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Hyundai Motor Introduces Revamped Ioniq 5 EV

Hyundai Motor Introduces Revamped Ioniq 5 EV

SEOUL, Mar. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can travel up [...]

Eco-friendly Car Registrations Overtake LPG Models for 1st Time in 2023: Data

Eco-friendly Car Registrations Overtake LPG Models for 1st Time in 2023: Data

SEOUL, Mar. 4 (Korea Bizwire) — The number of eco-friendly car registrations in South Korea surpassed that of liquefied petroleum gas (LPG) models for the first time last year, according to data Monday. According to data from the Ministry of Land, Infrastructure and Transport, cumulative registration of domestic eco-friendly cars, such as hybrids, electric and [...]

Imported Car Purchases by People in 20s, 30s Fall 18 Pct in 2023

Imported Car Purchases by People in 20s, 30s Fall 18 Pct in 2023

SEOUL, Feb. 29 (Korea Bizwire) — Imported car purchases among those in their 20s and 30s fell nearly 18 percent on-year in 2023 amid a slowdown of the economy and high interest rates, industry data showed Thursday. According to data from the Korea Automobile Importers & Distributors Association, the number of newly imported cars registered [...]

Imported Electric Vehicles Priced Over Twice as Much as Domestic Models in South Korea

Imported Electric Vehicles Priced Over Twice as Much as Domestic Models in South Korea

SEOUL, Feb. 28 (Korea Bizwire) –A recent report has highlighted a significant price disparity between imported and domestic electric vehicles (EVs) in South Korea, with imported models costing more than double on average. The study, conducted by the Korea Automobile Mobility Industry Association (KAMA) and the Korea Imported Automobile Association (KAIDA), also revealed that the [...]

Hyundai, Kia’s Overseas Car Production Tops 3.68 Mln Units in 2023: Data

Hyundai, Kia’s Overseas Car Production Tops 3.68 Mln Units in 2023: Data

SEOUL, Feb. 26 (Korea Bizwire) — The combined overseas production of Hyundai Motor Co. and Kia Corp. surpassed 3.68 million units in 2023, setting the biggest offshore output since the outbreak of the COVID-19 pandemic, data showed Monday. According to data from the Korea Automobile Manufacturers Association, Hyundai Motor and Kia, South Korea’s leading automakers, [...]

Hyundai Motor, Kia’s Car Production in India Reaches Record 1.08 Mln Units in 2023

Hyundai Motor, Kia’s Car Production in India Reaches Record 1.08 Mln Units in 2023

SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Group’s output at its car manufacturing plants in India has reached a record 1.08 million units last year, surpassing the 1 million unit milestone for the second year in a row, industry data showed Thursday. According to data from the Korea Automobile Manufacturers Association, Hyundai produced 765,000 [...]

Hyundai’s High-Performance Ioniq 5N Crowned ‘Car of the Year 2024′ by Korean Automotive Journalists

Hyundai’s High-Performance Ioniq 5N Crowned ‘Car of the Year 2024′ by Korean Automotive Journalists

SEOUL, Feb. 22 (Korea Bizwire) – Hyundai’s high-performance electric vehicle, the Ioniq 5N, has been named the ‘Car of the Year 2024′ by a group of automotive journalists in South Korea. The accolade was announced by the Korea Automobile Journalists Association, which comprises 58 media outlets including newspapers, broadcasts, telecommunications, and specialized magazines.  The Ioniq 5N [...]

Tmap Navigation Embraced by Foreign Carmakers for Better Compatibility with Local Roads

Tmap Navigation Embraced by Foreign Carmakers for Better Compatibility with Local Roads

SEOUL, Feb. 16 (Korea Bizwire) – A number of foreign carmakers in Korea are integrating Tmap navigation systems due to customer complaints about the inadequacy of foreign-made navigation software with Korean road conditions. Recognizing that Tmap’s real-time traffic information and local features better suit Korean consumers, Mercedes-Benz has recently equipped its new E-Class model with Tmap [...]