SEOUL, Dec. 17 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top carmaker, said Sunday it will join hands with the United Arab Emirates’ sovereign wealth fund as part of efforts to strengthen its presence in the eco-friendly and future mobility market. Under the memorandum of understanding, Hyundai Motor and Mubadala Investment Co. will cooperate [...]
ULSAN, Dec. 16 (Korea Bizwire) –Hyundai Motor will not run overtime shifts at its Ulsan plant for the Ioniq 5 EV this weekend. This decision comes as most local governments in South Korea have ended their electric vehicle subsidy programs for the year, leading to anticipated sales slumps in the coming months. According to automotive [...]
ULSAN, Dec. 14 (Korea Bizwire) – Hyundai Motor is set to import Sonata taxis from China following a strong reaction from the taxi industry when it announced the discontinuation of domestic production for the mid-size taxi vehicle. The decision to cease production of the seventh-generation LF Sonata for taxis was made in July of this year. [...]
SEOUL, Dec. 13 (Korea Bizwire) –On Wednesday, Mercedes-Benz announced a significant achievement for its flagship luxury sedan, the S-Class, reaching a milestone of 100,000 units in cumulative domestic sales. As reported by Mercedes-Benz Korea, the S-Class has achieved this impressive figure, totaling 100,911 units, from its fourth-generation model’s official launch in Korea in 2003 up [...]
SEOUL, Dec. 13 (Korea Bizwire) – In the South Korean automotive market, Chevrolet (a division of GM Korea) and Land Rover have been identified as the brands receiving the highest number of consumer complaints among domestic and imported cars, respectively. According to data released by the Korea Consumer Agency on December 12, there were a total [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Korea has witnessed a record number of hybrid electric vehicle (HEV) registrations this year, sparking increased interest in upcoming hybrid models. The Hyundai Motor Group recently completed the development of an advanced hybrid system with improved fuel efficiency. High expectations are set for Hyundai’s luxury brand, Genesis, to potentially [...]
SEOUL, Dec. 10 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top carmaker, and its sister company, Kia Corp., are set to post combined exports of 2 million units in 2023, data showed Sunday, on the back of the post-pandemic market recovery. Hyundai and Kia shipped 945,062 and 867,136 respective units of automobiles over the [...]
SEOUL, Dec. 9 (Korea Bizwire) – On Thursday, Hyundai Motor Group proudly announced its achievement of securing four top accolades in the 2024 Best Buy Awards by Kelley Blue Book, a prominent U.S. automotive publication. The Hyundai Ioniq 5 was acknowledged as the premier electric vehicle (EV), the Hyundai Kona claimed the title of best [...]
SEOUL, Dec. 9 (Korea Bizwire) – Kia’s expansive electric Sport Utility Vehicle (SUV), the EV9, has recently been recognized as the safest car in Europe. The announcement came on Thursday, with Kia revealing that the EV9, introduced in March of this year, has secured a five-star rating from the European New Car Assessment Program (Euro [...]
SEOUL, Dec. 8 (Korea Bizwire) – Mercedes-Benz Korea announced on Thursday the successful conclusion of this year’s Startup Autobahn Korea with an “Expo Day” held at a multicultural space in Seongdong-gu, Seoul. The event showcased the final development results of nine companies that participated in the fourth edition of the program. Established by Mercedes-Benz Group AG [...]