SEOUL, Oct. 6 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 17 percent last month from a year earlier despite the extended chip shortage, an industry association said Thursday. The number of newly registered foreign vehicles stood at 23,928 units last month, up from 20,406 units a year ago, the Korea Automobile [...]
SEOUL, Oct. 6 (Korea Bizwire) — The number of new cars registered last month in South Korea was higher than a year ago thanks to the easing of the disruption in automobile chip supplies. According to CarIsYou Data Research Center, 141,640 new cars were registered in September, up 17.9 percent year on year and 6 [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Wednesday its vehicle sales in the United States rose 4.4 percent last month from a year earlier despite the extended chip shortage. Hyundai, its affiliate Kia Corp. and Hyundai’s independent Genesis brand sold a combined 120,642 vehicles in the world’s most important automobile [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Tuesday it has acquired a U.S. auto auction dealer as it pushes to make inroads into overseas secondhand car markets. Hyundai Glovis said it has taken over a 100 percent stake in Greater Erie Auto Auction (GEAA), a [...]
SEOUL, Oct. 4 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Tuesday launched the pure electric high-performance model EV6 GT in the domestic market in a move to beef up its EV lineup. The EV6 GT comes with a 77.4 kWh battery pack and can travel up to 342 kilometers on a single [...]
SEOUL, Oct. 4 (Korea Bizwire) — Eco-friendly vehicles such as hybrid cars and electric vehicles (EVs) are enjoying rising popularity not only in the South Korean passenger vehicle market, but also in the used car market this year, data showed Monday. According to Transport Ministry data analyzed by the Carisyou Data Lab, the number of [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Friday it has received the 2022 Red Dot Design Concept Luminary award for its hydrogen fuel-cell trailer drone concept. The unmanned, hydrogen-powered trailer drone concept beat all of its rivals to edge out a win in the Red Dot Design Concept awards this [...]
SEOUL, Sept. 29 (Korea Bizwire) — Hyundai Motor Co. on Thursday introduced a self-driving, artificial intelligence (AI)-based robot shuttle for testing in Pangyo, Gyeonggi Province. The trial implements Level-4 autonomous driving technology, which doesn’t require a driver. The carmaker is offering the shuttle service by remodeling two Solati minivans and merging them with Shucle, a [...]
SEOUL, Sept. 29 (Korea Bizwire) — SsangYong Motor Co., a South Korean SUV-focused carmaker, said Thursday it will export about 170,000 vehicles to a Saudi Arabian company by 2030 in the form of semi knockdown (KD) units. In January, SsangYong Motor signed the KD supply deal with Saudi National Automobiles Manufacturing Co. (SNAM) for seven [...]
SEOUL, Sept. 29 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday it will launch the pure electric high-performance model EV6 GT in the domestic market next week in a move to beef up its EV lineup. The EV6 GT comes with a 77.4 kWh battery pack and can travel up to 342 [...]