02-25 15:16

Hyundai Motor hires aerospace expert to oversee technology in air mobility division

Hyundai Motor hires aerospace expert to oversee technology in air mobility division

Hyundai Motor Group has hired a veteran aerospace expert as the chief technology officer (CTO) of its Urban Air Mobility Division, seeking to bolster the business as its next growth engine.

Baek Byung-yeul | 2021-02-25 12:00

Hyundai to replace Kona EV batteries

Hyundai to replace Kona EV batteries

Hyundai Motor will replace the batteries in 82,000 Kona Electrics and other vehicles using the same battery packs that were manufactured at LG Energy Solution's (LGSE) plant in Nanjing, China.

Nam Hyun-woo | 2021-02-24 16:30

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