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Fri, January 22, 2021 | 02:55

Hyundai Motor Group ranks No. 4 in EV sales through July: report

Hyundai Motor Group ranks No. 4 in EV sales through July: report

Hyundai Motor Group emerged to become the world's fourth-largest player in terms of global sales of electric vehicles (EVs) over the first seven months of 2020, data showed Sunday. South Korea's top automotive group saw its combined sales of electric vehicles advance 25 percent on-year to reach 60,707 over the January-July period, according to the data compiled by the Korea A...

2020-10-04 11:52

Hyundai Motor expands hydrogen biz to Middle East

Hyundai Motor expands hydrogen biz to Middle East

Hyundai Motor is expanding its hydrogen business into the Middle East by exporting its Nexo fuel cell electric vehicles and Elec City fuel cell electric buses to Saudi Arabia, the automaker said Monday.

Baek Byung-yeul | 2020-09-28 16:50

[EXCLUSIVE] Tesla looking to acquire stake in LG

[EXCLUSIVE] Tesla looking to acquire stake in LG

Tesla is looking to acquire a stake in LG Energy Solution, soon to be separated by LG Chem, to procure a stable supply of batteries, bank sector sources told The Korea Times, Monday. “Tesla is looking to acquire a stake in LG Energy Solution. Specifically, Tesla is said to be exploring taking up to a 10 percent stake in LG Energy Solution,” one source said on condition of ano...

Kim Yoo-chul | 2020-09-28 16:46

Hyundai Motor hires ex-PSA powertrain expert

Hyundai Motor hires ex-PSA powertrain expert

Hyundai Motor Group said Friday it has hired an ex-PSA powertrain expert as it strives to develop next-generation powertrain and electrification technologies.

2020-09-25 17:45

Hanon Systems certified with water-cooled condenser for EV

Hanon Systems certified with water-cooled condenser for EV

Hanon Systems has received a new technology certificate from the industry ministry for its water-cooled condenser designed to manage the heating and cooling of electric vehicles.

Nam Hyun-woo | 2020-09-25 17:42

GM Korea faces growing uncertainties over labor dispute

GM Korea faces growing uncertainties over labor dispute

GM Korea is again facing growing uncertainties over a labor dispute, as its union and management lock horns over wages and allocating new vehicles for assembly at its plant in Incheon.

Nam Hyun-woo | 2020-09-25 17:16

Renault Samsung to export XM3 to European market

Renault Samsung to export XM3 to European market

Renault Samsung, the Korean unit of Renault Group, will manufacture the XM3 small SUV for the European market here, a crucial deal for the company's sustainability.

Nam Hyun-woo | 2020-09-23 21:10

KDB plans to offer 'financial assistance' to SsangYong

KDB plans to offer 'financial assistance' to SsangYong

The Korea Development Bank (KDB), the major creditor of the ailing Korean automaker SsangYong, plans to offer the company “some financial help,” after U.S.-based automobile distributor HAAH Automotive Holdings clarified its intention to acquire its managerial rights.

Kim Yoo-chul | 2020-09-23 17:16

Hankook Tire expands supply for premium cars

Hankook Tire expands supply for premium cars

Hankook Tire & Technology has been working on improving profitability by focusing on sales of tires for premium vehicles amid a sales disruption due to the COVID-19 pandemic, the leading tiremaker said Wednesday.

Baek Byung-yeul | 2020-09-23 17:08

[Reporter's Notebook] Hanwha's hesitance to cut ties with Nikola could be costly mistake

[Reporter's Notebook] Hanwha's hesitance to cut ties with Nikola could be costly mistake

Is Nikola Corporation a fraud? That is the question many around the globe are asking, even conglomerates such as Hanwha Group which was one of the early major investors in the U.S. truck manufacturer.

Kim Hyun-bin | 2020-09-21 17:12

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