SEOUL, July 16 (Korea Bizwire) — Hyundai Motor Group said Sunday it expects its cumulative sales in India to reach 9 million units later this year The cumulative number of Hyundai Motor Co.’s vehicles sold in India amounted to 8.69 million in June, 25 years after the automaker released the Santro, its city car model, [...]
SEOUL, July 14 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Friday its accumulated vehicle production in India has exceeded 1 million units, helped by increased sales of customized models. Kia began production at the 350,000-unit-a-year Indian plant in July 2019, starting with the Seltos subcompact SUV, the company said in [...]
SEOUL, July 14 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday it will open a popup store in Seongsu-dong, eastern Seoul to support the growth of e-sports. Named Earth 6A3, the store will feature captivating displays that take visitors on a virtual journey, immersing them in the world of professional gaming. The [...]
SEOUL, July 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Thursday unveiled the Ioniq 5 N, the first pure electric model under its high-performance N brand, as it accelerates its transition to a future mobility solutions provider. The Ioniq 5 N made its global debut at the 2023 Goodwood Festival of Speed in [...]
SEOUL, July 13 (Korea Bizwire) — KG Mobility, formerly known as SsangYong Motor Co., said Thursday it has launched the Torres sport utility vehicle in Europe as part of its expansion strategy. KG Mobility began to sell the compact SUV in Europe, starting with its launch in Poland this week, the company said in a [...]
SEOUL, July 13 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday it will invest US$200 million to produce the all-electric EV9 SUV in its U.S. plant next year. The flagship EV9 will be the first EV for Kia to be assembled in the United States, the company said in a [...]
SEOUL, July 13 (Korea Bizwire) — In response to growing consumer concerns about the possible sale of flood-damaged secondhand cars during this summer’s rainy season, South Korea’s used car platforms have launched compensation programs to alleviate consumer anxiety. K Car announced on Wednesday that it will launch of a compensation program designed to address consumer [...]
SEOUL, July 11 (Korea Bizwire) — Kia Corp. said Tuesday it has appointed Pierre-Martin Bos, a European commercial car expert, as director of the purpose built vehicle (PBV) division at its European operations. Pierre-Martin Bos began working in the newly created position, named PBV director, at Kia Europe from the regional headquarters in Frankfurt on [...]
SEOUL, July 10 (Korea Bizwire) – The preference for hybrid models among South Korean consumers has led to the share of Hyundai Motor Co.’s Grandeur sedan’s hybrid models surpassing that of internal combustion engine models. According to the carmaker, hybrid models accounted for 33,056 units or 52.5 percent of the Grandeur’s domestic sales of 62,970 units [...]
SEOUL, July 9 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung has visited Intel’s industrial campus in Ireland as part of efforts to diversify the company’s automotive semiconductor supply, the company said Sunday. Chung looked around the Fab 24 manufacturing facility at Intel’s campus in Kildare county with Intel Corporate Vice President Ann-Marie [...]