Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Hyundai Motor Group and Seoul National University have signed a memorandum of understanding (MOU) for the joint development of next-generation of batteries. The two parties will work together to secure and improve key battery technologies.
For this partnership, Hyundai Motor opened the Joint Battery Research Center at SNU with the aim of successful cooperation to achieve carbon neutrality and a growing battery research ecosystem. The facility was built with a space of 901 square meters that covers three floors.
The building has seven research laboratories for the development and analysis of batteries. It was revealed that Hyundai Motor and SNU will jointly work on about 22 research projects that are mainly focused on four units, including solid-state batteries and lithium metal.
According to The Korea Economic Daily, Hyundai Motor and the Seoul National University held an opening ceremony for their Joint Battery Research Center on Tuesday this week. The event was attended by the automaker’s chairman, Chung Euisun, and SNU’s president, Ryu Hong Lim.
In his congratulatory speech during the event, Ryu stated, “The Joint Battery Research Center will be the starting point for battery technology with improved performance and robust safety in line with Hyundai Motor Group’s preemptive innovation in the field of electrification.”
He added, “We expect that the best faculty and graduate students will create synergy with Hyundai Motor Group’s competent researchers, laying the groundwork for various innovations ranging from the basics of batteries to applications.”
Hyundai Motor’s chairman also said in a press release that their “mission to develop a diverse range of mobility solutions equipped with advanced batteries is driven by our strong commitment to a sustainable environment for future generations. Through pioneering joint research and development efforts, we hope to empower all researchers to lead the way in propelling the transition to electrification of the mobility industry.”
Photo by: Hyundai Motor Press Release
