S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL

Highlights –

• S. Korea’s automobile exports rose to 53% in April.
• In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
• Hyundai Motor Co. saw its exports jump 40.3 percent in April.
• SsangY...

S. KOREAN CARMAKERS SAW A JUMP IN SALES BY 77% IN APRIL

Highlights –

• S. Korean carmakers saw a jump in sales by 77% in April.
• The five carmakers sold a combined 630,691 vehicles in April.
• Hyundai reported its sales to double to 345,777 units from 167,693 a year ago.
• Kia's sa...

US PRESIDENT BIDEN HOLDS MEETING WITH CEOs ON GLOBAL CHIP SHORTAGE

Highlights

• This meeting comes at a time when the US President is building support for his infrastructure bill worth $2 trillion

• CEOs of companies like General Motors, Alphabet and Intel were part of the meeting which was held virtually

• The US Pre...

S. KOREA’S EXPORTS OF AUTOMOBILES INCREASE BY 35 PERCENT IN FEBRUARY

Highlights –

• S. Korea’s exports of automobiles increase by 35 percent in February.
• In February, outbound shipments of automobiles were 161,886 units.
• Hyundai saw overseas sales increase by 40.4 percent in terms of units.
...

LG ENERGY SOLUTION TO INVEST OVER $4.5 BILLION IN US BATTERY PRODUCTION

Highlights

• The two companies are at present building a battery factory worth $2.3 billion in Lordstown, Ohio will be employing nearly 1,000 people after its completion in 2022

• Jong Hyun Kim, CEO of LG Energy Solution said “The goals of the US president and ...

S. KOREAN COLLECTIVE CARMAKER’S SALES ON SUVs ROSE 4.8 PERCENT IN JANUARY 2021

Highlights –

• S. Korean collective carmaker’s sales on SUVs rose 4.8 percent in January 2021.
• The data is by Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp., and SsangYong Motor Co.
• Domestic sales of the ...

YouTube, GOOGLE, AND GMAIL ARE WORKING NOW: GOOGLE

Highlights

• While Gmail and Google Search were working fine for most of the users, it was YouTube that gave trouble to several thousands of users across the world

• According to Downdetector, more than 79 percent of Gmail users were witnessing problems in logging in...

USITC DEFERS RULING ON LG-SKI WRANGLE IN A CASE OF INDUSTRIAL ESPIONAGE

• As widely anticipated, the United States International Trade Commission (USITC) yet again prolonged a decision in an industrial espionage case.
• This case is in connection with the world's top battery manufacturer LG Energy Solution and rival SK Innovation (SKI).

VOLKSWAGEN ASKS GOVERNMENT TO AMICABLY RESOLVE LG-SKI SPAT IN LARGER INTERESTS

• Volkswagen has reportedly asked authorities here to possibly talk for truce in the on-going legal battle between LG Energy Solution and SK Innovation (SKI) over the reported theft of electric vehicle (EV) battery-making trade secrets.
• This is concerning impacts which will be fe...

NIKOLA SHARES SLUMP AS GM SCALES BACK STAKE IN IT

Highlights

• The impact of this GM's decision was immediately visible on Nikola shares as they plunged 24.75 percent on 11:12 a.m.

• Nikola Corp was accused of fraud by short-seller Hindenburg and an inquiry was opened by the U.S. Securities and Exchange Commissi...

GM ASKED TO RECALL 5.9 MILLION VEHICLES OVER FAULTY AIRBAGS

Highlights

• GM needs to recall the 2007-2014 model year trucks and SUVs as the inflators are at the risk of the same type of explosion to high heat and humidity as other recalled Takata inflators

• According to the GM estimation in securities filings, if at all requ...

GM KOREA TO RETHINK FUND INFLOW IN MAIN PLANT AMIDST ONGOING STRIKE

• GM Korea Co., the South Korean unit of General Motors Co., said Friday it will weigh its decisions and reconsider investing in its main plant as its union continues to strike for higher wages.
• GM Korea will mull over making an investment in the company's No. 2 Bupyeong plan...

LG CHEM BATTERY PROJECT TO COIN OFFSHOOT LG ENERGY SOLUTION

• LG Chem said Thursday it had approved the split-up off its globally leading battery business to establish a wholly owned battery subsidiary and ramp up investments through a public listing in the future.
• In a board meeting convened Thursday, LG Chem decided to split-up the batt...

ELECTRIC VEHICLE STARTUP NIKOLA TO CRUISE ON LG CHEM AND GM BATTERIES

• Nikola, a startup underscoring electric and fuel cell trucks, has plans lined up to augment the vehicles with  electric batteries co-developed by South Korea’s LG Chem and its US partner General Motors .
• The Arizona-based motor company is anticipated to install the U...

GENERAL MOTORS WILL BE THE FIRST AUTOMAKER TO USE WIRELESS BATTERY MANAGEMENT SYSTEM

Highlights

• This wBMS has been developed with Analog Devices,Inc. will be primary driver of General Motors' ability to power various types of electric vehicles with the help of a common set of battery components

• Henderson said that Analog Devices’ collab...

GENERAL MOTORS ACQUIRES STAKE WORTH $2 BILLION IN ELECTRIC-VEHICLE MAKER NIKOLA

Highlights

• General Motors will purchase an equity stake of 11 percent in Nikola

• Nikola was founded in the year 2015 and aims on manufacturing zero-emission big rigs with the help of hydrogen fuel technology

• GM will nominate one director to the bo...

GMR GROUP DECIDES TO SEPARATELY LIST ITS AIRPORT BUSINESS

In order to raise funds worth Rs 5,000 crore, country’s largest airport operator, GMR Group founded by GM Rao has taken a decision to separately list its airport business. This proposal was passed by the company’s board on Thursday that will see the holding company, GMR Infrastructure...

GMAIL NOT WORKING, HIT BY GLOBAL OUTAGE

Highlights

• Few of the Gmail users are facing difficulty in logging in to their account

• Majority of the users are able to log in but are facing problem in uploading attachments

• Social media platforms are flooded with posts regarding Gmail outage

SENSEX SLUMPS 400 POINTS, NIFTY50 BELOW 10,300

Highlights

• The S&P BSE Sensex is trading at 34,746.09 levels, while the benchmark Nifty50 is trading at 10,252.25 points

• The S&P report forecasting fall in India’s growth rate has affected the investor sentiment

• Top Sensex laggards ...

GM WANTS TO BRING ELECTRIC VEHICLES IN SOUTH KOREA

HIGHLIGHTS

• General Motors wants to expand its presence in South Korean vehicle market by introducing electric vehicles.
• Electric car 2020 Bolt EV received a good response in South Korean vehicle market.

General Motors Co. wants to ex...