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Hyundai Motor, SK Chiefs Vow to Bolster EV Biz Partnership

Hyundai Motor, SK Chiefs Vow to Bolster EV Biz Partnership

SEOUL, July 7 (Korea Bizwire) — The heir apparent of Hyundai Motor Group met with the head of refinery-to-battery conglomerate SK Group on Tuesday to discuss cooperation in the electric vehicle (EV) business. Hyundai Motor Group Executive Vice Chairman Chung Euisun and SK Group Chairman Chey Tae-won discussed cooperation on next-generation EV battery technologies, power [...]

SK Buys Stake in BYD’s Chip Unit

SK Buys Stake in BYD’s Chip Unit

SEOUL, June 16 (Korea Bizwire) — SK Group, South Korea’s third-largest conglomerate, said Tuesday it has secured a stake in a chipmaking unit of China’s largest electric vehicle (EV) producer BYD. SK China Co., one of the group’s China-based affiliates, acquired a 1.47 percent stake in BYD Semiconductor for 150 million yuan (US$21 million). BYD [...]