Industry

  • Renault Koreas new hybrid SUV receives 5,000 pre-orders in about a month
    Renault Korea's new hybrid SUV receives 5,000 pre-orders in about a month SEOUL, February 13 (AJP) - Renault Korea said on Friday that orders for its new crossover sport utility vehicle have exceeded 5,000 units since pre-orders began last month. According to the France-based automaker, the midsize hybrid Filante, which combines features of a sedan and an SUV, boasts 250 horsepower and artificial intelligence (AI)-based connectivity services. It comes with a price tag of about 43.32 million Korean won (about US$30,000) after tax incentives for eco-fr February 13, 2026
  • VWs electrification push adds pressure on South Korea in Canadas $41bn submarine bid
    VW's electrification push adds pressure on South Korea in Canada's $41bn submarine bid SEOUL, February 11 (AJP) - Germany’s industrial offensive is widening beyond defense and into electric vehicles, adding fresh pressure on South Korea in Canada’s $41 billion submarine procurement race. On Wednesday, Volkswagen Group doubled down on its global electrification drive despite slowing EV demand worldwide, highlighting production milestones that underscore Germany’s manufacturing scale — a key factor as Berlin backs a consortium competing against S February 11, 2026
  • Hyundai Motor CEO unveils massive Korea, US investment plans
    Hyundai Motor CEO unveils massive Korea, US investment plans SEOUL, February 10 (AJP) - Hyundai Motor plans record investments in South Korea and major spending in North America while seeking renewed growth in emerging markets including India and China, CEO Jose Munoz said in a message to employees. In an internal email sent Monday, Munoz said Hyundai Motor would invest 125.2 trillion won in South Korea over the next five years, marking the company’s largest-ever domestic commitment. The automaker also plans to invest about 35 trill February 10, 2026
  • LG Display accelerates shift to OLED with sale of LCD business in Nanjing, China
    LG Display accelerates shift to OLED with sale of LCD business in Nanjing, China SEOUL, February 10 (AJP) - LG Display said on Monday it will sell its automotive liquid crystal display (LCD) module business in Nanjing, China, as the company accelerates its transition toward higher-margin organic light-emitting diode (OLED) segment. In a regulatory filing, the company said it signed a contract to sell the business to the Nanjing unit of Toprun Total Solution for 491.5 million yuan ($68 million), with the transaction scheduled to close on July 30. LG Displa February 10, 2026
  • Report: Nvidias autonomus driving platform Alpamayo to reshape global ecosystem
    Report: Nvidia's autonomus driving platform Alpamayo to reshape global ecosystem SEOUL, February 09 (AJP) - South Korea's top automotive research body suggests that a new open-source platform from Nvidia could be the "breakthrough" needed for an industry currently paralyzed by ballooning costs and technical gridlock. According to a report released February 9 by the South Korea Automotive Technology Institute (KATECH), the Alpamayo platform aims to solve the "black box" problem of modern artificial intelligence by teaching cars to explain t February 9, 2026