SEOUL, March 30 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will collaborate with Saudi Aramco and a Saudi Arabian university to jointly develop an environment-friendly fuel and engine for vehicles. Hyundai, Aramco, and King Abdullah University of Science and Technology (KAUST) plan to develop an advanced fuel for ultra-lean burn, spark-ignition engines to [...]
SEOUL, March 15 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co., the world’s fourth-biggest shipbuilder by orders, said Tuesday it has signed an initial pact with a British shipbuilder for warship technology development. Daewoo Shipbuilding has signed a memorandum of understanding with Babcock International for a “strategic partnership” in developing technologies in aircraft carriers, [...]
SEOUL, March 3 (Korea Bizwire) — KT Corp., a South Korean major wireless carrier, said Thursday it has signed a pact with a leading Turkish telecom operator for cooperation in 5G and artificial intelligence services. At the Mobile World Congress (MWC) 2022 in Barcelona, the South Korean operator signed a memorandum of understanding with Turk [...]
SEOUL, Feb. 25 (Korea Bizwire) — Hyundai Motor Co. said Friday it has signed an initial pact with Shell Plc for cooperation in electrification and carbon neutrality. Last week, Hyundai Motor signed a memorandum of understanding with Shell, Europe’s biggest oil firm, to collaborate on electric vehicle charging infrastructure, hydrogen fuel-cell electric vehicle supplies, and [...]
SEOUL, Feb. 8 (Korea Bizwire) — Hyundai Glovis, the logistics unit of Hyundai Motor Group, announced that it had signed a memorandum of understanding (MOU) to establish a new business alliance with car-sharing company SoCar with a focus on developing future logistics technologies. With a fleet of about 18,000 vehicles, SoCar has been applying innovative [...]
SEOUL, Jan. 27 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Thursday it has signed a parts supply deal with a Saudi Arabian carmaker. Under the seven-year deal, SsangYong Motor will initially provide semi knockdown units to Saudi National Automobiles Manufacturing Co. (SNAM) and then [...]
SEOUL, Jan. 26 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) and General Motors Co. unveiled a US$2.6 billion plan Wednesday to build a new electric vehicle (EV) battery plant in the United States in their latest move to gain an edge in the global EV market. The factory by Ultium Cells LLC, their U.S.-based [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it has partnered with U.S. quantum computer firm IonQ for battery development. The partnership will allow Hyundai Motor to use IonQ’s quantum computers to develop more effective car batteries, Hyundai said in a statement. Quantum-powered chemistry simulation is expected to significantly enhance [...]
SEOUL, Jan. 18 (Korea Bizwire) — KT Corp., South Korea’s major telecom operator, said Tuesday it has partnered with an affiliate of Russian tech giant Yandex to jointly develop delivery robots. KT and Yandex Self-Driving Group inked an agreement in Moscow to develop and roll out an autonomous delivery robot within this year and to [...]
SEOUL, Jan. 18 (Korea Bizwire) — Hyundai Capital Services Inc., South Korea’s leading auto finance company, said Tuesday it has launched a joint venture with CGI Finance, a subsidiary of France’s Societe Generale Group. Hyundai Capital France will provide auto finance, including lease, loan and insurance, for customers of Hyundai Motor Group — Hyundai Motor [...]