SEOUL, Dec. 24 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 23 percent in November from a year earlier amid the extended COVID-19 pandemic, an industry association said Friday. The number of newly registered imported commercial vehicles declined to 360 units last month from 468 a year ago, the Korea Automobile [...]
SEOUL, Dec. 23 (Korea Bizwire) — The government unveiled a revised road map on improving regulations for self-driving cars Thursday to hasten their commercial adoption starting next year. The road map, confirmed at an interagency government meeting earlier in the day, came as South Korea is expected to see a fast adoption of autonomous driving [...]
SEOUL, Dec. 23 (Korea Bizwire) — A trial run of hydrogen-powered heavy duty trucks kicked off Thursday as part of South Korea’s broader efforts for a shift to eco-friendly vehicles in line with the carbon emission cut initiative. Five 11-ton fuel cell trucks, including Hyundai Motor Co’s Xcient, will run on roads in the Seoul [...]
SEOUL, Dec. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Thursday it will unveil its future mobility vision based on robotics technologies at an upcoming international consumer electronics event in the United States, reflecting its drive for a transition into an advanced mobility service provider. Under the theme of “Expanding Human [...]
SEOUL, Dec. 22 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Wednesday it has signed an initial pact with Chinese electric vehicle maker BYD Auto Co. for EV battery development. SsangYong Motor on Tuesday signed a memorandum of understanding with BYD Auto to develop car [...]
SEOUL, Dec. 21 (Korea Bizwire) — Hyundai Motor Group raised its global electric vehicle (EV) sales target for 2026 to 1.7 million units from 1 million units, its chief executive has said, underscoring the automaker’s push to meet the growing EV demand. Hyundai Motor CEO Chang Jae-hoon made the remark in an interview with the [...]
SEOUL, Dec. 21 (Korea Bizwire) — A majority of drivers who have purchased Kia Corp.’s all-electric EV6 sedan preferred trims offering longer range, letting them cover longer distances on a single charge. Hyundai Motor Group reported that 93.1 percent of customers who had purchased an EV6 as of last month had selected the Long Range [...]
SEOUL, Dec. 21 (Korea Bizwire) — Swedish premium electric vehicle (EV) brand Polestar announced its official launch in South Korea on Tuesday, eyeing for a firm market foothold with a plan to release four EVs over the next three years. South Korea is one of the five countries in the Asia-Pacific besides China that Polestar, [...]
SEOUL, Dec. 19 (Korea Bizwire) — A South Korean consortium led by local electric carmaker Edison Motors Co. agreed to purchase the financially-troubled SsangYong Motor Co. at a lower price with an accounting firm overseeing the sales, sources said Sunday. The move came after the Edison consortium, a preferred bidder that submitted the acquisition price [...]
SEOUL, Dec. 19 (Korea Bizwire) — Hyundai Motor Group said Sunday that environment-friendly vehicles topped 10 percent of its global car sales for the first time this year amid growing demand for electric cars. The country’s top automotive conglomerate said its two carmakers, Hyundai Motor Co. and Kia Corp., sold a total of 656,479 eco-friendly [...]