Articles by Moon Joon-hyun
Moon Joon-hyun
mjh@heraldcorp.com-
LG Energy Solution wins battery quality award in China, beating CATL, BYD
LG Energy Solution has been recognized in China for delivering the most high-quality electric vehicle batteries by the 2024 China Automotive Quality Research Awards, surpassing local manufacturers CATL and BYD in this category. The award ceremony, held in Beijing on Tuesday, was organized by Chinese automotive media platform CheZhiWang and Car Research Consulting Beijing, a Chinese automotive think tank established in 2017. The awards were based on consumer surveys, evaluating 128 vehicle models
Mobility Sept. 27, 2024
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Posco Future M, GM push back timeline for Canadian battery materials plant
Posco Future M and General Motors have pushed back the completion of their cathode material plant in Canada, which is part of their joint venture, Ultium CAM. Originally scheduled to be finished by the end of this month, the plant’s completion has now been delayed to a yet-to-be-determined date. Posco Future M announced the delay on Friday, citing "local conditions" without providing specific details. The plant, located in Becancour, Quebec, is set to produce high-nickel cathode
Mobility Sept. 27, 2024
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SK On offers voluntary retirement amid losses
SK On, the battery manufacturing subsidiary of SK Group, has announced the launch of a voluntary retirement program as part of its efforts to enhance workforce efficiency and to turn a profit by the end of this year. In a statement released Thursday, SK On outlined two key initiatives: a special leave program aimed at fostering employee development and a voluntary departure program for workers considering early retirement. These measures come as the company navigates a slowdown in the EV industr
Companies Sept. 26, 2024
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Egypt offers gateway for Korean businesses in emerging markets: ambassador
Egypt's Ambassador to Korea, Khaled Abdelrahman, highlighted the growing potential for collaboration between Egypt and South Korea, particularly in investment and tourism, during the second session of the Global Business Forum Wednesday. Hosted by The Korea Herald, the forum seeks to facilitate knowledge exchange and build networks among Korean business and academic leaders to address the challenges posed by technological advancements and societal shifts. The GBF commenced its sixth edition
Economy Sept. 26, 2024
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Hyundai Motor showcases hydrogen tech at H2 MEET 2024
The H2 MEET 2024, a major global exhibition on hydrogen technology held in South Korea, kicked off Wednesday at Kintex in Goyang, Gyeonggi Province, to showcase the latest innovations in hydrogen technology, including key contributions from Hyundai Motor Group. This year’s exhibition runs for three days and is the largest in the event’s five-year history, bringing together 317 companies and organizations from 24 countries. “This is a great opportunity to showcase Korean innovat
Industry Sept. 25, 2024
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
Starting in the second half of 2026, the US will ban the sale of connected cars using Chinese-made software, with further restrictions on hardware to begin in 2029, a move that will pressure global automakers, including South Korea’s Hyundai Motor and Kia, to diversify their supply chains. On Monday, the US Department of Commerce’s Bureau of Industry and Security announced a proposed rule that would prohibit the sale and import of connected vehicles containing Chinese or Russian soft
Mobility Sept. 24, 2024
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SK On eyes first profit as it begins US production for Hyundai EVs
SK On will begin mass production of electric vehicle batteries for Hyundai Motor Co. in the US next month, a move expected to help the battery maker turn a profit for the first time after years of losses. The company’s US unit, SK Battery America, will reportedly begin partial production at its Georgia Plant 2, supplying batteries for Hyundai’s new EV production facility, Hyundai Motor Group Metaplant America, also located in Georgia. According to industry sources on Monday, SK On ha
Mobility Sept. 23, 2024
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Nexon to host exhibition match featuring soccer legends in Seoul next month
Nexon, the developer behind popular soccer video games FC Online and FC Mobile, said Monday it will host a real-life exhibition match featuring retired soccer legends, including Didier Drogba, Kaka and Rio Ferdinand, at Seoul World Cup Stadium on Oct. 19 and 20. The Icon Match is a collaboration between Nexon and the Korean soccer YouTube channel Shoot for Love. It will showcase former star players featured in Nexon’s games as part of the Icon Class -- a collection of legendary soccer play
Soccer Sept. 23, 2024
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Hyundai Motor chief visits Czech plant to boost EV offerings in Europe
Hyundai Motor Group's Executive Chairman Chung Euisun visited the company’s Czech manufacturing plant last Thursday to assess Hyundai’s European operations as part of a state trip with South Korean President Yoon Seok Yeol. During the trip, Hyundai Motor Group also signed several memorandums of understanding with Czech companies and universities to collaborate on future mobility initiatives, including hydrogen energy and advanced automotive technologies. This was part of a large
Mobility Sept. 22, 2024
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[KH Explains] Can smart chargers ease tensions over EV fires?
Electric vehicle owners in South Korea’s crowded apartment complexes are beginning to feel like social outcasts. “In my apartment, EV users are sometimes treated like criminals,” said Lee Ho-deok, an EV owner living in a large apartment complex in Seoul’s Mapo district, when describing the tense atmosphere. In a city where over 85 percent of the population lives in multi-unit housing, apartment residents already contend with longstanding issues like noise between floors.
Mobility Sept. 22, 2024
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Hyundai Glovis to gain momentum as global car carrier shortage persists
Hyundai Glovis, South Korea's sole provider of pure car and truck carriers, is expected to increase its global presence as charter rates for automobile-carrying vessels continue to remain high due to a persistent shortage of ships in the global maritime transportation market. According to data from Clarksons Research on Thursday, a UK-based shipping market analysis firm, the average daily charter rate for a 6,500-Car Equivalent Unit (CEU) carrier in the third quarter of this year reached ap
Industry Sept. 19, 2024
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Kia makes breakthrough in China sales
Kia is showing signs of recovery in China, recording more than 20,000 units in monthly sales for three consecutive months from June to August. If this momentum continues, the company is on track to reach or surpass its goal of selling over 200,000 units in China by the end of the year. Kia’s recovery is primarily driven by two factors: the introduction of new, market-specific models and an expansion of its export operations. According to Kia’s Chinese joint venture, Jiangsu Yueda Kia
Mobility Sept. 17, 2024
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Lime green plates deepen slump in Korea’s luxury car sales
Corporate vehicle sales in South Korea continue to plunge this year, particularly among high-end imported models, due in large part to a new government policy aimed at curbing tax abuses. The introduction of lime green license plates for costly corporate-owned cars, effective January 2024, is seen as a primary factor behind the sharp decline. According to data from the Carisyou Data Research Institute, registrations of corporate vehicles priced over 80 million won (approximately $59,600) fell by
Mobility Sept. 16, 2024
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Kia joins forces with Geotab, 42dot to streamline PBV fleet management
Kia has joined forces with Canadian fleet data provider Geotab and Hyundai Motor Group’s software arm 42dot to create an advanced fleet management system for its new line of purpose-built vehicles. This collaboration, formalized in a memorandum of understanding signed Friday at Geotab’s headquarters in Canada, marks an important step in developing solutions for businesses that manage large vehicle fleets. Kia’s PBVs are commercial electric vehicles designed to be customizable.
Mobility Sept. 13, 2024
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HD Hyundai, Hanwha push zero-emissions agenda at Gastech 2024
Shipbuilding rivals HD Hyundai and Hanwha Group are gearing up for Gastech 2024, the world’s largest energy sector exhibition, held from Tuesday to Sept. 20 in Houston. Attracting over 50,000 attendees and more than 800 companies, the event will spotlight the companies' eco-friendly shipbuilding and energy technologies. HD Hyundai will be represented by Vice Chairman Chung Ki-sun, along with a team from sales, R&D and engineering, to meet with business partners and corporate clien
Industry Sept. 12, 2024
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