BUSINESS
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Samsung Electronics Breaks Pre-Sale Record with the World's First AI Phone Samsung Electronics' Galaxy S24 series has set a new record for the most units sold in pre-sales in Korea, with 1.21 million units sold. The Galaxy S24 Ultra was the most popular, accounting for about 60% of sales, while Titanium Black and Marble Gray were the most popular colors... -
Hyundai Motor Group Records 450,000 Electric Vehicle Sales in 2023 Hyundai Motor Company sold 268,785 battery electric vehicles in 2023. That's 451,000 units, compared to Kia's 182,000. Hyundai's increase was driven by the Ioniq 5 and Ioniq 6... -
Volkswagen Still Struggling with Electric Motor Shortages Volkswagen is still struggling with a shortage of electric motors at its Kassel parts plant, German media outlet Handelsblatt reported on January 25, 2024... -
Semiconductor Smugglers Caught in South Korea: $10 Million Scheme Uncovered A Korean distributor caught by Seoul Customs was sent to jail on criminal charges for attempting to smuggle semiconductors to China. Semiconductors are classified as strategic goods and require an export license. The company disguised the semiconductors and smuggled them to China, and obtained the payment through false declaration and laundering... -
Biden's EV Push vs. Trump's Comeback: A Shock for the Auto Industry This is the year of the US presidential election. Already, there is a generalized talk about the need to respond to Trump's election. This has led to concerns that Biden's EV strategy, which he has been actively promoting, will change... -
Hyundai IONIQ 6 Is Now Cheaper Than A Tesla Model 3 [TheGuru=Jinwoong Yoon] Hyundai's electric car, the Ioniq 6, has been garnering a lot of attention in the U.S. electric car market this year. The reason is that it is the most affordable electric sedan in its class, while its performance is comparable to more expensive models... -
China's Market Boost: Plans to Bolster Capital Market with Long-Term Funds Chinese authorities have revealed plans to strengthen medium- and long-term fund injections into the money market to stabilize the market. Chinese authorities said they will take stronger and more effective measures to stabilize market confidence, Yonhap News Agency reported on Nov. 22, citing Reuters... -
Hyundai Expands Horizons: Luxury Base by Hudson River in NYC [TheGuru=Jinwoong Yoon] Hyundai Motor Company is opening a new base in a luxury office tower near the Hudson River in New York City. Hyundai's new office tower is located near the Hudson River in New York City. -
Audi Scores Historic Victory in the 2024 Dakar Rally Audi wins the world's toughest desert rally, the Dakar Rally, with a low-emission prototype Audi RS Q e-tron, which for the first time ever features an electric drive, high-voltage battery and energy converter. -
Chinese Car Company Nio Soars to 50th Spot in Global 100 Sustainability Rankings Chinese electric vehicle startup Nio has announced that it has been named to the 2024 Global 100, which recognizes companies leading the way in sustainable economies. -
Korean Semiconductors Face 'Trump Risk' With the re-election of former President Trump, the US government's moratorium on Korean semiconductor companies' Chinese factories is expected to be tested again. This is expected to force Korean companies to make difficult decisions considering the risks and pressures from both China and the United States. -
China's Stock Market in Crisis: Premier Li Qiang Promises Stability Chinese authorities say they will take effective measures against stock market plunge. Emphasized strengthening market stability with medium- and long-term capital injections. Hong Kong stock market also down. China will also accelerate artificial intelligence (AI) upgrades... -
China's $18.9 Trillion Economy Struggles with Debt, Deflation, De-risking, and Demographics China's economy unstable, youth unemployment severe. Facing 4D economic disaster: debt, deflation, deleveraging, and demographics. Real estate sector can be replaced by new growth model, but change and pain required. Concerns grow over China's policy direction. -
Apple's Vision Pro Expected to Ship 500,000-600,000 Units in 2024 Apple's mixed reality (MR) headset, the Vision Pro, is now available for pre-order ahead of its official launch next month. Apple opened online pre-orders for the Vision Pro at 5 a.m. local time on Nov. 19... -
NVIDIA's CEO Jensen Huang Goes All-In on China and Taiwan Nvidia CEO Jensen Huang is accelerating his Greater China expansion with a trip to Taiwan and China. In Taiwan, Jensen Huang was down-to-earth, enjoying oyster omelets with locals, and is expected to strengthen cooperation with TSMC... -
Elon Musk: Legalizing Tesla's Cybertruck in China Could Be a Tough Road Tesla introduced the CyberTruck late last year. The origami-like, sharp-edged design has raised pedestrian safety concerns since its launch, which is probably why it will be difficult to get the trucks on European and Chinese roads. -
Trump Effect: High-Interest Rates Attract Strong Dollar U.S. Republican presidential candidate Donald Trump's rise to prominence in his party is expected to trigger a 'Trump effect' in financial markets, with U.S. Treasury yields rising and the strong dollar returning... -
Chinese Government Takes Control Over Unregulated Electric Vehicle Projects The Chinese government will control new electric vehicle projects in the country through tough measures, the Financial Times reported on January 22, 2024... -
Hyundai Urges U.S. Government for More Time on Chinese Minerals in Electric Vehicles Hyundai Motor Group has asked the U.S. government to include key minerals for electric vehicle batteries sourced from China in its subsidy program. Hyundai suggested that China include graphite in the list of key minerals because it is difficult for other countries to replace it in the short term... -
People Worldwide Quitting Tesla – Here's Why As the Arctic cold snap gripped the United States, news broke that Tesla's electric cars were draining across the country. Consumers are quickly turning their backs on Tesla because they don't know when their batteries will die and they have to worry about charging them...
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