NAVARRA, Spain -- Hyundai Mobis Co. said on Wednesday it has broken ground for an electric vehicle battery plant in Spain for stable supply to Volkswagen, after it secured a battery system assembly (BSA) order from the German carmaker last year, purportedly worth billions of doll

Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group also known as Qcells in overseas markets, signed a deal to supply solar modules and build power plants in the US, expanding its business into non-manufacturing sectors.The

South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is launching the ST1, its first fully electric work van that can be retrofitted for various commercial purposes.The Hyundai ST1 is the Korean automaker’s first commercial EV with an initial lineup of a

South Korea’s second-largest insurer Hanwha Life Insurance Co., managing 109 trillion won ($79.4 billion) in assets as of end-2023, said on Wednesday it will buy shares in a banking unit of Indonesian conglomerate Lippo Group to expand its business in Southeast Asia, which sees strong economic growth with fast-growing middle-class populations.Hanwha Life plans to buy a 40% stake in Lippo's Bank Nationalnobu Tbk PT, or Nobu Bank, which is li