SEOUL, May 31 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it will suspend the operation of one of its eight domestic plants during the second half of this year in preparation for electric vehicle (EV) production. Kia, a smaller affiliate of Hyundai Motor Co., will begin the construction Thursday to change [...]
SEOUL, May 30 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year. The EV target figure accounts for 16 percent of Kia’s sales target of 578,000 vehicles in Europe this year, the [...]
SEOUL, May 30 (Korea Bizwire) — The number of connected cars in South Korea has surpassed 7 million, which accounts for one out of every four cars on the road. A connected car refers to a vehicle that is equipped with wireless connectivity both inside and outside the vehicle. This enables new functionality such as [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s Hyundai Motor Group and LG Energy Solution Ltd. said Friday they will invest 5.7 trillion won (US$4.3 billion) in a battery cell plant in the United States in the latest move to better deal with the Inflation Reduction Act (IRA) amid growing demand for electric vehicles. The [...]
SEOUL, May 26 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Thursday it has developed a next-generation headlamp called the HD Lighting System. The system can project driving information onto the road surface, including upcoming road construction and the speed limit. It utilizes front camera sensors or navigation to detect [...]
SEOUL, May 26 (Korea Bizwire) – Hyundai Motor Group announced on Thursday its participation in the World Climate Industry Expo held in Busan, where it will showcase a range of carbon-neutral future mobility technologies and hydrogen fuel cell innovations. At the expo, Kia Corp. will prominently feature its all-electric EV9 flagship SUV at the forefront [...]
SEOUL, May 25 (Korea Bizwire) — BMW unveiled the eighth generation of its flagship premium business sedan, the New 5 Series on May 24. The car is longer, wider, taller, and offers increased interior space compared to the previous generation. The front design features modern interpretations of BMW’s signature double headlights and kidney grille. Advanced [...]
SEOUL, May 23 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. have introduced an innovative “Stepless Swing & Sliding Door Technology” for truck beds, aiming to enhance convenience and efficiency. This groundbreaking development allows the side doors of the cargo area to function as both sliding and swing doors, offering flexibility in loading and unloading goods. Traditionally, [...]
COMO, May 19 (Korea Bizwire) — Hyundai Motor Company held the Hyundai Reunion event on May 18 (local time) in Lake Como, Italy, where they unveiled the restored Pony Coupe concept. The event showcased Hyundai’s heritage and future direction, with the presence of Chairman Chung Eui-sun and key employees. The Pony Coupe Concept, originally [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s Hyundai Motor Co. and its smaller affiliate Kia Corp. said Friday they have agreed to a US$200 million settlement in a class-action lawsuit filed by U.S. consumers over a series of car thefts of their vehicles. The consumer settlement covers U.S. owners of about 9 million Hyundai [...]