Automotive
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LGES signs supply deal with Australia's Syrah to receive 2,000 tons of natural graphite
SEOUL -- LG Energy Solution signed a supply deal with Syrah Resources, a resource company based in Australia, to receive 2,000 tons of natural graphite, a key component of lithium-ion batteries, from a plant to be built in Louisiana. The deal will help the South Korean battery maker reduce its reliance on Chinese raw materials regulated by a U.S. inflation reduction act. Under a memorandum of understanding, LG Energy Solution (LGES) will increase the scale of cooperation with Syr
20 October 2022
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Hyundai Rotem to install second hydrogen extractor at special demonstration zone
SEOUL -- Hyundai Rotem, a subsidiary of South Korea's Hyundai auto group, will install its second hydrogen extractor at a fusion charging station that uses biogas to produce and supply high-purity hydrogen after its first extractor showed a stable run with an operating rate of 99 percent in a special demonstration zone in Chungju, some 90 kilometers (56 miles) south of Seoul. In the demonstration zone that opened in March 2022, Hyundai Rotem installed its first hydrogen extracto
18 October 2022
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Hyundai auto group reveals new roadmap to convert all cars to software-defined vehicles by 2025
SEOUL -- South Korea's Hyundai auto group revealed a new roadmap to convert all cars to software-defined vehicles by 2025 that can allow customers to remotely upgrade the performance and functionality of their vehicles anywhere at any time. The group expects 20 million vehicles to be registered to its connected car service worldwide by 2025. Connected vehicles provide personalized services such as software subscriptions. All models, including those already purchased, will be ap
12 October 2022
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SK on makes equity investment in Australia's Lake to receive high-purity lithium for up to 10 years
SEOUL -- SK on, a major battery maker affiliated with South Korea's SK Group, made a strategic equity investment in Lake Resources, a clean lithium developer based in Australia, to acquire a 10 percent stake and receive 230,000 tons of high-purity lithium for up to 10 years, starting in the fourth quarter of 2024. The deal underlines SK on's efforts to diversify a supply chain of raw materials for electric vehicle batteries. SK on said it has signed a conditional framewo
12 October 2022
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Hyundai Mobis' new infotainment platform debuts at trade fair in Germany
SEOUL -- An integrated next-generation infotainment platform, developed jointly by Hyundai Mobis, the parts-making wing of South Korea's Hyundai auto group, and its Swiss partner Luxoft, made its debut at an automotive trade fair in Germany. It is user-friendly by focusing on providing virtual personal assistants and artificial intelligence-based customized content. Hyundai Mobis described its Mobis infotainment system (MIS) introduced at the International Suppliers Fair (IZB)
11 October 2022
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POSCO partners with GS Energy to set up joint venture for waste battery recycling
SEOUL -- South Korea's top steelmaker POSCO partnered with GS Energy, an energy arm of GS Group, to extract rare metals from waste electric vehicle batteries by establishing a joint venture by the end of 2022 with a total injection of about 170 billion won ($121 million). The deal came after POSCO completed the construction of a battery recycling plant in Poland. POSCO Holdings will control 51 percent of the joint venture and the remainder to be held by GS Energy. "We hope
6 October 2022
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KT builds exclusive 5G network for UAM demonstration at test center
SEOUL -- South Korea's top telecom company KT has completed the construction and performance verification of a 5G network exclusively for urban air mobility (UAM), an ecosystem involving flying passenger vehicles in urban areas. UAM Team Korea, a public-private consultative body, aims to commercialize drone taxis in 2025. The Seoul government has worked out a "K-UAM Grand Challenge" program to demonstrate the safety of air taxis and test traffic management functions
5 October 2022
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Stradvision aims to expand business beyond autonomous driving and driving assistance
SEOUL -- Stradvision, an innovator in vision processing technology for autonomous vehicles and advanced driver assistance systems, aims to expand its business beyond autonomous driving and driving assistance to all industries where vision AI can be applied. Vision AI trains computers to replicate the human vision system and enables digital devices to identify and process objects in images and videos. Stradvision's deep learning-based software solution, SVNet an object recognit
4 October 2022
