Korea

Several South Korean media sources reported that Hankook Tire & Technology Co., Ltd. agreed to acquire Hanon Systems Co., Ltd. Hankook Tire will purchase a 25% stake in Hanon Systems from its largest shareholder, Hahn & Company. It will also buy 12.2% of new shares, which is to be issued for a paid-in capital increase, for KRW 1.73 trillion.

As a result, Hankook Tire and Hahn & Company will have a 50.5% stake and a 22.7% stake in Hanon Systems, respectively. The South Korean tire manufacturer plans to acquire the shares by the end of December 2024 officially. (From some releases on May 3, 2024)

On May 7, Kia Corporation unveiled the first teaser images of its upcoming EV3, a new compact EV SUV. The global debut of the EV3 is scheduled for May 23, 2024, with sales starting later in 2024.

The teaser images highlight the bold, geometric, and robust aspects of the EV3’s exterior design. The vehicle features boxy rear fenders, a tailgate, and the EV3's signature Star Map lighting, giving the vehicle a robust and futuristic identity. The EV3’s design stems from the same design principles of Opposites United used in Kia's flagship EV9 SUV.

The EV3 is a fully equipped electric SUV, offering exceptional performance by incorporating innovative technologies. The vehicle will extend Kia's EV lineup, offering the premium experience of flagship models to the compact SUV segment. It will also accelerate the global EV transition towards electric mobility.

Based on Kia press release

On May 6, HoneyNaps, a company specializing in AI-powered sleep data analysis and diagnosis, announced that it has recently presented its sleep analysis technology entitled "Healthy Sleep in Cars" to a major German car manufacturer.

HoneyNaps' technological prowess and credibility were bolstered last August with FDA approval for their AI-powered sleep disease analysis algorithm 'SOMNUM'. The recent meeting with the German car manufacturer served as a preliminary technical discussion to introduce their AI algorithm to the development of automotive healthcare solutions. These solutions are envisioned to focus on advanced sensing and analysis of both the drivers' and passengers' conditions.

Based on HoneyNaps press release