Hyundai Motor Company Unveils the Fourth-Generation Tucson

Hyundai Motor Company has launched its fourth-generation Tucson compact SUV, which is the top compact SUV seller in South Korea, equipped with new technologies and innovative design.Hyundai Motor Company held the digital world premiere of “the all-new Tucson” on Tuesday in local time.The all-new Tucson is the fourth-generation model with its third-generation model launched back… Continue reading Hyundai Motor Company Unveils the Fourth-Generation Tucson

Hyundai Motor Company and Kia Motors Preparing to Release PHEV Models of Santa Fe and Sorento in the European Market First

Hyundai Motor Company and Kia Motors are going to release PHEV models of their most popular SUVs “Santa Fe and Sorento” respectively in the European market first in order to actively deal with European regulations on exhaust gas that are going to be stricter starting from next year. The models’ release dates in South Korea… Continue reading Hyundai Motor Company and Kia Motors Preparing to Release PHEV Models of Santa Fe and Sorento in the European Market First

Hyundai Mobis to Build Its Third Electric Vehicle Parts Plant in Pyeongtaek

Hyundai Mobis is preparing to build its third electric vehicle (EV) parts plant in Pyeongtaek after it built its first and second plants in Chungju and Ulsan respectively.It is going to invest $28.3 million (33.5 billion KRW) and begin the construction in September. It plans to mass-produce 150,000 PE (Power Electronics) modules that combine motor,… Continue reading Hyundai Mobis to Build Its Third Electric Vehicle Parts Plant in Pyeongtaek

South Korean Government Planning to Provide Financial Support for Development of Next-Generation “K-Batteries”

The South Korean Government is looking to support South Korean companies with developing next-generation “K-batteries”. It will especially look to push forward development of LG Chem’s “lithium-sulfur battery” and Samsung SDI’s “all-solid-state battery” that are crucial for South Korean battery manufacturers to preoccupy the future electric vehicle market. These next-generation batteries will be used in… Continue reading South Korean Government Planning to Provide Financial Support for Development of Next-Generation “K-Batteries”

Hyundai Motor Company’s IONIQ 5 Based on Its Own Electric Vehicle Platform to Be Released in April Next Year

Hyundai Motor Group’s “IONIQ 5” and “Imagine” that will be based on its first electric vehicle platform will be released in April and August of 2021 respectively.Although the sizes of the two models will be similar to that of “Santa Fe”, their interior space is much bigger and is similar to that of Hyundai’s three-row… Continue reading Hyundai Motor Company’s IONIQ 5 Based on Its Own Electric Vehicle Platform to Be Released in April Next Year

SK Innovation Commercializes World’s First NCM Electric Vehicle Battery with 90% Nickel Content

SK Innovation has commercialized the world’s first NCM (Nickel, Cobalt, Manganese) battery that has 90% nickel content. The company will supply its “9½½ battery” to Ford in 2023 for its “F-150” electric pickup truck. It is expected that SK Innovation will gradually gain more orders as Ford is looking to manufacture more electric vehicles after… Continue reading SK Innovation Commercializes World’s First NCM Electric Vehicle Battery with 90% Nickel Content

GM and LG Chem Looking to Apply NCMA Battery on GM’s New Electric Vehicles in 2021

It is expected that NCMA (Nickel, Cobalt, Manganese, Aluminum) battery, which is considered as a next-generation electric vehicle battery, may be commercialized faster than initial expectations as GM and LG Chem are looking to equip GM’s electric vehicles with NCMA batteries.According to the industry on Tuesday, GM is looking to equip two electric vehicles that… Continue reading GM and LG Chem Looking to Apply NCMA Battery on GM’s New Electric Vehicles in 2021

Multinational Automotive Manufacturers Begin Working on Developing Their Own Electric Vehicle Batteries

Multinational electric vehicle and automotive manufacturers are looking to secure an initiative in developing their own batteries after securing stable supplies of batteries by either purchasing batteries or collaborating with battery manufacturers. Tesla, BMW, and Volkswagen have begun developing their own battery cells while GM is looking to secure an initiative in battery development even… Continue reading Multinational Automotive Manufacturers Begin Working on Developing Their Own Electric Vehicle Batteries

Hi Group Develops Vanadium Redox Flow Battery

A South Korean small and medium-sized company developed vanadium redox flow battery that does not have any fire risk and can be used for a long period of time and built a testing center to commercialize the battery. This development and commercialization are expected to vitalize South Korea’s energy storage system (ESS) industry that has… Continue reading Hi Group Develops Vanadium Redox Flow Battery

Hyundai Motor Group will Release Nine New Vehicles in the Second Half to Help Recover Its Sales

Hyundai Motor Group is planning to release nine new vehicles including seven new SUVs in the second half. It plans to release them without any setback despite the COVID-19 pandemic and look to rebound in the second half.According to the industry on June 29th, Hyundai Motor Company, Kia Motors, and Genesis are preparing to release… Continue reading Hyundai Motor Group will Release Nine New Vehicles in the Second Half to Help Recover Its Sales