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More than 25,000 unionized truck drivers in South Korea remain on strike over an increase to minimum wages.
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Hyundai Motor Group has teamed up with LG Energy Solution to build an electric vehicle (EV) battery cell manufacturing joint venture (JV) with US$1.1bn investment in Indonesia. LG Energy, The Hyundai battery partnership will boost Indonesia strategic presence in EV market.
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The joint venture will see Renault-branded hybrid vehicles being sold in China, but manufactured using Geely’s facilities, supply chains, and technologies. Geely’s most significant brands, joint ventures and OEM relationships include Volvo Cars, Polestar, Proton, Lotus, LEVC, Daimler, Smart, Volvo Trucks and now Renault.
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The joint venture will see Renault-branded hybrid vehicles being sold in China, but manufactured using Geely’s facilities, supply chains, and technologies. Geely’s most significant brands, joint ventures and OEM relationships include Volvo Cars, Polestar, Proton, Lotus, LEVC, Daimler, Smart, Volvo Trucks and now Renault.
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Hyundai's Deal Car will provide the rental firms with digital services for booking and carsharing, brand management, and creative marketing.
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The South Korean government wants Hyundai to develop fully autonomous vehicles for fleet customers in 2024 and for the general public by 2027.
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Revised U.S. trade deal with South Korea doubles U.S. export potential, while South Korea’s government plans to boost EV production and bail out the ailing auto parts market with subsidies.
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Chevrolet has introduced the 2019 Chevrolet Malibu to the South Korea market, which includes a 1.3L, three-cylinder turbocharged engine.
Read More →Under this latest supply agreement with Hyundai, Wabco will furnish the manufacturer with a broad portfolio of its advanced technologies to support series production of Hyundai’s new medium-duty trucks in South Korea.
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Hyundai Motor Co. has called its former top North American executive Kyung Soo "Kenny" Lee back to South Korea, where he will serve as an adviser to the company, Automotive News is reporting.
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