On July 29, Vueron Technology signed an MOU with Smart Radar System, a leading developer of 4D imaging radar, to create a sensor fusion solution that blends LiDAR’s precision with radar’s environmental robustness.
Vueron is a leading LiDAR perception software provider. Smart Radar System Inc. is a technology company

On August 4, SNE Research announced monthly power battery data for global electric vehicles (BEV, PHEV, HEV) sold in June 2025.    
For January to June, the global battery installation increased 37.3% to 504.4 GWh. By national origin among top 10 suppliers, Chinese manufacturers accounted for 68.9% of sales, followed

Five Korean automakers announced domestic new vehicle sales in July. New vehicle sales in South Korea increased by 0.9% compared to the same month in the previous year to 110,926 units. Despite continued uncertainty over potential U.S. auto tariffs, both domestic and international sales remained solid.
By company, Hy

LG Energy Solution Ltd. (LG Energy Solution) announced that it has received an order for lithium-iron-phosphate (LFP) ion batteries. The name of the purchaser is unpublicized. The contract is valid from August 2027 to July 2030, and the sales under the deal are expected to reach KRW 5.94 trillion (JPY 653.8 billion).

Several South Korean media sources reported that Kumho Tire Co., Ltd. (Kumho Tire) announced that it will resume tire production at the Gwangju Plant in South Korea. The Gwangju Plant stopped its operation because of a fire in May 2025, but the company aims to produce 6,000 tires per day at the plant by the end of 20

Hankook Tire & Technology Co., Ltd. (Hankook Tire) announced that it will supply the iON evo SUV tire to Xiaomi Automobile Co., Ltd, an affiliated company of Xiaomi Corporation, for its new electric SUV, the Xiaomi YU7. The tires come in two specifications: 19 and 20 inches. The iON evo SUV is designed exclusively fo

South Korea’s cathode material manufacturer, L&F Co., Ltd., signed a business partnership agreement with Korea Research Institute of Chemical Technology (KRICT), an affiliate of the National Research Council of Science and Technology, regarding the development of next-generation cathode materials. Based on the agreem

On July 31, U.S. President Trump announced that “the U.S. has agreed to a Full and Complete Trade Deal with the Republic of Korea”, including a tariff of 15% on Korean goods entering the U.S., and no tariff for U.S. goods entering their country.
Also, ”South Korea will give to the United States USD 350 Billion Dollar

Hyundai Motor Company announced its business results for results for the second quarter of 2025(April–June) on July 24. Revenue rose 7.3 percent year-on-year to KRW 48.29 trillion, marking its highest-ever quarterly revenue. This growth was driven by solid sales in North America and Korea market, strong global demand

On July 30, LG Energy Solution signed a USD 4.3 billion deal to supply Tesla with energy storage system batteries, according to a person familiar with the matter, supplying lithium iron phosphate (LFP) batteries from its U.S. battery cell plant in Holland, Michigan.
LG Energy Solution announced earlier that it had si

On July 29, LG Innotek announced the signing of a partnership with Aeva, an U.S. company specializing in LiDAR technology, outlining the strategic supply and joint development of next-generation LiDAR technology.
Under the agreement, the two companies will jointly develop by the end of 2027, FMCW LiDAR for autonomous

Hyundai WIA Corporation announced that it has developed automotive air-conditioning systems, including air-conditioners and heaters, and begun mass production. The company’s air-conditioning systems will be fitted on Kia Corporation’s PV5 purpose-built vehicle (PBV). For the Kia PV5, Hyundai WIA will also supply inte

Several South Korean media sources reported that a South Korean automotive body parts manufacturer, DH, will build a new plant in Pyeongtaek-si, Gyeonggi-do, investing KRW 80 billion (JPY 8.8 billion). The company aims to start construction in the first half of 2026 and operation in the latter half of 2027. DH has he

South Korea's Kumho Tire Co., Ltd. will start supplying the Crugen HT51 as original equipment (OE) tires for Kia Corporation’s Tasman pickup truck. This tire will be fitted on the Tasman export models for the Australian, Asian, Middle Eastern, and African markets in addition to the model for the South Korean market.

Several South Korean media sources reported that a South Korean company, Taeyoung Tech Co., Ltd., will build a new plant in Gyeongju, Gyeongsangbuk-do, investing KRW 15.1 billion (JPY 1.66 billion). The construction work is scheduled to begin in August 2025 and continue until June 2026, with the new plant producing d

Hankook Tire & Technology Co., Ltd. (Hankook Tire) announced that it will supply the Ventus S1 evo3 ev as original equipment (OE) tires for the Porsche Macan electric vehicle (EV). This tire is designed exclusively for high-performance electric vehicles (EVs). It provides robust driving stability, excellent electrica

A high-level meeting for July 25 was called off due to an unspecified urgent scheduling event for U.S. Treasury Secretary Scott Bessent. The meeting was set to bring together Bessent, U.S. Trade Representative (USTR) Jamieson Greer and South Korean counterparts, Finance Minister Koo Yun-cheol and Trade Minister Yeo H

Nexen Tire Co., Ltd. (Nexen Tire) announced that it is expanding its supply of original equipment (OE) tires for Kia Corporation's global strategic vehicle models. Initially, the South Korean tire manufacturer began supplying the N’FERA Supreme S tires to Kia for the EV6 electric sports utility vehicle (SUV) that the

On July 21, Echion Technologies announced that it has signed a supply agreement with Korean battery start-up Grinergy for its XNO anode material on July 10, 2025. Through this agreement, Grinergy will apply Echion’s niobium-based anode material XNO to the next-generation fast-charging battery system it is developing.

Several South Korean media sources reported that a secondary battery manufacturer, LG Energy Solution Ltd., announced that Ultium Cells LLC, a joint company with GM, will change its production lines at its NCM (nickel, cobalt, and manganese) battery plant in Spring Hill, Tennessee, the U.S., to set up LFP battery mas