Hi, everyone. How are you doing? Hope everyone is safe and healthy. In Korea still people wear masks and no one can go without masks.

By the way, here are some updates about Korea automotive business.

 

March 29, 2021

Hyundai Wia: To Benefit from Mid/long-term Business Restructuring

We expect Hyundai Wia’s share price to show downward rigidity, considering its valuations (2021E P/B of 0.66x) and HMG’s improving global utilization rates. A rebound in auto demand, together with visible results at Hyundai Wia’s new businesses, should provide strong ballast for its share price.  (more details : http://www.businesskorea.co.kr/news/articleView.html?idxno=63427)

 

APRIL 15, 2021

Hyundai Ioniq 5 vs. Kia EV6: Which would you pick?

https://www.greencarreports.com/news/1131928_hyundai-ioniq-5-vs-kia-ev6-which-would-you-pick

 

15 Apr 2021

Check out this resto-modded Hyundai Pony EV

https://www.topgear.com/car-news/electric/check-out-resto-modded-hyundai-pony-ev

 

April 16, 2021

Hyundai Mobis: Responding and Adapting to Changes

The role of tier-1 auto parts suppliers is changing. Supply shortages in wiring harnesses from China last year and automotive semiconductors this year point toward a growing need for value chain expansion and supply chain management (SCM) improvement. As a major tier-1 parts supplier for the Hyundai Motor Group, Hyundai Mobis plans to lead group efforts in building a new value chain to better respond to growing focus on the vehicle electrical and electronic (E/E) architecture, i.e., the electrification of parts. (more information : http://www.businesskorea.co.kr/news/articleView.html?idxno=64973 )

 

April 16, 2021

Hyundai, Kia to develop own hybrid car batteries with SK Innovation

Hyundai Motor and Kia will collaborate with SK Innovation to codevelop batteries for their future hybrid electric vehicles.
This is the first time Hyundai Motor and Kia, the world’s fifth biggest carmaker by sales, have directly participated in battery development, after completely relying on partnership with battery makers in the past. (all article : https://koreajoongangdaily.joins.com/2021/04/16/business/industry/hyundai-motor-sk-innovation-battery/20210416105600431.html )

 

April 15, 2021

GM Korea to halt 2 plants over chip shortage next week

SEOUL, April 15 (Yonhap) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will suspend two of its three plants next week due to a lack of semiconductors parts.
GM Korea will halt the No. 1 and No. 2 plants in Incheon, 40 kilometers west of Seoul, from April 19-23 as the semiconductor supply continues to remain fluid globally, the company said in a statement. ( full new article : https://en.yna.co.kr/view/AEN20210415002400320 )

 

April 16, 2021

Semiconductor Shortage Forces GM Korea to Shut down Bupyeong Plant

GM Korea announced on April 15 that it will suspend production at its Bupyeong Plants 1 and 2 in Gyeonggi Province for a week beginning from April 19 due to semiconductor shortages. The carmaker will finalize its plan on post-shutdown plant operation next week. ( Original news article here : http://www.businesskorea.co.kr/news/articleView.html?idxno=64922 )