BUSAN, May 18 (Korea Bizwire) — Renault Korea Motors, the South Korean unit of Renault S.A., has said it is developing a new SUV in a joint project with a Chinese automaker initially for a domestic launch next year. Renault Korea said it will collaborate with Geely Automobile Holdings, China’s largest privately owned automotive group, [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it will launch the G70 and G70 Shooting Brake upgraded models in the domestic market. Beginning Friday, the G70 sedan will be available with a 2.5-liter gasoline turbocharged engine or a 3.3-liter gasoline turbocharged engine, with the G70 Shooting Brake equipped with [...]
SEOUL, May 17 (Korea Bizwire) — MINI, the premium small car brand of the BMW Group, has launched its latest electric vehicle model, the 2024 MINI Electric, in Korea. The car is available for sale through MINI Korea’s online sales channel, the MINI Shop website from May 17. Equipped with advanced features like active cruise [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it will introduce two all-electric models in Japan by early next year in efforts to gain a share in the neighboring market. Hyundai Motor plans to launch the Kona Electric this fall and the high-performance IONIQ 5 N model early next year, [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s car exports surged 40.3 percent on-year in April on the back of solid demand for eco-friendly cars, the industry ministry said Tuesday. The value of outbound shipments of automobiles came to US$6.16 billion last month, compared with $4.4 billion a year earlier, according to the data from [...]
SEOUL, May 16 (Korea Bizwire) — Kia Corp. will build a new electric vehicle (EV) plant in northern Mexico, a Mexican governor said Tuesday. “More good news! Nuevo Leon consolidates as the ELECTROMOBILITY HUB: KIA once again bets on Nuevo Leon with an investment to expand its plant and produce two KIA car models,” Samuel [...]
SEOUL, May 15 (Korea Bizwire) — BMW Group Korea said Monday it has started the construction of a new research and development center near Seoul to strengthen cooperation with South Korean partners in future mobility solutions. In 2015, the German carmaker opened an R&D unit within the BMW Driving Center in Incheon, 27 kilometers west [...]
SEOUL, May 12 (Korea Bizwire) — Hyundai Motor Co. is set to carve a dominant niche in the thriving Indian auto market. The automaker announced on Thursday that it had signed a memorandum of understanding (MOU) with the Tamil Nadu State Government to inject 200 billion rupees (US$2.43 billion) into the country’s economy over the [...]
SEOUL, May 12 (Korea Bizwire) — Sedans are losing ground at a rapid pace in the South Korean car market as the share of sport utility vehicles (SUVs) expands due to their larger interior space, convenient functions, and leisure-friendly lifestyle. The share of SUVs among new car sales in the country has been on an [...]
SEOUL, May 8 (Korea Bizwire) — Toyota Korea is opening pre-orders on May 8 for its flagship Crown model, with an official launch date of June 5. The Crown is Toyota’s first mass-produced model, introduced in 1955, and has been released until the 16th generation last year. It is a crossover model that combines a [...]