Kyunghee Park
World’s Top Electric-Car Battery Business Moves Toward IPO
(Chris Ratcliffe/Bloomberg News)
South Korean petrochemicals maker LG Chem Ltd. will split off its electric-vehicle battery business into a separate entity, seeking to carve out value as global EV demand increases.
September 17, 2020Hyundai Halts South Korea Output as Coronavirus Causes Parts Shortage
Workers assemble cars on the production line of a Hyundai plant in Beijing, China, in March 2013. (Tomohiro Ohsumi/Bloomberg News)
Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.
February 4, 2020Battery Giants Hit by Slump in China’s Electric Vehicle Market
Qilai Shen/Bloomberg News
CATL and BYD Co. saw sharp declines in sales of electrified-vehicle batteries in September as demand weakened in China, where the government is cutting subsidies in the EV sector.
November 22, 2019South Korea Speeds Up Plans for Autonomous, Electric and Flying Cars
A man attaches a charging plug to a Chevrolet Volt hybrid electric vehicle at a charging station in Jeju, South Korea. (SeongJoon Cho/Bloomberg)
South Korea unveiled plans to speed up the adoption of electric cars, self-driving vehicles and even flying automobiles in the coming years to help revive a sagging economy.
October 15, 2019Hyundai to Set Up $4 Billion Driverless Car Venture
SeongJoon Cho/Bloomberg News
Hyundai Motor Group will spend $1.6 billion to develop autonomous vehicles with Aptiv Plc, marking one of the biggest investments yet by a traditional carmaker into the burgeoning robocar industry.
September 23, 2019Volvo Self-Driving Buses Set for Singapore
Ore Huiying/Bloomberg News
Volvo AB is ready to start trialing full-size driverless buses in Singapore, helping the city state take a step forward in the race to deploy autonomous public transport.
March 5, 2019As China Reduces Pollution, Value of Vessels Transporting LNG Increases
SeongJoon Cho/Bloomberg News
The world’s biggest shipbuilder sees China’s cleanup of its smoggy skies lifting prices of the vessels this year.
January 29, 2019Cosco Shipping to Sell $947 Million of Orient Overseas Shares
Jasper Juinen/Bloomberg News
Cosco Shipping Holding Co. plans to sell as much as HK$7.43 billion ($947 million) of shares in Orient Overseas International as part of efforts by China’s biggest container-shipping line to maintain the listing status of the rival it is acquiring.
July 6, 2018Blockchain on Verge of Revolutionizing Shipping Industry
Akos Stiller/Bloomberg News
Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.
April 18, 2018Hong Kong Set to Lose Spot Among Top Five Container Ports in 2018
Anthony Kwan/Bloomberg News
Hong Kong is poised to lose its ranking as the world’s fifth-busiest container port if cargo-handling trends continue.
January 4, 2018