Electric Commercial Vehicle Market Size 2020 Global Business Trends, Modest Analysis, Statistics, Forecast 2020-2026

The cryptocurrency industry is bracing for a changing of the guard in Congress, as Democrats take control of both the House and Senate with a more skeptical eye toward digital assets. After a major crypto regulation bill came up short in the Senate in September, the industry sees limited prospects for the legislation in either...

The cryptocurrency industry is bracing for a changing of the guard in Congress, as Democrats take control of both the House and Senate with a more skeptical eye toward digital assets. After a major crypto regulation bill came up short in the Senate in September, the industry sees limited prospects for the legislation in either...

Shawn Dhu’s rural WA property remains a crime scene after his deadly shooting, with a 38-year-old man charged with his murder.

Two passengers suspended at the top of the SkyVista Observation Wheel, 36 metres up in the air.

Audi Korea surpassed 10,000 units in cumulative sales early this month, driven by solid sales of its redesigned A6 flagship sedan and expanded vehicle lineups with diverse powertrains, the carmaker said. The sales figure was achieved a month earlier than last year, marking the second consecutive year that the German automaker has hit the 10,000-unit sales milestone in Korea. Audi Korea is on track for a rapid sales rebound here after it revamped its overall strategy with a focus on product portfolio expansion. The carmaker introduced 16 new models last year, including flagship all-electric models — the Q6 e-tron and A6 e-tron — as well as the A5 sports sedan and Q5 SUV with internal combustion engines. The A6 sedan is particularly the key sales driver for Audi Korea, with the model's sales reaching 2,241 between January and September here, according to the carmaker. The strategy is designed to give Korean customers a broader range of choices amid rapidly diversifying preferences for powertrains, body styles and driving needs. The lineup has been further strengthened this year with the

Kia said Sunday its domestic sales of electrified vehicles surpassed 300,000 units this year as of Monday, making it the first automaker to reach the milestone in Korea in a single year. Kia, an automaking affiliate of Hyundai Motor Group, said its sales of electrified vehicles, including electric vehicles (EVs) and hybrid models, came to 300,048 units, up 41.9 percent from a year earlier. Annual sales of electrified vehicles first topped 100,000 units in 2021, reaching 109,741, before exceeding 200,000 in 2024 at 222,085. Of this year's tally, EVs accounted for 120,360 units, more than doubling from a year earlier and marking the first time an automaker has sold more than 100,000 EVs in Korea in a single year. Sales of hybrid models over the period rose 16.9 percent to 179,688 units. Kia added that its overall domestic sales this year came to 502,286 units, with electrified models accounting for 59.7 percent of the total. Among EVs, the EV3 led sales with 30,455 units, followed by the EV5 with 28,971 and the PV5 with 24,266. Among hybrid models, the Sorento hybrid posted sales of 70,176 un

SK Group Chairman Chey Tae-won urged leaders of group subsidiaries to redefine themselves as artificial intelligence (AI) companies and expand beyond chips, infrastructure and energy into AI models and services, building a growth cycle that connects the conglomerate’s businesses. According to SK Group, Sunday, Chey outlined the strategy at CEO seminar held Thursday to Saturday in Icheon, Gyeonggi Province. During the seminar, Chey highlighted the importance of an "AI flywheel" to position SK as a key player in a “token economy,” where AI computing and services are traded as resources. “We must break out of existing business frameworks and redefine ourselves as AI companies,” Chey said, urging every affiliate to find new roles beyond its traditional business and connect them to AI services and the token economy. Under the strategy, AI semiconductor capabilities would support AI factory expansion, supporting the growing demand for electricity, energy and AI services. Competitive energy supplies and wider service adoption would spur investment in AI factories and advanced chips.

South Korean shipbuilder HD Hyundai said Sunday it has launched an autonomous surface vessel (ASV) jointly developed with U.S. defense firm Anduril Industries as it seeks to expand into the U.S. market for unmanned naval vessels. HD Hyundai and Anduril held a launching ceremony at HD Hyundai Heavy Industries' shipyard in Ulsan, about 310 kilometers southeast of Seoul, on Thursday. The 600-ton ASV is equipped with VAone, an autonomous navigation solution developed by HD Korea Shipbuilding & Offshore Engineering, and Anduril's Lattice platform, enabling it to conduct reconnaissance, surveillance and maritime intelligence-gathering missions without a crew. HD Hyundai plans to conduct sea trials off Ulsan before further testing in the U.S. early next year to gather operational data as it seeks to enter the U.S. Navy's unmanned vessel market. The U.S. Navy is pursuing a hybrid fleet of manned and unmanned vessels to strengthen its maritime capabilities. In September, it announced plans to procure 30 medium-sized ASVs. The latest launch follows a demonstration by HD Hyundai and Anduril of a 368

LG Electronics’ Tennessee plant surpassed 10 million units in cumulative production, playing a pivotal role in helping the company secure the top spot in the U.S. laundry appliance market. The company said Sunday it held a ceremony to congratulate the production of the 10 millionth unit at the plant participated by local officials and LG Electronics executives. LG Electronics built its Tennessee plant on a 1.25 million-square-meter site in Clarksville, Tennessee in 2018. Since then, the company has invested approximately $500 million in expanding facilities and improving manufacturing processes. The plant began producing washing machines in November 2018, followed by dryers in 2022 and wash towers in 2023. Its annual production capacity now stands at 2.25 million units, more than four times its 2019 level, comprising 1.55 million washing machines and 700,000 dryers. The expansion has established the plant as LG Electronics’ key local manufacturing and supply hub. LG Electronics’ washing machines and dryers accounted for 17.2 percent and 17.4 percent of the U.S. market, respectively

Anthropic's planned initial public offering (IPO) is drawing a muted response in Korea despite expectations it could raise a record-high $90.4 billion, as local brokerages and asset managers shy away from the deal following fallout from SpaceX's IPO, industry officials said Sunday. There were no Korean brokerages among the 22 underwriters named in Anthropic's S-1 registration statement filed with the U.S. Securities and Exchange Commission. Korean retail investors are therefore unlikely to gain access to shares through the IPO. Those in Korea will still be able to invest through exchange-traded funds (ETFs). Major asset managers, including Mirae Asset, KB, NH-Amundi and Samsung Asset Management, have launched a range of related ETFs since news of Anthropic's IPO plan emerged. The funds have provisions allowing index committees to consider adding AI companies such as Anthropic once they go public in the U.S. Still, asset managers are taking a cautious approach to launching and promoting the products, emphasizing broader investment themes such as U.S. technology, large language models and

The Korean government said Nvidia's existing partnership commitments to Korea remain intact despite disgraced CEO Jensen Huang's departure from the artificial intelligence (AI) giant. However, uncertainties linger as remarks by Elon Musk and others suggest that much of the cooperation may have relied on Huang's personal verbal commitments. The Ministry of Science and ICT said it held a meeting with Nvidia officials Friday, a day after Huang resigned as the company's CEO, and confirmed that plans to supply graphics processing units (GPUs) to Korea and other collaborative projects remain on track. “The second vice minister presided over a meeting with Nvidia and reconfirmed that the company plans to proceed with the supply of 260,000 GPUs and cooperation with Korean companies as previously announced,” Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon wrote on Facebook Friday. “We also agreed to continue ongoing projects, including connecting Korean AI chips with Nvidia's platform through NVLink, building AI computing infrastructure, conducting joint research on ph

Megaspeed, the Singaporean company caught in the Nvidia controversy, has pushed back against reported claims about its supply chain practices and distanced itself from former executive Alice Huang. The firm said in a statement on Sunday that it “conducts legitimate and lawful business” and had hired external legal counsel to investigate media reports concerning its business, supply chain and global operations. Megaspeed said Huang officially left the company on August 30, 2025, and no role...