The site will be located in Queen Creek, on the outskirts of the Phoenix metropolitan area, with production set to begin in 2025 at a capacity of 27 GWh per year.

LGES is one of the leading global battery cell suppliers.

South Korean CV market remains dominated by small trucks 5 tons and below.

The export agreement is said to be worth KRW1trn (USD758m) to supply charging systems for the US market over a period of three years.

The seven major markets of East Asia (excluding China) has grown by 125,000 commercial vehicles in the last two years.

Sales and operating profit increased YoY by 17.5 percent and 9.9 percent, respectively, thanks to increased demand for large-diameter tyres.

Enginius is a new company or division of refuse body builder, Faun Group.

South Korea is one of the more progressive countries to try and adopt AI and autonomous driving technology om public transport.

Hyundai is the first manufacturer to series build HFC trucks with vehicles currently used for commercial operations in Germany, Switzerland and New Zealand.

The two companies have made a ‘Central Communication Unit’ which integrates multiple electronic controllers in a single hub, and they plan to continue the collaboration further.

SK E&S plans to produce up to 30,000 tons of liquid hydrogen per year at a new facility in Incheon.

Hyundai, which has had a presence in China CV manufacturing sector through joint venture companies for many years, is to use its new MOU with CICC to expand its presence in the region in zero emissions HFC technology.