South Korean chaebol steering a global auto and mobility ecosystem
Genesis unveils the GV90, its first full-size electric SUV, with the Neolun variant featuring pillarless doors and a lounge-ready cabin. The model sits at the high end of Genesis’ lineup, offering heated floors, swivel seats, and opulent amenities, with US pricing yet to be announced.
Bloomberg reports that a joint venture between Mitsubishi Electric and Sony aims to consolidate power-regulation chips central to AI infrastructure, with a 60/40 stake. Separately, Samsung will establish robotics hubs in the US, China and Japan, under RX Business Office, signaling intensified investment in AI-enabled devices and manufacturing.
Ford and Geely have unveiled a two-thirds/one-third joint venture to build five vehicles at Ford’s Valencia plant in Spain, starting 2028. The deal seeks to reassert Ford’s presence in Europe amid rising Chinese competition, cost pressures, and tightening regulations. Production of the Kuga PHEV will continue; two Geely electric SUVs will be built; a new multi-energy crossover is planned for 2028. The move signals broader global partnerships as U.S. policy tightens access for Chinese firms.