Articles by Byun Hye-jin
Byun Hye-jin
hyejin2@heraldcorp.com-
[KH Explains] How LG Energy Solution’s bold bet paid off with Tesla, Mercedes deals
Cylindrical 4680 batteries, named for their 46-millimeter diameter and 80-millimeter height, are hailed as a pivotal advanced battery technology in electric vehicles due to enhanced energy storage capacity and power output. Tesla, a trailblazer in the EV industry, gained acclaim with its affordable electric vehicles powered by these cost-effective small batteries, comparable in size to the AA batteries used in handheld devices. To produce bigger cylindrical cells that allow higher productivity
Mobility Oct. 29, 2024
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Why Kia’s first pickup isn't debuting in US
Kia’s first-ever pickup, the Tasman, is unlikely to debut in the US, the world’s largest pickup truck market, largely due to lower profitability amid protectionist policies there. “We do not have plans to sell the Tasman pickups in the US because of the hefty tariffs imposed on Korea-made pickups under the free trade agreement between the two nations,” a Kia official told The Korea Herald at the Tasman’s media unveiling event in Seoul on Monday. The official also
Mobility Oct. 29, 2024
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Kia logs record-high operating profit for 3Q
Hyundai Motor Group’s smaller affiliate Kia said Friday that it has posted 2.9 trillion won ($2.1 billion) in operating profit, marking the highest ever for a third quarter, despite mounting challenges in the automotive industry. The carmaker’s profit increased 0.6 percent from the same period last year, while its sales revenue surged 3.8 percent to 26.5 trillion won. The sales volume decreased 1.9 percent to 763,639 units, due to a temporary production hiatus from its two car manufa
Mobility Oct. 25, 2024
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SK Innovation replaces heads of key subsidiaries
SK Innovation said Thursday that three of its key subsidiaries -- SK Energy, SK Geocentric and SK IE Technology -- have appointed new company heads with technological expertise to tackle business uncertainties and strengthen core competitiveness. The announcement comes eight days before the mega-merger of SK Innovation and SK E&S, two major energy affiliates of SK Group, which will create Korea’s largest energy giant with combined assets of 100 trillion won ($723.6 billion). The newly
Industry Oct. 24, 2024
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Samsung SDI showcases next-gen battery lineup at mobility show
Samsung SDI said Wednesday it has showcased its battery lineup, ranging from the prismatic battery P6 to the next-generation all-solid-state battery, at the Daegu International Future Auto & Mobility Expo. The company’s all-solid-state battery for electric vehicles boasts an energy density of 900 watt-hours per liter with a cathode-free structure. It is known to be theoretically safer than conventional lithium-ion batteries that use flammable liquid electrolytes. It sent samples to cli
Mobility Oct. 23, 2024
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[Hello India] Hyundai Motor makes landmark stock debut in India
Hyundai Motor India made a monumental debut on the Indian stock market, marking the largest initial public offering in India’s history and the first overseas subsidiary of a Korean company to go public in global markets. Hyundai Motor Group Executive Chair Chung Euisun and key executives, including Chang Jae-hoon, president and CEO of Hyundai Motor Company; Kim Un-soo, vice president of Hyundai Motor India; Tarun Garg, chief operating officer at Hyundai Motor India; and some 250 people fro
Mobility Oct. 22, 2024
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Hyundai Motor chief vows full-support for India’s mobility innovation
Expanding its footing in India, the world’s third-largest automotive market, Hyundai Motor Group Executive Chair Chung Euisun met with Prime Minister Narendra Modi on Monday to explore ways to enhance cooperation and advance the country’s mobility industry. After expressing gratitude for the Indian government’s continuous support to Hyundai Motor, Chung said during the meeting held at the PM’s office in Delhi, India, “Hyundai Motor Group has operated a successful bu
Mobility Oct. 22, 2024
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[From the Scene] Hyundai Motor offers sneak peek at software-driven manufacturing
UIWANG, Gyeonggi Province – Hyundai Motor Group on Monday unveiled its 200 key automotive solutions powered by artificial intelligence, big data and robotics, aimed at transforming the carmaker’s auto manufacturing plants from hardware-centered facilities to software-driven smart factories. “Like software-defined vehicles, which add functions and services through software updates, (auto) manufacturing bases can turn into agile and intelligent smart factories with data-based ope
Mobility Oct. 21, 2024
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Hyundai Motor to make EV in India
Hyundai Motor Group said Sunday it is set to launch its first electric vehicle in India, the electrified version of its popular sport utility vehicle Creta, in January next year, solidifying its top-tier position in the fast-growing automotive market. The Creta EV will be produced at the carmaker’s manufacturing plant in Chennai, southern India, which started operations in 1998. The company has recently pushed sales of SUVs, with the face-lifted three-row Alcazar SUV hitting the market in
Mobility Oct. 20, 2024
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Kia to start EV production in Slovakia by year-end
Hyundai Motor Group’s smaller affiliate Kia is poised to start electric vehicle production in Europe by the end of this year at its Slovakian manufacturing plant, according to Marc Hedrich, president and CEO of Kia Europe. “(I had a) very good meeting today with Slovakian Economy Minister (Madame) Denisa Sakova and State Secretary Vladimir Simonak,” stated Hedrich in a LinkedIn post on Wednesday. “I had the opportunity to discuss challenges the automotive industry is faci
Mobility Oct. 17, 2024
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Hyundai Mobis to build 1st EV power system plant in Slovakia
Hyundai Mobis, an auto parts manufacturer under Hyundai Motor Group, said Thursday that it signed an agreement with the Slovakian government to set up its first manufacturing plant for electric vehicle power systems in Europe. With a 350 billion won ($256.7 million) investment, Hyundai Mobis will construct a plant in the Novaky region of western Slovakia to produce EV drive units consisting of an electric motor, inverter and reducer. Once completed next year, the facility will have the capacity
Mobility Oct. 16, 2024
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LS Electric forays into Vietnam’s smart factory solutions market
LS Electric forged a partnership with Becamex, an industrial development firm in Vietnam, in a bid to enter the booming smart factory solutions market. The companies signed a memorandum of understanding on Monday, outlining ways to advance smart factory businesses in Vietnam’s manufacturing sector to contribute to creating a sustainable industrial ecosystem. LS Electric Chairman Koo Ja-kyun and Becamex Chairman Nguyen Van Hung and other executives attended the signing ceremony held at the
Industry Oct. 15, 2024
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Korea urged to enhance readiness for self-driving safety rules
South Korea should join the global movement to set safer international standards for autonomous driving systems, according to a report released by the state-run Korea Automotive Technology Institute on Monday. Cho Min-wook, senior researcher and author of the report, stated that the International Organization for Standardization and the auto industry are looking to adopt a more comprehensive approach that encompasses safety and security for Level 3 and more advanced self-driving systems. ISO is
Mobility Oct. 14, 2024
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Aston Martin seeks bigger footing in Korean luxury car market
INCHEON -- Aston Martin, the ultraluxury British sports car brand known for its affinity with the James Bond franchise, plans to expand its presence in South Korea's booming high-end car market with a more proactive approach to marketing. “This year marks the 111th anniversary of Aston Martin, but we are also celebrating another important milestone -- 10 years since our entry into Korea,” said Marco Mattiacci, chief brand officer and commercial officer of Aston Martin, during a
Mobility Oct. 11, 2024
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HD Hyundai unveils world’s 1st high-pressure ammonia engine
HD Hyundai Heavy Industries, the world’s largest shipbuilder affiliated with HD Hyundai, said Thursday that it has developed the world’s first ammonia dual-fuel engine using a high-pressure direct injection system. The company recently passed the “type approval test” for its HiMSEN ammonia dual-fuel engine, which evaluates whether critical apparatuses installed on vessels meet mandatory requirements. The test was conducted at its Ulsan engine center and was attended by ke
Industry Oct. 10, 2024
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