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Monday 5 June 2023
Hyundai invests in 42dot to establish global software center
Hyundai Motor took another step forward to transform its vehicles. The automaker injected KRW346.2 billion (US$265.1 million) into the majority-owned self-driving startup, 42dot,...
Monday 5 June 2023
Hyundai commences first overseas fuel cell production base in China
Hyundai Motor bets on the China market to scale up its fuel cell business. The automaker began operating its first fuel cell plant in Guangzhou, China, on June 1. The production base...
Thursday 1 June 2023
SDC to supply main OLED display system for Hyundai flagship cars
Samsung Display (SDC) will, for the first time ever, supply main automotive displays to Hyundai Motor, which is expected to further deepen the future vehicle alliance between Samsung...
Monday 29 May 2023
Joint battery plant will benefit Hyundai, LGES in the US
Hyundai Motor and LG Energy Solution have embarked on a joint effort to scale up in the US. The pair announced on May 26 that they will build an EV battery cell plant together in...
Friday 12 May 2023
Hyundai to invest US$2.45 billion to ramp up EV and battery manufacturing
Hyundai Motor signed an MoU with India's Tamil Nadu government to ramp up vehicle production and will set up battery manufacturing facilities as well as infrastructure to capitalize...
Wednesday 26 April 2023
Hyundai reports 92.4% net profit increase in 1Q23
Strong sales worldwide in the first quarter of 2023 helped Hyundai Motor's profits. The carmaker released the financial results on April 25, with net profit growing 92.4% year-over...
Wednesday 26 April 2023
Top-3 Korean battery makers keen on domestic capacity expansions
South Korea's top-3 battery makers SK On, LG Energy Solution (LGES), and Samsung SDI are all on track to build additional domestic production capacities, in order to reduce the country's...
Tuesday 25 April 2023
Hyundai Motor, SK On plan $5 billion EV battery plant in US
Hyundai Motor Group and SK On Co. will spend as much as $5 billion in North America for the production of electric car batteries as President Biden's green bill encourages companies...
Wednesday 12 April 2023
Hyundai eyes spot among world's top 3 EV makers with US$18 billion investment by 2030
Hyundai Motor Group unveiled a plan to scale up its EV presence significantly. The South Korean company plans to invest KRW24 trillion (US$18 billion) by 2030 to grow production and...
Tuesday 28 March 2023
Automotive overtakes semiconductors to become top South Korean export product for first time in six years
Although South Korea's overall export value has gone down for five consecutive months, the automotive sector once again broke export records in February 2023 and overtook semiconductors...
Tuesday 14 March 2023
Hyundai likely to buy GM factory in Maharashtra, India
Hyundai Motor Group announced on March 13 that it has signed a term sheet for the potential acquisition of Genral Motors (GM)'s plant in Maharashtra, India. The South Korean carmaker...
Tuesday 7 March 2023
Indonesian government unveils EV subsidy program targeting global automakers
Indonesia took a step forward to boost its EV market on March 6. The government announced a subsidy program for electric scooters, vehicles and buses. Officials said the country is...
Tuesday 7 February 2023
IDMs keen to launch SiC power chips and modules for EVs
As SIC power chips are increasingly applied to EV inverters, many IDMs are not only expanding production capacity but also keenly launching products and solutions to meet robust market...
Thursday 2 February 2023
Hyundai projects 9% sales growth this year despite US enacting IRA
Hyundai Motor Group (HMG) announced its total annual sales throughout 2022 grew slightly by 1.4% on-year to 3.94 million units; global annual revenue reached KRW142.5 trillion (US$120...
Monday 30 January 2023
Onsemi, Volkswagen team up for EV inverters
Onsemi has signed a strategic agreement with German automaker Volkswagen (VW) to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter...
Vortex
Samsung expands mobile phone production beyond Asian countries, says DIGITIMES Research
SLMs to increase presence in GenAI business opportunities, says DIGITIMES Research
Generative AI market to reach US$1.5 trillion by 2030 with Taiwan holds hardware advantage; software and services to see promising future, says DIGITIMES Research