SEOUL, March 24 (Korea Bizwire) — Kia Corp.’s management and its sales union are in a dispute over online reservations for the EV6 all-electric model scheduled to be rolled out later this month. The sales union views EV6 pre-orders online as a sign of full-scale online sales. The carmaker’s management plans to open preliminary online [...]
SEOUL, March 24 (Korea Bizwire) — Hyundai Motor Co., South Korea’s No. 1 automaker, will explore ways to expand sales of SUVs and revitalize its sluggish Chinese business to improve profitability, its CEO said Wednesday. Hyundai Motor CEO Ha Eon-tae said the company will offer a wider range of value-added SUVs under Hyundai and its [...]
SEOUL, March 24 (Korea Bizwire) — Kia Corp.’s new large sedan, the K8, received a strong response from the domestic market, with first-day preorders setting a record high among its sedan models, the nation’s No. 2 carmaker said Wednesday. Kia started receiving orders for the K8, a direct follow-up to the K7, known as the [...]
SEOUL, March 24 (Korea Bizwire) — South Korea said Wednesday it plans to spend 1.1 trillion won (US$974 million) by 2027 to speed up the development of Level 4 self-driving vehicles and boost related technologies. At Level 4, one stage before full autonomy, the vehicle can drive itself under limited conditions and does not require [...]
SEOUL, March 23 (Korea Bizwire) — South Korean auto giant Hyundai Motor Group said Tuesday it will establish its own high-speed charging infrastructure under the brand name of “E-pit” for its electric models. Hyundai Motor Group will provide customers of its EV models with fast and convenient services at the E-pit charging stations. They can [...]
SEOUL, March 23 (Korea Bizwire) — When starting an electric vehicle (EV) or driving it at a low speed, an audible engine sound is not generated, unlike for a typical internal combustion engine. This is regarded as one of the strengths of EVs, but poses a new challenge threatening the safety of pedestrians since they [...]
SEOUL, March 22 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 24 percent in February from a year earlier on lower demand amid the extended coronavirus pandemic, an industry association said Monday. The number of newly registered imported commercial vehicles fell to 261 units last month from 344 a year earlier, [...]
SEOUL, March 19 (Korea Bizwire) — The Genesis GV80 sport utility vehicle earned the highest crash safety rating from the Insurance Institute for Highway Safety (IIHS), Hyundai Motor Co. said Friday. The South Korean carmaker produces the luxury SUV and high-end sedans under its independent Genesis brand. The IIHS has added its own seal of [...]
SEOUL, March 18 (Korea Bizwire) — Hyundai Motor Co. said Thursday it has extended its business partnership with Royal Dutch Shell Group through 2026 for cooperation in future mobility solutions. Hyundai Motor has provided Shell’s engine oil products to its global customers since 2005 through joint marketing activities, the company said in a statement. The [...]
SEOUL, March 18 (Korea Bizwire) — Kia Corp. has joined hands with a local mobility solution provider to develop a one-stop electric car pickup and charging service. South Korea’s No. 2 carmaker announced on Wednesday that it signed a memorandum of understanding (MOU) with YWMobile Co. to jointly develop an on-demand pickup and charging platform. [...]