SEOUL, Apr. 26 (Korea Bizwire) — POSCO Future M Co., the battery materials unit of POSCO Holdings Inc., said Friday it will set up a joint venture (JV) with Honda Motor Co. in Canada mainly for the supply of a core battery material to the Japanese carmaker. The two companies have signed a memorandum of [...]
SEOUL, April 12 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Wednesday it has signed a memorandum of understanding with Japanese carmaker Honda Motor Co. to cooperate in the electric vehicle (EV) battery materials business. Under the initial deal, the two agreed to explore technical exchanges on key battery materials, such as [...]
SEOUL, March 1 (Korea Bizwire) — South Korea’s LG Energy Solution Ltd. (LGES) said Wednesday its joint venture with Honda Motor Co. has begun construction of a car battery plant in the United States with an aim to start production in late 2025. The 51:49 joint company, set up between LGES and Honda Motor in [...]
SEOUL, Jan. 13 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Friday its joint U.S. electric vehicle (EV) battery venture with Japan’s Honda Motor Co. has officially set sail, taking a step further in the advance into the American market. The launch of L-H Battery Co. Inc., the venture’s official name, came about five [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Monday it is joining hands with Japan’s Honda Motor Co. to build an electric vehicle battery plant in the United States in the latest move to increase its production capacity amid growing demand for zero-emission vehicles. The two companies [...]
SEOUL, Aug. 10 (Korea Bizwire) – Japanese Carmaker Honda is looking into possible corrosion issues facing the all-new CR-V released in the South Korean market after a string of online complaints by consumers were reported. The controversy surrounding the Honda CR-V, an SUV model released back in April, came after customers reported that corrosion had [...]
SEJONG, June 2 (Korea Bizwire) – Mercedes-Benz Korea, the local unit of the German luxury car brand, will recall 1,135 units of E-class sedans for problems with their powertrain control system, the transportation ministry here said Thursday. An error in the model’s powertrain software may fail to transmit engine power to the automatic transmission, causing a [...]
SEOUL, Aug. 30 (Korea Bizwire) – Honda Motor Co., a Japanese carmaker, will voluntarily recall more than 18,690 crossover vehicles sold in South Korea due to manufacturing defects, the transportation ministry said Sunday. Subject to the recall are 18,690 CR-V vehicles produced between May 24, 2006, and March 29, 2011, according to the ministry. In [...]
SEOUL, April 7 (Korea Bizwire) — Five Korean kids worked as curators at a Honda booth at the 2015 Seoul Motor Show on April 6. As participants of Honda Korea’s ‘Kids Curators’ program, the children explained what they found appealing about Honda vehicles, and told visitors to the booth about their personal experiences with Honda [...]
SEOUL, Korea, Feb 19 (Korea Bizwire) – As more people opt to buy imported cars over home-made ones, import car dealerships are opening up everywhere in the country from a narrow confines of Gangnam and other high-income neighborhoods in Seoul. According to data provided by the Korea Automobile Importers & Distributors Association on February 18, [...]