Author: ET News Online News

LG Energy Solution to Accelerate Its Investments in Cylindrical Batteries

LG Energy Solution is looking to accelerate its investments in cylindrical batteries after it has already done so with its pouch-type batteries that are the company’s main type of battery. It has been confirmed that the company plans to increase the cylindrical battery production capacity of its Ochang plant by 25% by the end of… Continue reading LG Energy Solution to Accelerate Its Investments in Cylindrical Batteries

Hyundai Motor Group Selects Sebang Global Battery to Be Part of Its Electric Vehicle Battery Pack Suppliers

The Hyundai Motor Group has decided to expand its list of electric vehicle (EV) battery pack suppliers that currently only includes Hyundai Mobis.Its decision comes from the fact that Hyundai Mobis will not be able to handle every supply of EV battery packs due to an expansion of the EV market and it wants to… Continue reading Hyundai Motor Group Selects Sebang Global Battery to Be Part of Its Electric Vehicle Battery Pack Suppliers

Hyundai Motor Company Decides to Replace Batteries of 77,000 Units of KONA Electric

Hyundai Motor Company has decided to replace batteries of all “KONA Electric” that has caused a great pain on the company due to a string of fires involving the vehicle. The cost alone will be over $907 million (1 trillion KRW). Although it still needs to coordinate with LG Energy Solution on how they are… Continue reading Hyundai Motor Company Decides to Replace Batteries of 77,000 Units of KONA Electric

Hyundai Motor Company to Introduce “Ioniq 5” on February 23

“Ioniq 5”, which is Hyundai Motor Company’s first battery electric vehicle (BEV) equipped with its electric vehicle platform, is set to make its public appearance for the first time on February 25. It will be interesting to see what kind of reactions the Ioniq 5 will get from people around the world as it is… Continue reading Hyundai Motor Company to Introduce “Ioniq 5” on February 23

South Korea’s Vehicle Production Jumps from Seventh to Fifth Place in 2020

South Korea placed in top five in vehicle production last year for the first time since 2016.According to the Korea Automobile Manufacturers Association (KAMA) on Monday, global vehicle production hit 78,289,796 units last year and fell 15.5% compared to 2019. China, the United States, Japan, Germany, South Korea, India, Mexico, Spain, Brazil, and Russia ranked… Continue reading South Korea’s Vehicle Production Jumps from Seventh to Fifth Place in 2020

CEOs of LG Energy Solution, Samsung SDI, and SK Innovation Set to Face Each Other for the First Time at a Board Meeting of the Korea Battery Industry Association

CEOs of LG Energy Solution, Samsung SDI, and SK Innovation, which are the three companies that represent South Korea’s battery industry, are set to gather together at a periodical board meeting held by the Korea Battery Industry Association (KBIA). This will be the first time that they will be meeting together since LG Energy Solution… Continue reading CEOs of LG Energy Solution, Samsung SDI, and SK Innovation Set to Face Each Other for the First Time at a Board Meeting of the Korea Battery Industry Association

Automakers Not Informing Consumers about Their Electric Vehicles’ Ranges under Low Temperature Causing Confusion and Complaints amongst Consumers in South Korea

It is reported that South Korean automakers and foreign automakers have not been properly informing consumers in South Korea about ranges of their electric vehicles under a cold environment. This is because they have not been obligated to notify consumers about it and only meet certain criteria to obtain a certification for their products. As… Continue reading Automakers Not Informing Consumers about Their Electric Vehicles’ Ranges under Low Temperature Causing Confusion and Complaints amongst Consumers in South Korea

SK Innovation, LG, and CATL Fighting to Be the Third-Tier Supplier for Hyundai’s E-GMP

The bidding process to become a third-tier supplier for Hyundai Motor Group’s E-GMP (Electric-Global Modular Platform) has been narrowed down to SK Innovation, LG Energy Solution, and CATL. However, many predict that the amount of supply set aside for the third-tier supplier will be given to a battery cell joint venture that Hyundai Motor Company… Continue reading SK Innovation, LG, and CATL Fighting to Be the Third-Tier Supplier for Hyundai’s E-GMP

Hyundai Motor Company to Release Three New N Models and Build a Full Lineup of Seven N Models

2021 will be the first year when Hyundai Motor Company’s high-performance vehicle strategy that Albert Biermann, who is the head of R&D Division at Hyundai Motor Group, will be popularized. After introducing i30 N, which is the first vehicle released under the N brand, back in 2017, Hyundai Motor Company plans to release three new… Continue reading Hyundai Motor Company to Release Three New N Models and Build a Full Lineup of Seven N Models