SEOUL, Nov. 17 (Korea Bizwire) — Hyundai Motor Co. said Thursday its IONIQ 6 electric vehicle has earned the top safety rating from an independent vehicle assessment organization in Europe. The IONIQ 6 achieved the highest five-star safety rating from the European New Car Assessment Programme (Euro NCAP) in four categories, the company said in [...]
SEOUL, Nov. 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has unveiled its independent Genesis brand’s convertible concept model in the United States ahead of the Los Angeles Auto Show this week. The Genesis X Convertible concept made its debut as the Genesis brand’s third X concept model after the X and the [...]
SEOUL, Nov. 15 (Korea Bizwire) — Diesel vehicles are losing ground due to the rising popularity of eco-friendly vehicles and a hike in diesel prices. The number of new diesel cars registered in the domestic market between January and October of this year stood at 288,888 units, down 21.6 percent year on year, according to [...]
SEOUL, Nov. 14 (Korea Bizwire) — Hyundai Motor Group said Monday it has signed an initial pact with Indonesia for an air mobility partnership in the Southeast Asian country’s capital relocation project. The South Korean carmaker signed a memorandum of understanding (MOU) with the Nusantara Capital City Authority, fully in charge of the relocation project, [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Monday it is targeting to sell more than 120,000 units of the all-new Grandeur sedan in the domestic market by the end of 2023. Hyundai will begin to sell the seventh-generation Grandeur, the first fully revamped model in six years, in Korea on [...]
SEOUL, Nov. 14 (Korea Bizwire) — Automobili Lamborghini will bring plug-in hybrid models to South Korea in 2024 in its “hybridization” strategy before going fully electric by the end of this decade. Renowned for its wild cars and powerful engines, Lamborghini has sold models under three combustion engine lineups — the V8 engine-powered Urus SUV, [...]
SEOUL, Nov. 14 (Korea Bizwire) — The Korean units of three foreign automakers — GM Korea Co., Renault Korea Motors Co. and SsangYong Motor Co. — have a negligible presence in the electric vehicle (EV) market. Their combined domestic sales stood at 133,890 units in the January to October period of this year, down 5.2 [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Sunday it has signed a deal with an Indonesian aluminum company to secure a stable supply of the key material required in electric vehicle manufacturing. Hyundai Motor signed a memorandum of understanding with PT Adaro Minerals Indonesia Tbk for the partnership during the [...]
SEOUL, Nov. 12 (Korea Bizwire) – SsangYong Motor Co. said Friday it has graduated from the court-led debt rescheduling program 1 1/2 years after it was placed under court receivership amid the COVID-19 pandemic. SsangYong Motor applied for court receivership on April 15, 2021, after its Indian parent Mahindra & Mahindra Ltd. failed to attract [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s car exports jumped 28.5 percent on-year last month on brisk demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to US$4.92 billion last month, the largest ever for any October, according to the data from the Ministry of Trade, Industry and [...]