On May 7, SNE Research announced monthly power battery data for global electric vehicles (BEV, PHEV, HEV) sold in March 2025.
For January to March, the global battery installation increased 38.8% to 221.8 GWh. By national origin among top 10 suppliers, Chinese manufacturers accounted for 67.5% of sales, followed by K

On April 30, 2025, Dongsung Chemical, a South Korea-based eco-friendly materials science company, inaugurated a new polyurethane (PU) production plant spanning 81,000 sqm in Karawang, Indonesia. Construction started in September 2023, with trial production completed in early 2025 and full-scale operations commencing

On April 30, 2025, Indonesia’s Minister of Investment and Downstream Industry and Head of the Investment Coordinating Board (BKPM) attended the inauguration of South Korea-based Dongsung Chemical’s new PU production facility in Karawang, the most advanced PU system production base in Southeast Asia.
The company’s PU

Five Korean automakers announced domestic new vehicle sales in April. New vehicle sales in South Korea increased by 8.1% compared to the same month last year to 128,639 units. Hyundai Motor and Kia reported higher sales both domestically and overseas, while GM Korea, Renault Korea, and KGM experienced declines.
By co

On April 28, STRADVISION and Axera announced a strategic cooperation aimed at delivering competitive and scalable ADAS and autonomous driving (AD) solutions at Auto Shanghai 2025. The partnership brings together STRADVISION's software-based perception solution, SVNet, and Axera's AI SoC platforms to develop solutions

Announced on April 24, 2025, a delegation from the Industrial Estate Authority of Thailand (IEAT) and Thai industrial estate developers visited Seoul to strengthen economic ties between Thailand and South Korea and attract investment in Thailand’s future industries. 
From April 22 – 23, they co-hosted the IGNITE Thai

Gentex, announced that while Q1 2025 net sales of USD 576.8 million were down 2.3%, net income for the first quarter of 2025 was down 12.3% to USD 94.9 million.
Gentex said that as a result of the current and expected tariff escalation in the China market, it has pro-actively halted production of interior and exterio

On April 29, the Vice-President of Nigeria met with a delegation of South Korea’s Asia Economic Development Committee (AEDC). AEDC has proposed a partnership with Nigeria to support solar equipment production and electric vehicle (EV) manufacturing in the country. The Vice President reaffirmed the administration’s co

Samsung SDI Co., Ltd. (Samsung SDI) announced that it has won the JLR Quality Award from Jaguar Land Rover (JLR). The South Korean company was recognized for its product technology and quality. Samsung SDI has been supplying 2170 cylindrical batteries to JLR for its premium models, including the Range Rover and the R

Several South Korean media sources reported that South Korea’s Shinsung ST Co,. Ltd. has been registered as a listed partner of a global electric vehicle (EV) manufacturer and won an order to supply parts for mass-production models. Shinsung ST has been providing bus bars and battery module cases to South Korean batt

On April 29, LG Energy Solution announced plans to establish a joint venture with Derichebourg, the French leader in metal waste recycling, to build a state-of-the-art battery recycling plant. 
Construction will begin in 2026 in Bruyères-sur-Oise in northern France, with operations scheduled to commence in 2027. This

Hyundai Motor Company announced its business results for the first quarter of 2025 (January–March) on April 24. Revenue increased by 9.2% year-on-year to KRW 44.41 trillion, marking the company’s highest-ever first-quarter revenue. The growth was driven by strong sales in the North American market and a favorable exc

Several South Korean media sources reported that South Korea’s Top Run Total Solution Co., Ltd. has won an order for components of LCD cluster displays from LG Electronics Inc. The contract is valid from 2027 to 2033, and the sales under the deal are expected to reach KRW 14.7 billion. The company will supply precisi

Several South Korean media sources reported that Posco Future M Co., Ltd. will establish a new company named Carbon New Materials Co. Ltd. to produce spherical graphite locally, a critical material for battery anodes. The company will invest KRW 396.1 billion to establish this fully-owned subsidiary. Posco Future M w

LG Electronics Inc. announced that it has awarded 2024 Excellent Value Improvement at the Annual Supplier Business Meeting of Toyota Motor North America (TMNA). The award recognizes LG Electronics ' capabilities to deliver electric products and initiatives to lower their costs in the North American market. It is the

South Korea’s Posco Group signed a memorandum of understanding (MOU) with Hyundai Motor Group regarding cooperation in the steel and secondary battery businesses. Firstly, as part of its strategy to localize steel production, Posco Group will make an equity investment in Hyundai Motor Group’s new steel mill project i

Several South Korean media sources reported that LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., had withdrawn from a project the company had been pursuing to set up an electric vehicle (EV) value chain in Indonesia. In 2022, the company formed a consortium with Sou

Reported on April 22, 2025, LG Energy Solution has announced its withdrawal from the ambitious “Grand Package” electric battery project in Indonesia, a multibillion-dollar initiative aimed at establishing a local EV battery supply chain. The company cited various concerns, including challenges related to the investme

On April 22, NEXEN TIRE, a global leader in tire manufacturing, announced that its ultra-high-performance (UHP) summer tire, the N'FERA Sport, has received homologation to be supplied to the Škoda Karoq.
The N’FERA Sport tire, made in Europe for the European market, comes in size 215/50R18 W XL and is a great fit for

On April 21, the Hyundai Motor Group and POSCO Group announced they have signed a Memorandum of Understanding (MOU) for business cooperation in the fields of steel and battery materials. 
Under the agreement, POSCO plans to make an equity investment in Hyundai Motor Group’s recently announced Electric Arc Furnace (EA