Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Foxconn Q2 Revenue Surges Nearly 40% on Strong AI Server Demand 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Hyundai Heavy Industries Co will enhance its presence in the warship market to boost sales, relying on its advanced technologies and its experience in the sector.
The company has completed a July 2016 order from the Royal New Zealand Navy for a 26,000-ton warship, which was named Aotearoa, that left Ulsan for New Zealand Tuesday.
Hyundai Heavy is anticipating more orders from New Zealand, as the latter had signed a deal with South Korea in June last year to boost cooperation in the military supplies field.
The shipbuilder is also in the early phase of designing a next-generation amphibious assault ship dubbed Landing Platform eXperimental (LPX)-Ⅱ for the South Korean Navy.
The deal for the LPX-II project, which aims to build a large-deck landing ship for fighter jets with short take-off and vertical landing capabilities, was signed in October last year.
The shipbuilder is also bidding for an order to design the South Korean Navy's 6,000-ton class destroyers, called the Korea Destroyer Next Generation.
The country's Defense Acquisition Program Administration (DAPA) will close the bidding on July 20.
The company has built about 80 warships, including the destroyer King Sejong the Great of the South Korean Navy.
Last year, Hyundai Heavy's warship sales accounted for only 8 percent of the shipbuilding revenue of 13.3 trillion won of its parent group, Korea Shipbuilding & Offshore Engineering Co.
