| Mobile Web

Search results for SoCar

Mobility

Socar to set up autonomous driving unit led by CEO Park Jae-wook

Socar will set up an independent company dedicated to autonomous driving services in May, the firm said on Wednesday. It will spin off a unit aimed at commercialising autonomous driving based on its car-sharing platform capabilities, with an investment size of 150 billion won. CEO Park Jae-wook, who has led the new autonomous driving business since January, will also serve as head of the new entity. Krafton will join as a strategic investor.

Games & Commerce

Krafton says quarterly results hit record high as PUBG IP sales top 1 trillion won

Krafton said it posted record quarterly revenue and operating profit on solid growth in its PUBG: Battlegrounds intellectual property. It said first-quarter sales rose 56.9 percent from a year earlier to 1.37 trillion won and operating profit rose 22.8 percent to 561.6 billion won. PUBG franchise revenue topped 1 trillion won for the first time. The company also outlined plans spanning new game IP, its Raon AI models and a joint venture for autonomous driving services.

Industry

Mobility hot issues: Tesla beats expectations despite AI and robotics burden; Sony-Honda EV exit

Tesla reported first-quarter results that beat market expectations despite concerns about slowing electric vehicle demand. Revenue rose to $22.39 billion from a year earlier, while expanded capital spending focused on AI and robotics is adding to financial pressure. The company also faces controversy over cash flows, putting the balance between growth strategy and profitability in focus. Separately, Sony Group and Honda decided to effectively suspend their EV joint venture, and GM halted plans for a next-generation revamp of large electric pickups and SUVs.