SEOUL, Sept. 5 (Korea Bizwire) — Imported vehicle sales in South Korea fell 2.1 percent last month from a year earlier amid a lack of supplies in some brands, an industry association said Tuesday. The number of newly registered imported cars came to 23,350 units in August, down from 23,850 units a year ago, the [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it overtook China’s Wuling Motors Holdings Ltd. to claim the biggest market share in Indonesia’s electric vehicle (EV) market in the first seven months of the year. Hyundai Motor sold 3,913 EVs in Indonesia between January and July, already exceeding the 2,028 [...]
BERLIN, Sept. 4 (Korea Bizwire) – LG Magna e-Powertrain, LG Electroincs’ joint venture with Canadian auto parts maker Magna International Inc., said Monday it will build an electric vehicle (EV) components factory in Hungary. The new 26,000-square-meter production base, the company’s first in Europe, will be built in the northeastern city of Miskolc by 2025, [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Monday launched the N brand’s first all-electric model, the Ioniq 5 N, in the domestic market as it accelerates its transition to a future mobility solutions provider. The Ioniq 5 N, first unveiled at the 2023 Goodwood Festival of Speed in Great Britain [...]
SEOUL, Sept. 3 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Sunday it will sell more vehicles directly to customers from this month through the online sales platform as part of its efforts to boost sales. On top of three models available online — the GM Chevrolet brand’s [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Korean carmaker Kia Corp. said Sunday its all-electric EV9 SUV has been named the winner in the Luxury category of the German Car of the Year 2024 (GCOTY) Awards. Its bigger affiliate Hyundai Motor Co.’s pure electric Ioniq 6 sedan won the top spot in the New Energy [...]
SEOUL, Sept. 2 (Korea Bizwire) — Volkswagen’s flagship sports utility vehicle (SUV), the Tiguan, achieved a significant milestone by becoming the first imported SUV to surpass 70,000 units in sales in the Korean market. On September 1st, Volkswagen Korea proudly announced that the Tiguan, initially introduced in Korea in 2008, has reached an impressive cumulative [...]
SEOUL, Aug. 31 (Korea Bizwire) — Renault Korea Motors, the South Korean unit of Renault S.A., said Thursday it will focus on gasoline hybrid models to revive sales, while making preparations for the production of all-electric models. Renault Korea currently sells one gasoline hybrid model, the hybrid electric version of the XM3 compact SUV. Its [...]
SEOUL, Aug. 31 (Korea Bizwire) — Hyundai Motor Group announced on Wednesday the completion of an initiative aimed at projecting and addressing future transportation demand within Singapore’s flagship smart industrial park, the Jurong Innovation District (JID). Spanning a 10-month period from April 2022 to January 2023, this endeavor was undertaken in collaboration with the Jurong [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will buy a 5 percent stake in Korea Zinc for 530 billion won (US$400 million) in the latest move to secure a stable supply of nickel for its electric vehicles (EVs). The move by HMG Global LLC — a business entity set up [...]