SEOUL, April 17 (Korea Bizwire) — Hyundai Motor will temporarily suspend domestic production of its flagship electric vehicles, the Ioniq 5 and Kona EV, as weakening overseas demand and shifting global subsidy policies weigh heavily on exports. According to industry sources on April 17, Hyundai plans to shut down Line 12 at its Ulsan Plant 1 [...]
SEOUL, April 17 (Korea Bizwire) — LG CNS Co., an information technology affiliate of South Korea’s LG Electronics Inc., said Thursday it has signed agreements to develop electric vehicle (EV) charging infrastructure and smart city solutions in the United States. Under a deal with the New York City Economic Development Corporation, LG CNS will install [...]
SEOUL, April 17 (Korea Bizwire) – Kia Corp., a smaller affiliate of South Korea’s top automaker Hyundai Motor Co., said Thursday its all-electric EV3 has been named 2025 World Car of the Year at the New York International Auto Show. The EV3′s achievement brings Kia’s number of wins at the World Car Awards to six [...]
SEOUL, April 17 (Korea Bizwire) – South Korean defense giant Hanwha Aerospace Co. said Thursday it has signed a memorandum of understanding (MOU) with a Romanian university to expand industry-academia collaborations in the Eastern European country. The trilateral agreement with the University of Science and Technology Politehnica Bucharest and South Korea’s Pusan National University aims [...]
SEOUL, April 17 (Korea Bizwire) — As speculation swirls over a potential withdrawal of General Motors (GM) from South Korea amid mounting pressure from U.S. tariff policy under the Trump administration, GM Korea has publicly rejected the rumors and reaffirmed its long-term commitment to the local market. Speaking at the media launch of Cadillac’s newly [...]
SEOUL, April 16 (Korea Bizwire) — Cadillac has officially unveiled its revamped flagship SUV, The New Escalade, in South Korea, signaling a major push to expand its luxury footprint in the competitive domestic market. At a media launch event held April 16 at the Ibex Studio in Gwangmyeong, Gyeonggi Province, the General Motors (GM) luxury brand [...]
SEOUL, April 16 (Korea Bizwire) — Senior Air Force officials from South Korea and the United Arab Emirates (UAE) on Wednesday signed a letter of intent for comprehensive cooperation on the South’s homegrown fighter jets, the South Korean Air Force said. Air Force Chief of Staff Gen. Lee Young-su and Maj. Gen. Rashed Mohammed A. [...]
SEOUL, April 16 (Korea Bizwire) — Hyundai Mobis Co. said Wednesday it plans to showcase a slate of new automotive technologies geared for the Chinese market at the upcoming Auto Shanghai 2025. The auto parts unit of South Korea’s Hyundai Motor Group will operate a 300-square-meter booth at the biennial Chinese auto trade show at [...]
SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has launched a revamped model of the company’s long-running Avante compact sedan with upgraded convenience and driver assistance systems as standard features. The new Avante includes features such as button-start ignition, a welcome lighting system and a smart trunk function as standard across [...]
SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Group on Tuesday revealed a detailed plan for its envisioned waste-to-hydrogen ecosystem project in Indonesia at the Global Hydrogen Ecosystem Summit 2025 held in Jakarta. The initiative, first announced at CES 2024, aims to create a circular hydrogen ecosystem in West Java, where Hyundai operates a major [...]