SEOUL, June 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it will suspend its U.S. plant for three weeks due to lack of semiconductors and routine maintenance. Hyundai Motor will halt the Alabama plant for one week from June 14 on a chip shortage and two weeks from [...]
SEOUL, June 14 (Korea Bizwire) — Hyundai Motor Group’s hydrogen fuel cell system HTWO is set to make a foray into the motorsports market. The world’s fifth-largest automotive group said that it will supply a hydrogen fuel cell power generation system to the Electric Touring Car Racing (ETCR) series, with the world’s first touring race [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s exports of automobiles jumped nearly 58 percent in May on the back of strong demand for eco-friendly cars and SUVs, data showed Sunday. Outbound shipments of automobiles reached 150,894 units in May, according to the Ministry of Trade, Industry and Energy. In terms of value, exports nearly [...]
SEOUL, June 10 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday presale orders for its first all-electric model, EV6, have been fully reserved in one day in the United States. Kia sold all of the 1,500 units of the EV6 First Edition in an online preorder event in the world’s most important [...]
SEOUL, June 9 (Korea Bizwire) — Hyundai Motor Group Chairman Chung Euisun won the 2021 Autocar Awards’ top accolade, the Issigonis Trophy, for his contribution to the global automotive industry, the company said Wednesday. Named after legendary car designer Sir Alec Issigonis, the trophy is awarded by Autocar to an individual who has played a [...]
SEOUL, June 3 (Korea Bizwire) — U.S. electric vehicle maker Tesla’s newly released Model Y was the top-selling foreign car model in South Korea last month, beating German luxury brand Mercedes-Benz’s E-Class, industry data showed Thursday. A total of 3,461 Tesla’s vehicles were registered in May, sharply up from 76 in April, thanks to the [...]
SEOUL, June 3 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Thursday their combined U.S. sales jumped 65 percent last month, marking record monthly sales for a third straight month on strong sales of their SUV models. Hyundai and Kia sold a total of 170,315 vehicles in [...]
SEOUL, June 1 (Korea Bizwire) — South Korean carmakers’ sales rose 41 percent last month from a year earlier on strong overseas demand amid a quicker-than-expected recovery from the COVID-19 pandemic and a lower base effect, industry data showed Tuesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung [...]
SEOUL, June 1 (Korea Bizwire) — In the midst of the pandemic resulting in a spike in delivery demand, the size of South Korea’s small van market is growing thanks to the increasing ‘livelihood’ demand from small business owners. Sales of small vans totaled 4,373 units in the January to April period of this year, [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group’s eco-friendly vehicle exports jumped 46.6 percent in the first four months of this year compared with a year earlier, led by robust demand for its electric vehicle (EVs) and hybrid models, industry data showed Monday. The combined exports of eco-friendly models by the Korean automotive group’s [...]