SEOUL, Jan. 24 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Group said Tuesday its total global sales of electric vehicles had exceeded 1 million units as of 2022, 11 years after the conglomerate entered the market. Hyundai Motor Co. and Kia Corp. saw their accumulative sales of EVs reach 1.02 million units as [...]
SEOUL, Jan. 18 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their combined sales in Europe rose 4.2 percent in 2022 from a year earlier amid a global chip shortage and the COVID-19 pandemic. Hyundai and Kia sold a combined 1,060,989 vehicles in Europe last year, up from 1,018,636 [...]
SEOUL, Jan. 18 (Korea Bizwire) — SsangYong Motor Co. said Wednesday it shifted to an operating profit in the fourth quarter from a year earlier despite the global chip shortage and the extended COVID-19 pandemic. SsangYong swung to an operating profit of 4.1 billion won (US$3.3 million) in the three months ended in December, shifting [...]
SEOUL, Jan. 18 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched the all-new Kona subcompact SUV in the domestic market, while planning to introduce its electrified version in the second quarter of this year. Hyundai Motor aims to sell 37,000 units of the new Kona — the first fully revamped model in five years [...]
SEOUL, Jan. 16 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Monday its unionized workers have accepted the plan to build an electrified purpose-built vehicle plant in South Korea. Kia said it will complete the PBV plant in the Autoland Hwaseong plant by the end of 2024 and start producing mid-sized PBVs from [...]
SEOUL, Jan. 12 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung has been named the 2023 MotorTrend Person of the Year for his leadership in transforming the South Korean carmaker into a major mobility solution provider. U.S. automobile magazine MotorTrend selects the 50 most influential people in the automotive industry each year. This [...]
SEOUL, Jan. 12 (Korea Bizwire) — Kia Corp.’s all-electric EV6 has been named the North American Utility Vehicle of the Year by the North American Car of the Year (NACTOY) jury, the company said Thursday. The EV6 beat its rivals in the assessment of innovation, design, safety features, performance, technology and value, the company said [...]
SEOUL, Jan. 12 (Korea Bizwire) — Honda Korea Co. said Thursday it will launch three new models and a platform to sell its vehicles online this year to revive its lackluster sales, becoming the first import carmaker that will go fully online. Honda Korea plans to open the online platform for car sales in Korea [...]
SEOUL, Jan. 12 (Korea Bizwire) – South Korea’s Hyundai Motor Group said Wednesday it had won good design awards for 2022 in the U.S. In the transportation category, Hyundai Motor Co.’s Trailer Drone and SEVEN concept SUV won 2022 Good Design Awards. In the robotics design category, the company’s PnD (Plug & Drive) mobility L7 [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States fell 1 percent in 2022 from a year earlier amid a prolonged chip shortage. Hyundai and Kia sold a total of 1.47 million vehicles in the world’s most important automobile market last [...]