Automotive Archives | Be Korea-savvy

Archive by category Automotive

Japanese Automakers Expanding Presence in S. Korea with Hybrid Models

Japanese Automakers Expanding Presence in S. Korea with Hybrid Models

SEOUL, Jul. 14 (Korea Bizwire) — Japanese automakers are expanding their presence in South Korea, industry data showed Sunday, as the popularity of their hybrid models is rising in the imported car market. According to data from the Korea Automobile Importers & Distributors Association (KAIDA) and automakers, Japanese auto brands took a 21.5 percent share [...]

RVs Account for Nearly Half of S. Korean Automakers’ Domestic Sales in H1

RVs Account for Nearly Half of S. Korean Automakers’ Domestic Sales in H1

SEOUL, Jul. 14 (Korea Bizwire) — Recreational vehicles (RVs) accounted for nearly half of South Korean carmakers’ domestic sales in the first half of the year, industry data showed Sunday. In South Korea, SUVs and minivans are included in the RV category. According to the data, the country’s five automakers, including Hyundai Motor Co. and [...]

Hyundai’s Commercial Vehicles to be Equipped with Advanced Driver Warning System

Hyundai’s Commercial Vehicles to be Equipped with Advanced Driver Warning System

SEOUL, Jul. 14 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Sunday that, starting from 2021, it will apply an advanced forward collision avoidance system to trucks and vans produced by Hyundai Motor Co. Hyundai Mobis has developed the driver state warning (DSW) system, which detects drowsy driving or lack [...]

Electric-powered Auto Racing Series Formula E to Debut in Seoul Next Year

Electric-powered Auto Racing Series Formula E to Debut in Seoul Next Year

SEOUL, Jul. 2 (Korea Bizwire) — An electric-powered auto racing series, the ABB FIA Formula E World Championship, will be held in Seoul next year in a global event to promote environmentally friendly vehicles, the event’s organizer said Tuesday. The 2019/2020 ABB FIA Formula E Championship will take place at Jamsil Stadium and on neighboring [...]

Hyundai Signs MOU with Saudi Aramco on Hydrogen Energy

Hyundai Signs MOU with Saudi Aramco on Hydrogen Energy

SEOUL, Jun. 26 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Wednesday it has signed an initial pact with Saudi Arabia’s national oil company, Saudi Aramco, to cooperate on hydrogen energy. On Tuesday, Hyundai Motor Executive Vice Chairman Chung Euisun signed a memorandum of understanding with Ahmad A. Al-Sa’adi, senior vice president [...]