SEOUL, Dec. 2 (Korea Bizwire) — Sales of electric vehicles (EVs) by Hyundai Motor Co. and its smaller affiliate Kia Corp. sank in the U.S. market last month from a month earlier, company data showed Friday, suggesting the new U.S. law on EV tax credits is affecting the demand. Hyundai sold 1,193 flagship IONIQ 5 [...]
SEOUL, Dec. 2 (Korea Bizwire) — The waiting time for the delivery of domestically-made vehicles has dropped significantly thanks to the gradual easing of the chip shortage that disrupted carmakers starting last year. According to Yonhap News Agency’s analysis on Hyundai Motor Co. and its independent Genesis brand’s table of expected delivery time by model, [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean automakers saw their combined domestic electric vehicle (EV) sales surpass the 100,000 mark this year for the first time. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Korea Motors Co. and SsangYong Motor Co. — saw their combined EV sales reach [...]
SEOUL, Nov. 25 (Korea Bizwire) — A variety of South Korean businesses, including those specializing in automobiles, self-driving technology, semiconductors for automobiles, and telecommunications software will unite forces to create a connected car ecosystem. The Ministry of Trade, Industry and Energy announced that it hosted an inauguration ceremony for the Connected Car Alliance in Yeouido, [...]
SEOUL, Nov. 24 (Korea Bizwire) — Mercedes-Benz Financial Services Korea (MBFSK), the South Korean unit of Mercedes-Benz Group AG’s financial and mobility services division, is being criticized for predatory lending practices. It has been pointed out that MBFSK is offering high-interest-rate loans to new customers after borrowing at low interest rates from its German headquarters. [...]
SEOUL, Nov. 21 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s seventh-largest tiremaker by sales, said Monday it started supplying tires for Czech carmaker Skoda Auto’s all-electric SUV this year. Hankook Tire began providing the Ventus S1 Evo3 ev product in the first half of this year in the form of original equipment [...]
SEOUL, Nov. 21 (Korea Bizwire) — The cumulative number of eco-friendly car registrations has passed the 1.5 million mark in South Korea. According to statistics from the Ministry of Land, Infrastructure and Transport, the number of eco-friendly car registrations stood at 1.52 million vehicles at the end of October, up 38.3 percent from a year [...]
SEOUL, Nov. 21 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s leading auto parts maker, has developed new technology that enables users to open menus simply by moving their hand near an automobile’s displays and select menu items with a hand gesture. The company announced that it had developed a proximity detection pop-up display dubbed [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korean automaker Kia Corp. said Thursday it will provide support in setting up electric vehicle (EV) chargers for buyers who live in apartments, villas and other multi-dwelling homes. Kia signed an agreement with EV charging service provider Home & Service Co. to start a EV charging solution program [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Friday it will launch the all-electric IONIQ 6 and the upgraded Seltos SUV in the United States next year to boost sales. Hyundai Motor Co. plans to introduce the IONIQ 6, the second model embedded with the group’s EV-only electric-global modular platform (E-GMP) [...]