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South Korean Battery Makers Pivot to LFP and ESS Amid Evolving Demand

South Korean Battery Makers Pivot to LFP and ESS Amid Evolving Demand

POSCO Future M and LG Energy Solution have signed a preliminary agreement to supply 720,000 tons of cathode and anode materials over seven years, marking a strategic shift toward energy storage systems and affordable electric vehicles.

Park Hae-soo, Reporter2026-11-01 00:45:09
Renewable Energy Growth Faces First Potential Slowdown in Five Years Due to Grid Bottlenecks

Renewable Energy Growth Faces First Potential Slowdown in Five Years Due to Grid Bottlenecks

Global renewable energy installations hit a record 692 GW last year, driven largely by China, but are projected to decline this year amid a widening grid capacity mismatch. With connection backlogs exceeding 2,500 GW worldwide, experts warn that global grid investments must surge by 50% through 2030 to sustain the green transition.

Kim Jeong-eun, Reporter2026-10-29 00:04:24
GM Pivots to Hybrids: Intensifying SUV Rivalry with Hyundai Motor and Kia in the U.S.

<<<EXCEPT>>>
General Motors is shifting its product strategy to incorporate hybrid technology into its flagship SUV lineup, setting the stage for a head-to-head battle with Hyundai Motor and Kia in the competitive U.S. large SUV market.

<<<CONTENT>>>
<blockquote><p><span>GM to introduce hybrid variants for three flagship SUV models; redirects $500 million in EV production subsidies.</span></p><p><span>Hyundai Motor and Kia report a 53% surge in hybrid sales, signaling a direct confrontation in the large SUV segment.</span></p></blockquote>

<p>General Motors (GM), the largest automaker in the United States, is moving to integrate hybrid powertrains into its flagship sports utility vehicles (SUVs). As the company modifies its long-standing focus on all-electric vehicles (EVs), it is preparing for an intensifying battle with Hyundai Motor and Kia in the U.S. large SUV market.</p>

<p>Hyundai Motor and Kia have already secured a firm foothold in the market, having aggressively expanded their hybrid sales in the U.S. this year. The new hybrid models GM is pursuing are set to compete directly against key rivals such as the Hyundai Palisade and Kia Telluride.</p>

<h3>GM Shifts Strategy: Hybrid Expansion for Flagship SUVs</h3>

<p>Reuters reported on the 27th (local time), citing multiple sources, that GM is planning to produce hybrid versions of the Chevrolet Traverse, Buick Enclave, and GMC Acadia at its Lansing, Michigan facility. These three models share a common platform and serve as the core of GM's U.S. lineup.</p>

<p>Following the report, GM confirmed its investment plans to prepare its Lansing Delta Township plant for hybrid production. This marks a strategic shift for an automaker that had previously been heavily centered on pure battery-electric vehicles.</p>

<p>The company’s capital allocation is also reflecting this pivot. The U.S. Department of Energy is reportedly reallocating $500 million, originally intended to support GM's EV manufacturing transition, toward the hybrid production efforts at the Lansing plant. GM already recorded $3.6 billion in costs related to its EV strategy adjustments between January and September of this year.</p>

<p>During the third-quarter earnings call on the 20th, GM CEO Mary Barra stated, "We will introduce hybrid models in the major segments where we compete," confirming that the company intends to add hybrids to its core product offerings alongside its existing EV investments.</p>

<p>GM’s U.S. market share stood at 16.4% from January to September this year, a 0.7 percentage point decline from 17.1% in the same period last year. While competitors like Toyota and Honda expanded their influence in the U.S. by leveraging popular hybrid models, GM struggled with a lack of relevant vehicle offerings.</p>

<p>Rising gasoline prices in the U.S. have fueled consumer demand for hybrids. In August, hybrid vehicles accounted for 19% of new car retail sales, up from roughly 16% prior to the start of the Iran conflict. GM dealers have increasingly voiced concerns over the lack of hybrid options on their lots.</p>

<p>GM is prioritizing large SUVs for its hybrid rollout—vehicles characterized by their size and frequent use for long-distance driving. By adding hybrid powertrains to existing gasoline models, the company aims to capture fuel-conscious consumers.</p>

<h3>Hyundai Motor and Kia Lead with 53% Growth in Hybrid Sales</h3>

<p>Hyundai Motor and Kia entered the U.S. large SUV hybrid market well ahead of GM. The two companies saw their combined U.S. sales reach 506,200 units in the third quarter, a 5.4% increase year-on-year. Notably, hybrid sales climbed 53.4% to 138,112 units, accounting for 27.3% of total sales, while EV sales fell by 51% to 22,311 units.</p>

<p>Sales of large SUVs also showed strong growth. In September, the Palisade saw sales rise 52.1% year-on-year to 10,327 units, while the Telluride increased 41.9% to 11,927 units. Both models compete in the exact family-SUV segment that GM is now looking to penetrate with its new hybrids.</p>

<p>To support this growth, the companies are expanding local production. Hyundai is strengthening hybrid output at its Alabama plant and the new Georgia Metaplant, while Kia continues to produce the Telluride hybrid at its Georgia facility.</p>

<p>The 2027 Palisade Hybrid is priced starting at $44,560 in the U.S., offering an EPA-estimated combined fuel economy of 34 mpg for the front-wheel-drive trim. The Telluride hybrid starts at $46,490, delivering 35 mpg and a maximum output of 329 horsepower.</p>

<p>Hyundai Motor plans to increase its North American hybrid lineup to more than 10 models by 2030 and aims to raise the share of hybrids in its total sales to 50%.</p>

<p>As GM moves to bring the Traverse, Enclave, and Acadia into the fold, they are entering a segment where Hyundai Motor and Kia have already established a strong competitive advantage. While GM has not yet disclosed a specific launch schedule for its new hybrids, the battle over price and fuel efficiency in the U.S. large SUV market is expected to intensify significantly.</p>

[SOURCE]

GM Pivots to Hybrids: Intensifying SUV Rivalry with Hyundai Motor and Kia in the U.S. <<<EXCEPT>>> General Motors is shifting its product strategy to incorporate hybrid technology into its flagship SUV lineup, setting the stage for a head-to-head battle with Hyundai Motor and Kia in the competitive U.S. large SUV market. <<<CONTENT>>> <blockquote><p><span>GM to introduce hybrid variants for three flagship SUV models; redirects $500 million in EV production subsidies.</span></p><p><span>Hyundai Motor and Kia report a 53% surge in hybrid sales, signaling a direct confrontation in the large SUV segment.</span></p></blockquote> <p>General Motors (GM), the largest automaker in the United States, is moving to integrate hybrid powertrains into its flagship sports utility vehicles (SUVs). As the company modifies its long-standing focus on all-electric vehicles (EVs), it is preparing for an intensifying battle with Hyundai Motor and Kia in the U.S. large SUV market.</p> <p>Hyundai Motor and Kia have already secured a firm foothold in the market, having aggressively expanded their hybrid sales in the U.S. this year. The new hybrid models GM is pursuing are set to compete directly against key rivals such as the Hyundai Palisade and Kia Telluride.</p> <h3>GM Shifts Strategy: Hybrid Expansion for Flagship SUVs</h3> <p>Reuters reported on the 27th (local time), citing multiple sources, that GM is planning to produce hybrid versions of the Chevrolet Traverse, Buick Enclave, and GMC Acadia at its Lansing, Michigan facility. These three models share a common platform and serve as the core of GM's U.S. lineup.</p> <p>Following the report, GM confirmed its investment plans to prepare its Lansing Delta Township plant for hybrid production. This marks a strategic shift for an automaker that had previously been heavily centered on pure battery-electric vehicles.</p> <p>The company’s capital allocation is also reflecting this pivot. The U.S. Department of Energy is reportedly reallocating $500 million, originally intended to support GM's EV manufacturing transition, toward the hybrid production efforts at the Lansing plant. GM already recorded $3.6 billion in costs related to its EV strategy adjustments between January and September of this year.</p> <p>During the third-quarter earnings call on the 20th, GM CEO Mary Barra stated, "We will introduce hybrid models in the major segments where we compete," confirming that the company intends to add hybrids to its core product offerings alongside its existing EV investments.</p> <p>GM’s U.S. market share stood at 16.4% from January to September this year, a 0.7 percentage point decline from 17.1% in the same period last year. While competitors like Toyota and Honda expanded their influence in the U.S. by leveraging popular hybrid models, GM struggled with a lack of relevant vehicle offerings.</p> <p>Rising gasoline prices in the U.S. have fueled consumer demand for hybrids. In August, hybrid vehicles accounted for 19% of new car retail sales, up from roughly 16% prior to the start of the Iran conflict. GM dealers have increasingly voiced concerns over the lack of hybrid options on their lots.</p> <p>GM is prioritizing large SUVs for its hybrid rollout—vehicles characterized by their size and frequent use for long-distance driving. By adding hybrid powertrains to existing gasoline models, the company aims to capture fuel-conscious consumers.</p> <h3>Hyundai Motor and Kia Lead with 53% Growth in Hybrid Sales</h3> <p>Hyundai Motor and Kia entered the U.S. large SUV hybrid market well ahead of GM. The two companies saw their combined U.S. sales reach 506,200 units in the third quarter, a 5.4% increase year-on-year. Notably, hybrid sales climbed 53.4% to 138,112 units, accounting for 27.3% of total sales, while EV sales fell by 51% to 22,311 units.</p> <p>Sales of large SUVs also showed strong growth. In September, the Palisade saw sales rise 52.1% year-on-year to 10,327 units, while the Telluride increased 41.9% to 11,927 units. Both models compete in the exact family-SUV segment that GM is now looking to penetrate with its new hybrids.</p> <p>To support this growth, the companies are expanding local production. Hyundai is strengthening hybrid output at its Alabama plant and the new Georgia Metaplant, while Kia continues to produce the Telluride hybrid at its Georgia facility.</p> <p>The 2027 Palisade Hybrid is priced starting at $44,560 in the U.S., offering an EPA-estimated combined fuel economy of 34 mpg for the front-wheel-drive trim. The Telluride hybrid starts at $46,490, delivering 35 mpg and a maximum output of 329 horsepower.</p> <p>Hyundai Motor plans to increase its North American hybrid lineup to more than 10 models by 2030 and aims to raise the share of hybrids in its total sales to 50%.</p> <p>As GM moves to bring the Traverse, Enclave, and Acadia into the fold, they are entering a segment where Hyundai Motor and Kia have already established a strong competitive advantage. While GM has not yet disclosed a specific launch schedule for its new hybrids, the battle over price and fuel efficiency in the U.S. large SUV market is expected to intensify significantly.</p> [SOURCE]

GM seeks to introduce hybrids for three flagship SUVs... The $500 million subsidy for electric vehicle production also shifted to Hyundai Motor·Kia hybrid sales increased by 53%... Foreshadowing head-on competition in the large SUV market General Motors (GM), the largest automobile company in the United States, is pushing to introduce hybrids in its flagship sports utility vehicles (SUVs). in electric cars

Kim Jeong-eun, Reporter2026-10-28 05:15:28
Big Tech ramps up AI investment while trimming legacy staff, reshaping the labor landscape

Big Tech ramps up AI investment while trimming legacy staff, reshaping the labor landscape

Major U.S. technology companies are simultaneously ramping up investments in artificial intelligence and downsizing their traditional workforces. While pouring massive capital into data centers and semiconductors, firms are increasingly cutting headcount or reassigning employees in customer support and administrative roles as AI reshapes the corporate labor landscape.

Lee Kyung-hee, Reporter2026-10-27 23:59:24
How Indie Brands Reshaped K-Beauty: Growth Engine Shifts to Manufacturing and Distribution

How Indie Brands Reshaped K-Beauty: Growth Engine Shifts to Manufacturing and Distribution

Driven by product competitiveness and social media proliferation, emerging K-beauty indie brands are conquering the US and European markets. With small and medium-sized enterprises (SMEs) accounting for over 70% of cosmetics exports, original design manufacturers (ODMs) and distributors are experiencing a synchronized boom.

Kim Jeong-eun, Reporter2026-10-25 00:36:28
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