Seoul, Jan 18 (IANS) Hyundai Motor and its sister firm Kia posted a record combined market share in the United States in 2025, buoyed by expanded local production and strong hybrid vehicle sales, despite Washington’s aggressive tariff measures, officials said on Sunday.The two South Korean automakers sold a combined 1.84 million vehicles in the U.S. last year, accounting for a record market share of 11.3 per cent, according to data from market watcher Wards Intelligence and industry sources, rep…
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Seoul, Dec 26 (IANS) South Korean battery maker LG Energy Solution Ltd. said on Friday it has agreed with a US company to terminate a supply contract signed in 2024 by mutual consent.In a regulatory filing, LG Energy Solution said it has canceled the supply deal worth 3.9 trillion won ($2.69 billion) signed with U.S.-based battery pack producer Freudenberg Battery Power System (FBPS) LLC.LG Energy Solution said the termination came as FBPS decided to pull out from the battery industry, reports Y…