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...Chery UK head Victor Zhang said the company was aiming to rival South Korean mass market carmakers Hyundai and Kia, which first entered the British market in the early 1980s and early 1990s, respectively...
...“If they are successful, that will send a strong signal both to Korean companies and to foreign investors that it is possible for them to co-operate.” Additional reporting by Andy Lin in Hong Kong...
...Korea Zinc has also formed a joint venture with South Korea’s LG Chem for precursor production and is in talks with Singapore-based Trafigura for co-operation on nickel refining....
...In 2003, the Chinese company acquired Hyundai Display Technology, then a subsidiary of the Korean SK Group conglomerate....
...SK On, a subsidiary of Korean petrochemical company SK Innovation, has concentrated the bulk of its foreign investments in the US, where it has formed joint ventures with car manufacturers Ford and Hyundai...
...BYD wants to overtake the top-selling models in the Indonesian market last year, which included the Hyundai Ioniq 5, and the Air EV from China’s Wuling Motors....
...“There are still limits,” said Hwang, citing the example of Turkey’s Altay battle tank, which was co-developed with Hyundai Rotem in the late 2000s, and has since emerged as a rival to the Korean company...
...Hyundai Heavy said the EU should approve the merger unconditionally....
...South Korea’s labour unions have a reputation for militancy, and groups such as Hyundai Motor have had to grapple with frequent strikes over wages and other working conditions....
...There are at least a couple of international automakers in the lowest three tiers of investment grade that could be a source of concern (Hyundai and Kia, for example)....
...“The LNG tanker boom is helping boost our profitability,” said Ka Sam-hyun, chief executive of Korea Shipbuilding & Offshore Engineering, the world’s largest shipbuilder and the holding company of Hyundai...
...South Korea’s LG Energy Solution is building a $1.1bn battery cell plant while carmaker Hyundai opened its first south-east Asian plant to assemble electric cars last year....
...Europe is no stranger to the breakthrough of Asian brands, having witnessed the arrival of Japan’s Toyota, Nissan and Honda in the 1990s, and then Korean labels Hyundai and Kia since 2000....
...In South Korea, it supplies all the local automakers including Hyundai, Kia and Edison Motors. Panasonic and LG meanwhile rub shoulders as Tesla’s main battery suppliers....
...As battery car sales rise, analysts expect widespread take-up of Chinese nameplates across Europe, similar to the advent of the Korean brands Hyundai and Kia....
...consternation in Seoul that only electric vehicles assembled in North America will qualify for the generous consumer tax credits outlined in the legislation, hampering the ambitions of South Korean auto group Hyundai...
...Apple also recently halted talks with South Korea’s Hyundai Motor and its affiliate Kia, underscoring the challenges of finding an automotive partner for its car efforts, known as Project Titan....
...Like other manufacturers in the region, including South Korea’s Hyundai, the group initially developed its business by “reverse engineering” cars from established brands, before developing its own models...
...GM unveiled the Ultium battery system in 2020, which it believes will help its products compete with Tesla and established industry leaders such as Nissan and Hyundai-Kia....
...In January Korea Shipbuilding’s subsidiary Hyundai Heavy Industries will reopen its Gunsan shipyard, one of the world’s largest drydocks, six years after its closure....
...The defensive deal made sense in 2019, when Hyundai first announced it. The shipbuilding sector was struggling with overcapacity, even selling some ships at a loss....
...Each of the Chinese groups’ sales are smaller than non-Chinese rivals such as Renault, VW or Hyundai, but ahead of Ford, Mazda and the Stellantis brands that include Peugeot and Opel....
...Samsung, Hyundai, SK Group and LG, the country’s four biggest conglomerates, are leading the efforts as they bow to pressure from Washington to produce strategically sensitive goods such as semiconductors...
...The IPO, the world’s biggest deal this year, attracted bids from institutional investors worth $13tn this month, according to the co But the company’s market capitalisation of Won108.6tn ($90bn) is dwarfed...
...export controls on semiconductor components in 2019 and China punishing Seoul in 2016 for hosting a US missile shield with bans on Chinese tourist groups to the country and boycotts on products such as Hyundai...
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