SEOUL, May 8 (Korea Bizwire) — Hyundai Motor Group’s sport utility vehicles (SUV) are driving sales in the United States, the “home of SUVs,” and are receiving high praise from both customers and automotive publications. Hyundai Motor Co. and its affiliate Kia Corp. sold 381,606 SUVs in the U.S. market from January to April, up 18.6 [...]
SEOUL, May 7 (Korea Bizwire) — Cadillac Korea announced on Sunday that it will launch LYRIQ, the brand’s inaugural all-electric vehicle, in the second half of this year. The LYRIQ is a pioneering model in General Motors’ (GM) electrification strategy, serving as the first vehicle built on GM’s cutting-edge ULTIUM electric vehicle platform. Featuring a [...]
SEOUL, May 5 (Korea Bizwire) — Hyundai Motor Group on Thursday unveiled the software-defined vehicle (SDV) technology featured in Kia Corp.’s all-electric EV9 flagship SUV. The automotive group posted a new YouTube video which showed that the EV9′s over-the-air (OTA) software update system will now cover not only core parts of the vehicle but also [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s vice industry chief asked General Motors Co. (GM) on Thursday to make an investment in production facilities for electric vehicles (EVs) in the country, as the Seoul government has extended support for nurturing the advanced industry sector, his office said. First Vice Industry Minister Jang Young-jin made [...]
SEOUL, May 4 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.4 percent last month from a year earlier due to lack of supplies in some brands and high interest rates, an industry association said Thursday. The number of newly registered imported vehicles came to 20,910 units last month, down from 23,070 [...]
SEOUL, May 4 (Korea Bizwire) — Hyundai Motor Co. on Wednesday unveiled a large hydrogen fuel cell truck model at the Advanced Clean Transportation (ACT) Expo 2023 being held in Anaheim, California. The newly-unveiled XCIENT Fuel Cell tractor weighs 37.2 tons and was developed to target the North American market, where long-distance truck transportation is [...]
SEOUL, May 2 (Korea Bizwire) — Renault Korea Motors is running a ‘Create Your SM6′ campaign until May 26, using AI technology to create personalized SM6 images and turning them into NFTs. The campaign is centered on the INSPIRE trim of the all-new SM6 TCe 300, which elevates the design and performance of the SM6 [...]
SEOUL, May 2 (Korea Bizwire) — Instead of sluggish demand for products like TVs and semiconductors, South Korea’s major tech companies are finding a new cash cow in the automotive business. Harman International, an automotive electronics subsidiary of Samsung Electronics Co., recorded sales of 3.17 trillion won ($2.36 billion) and an operating profit of 130 [...]
SEOUL, May 1 (Korea Bizwire) — As software-driven vehicles (SDVs) begin to shape the mainstream automobile landscape, more and more vehicles will be personalized to buyers’ preferences without the hassle of visiting an auto repair shop. Take the EV9, for example. Kia Corp. is set to launch its second dedicated electric vehicle, the EV9, in [...]
SEOUL, May 1 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Group could become the world’s No. 1 carmaker in terms of sales volume within a few years, a local brokerage house said Sunday. Samsung Securities Co. predicted in its latest report that the group would rise from third place last year to first [...]