SEOUL, April 14 (Korea Bizwire) — Hyundai Motor Co.’s IONIQ 5 has been named World Car of the Year at the 2022 World Car Awards, beating models from sister brand Kia Corp. and Ford Motor Co. to claim the overall crown. The all-electric crossover beat Kia’s EV6 pure electric sedan and Ford’s Mustang Mach-E SUV. [...]
SEOUL, April 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. — South Korea’s two biggest carmakers — said Thursday they have unveiled their face-lifted SUV models amid robust demand for SUVs at the New York International Auto Show this week. Hyundai revealed the upgraded Palisade SUV at the show ahead of [...]
SEOUL, April 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will invest 370 billion won (US$300 million) in its U.S. plant to begin the production of environment friendly vehicles there later this year. Hyundai Motor will upgrade the existing assembly lines of its Alabama plant for the production of the Santa [...]
SEOUL, April 13 (Korea Bizwire) — Hyundai Motor Group Chairman Euisun Chung won the Visionary of the Year at the inaugural Newsweek World’s Greatest Auto Disruptors Award event, the company said Wednesday. The Visionary of the Year award is given to a leader who is taking significant actions to shape the future of the automotive [...]
SEOUL, April 13 (Korea Bizwire) — Hyundai Motor Group launched a new service that enables users to open and start a car even if they just have their smartphone in a bag or pocket. The South Korean auto giant announced that it recently launched a non-contact “Digital Key 2″ service using ultra-wideband (UWB) technology. Starting [...]
SEOUL, April 12 (Korea Bizwire) — BMW Group Korea said Monday it has signed a memorandum of understanding with South Korea’s state power firm Korea Electric Power Corp. (KEPCO) for joint development of a next-generation “plug-and-charge” electric vehicle (EV) charging service. The plug-and-charge service allows for one-stop processing of user identification and payment by simply [...]
SEOUL, April 12 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Tuesday it started supplying tires for Mercedes-Benz’s S-Class sedan last year. Hankook Tire has been providing the high-performance tires, including Ventus S1 Evo3 and Ventus S1 Evo3 run-flat products, since early last year in the form of [...]
SEOUL, April 12 (Korea Bizwire) — Hyundai Motor Group has developed an electric vehicle (EV) charging service platform that will be installed in the company’s future super-speed charging stations. The South Korean automaking titan announced on Monday the development of E-pit Charging Service Platform (E-CSP), a charging platform for EVs. E-CSP consists of a control [...]
SEOUL, April 10 (Korea Bizwire) — Over 1 in 5 vehicles sold by Hyundai Motor Co. and its smaller affiliate Kia Corp. so far this year have been eco-friendly cars, backed by their growing popularity, industry data showed Sunday. The two South Korean automakers sold a combined 64,417 hybrid and electric vehicles in the January-March [...]
SEOUL, April 9 (Korea Bizwire) — Ssangbangwool Group, a South Korean underwear company, said Friday it has submitted a letter of intent (LOI) to buy the debt-ridden automaker SsangYong Motor. Ssangbangwool’s bid came as a deal to buy SsangYong Motor by local electric bus and truck maker Edison Motors Co. collapsed late last month after [...]