Hyundai Boosts US Investment to $26 Billion After Lee Visit
Hyundai Motor Group announced on August 26, 2025, an increase in its US investment to $26 billion through 2028, up $5 billion from the $21 billion pledged in March. The investment, aimed at expanding auto, steel, and robotics production, underscores deepening economic ties between South Korea and the US. It
Toyota Ramps Up EV Game with 15 Models by 2027, Eyes 1M Units
In a quiet yet ambitious push towards the electric future, Toyota is reportedly gearing up to roll out around 15 electric vehicle (EV) models by 2027, with plans to ramp up production to 1 million units per year, according to a Nikkei report. While Toyota hasn’t officially confirmed the figures—opting
BYD Gears Up for Korean Market with 30 Sales Outlets
BYD Co. is planning to expand its sales network in South Korea, a market currently dominated by local automotive giants Hyundai Motor Co. and Kia Corp., as part of its strategy to boost deliveries beyond its home base in China. “We aim to increase our sales network to 30 outlets
