BUSAN, Dec. 31 (Korea Bizwire) — Renault Korea announced plans to outfit its Busan plant with electric vehicle (EV) production facilities as it gears up to manufacture the Polestar 4 midsize electric SUV for export to North America starting in the latter half of 2025. This marks the plant’s first transition to EV production, with industry [...]
SEOUL, Nov. 19 (Korea Bizwire) – The fortunes of South Korea’s three mid-sized automakers—GM Korea, KG Mobility, and Renault Korea—continue to hinge on the success of individual vehicle launches, with the pattern showing no signs of abating in 2024. The trend began with KG Mobility (formerly SsangYong Motor) riding high on its Torres SUV in 2022, [...]
SEOUL, Jul. 2 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday it has signed a deal to supply lithium iron phosphate (LFP) batteries for Renault S.A.’s electric vehicles. Under the five-year contract through 2030, LGES will supply LFP pouch-type batteries to Renault’s EV division Ampere, with a total [...]
SEOUL, Oct. 11 (Korea Bizwire) — Renault Group will make a massive investment in South Korea, which it sees as a key export hub for the French carmaker, in the next six years, the company’s chief executive officer said Tuesday. Renault is planning to invest hundreds of millions of euros in its South Korean operations [...]
SEOUL, March 16 (Korea Bizwire) — Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Wednesday it has dropped the Samsung brand from its new company name as the deal with the South Korean conglomerate over the brand’s use ends in August. Starting Wednesday, the company will use the new name of [...]
SEOUL, Nov. 10 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has received a supplier award from French automaker Renault S.A. as the South Korean tech powerhouse eyes to expand its presence in the vehicle component business. LG was honored with an Innovation award at this year’s Renault Supplier Awards for its vehicle display [...]
SEOUL, Oct. 24 (Korea Bizwire) — Renault S.A on Thursday began to export the Twizy electric car produced in South Korea to help revive sales of its Korean unit. In October, Renault Samsung Motors Corp. started the Twizy’s production at its sole plant in Busan, and the first batch of 142 Twizys will be shipped [...]
SEOUL, Apr. 29 (Korea Bizwire) — Renault S.A. on Monday temporarily halted operations at its only plant in South Korea amid a drawn-out dispute with its labor union over wages and working hours. Renault Samsung Motors Corp., the Korean unit of the French carmaker, plans to suspend the operation of the Busan plant, 450 kilometers [...]
SEOUL, Apr. 17 (Korea Bizwire) — The chief of Renault Samsung Motors Corp. has promised to continue investment in South Korea as the Korean unit of Renault S.A. serves as the R&D center for midsize vehicles for the French automaker, Renault Samsung said Wednesday. In his meeting Tuesday with Oh Keo-don, mayor of Busan Metropolitan [...]
SEOUL, Feb. 19 (Korea Bizwire) — Renault S.A. will join forces with South Korean businesses and researchers to develop autonomous driving technology, with an aim to apply the knowhow to the French carmaker’s electric vehicles, the trade ministry said Tuesday. In a business meeting attended by government officials from the two countries in Seoul, the [...]