Automotive
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Hyundai Glovis acquires U.S. vehicle auction dealer GEAA to expand global business
SEOUL -- Hyundai Glovis, the logistics wing of South Korea's Hyundai auto group, acquired Greater Erie Auto Auction (GEAA), a U.S. dealer in vehicle auction, to turn it into an online-oriented auction house by gradually introducing digital technologies such as a multi-channel network auction system and augmented reality. GEAA would be Hyundai Glovis' wholly-owned subsidiary, but financial terms were not disclosed. Utilizing its geographical advantages, ease of use, and ch
4 October 2022
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SK ecoplant ties up with China's CNGR to tap Europe's waste battery recycling market
SEOUL -- SK ecoplant, an environmental and energy solution provider affiliated with South Korea's SK Group, tied up with CNGR Advanced Material, a Chinese producer of lithium battery cathode material precursors, to tap Europe's waste battery recycling market. Under a collaboration agreement, SK ecoplant and CNGR would join forces to recycle waste batteries and revitalize the supply of raw battery materials such as nickel and cobalt, establish a European base, and seek new
29 September 2022
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Youl Chon clinches $1.04 billion windfall contract to supply key material to LGES-GM joint venture
SEOUL -- Youl Chon, a medium-sized company in South Korea, has clinched a six-year windfall contract worth $1.04 billion to supply a key material for lithium-ion batteries to a joint venture between General Motors and its Korean partner, LG Energy Solution. It marked the first case of aluminum pouch film mass production in South Korea. Pouch film production has been dominated by Japanese companies. Youl Chon said in a regulatory filing on September 28 that it would ship aluminum pou
28 September 2022
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Self-driving mini-bus appears in downtown Seoul for pilot shuttle service
SEOUL -- A self-driving mini-bus developed by 42dot, a software startup acquired by South Korea's Hyundai auto group, appeared in the streets of downtown Seoul for a pilot shuttle service as part of the capital city's project to introduce commercial autonomous shuttle services for public transportation by 2026. The eight-seater will be tested for three weeks on a 4.8-kilometer round-trip route on roads along the Cheonggyecheon stream running through downtown Seoul that has b
26 September 2022
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SK Group head Chey strives to secure Zambian copper for battery foil
SEOUL -- In an effort to secure a stable supply of raw materials for electric vehicle batteries, SK Group Chairman Chey Tae-won has strived to establish a cooperation model with Zambia, a copper mining powerhouse in Africa. Copper is used for battery foils that work as the bridge between external components and internal lithium-ion transports. At talks with Zambian President Hakainde Hichilema in New York on September 20 (local time), Chey proposed cooperation in the fields of e
23 September 2022
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PAV capable of setting down on land and water makes short test flight in Jeju
SEOUL -- A one-seat personal air vehicle capable of setting down on land and water made a short unmanned test flight on South Korea's southern resort island of Jeju in a demonstration event that revealed a long-term strategy to turn the island with good airport facilities and infrastructure into a test bed for urban air mobility. A personal air vehicle (PAV) developed by Kencoa Aerospace, a domestic supplier of materials used in space and aircraft, was mobilized for an unmanned
22 September 2022
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LGES develops cell-to-pack (CTP) technology to high-nickel pouch type batteries
SEOUL -- In an apparent bid to win a battery war with Chinese rivals, LG Energy Solution, the battery-making wing of South Korea's LG Group, disclosed a new battery-making process by applying cell to pack technology to high-nickel pouch-type batteries for the first time in the industry. Nickel-rich batteries can save costs and extend the driving range. Cells are installed in form of modules and packs. A cluster of cells makes up a module and a cluster of modules make up a pack.
20 September 2022
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Hyundai Motor joins hands with online streaming platform to strengthen OTT service for connected cars
SEOUL -- In response to consumer demands for diversified experience and entertainment content inside cars, South Korea's Hyundai auto group joined hands with Wavve, a domestic online streaming platform, to strengthen its over-the-top video (OTT) service for connected cars that provide vehicle occupants with an optimized driving experience by linking a large amount of data that occurs while the vehicle is driving. Infotainment is a type of media, usually television or online, tha
19 September 2022
