On June 16, California-based Cadence announced an expanded collaboration with Samsung Foundry, focusing on accelerating SoC, 3D-IC, and chiplet design for AI data centers, automotive (including ADAS), and RF connectivity. 
Highlights include:
•    A new multi-year IP agreement to expand Cadence’s memory and interface

On June 12, NIRA Dynamics, a Swedish automotive software company, signed a memorandum of understanding (MoU) with South Korea's BANF Smart Tire System to enhance vehicle safety and predictive maintenance. The collaboration will integrate BANF's high-frequency tire sensors into NIRA's established software platform, im

On June 12, Hyundai unveiled the first teaser images of the IONIQ 6 N, a high-performance electric sedan, marking the brand’s next bold leap in its electrification journey. The IONIQ 6 N features wide fenders, lightweight wheels, and a large rear spoiler, emphasizing its focus on aerodynamics and performance.
The IO

On June 13, Korean multiple sources reported that Hyundai Steel has signed a deal to supply GM Korea with approximately 100,000 tons of automotive steel annually, starting as early as September. This supply will replace the volume previously sourced from China’s Baoshan Iron & Steel, the world’s largest steelmaker by

On June 10, Hyundai Motor Co. began sales of its second-generation hydrogen fuel cell electric vehicle (FCEV), the all-new NEXO midsize SUV, in Korea, unveiling key features and pricing for the fully redesigned model.
The upgraded NEXO was first unveiled last April at the 2025 Seoul Mobility Show and represents the f

On June 10, EcoPro BM said it will suspend construction on its CAD 1.2 billion battery materials plant in Bécancour, Quebec, in “early June,” as U.S. tariffs and slowed EV uptake stall investment in electrification projects across North America.
South Korea-based EcoPro described the construction halt as temporary, b

On June 6, multiple sources reported that JK Fenner has signed a strategic technology collaboration agreement with South Korea-based NMC Motors. The partnership will initially focus on developing and manufacturing e-axles for three-wheelers and small commercial vehicles (SCVs), with potential future expansion to four

Several South Korean media sources reported that Enchem Co. Ltd., a South Korean electrolytic solution manufacturer, is proceeding with the acquisition of 100% of the shares in a Chinese battery material manufacturer. This Chinese manufacturer’s largest shareholder is Contemporary Amperex Technology (CATL), a Chinese

On June 4, Stradvision, a disruptive leader in AI-powered automotive perception software, partnered with Arm to support the launch of Arm Zena Compute Subsystems (CSS), a pre-integrated and validated platform designed to speed up development for AI-defined vehicles.
In the collaboration, Stradvision is delivering eff

On June 4, SNE Research announced monthly power battery data for global electric vehicles (BEV, PHEV, HEV) sold in April 2025.
For January to April, the global battery installation increased 40.2% to 308.5 GWh. By national origin among top 10 suppliers, Chinese manufacturers accounted for 68.0% of sales, followed by

Announced on May 30, 2025, POSCO has inaugurated the Australia Critical Minerals R&D Lab (ACMRDL) in Perth, Western Australia.
This facility is the first overseas lab of its kind established by a South Korean steelmaker and is designed to boost technological competitiveness in steelmaking, secondary battery materials

On June 2, 2025, Kim Long Motor Hue JSC held a handover ceremony in Hue City to officially deliver the KIMLONG N23-EV electric bus to DAON Mobility Co., Ltd. (Korea). This marks the first delivery under a long-term contract signed in April to export 200 KIM LONG electric buses to Korea for tourism and student transpo

Five Korean automakers announced domestic new vehicle sales in May. New vehicle sales in South Korea decreased by 2.9% compared to the same month in the previous year to 113,139 units. The decrease was attributed to fewer working days during the early May holidays and weaker consumer demand. However, the impact was p

It is anticipated that the next-generation Hyundai hybrid system will enhance performance and fuel efficiency across various segments
As Hyundai Group navigates the slowdown in global Electric Vehicle (EV) demand, the company has started to refocus its efforts on its existing xEV technology — the hybrid vehicle — to

On May 29, GM CFO Paul Jacobson said at the Bernstein 41st Strategic Decisions Conference that the company is not making immediate changes to imports of its entry-level Chevrolet and Buick crossovers built in South Korea in response to the 25% Trump import tariffs. 
GM is “still contribution-margin positive” on the C

On May 30, the Scalable Open Architecture for Embedded Edge (SOAFEE) announced that LG Electronics has partnered with SOAFEE to develop an innovative technology called PICCOLO. PICCOLO enables efficient interaction between software and hardware within vehicles. 
PICCOLO functions as a Mixed Critical Orchestrator, ens

South Korea’s Nexen Tire Co., Ltd. will start supplying its all-season tires, the N’FERA Supreme S, to Kia Corporation as original equipment (OE) tires for the EV4, electric sedan. The N’FERA Supreme S is designed with optimized load distribution technology and a 4D compound. It offers enhanced grip and maintains sta

South Korea’s LG Innotek Co., Ltd. announced that it has developed a third-generation 5G communication module for automobiles. This communication module supports new radio non-terrestrial networks (NR-NTNs). When compared to existing 5G satellite communication module products, its data transfer speeds are several hun

Posco Future M Co., Ltd. has unveiled a plan to secure mass production technology for lithium-manganese-rich (LMR) cathode materials by the end of 2025. LMR batteries are designed to enhance price competitiveness by significantly reducing the use of expensive cobalt and nickel, while increasing the use of inexpensive

On May 28, multiple Korean media reported that GM Korea plans to sequentially sell nine directly operated after-sales service centers, along with idle assets and facilities within its main Bupyeong plant.
GM Korea announced that it will begin consultations with stakeholders to ensure financial sustainability amid the