Hyundai Motor Company (HMC) and Iveco Group have agreed to explore opportunities to collaborate in several key areas ranging from advanced vehicle technologies to joint component sourcing and mutual vehicle supply. Senior figures from both companies signed the MoU agreements in Seoul.

Forsee Power (Forsee) of Paris, France, has renewed its supply partnership agreement for battery cells with South Korean firm, LG Energy Solution (LG).

The two companies aim to mass-produce a series of hydrogen fuel-cell electric city buses for the South Korean market from 2023.

Hankook Tire & Technology, based in Seoul, South Korea, has showcased its airless i-Flex tyre concept at the Consumer Technology Association (CES) 2022 show in Las Vegas, Nevada, USA.

Electric vehicle maker Edison to buy bankrupt SUV-specialist Ssangyong Motor Corp.

Hankook Tire & Technology has announced it will take part in PROJECT TREE, a sustainability project aimed establishing the traceability of natural rubber using blockchain technology.

South Korea's fire truck maker, EnPlus to invest USD99m in EV manufacturing plant in the Philippines

The commercial vehicle market over 2 tons gvw in South Korea declined by over 10% to 53,323 units in the third quarter of 2021 after rebounding by over 14% to 59,303 units a year earlier.

EnPlus plans to invest the equivalent of USD99m in an electric vehicle manufacturing plant for the production of battery-powered "Jeepney" vehicles in the Philippines.

Hyundai plans to offer all its commercial vehicle model ranges with a hydrogen fuel cell option and to apply the technology to all types of public transport vehicles as part of its Hydrogen Vision 2040 programme.

The Hydrogen Heavy Duty Vehicle Industry Group, including Hyundai, Toyota, and Nikola, has agreed to push ahead with a common global standard for hydrogen refuelling technologies to help “bring hydrogen closer to wide scale adoption”. 

The two companies plan to build the facility in an undisclosed metropolitan area of South Korea by 2024 for the manufacture of electrolysers and fuel cells.