SEOUL, May 10 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it has an “imminent” plan to build a new electric vehicle plant in the United States. Hyundai Motor has a plant in Atlanta, and its affiliate Kia Corp. has a factory in Georgia. The South Korean carmaker didn’t provide details [...]
SEOUL, May 4 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.8 percent last month from a year earlier as chip shortages continued to affect vehicle production, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 23,070 units last month from 25,578 units a year ago, the [...]
SEOUL, May 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 17 percent last month from a year earlier due mainly to the prolonged chip shortages. Hyundai, its independent Genesis brand, and Kia sold a total of 125,770 vehicles in the U.S. [...]
SEOUL, May 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Monday their vehicle sales continued to fall last month due to the impact of the global chip shortage on vehicle production. Hyundai Motor’s sales fell 12 percent to 308,788 vehicles from 349,184 units a year earlier, while Kia’s declined [...]
SEOUL, May 1 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Sunday it received more than 1,500 orders for its all-electric IONIQ 5 in Indonesia, less than a week after releasing the prices. Hyundai Motor received 1,587 orders for the IONIQ 5 in Indonesia from April 22-27, more than doubling overall electric [...]
SEOUL, May 1 (Korea Bizwire) — South Korea’s leading carmakers Hyundai Motor Co. and Kia Corp. saw their combined exports of eco-friendly cars top 100,000 units in the first three months of this year, thanks to the brisk sales of all-electric and plug-in hybrid vehicles, data showed Sunday. In the January-March period this year, the [...]
SEOUL, April 28 (Korea Bizwire) — The South Korean government on Thursday ordered Hyundai Motor Co. and its smaller affiliate Kia Corp. to delay their plans to enter the used car market by one year to minimize the impact of their advance on existing players. In March, the Ministry of SMEs and Startups decided not [...]
SEOUL, April 28 (Korea Bizwire) — South Korea’s exports of autos declined for the first time in seven quarters in the January-March period amid global supply chain disruptions and Russia’s war with Ukraine, customs data showed Thursday. The country’s outbound shipments of cars came to US$10.93 billion in the first quarter, down 0.6 percent from [...]
SEOUL, April 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Wednesday unveiled its first purpose-built vehicle model Niro Plus as it strives to become a future mobility solutions provider. In the 2022 CEO Investor Day last month, Kia said it will launch PBVs based on the Niro hybrid model and the 1-liter [...]
SEOUL, April 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Monday its first-quarter net profit fell 0.2 percent from a year earlier due to one-off costs amid global chip shortages. Net profit for the three months ended in March fell to 1.032 trillion won (US$825 million) from 1.035 trillion won during the [...]