Hyundai Motor Company achieved record-breaking sales and profit for the first quarter amid deepening concerns over the 25 percent tariffs on automobiles and car parts imposed by US President Donald Trump. According to the carmaker’s earnings report on Thursday, its sales revenue increased 9.2 percent to 44.4 trillion won ($31 billion), while its operating profit climbed 2.1 percent to 3.6 trillion won from January to March compared to last year. Its operating profit margin hit 8.2 percent. Hyund

Samsung SDI said Thursday it was selected as a top global partner by Jaguar Land Rover, a UK-based luxury vehicle brand. The ceremony for the JLR Quality Award was held at the battery manufacturer’s plant in Tianjin, China. The Chinese facility is where Samsung SDI produces its 21700 cylindrical battery cells -- 21 millimeters in diameter and 70 millimeters in height –- which it supplies to Jaguar Land Rover for premium models such as the Range Rover and Range Rover Sport through a strategic par

Kia debuted the EV4, its first full-electric sedan, aiming to shake up the automotive market dominated by sport utility vehicles. This sleek, extended vehicle, the company’s fourth EV model following the EV6, EV9 and EV3, combines comfort with dynamic performance, well-equipped for city driving as well as leisure activities. “The sales volume of SUVs takes up approximately 60-70 percent in Korea. However, we thought there should be a battery-powered sedan to address specific market demands,” sai

South Korean battery manufacturers are set to benefit from the 145 percent tariff imposed by the second Donald Trump administration in the US on Chinese-made goods, including lithium-ion batteries for energy storage systems. This significant tariff hike aims to curb the competitive edge of Chinese batteries, which previously capitalized on lower levies than electric vehicle cells. On April 10, the White House said that the 125 percent tariffs on Chinese imports would rise from 34 percent to 125

Hyundai Motor Group and Posco Group, longtime industry rivals, have joined forces in a strategic alliance abroad, specifically in the US, a key market pressured by steep 25 percent tariffs on steel and automobiles. Hyundai Motor said Monday that it aims to create synergy with the steelmaker by securing a supply chain for key raw materials for electric vehicle batteries. Meanwhile, Posco seeks to create a foothold in the North American market, where the auto giant plans to set up a new auto steel

Hyundai Motor Company's Casper Electric and Kia's EV3 on Thursday won World EV of the Year and World Car of the Year, respectively, at the 2025 World Car Awards, marking four consecutive years of recognition for the brands’ EV fleet. With this achievement, Hyundai Motor Group has won the top honor, World Car of the Year, five times over the past six years, starting with the Kia Telluride SUV in 2020. The automaker’s electric vehicles then went on to claim the title for four years straight with t

GM Korea on Wednesday unveiled the all-new Cadillac Escalade, the latest model from the US carmaker, amid persistent rumors of its possible withdrawal from the Korean market, which has been hit hard by US tariffs. “We do not intend to respond to rumors about the company’s exit from Korea,” said Gustavo Colossi, vice president of the sales, service and marketing division at GM Korea, during a press conference held in Gwangmyeong, Gyeonggi Province. “We plan to move forward with our sales strategi

Hyundai Motor Group said Tuesday that it has appointed Drew Ferguson, a former four-term Republican congressman from Georgia, as the head of its Washington office, as part of a strategic move to navigate looming hefty automotive tariffs in the US. Effective May 1, Ferguson will assume the role of senior vice president of government affairs at Hyundai Motor Group, where he will represent the auto giant’s interests and actively engage with the US government and Congress. The group previously did n

Hyundai Mobis, the auto parts manufacturing arm of Hyundai Motor Group, said Monday it developed advanced technology that effectively prevents electric vehicle battery fires, the first of its kind to be incorporated into mass-produced vehicles. Hyundai Mobis said the new battery system will significantly reduce the fear of EV fires. Although the specifics, including the timeline for implementing the technology in Hyundai Motor Company and Kia vehicles, remain undisclosed. The new fire-suppressin

Hyundai Motor Company and Kia achieved record-breaking quarterly sales in the January-March period in India, the world’s third-largest automotive market after China and the US. According to data from the Society of Indian Automobile Manufacturers, Hyundai Motor and Kia respectively sold 153,550 and 75,576 vehicles in the first three months of 2025, reaching a combined total of 229,126. This marks a 1.5 percent increase over last year’s 225,686 vehicles sold. Notably, Kia set an all-time high rec

SK IE Technology Co., a lithium-ion battery separator producer under SK Innovation, said Thursday it has secured an agreement to supply battery separators sufficient to power 300,000 electric vehicles in North America. While the details, such as the size of the deal and the client’s name, remain undisclosed, SKIET noted that the supply is expected to be produced at either its Jeungpyeong facility in North Chungcheong Province or its plant in Dabrowa Gornicza, Poland. Separators are critical mate

German carmaker eyes Korean rebound with 16 new vehicle launches this year Audi, once renowned alongside BMW and Mercedes-Benz as a member of the “German Big Three” in South Korea, faced a 47.9 percent decline in sales, dropping to 9,304 vehicles and ranking seventh in 2024. Starting with the all-new Audi Q6 e-tron -- a premium midsized all-electric SUV that combines comfort and sportiness ideal for a family car -- Audi Korea is set to launch 16 models this year, seeking a turnaround in the Kore

HD Hyundai Executive Vice Chairman Chung Ki-sun (center) on Tuesday looks around the exhibition booth of the shipbuilding giant's construction machinery division at the 2025 Seoul Mobility Show, held this week at Kintex in Goyang, Gyeonggi Province. HD Hyundai made its motor show debut to showcase construction machinery, including its new automated excavator. During his visit, Chung emphasized the shipbuilder’s strategic expansion into land infrastructure as part of its commitment to fostering a

Mercedes-Benz Korea CEO Mathias Vaitl, who also serves as chair of the company’s CSR Committee, cheers on marathon participants at the starting line of the 12th “Give N Race” held Sunday in Busan. This year’s event drew over 20,000 participants, raising approximately 1 billion won ($684,000) in donations — marking the second consecutive year the charity has reached this milestone. This year’s contributions will support child abuse prevention initiatives. (Mercedes-Benz Korea)

Hyundai Mobis, Hyundai Motor Group’s car parts subsidiary, said Monday it opened a large-scale R&D center for automotive software in India as a strategic expansion to the burgeoning mobility market. This facility, newly built in Hyderabad, Telangana, known as India’s Silicon Valley, integrates the company’s two existing research centers in the country, originally established in 2007 and 2020, to maximize synergies to venture into the automotive software industry. According to the company, the In