SEOUL, Sept. 29 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, plans to launch a new on-demand electric vehicle (EV) charging service that enables customers to have their EVs charged without limits in time and space. On Monday, Kia inked a memorandum of understanding (MOU) with battery diagnosis solution start-up MinTech [...]
SEOUL, Sept. 28 (Korea Bizwire) — Prices of domestic electric vehicles (EVs) are gaining attention following Tesla Motors Inc.’s recent announcement that it will come up with a new EV model that costs as little as US$25,000 within the next three years. Experts expect that domestic EV manufacturers will need at least four or five [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Monday unveiled the Avante N TCR racing car at the Beijing motor show ahead of its launch later this year. Hyundai will begin the sale of the Avante N TCR high-performance car built to run the Touring Car Race (TCR) to global racing [...]
SEOUL, Sept. 28 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it has shipped four hydrogen-powered vehicles to an energy company in the Middle East, paving the way for further exports of the eco-friendly vehicles. Hyundai shipped two Nexo hydrogen fuel cell electric vehicles and two Elec City hydrogen buses to [...]
SEOUL, Sept. 27 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, on Sunday unveiled two electrified models at the Beijing motor show to make inroads into the Chinese EV markets. Hyundai introduced the all-electric Prophecy concept sedan and the high-performance RM20e electric concept at the motor show, the biggest of its kind since [...]
SEOUL, Sept. 25 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea rose 2.3 percent last month from a year earlier on robust sales of Mercedes-Benz trucks, an industry association said Friday. The number of newly registered imported commercial vehicles rose to 318 units in August from 311 a year ago, the Korea [...]
SEOUL, Sept. 24 (Korea Bizwire) — Hyundai Motor Co. and LG Electronics Inc. on Thursday unveiled an interior concept for future vehicles as the two South Korean firms join hands to showcase enhanced in-car experiences. The IONIQ Concept Cabin is designed to show that future Hyundai vehicles can be a mobility solution that reflects people’s [...]
SEOUL, Sept. 23 (Korea Bizwire) — Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Wednesday it will start exporting the XM3 sport utility vehicle to Europe next year. Renault Samsung manufactures the XM3 at its sole plant in Busan, 450 kilometers south of Seoul, and the compact SUV will be sold [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korean manufacturers of electric vehicle (EV) batteries on Wednesday showed mixed reactions to Telsa’s ambitious road map to cut the cost of EV batteries in half. Tesla said its new cylindrical cells would reduce the cost per kilowatt hour by 56 percent and extend its electric vehicle range [...]
SEOUL, Sept. 23 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., unveiled its intention not to allocate a new model to one of its South Korean plants, igniting strong backlash from its labor union. During its wage negotiations with the labor union on Monday, the management of GM Korea [...]