10 Articles
Green
Hyundai faces lawsuit in South Korea over electric vehicle fires

As GM recalls 70,000 Bolt EVs — and the common denominator is LG Chem

Hyundai Motor Co is being sued over a string of battery fires in its electric vehicles (EVs), just as General Motors Co recalls nearly 70,000 EVs with batteries from the same maker, LG Chem Ltd. The owner of a Hyundai Kona EV, a South Korean civil servant who asked to be identified only by his surname Kim, is among some 200 people who lodged a class-action lawsuit against Hyundai last week, seeking compensation for what they say is the reduced value of their EVs and other losses, Kim and two la

Green
Hyundai, LG Chem considering electric car battery JV in Indonesia

LG Chem supplies electric car batteries to several automakers

Hyundai Motor Group and LG Chem Ltd are considering establishing an electric vehicle (EV) battery manufacturing joint venture in Indonesia, a person familiar with the matter told Reuters on Tuesday. In recent years, LG Chem has set up ventures with General Motors Co and Geely Automobile Holdings Ltd. LG Chem also supplies batteries to automakers including Hyundai and Tesla Inc. LG Group Chairman Koo Kwang-mo met Hyundai Motor Group Executive Vice Chairman Euisun Chung on Monday to discuss coop

Official
Hyundai outlines EV strategy as it struggles with cost of engine defects

'Not an ambitious target,' analyst says, but Hyundai sees need for caution

South Korea's Hyundai Motor pledged to boost sales of electric vehicles (EV) to over half a million by 2025 as part of a bid to focus on new technologies and catch up with rivals, but some analysts saw the target as conservative and warned of the costs. The announcement by Hyundai , the world's fifth largest car maker along with affiliate Kia Motors , underscores the accelerating strategy shift under Euisun Chung who became the motor group's executive vice chairman last ye