SEOUL, Nov. 9 (Korea Bizwire) — Consumers likely have to wait 12 months at most to buy a popular brand vehicle amid auto chip shortage. Imported car sale platform Getcha reported that it will take more than one year for the GV60, the first dedicated electric vehicle of Hyundai Motor Group’s luxury Genesis brand, to [...]
SEOUL, Nov. 4 (Korea Bizwire) — Hyundai Motor Co. on Thursday released a teaser for the electric SUV concept “Seven” ahead of its unveiling in the United States this month. The large-size SUV concept built on Hyundai Motor Group’s dedicated EV platform, called E-GMP, comes with the group’s IONIQ battery EV brand’s signature design elements, [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea aims to replace most of its diesel-powered train cars with electric ones by 2030 as part of its broad carbon neutrality push. The country has 15,732 train cars that include 358 diesel ones. Out of the diesel rail cars, the country plans to initially replace 162 rail [...]
SEOUL, Nov. 4 (Korea Bizwire) — While overall sales in the global automotive industry have plummeted, demand for imported electric vehicles (EVs) among South Korean consumers continues to grow, with no signs of the market cooling down. One-third of electric cars sold through the third quarter this year were imported cars, with Tesla Inc. leading [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korean automaker Hyundai Motor Group is teaming up with Seoul National University, one of the country’s higher education institutions, to develop next-generation battery technology for use in future electric vehicles (EVs). On Wednesday, the two parties signed a memorandum of understanding for the establishment of a center for [...]
SEOUL, Nov. 3 (Korea Bizwire) — The government will seek punitive measures against South Korean units of Mercedes-Benz and Stellantis for manipulating emissions control systems in diesel vehicles, officials said Wednesday. The Ministry of Environment announced Mercedes-Benz Korea and Stellantis Korea were found to have tampered with pollution mitigation devices so they would perform at [...]
SEOUL, Nov. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 23 percent in October from a year earlier as a global chip shortage caused a lack of supplies, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 18,764 units last month from 24,257 a year ago, [...]
SEOUL, Nov. 3 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 4.1 percent last month from a year earlier due to a lack of semiconductor parts. Hyundai and Kia sold 108,828 vehicles in the world’s most important automobile market in October from [...]
SEOUL, Nov. 2 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Tuesday it has recently begun supplying tires for Nissan Motor Corp.’s Frontier pickup truck. Hankook Tire has provided the high-performance Dynapro HT and Dynapro AT2 SUV tires in the form of original equipment (OE) products for the [...]
SEOUL, Nov. 2 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Tuesday its annual sales of eco-friendly vehicles will likely exceed 100,000 units this month amid their growing popularity here. It would mark the first time that Hyundai’s annual sales of green vehicles have surpassed the 100,000-unit level. The projection comes as [...]