SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, has temporarily shut down its key plant in southwestern China, the company said Tuesday, amid sluggish sales in one of the world’s largest markets. The factory in the southwestern city of Chongqing has suspended its operations since the beginning of this year [...]
SEOUL, Sept. 9 (Korea Bizwire) — POSCO Chemical Co. said Thursday that it has acquired a 13 percent stake in Qingdao Zhongshuo New Energy Technology Co. for 4.9 billion won (US$4.2 million) in the latest move to secure a key material required to make anodes used for EV batteries. The chemical unit of South Korean [...]
SEOUL, Aug. 25 (Korea Bizwire) — POSCO Chemical Co. said Wednesday that it will invest 281 billion won (US$241 million) to boost production capacity of cathodes and precursors in China in the first overseas project for key components for electric vehicle (EV) batteries. The decision by the unit of South Korean steel giant POSCO represents [...]
SEOUL, Aug. 30 (Korea Bizwire) — LG Display Co. said Friday it has completed the construction of a new OLED factory in China to start mass production of large screens for premium televisions. LG Display has invested about 5 trillion won (US$4.2 billion) to build the Guangzhou factory for the production of organic light-emitting diode [...]