SEOUL, Feb. 12 (Korea Bizwire) — Stellantis Korea has pledged to strengthen Peugeot’s position in the South Korean market by introducing improved new models and hybrid technology, signaling a fresh start for the struggling brand. At a press conference held in Seoul’s Gangnam district on February 11, Stellantis Korea CEO Bang Sil stated, “We want [...]
SEOUL, Mar. 7 (Korea Bizwire) — Hyundai Motor Co., BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia Corp. and Stellantis Korea, are voluntarily recalling a total of 69,044 units of 43 different models, the Ministry of Land, Infrastructure [...]
SEOUL, July 24 (Korea Bizwire) — Samsung SDI Co. said Monday it plans to build a second battery manufacturing facility with Stellantis N.V. in the United States, in addition to the ongoing project for their first plant in Indiana. The two companies signed a memorandum of understanding for the envisioned second battery gigafactory, aiming to [...]
SEOUL, July 7 (Korea Bizwire) — The joint battery venture between LG Energy Solution Ltd. (LGES) and Stellantis N.V. will receive up to C$15 billion (US$11.2 billion) in incentives for their electric vehicle battery plant under construction in Ontario, Canadian government officials have said. The announcement on Thursday (local time) came a day after LGES [...]
SEOUL, July 6 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Thursday its joint venture with Stellantis N.V. has reached an agreement with the Canadian governments on the terms of subsidies for the construction of its electric vehicle (EV) battery plant in Ontario. The binding agreement puts the construction of the battery module manufacturing [...]
SEOUL, May 16 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Tuesday the construction of an electric vehicle (EV) battery plant in Canada with Stellantis N.V. has been halted, amid apparent haggling between the Canadian federal and provincial governments over who should pay more incentives. The announcement confirms earlier reports by foreign media outlets [...]
YANGYANG, Oct. 21 (Korea Bizwire) — Stellantis will soon launch the Jeep brand’s first fully electric model, Avenger SUV, in South Korea to boost local sales and in line with the group’s zero emission goals, its Korean managing director has said. Stellantis — a 50:50 joint venture between U.S. carmaker Fiat Chrysler Automobiles and French [...]
SEOUL, June 2 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Thursday its battery joint venture with multinational automaker Stellantis N.V. was named “NextStar Energy.” In March, LGES and Stellantis announced a plan to jointly establish an electric vehicle (EV) battery plant in Ontario, Canada, a deal worth 4.8 trillion [...]
SEOUL, May 25 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Wednesday it is investing US$1.29 billion in an electric vehicle battery plant to be built in the U.S. state of Indiana under a joint venture with Stellantis N.V. Samsung SDI will own a 51 percent stake in the $2.5 billion joint [...]
SEOUL, Nov. 3 (Korea Bizwire) — The government will seek punitive measures against South Korean units of Mercedes-Benz and Stellantis for manipulating emissions control systems in diesel vehicles, officials said Wednesday. The Ministry of Environment announced Mercedes-Benz Korea and Stellantis Korea were found to have tampered with pollution mitigation devices so they would perform at [...]