SEOUL, Aug. 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their vehicle sales in the United States rose 12 percent in July from a year earlier, helped by robust sales of SUVs and electric vehicles. Hyundai and Kia sold a total of 143,787 vehicles in the U.S. last [...]
SEOUL, July 31 (Korea Bizwire) — KG Mobility, formerly known as SsangYong Motor Co., said Monday it will launch the all-electric Torres EVX SUV in the domestic market in September to beef up its product lineup. The Torres EVX SUV is KG Mobility’s second battery-powered model after the Korando Emotion launched in the domestic market [...]
SEOUL, July 31 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said they will establish a blockchain-based subcontractor carbon emissions history management automation system (SCEMS) and distribute it for free to their subcontractors. SCEMS is an integrated system that covers the entire process, from raw material procurement to component and vehicle [...]
SEOUL, July 30 (Korea Bizwire) — The combined U.S. market share of Hyundai Motor Co. and its smaller affiliate Kia Corp. inched up in the first half of the year from a year earlier, managing to stay above the 10 percent range amid the recovery in demand and output, data showed Sunday. Their combined share [...]
SEOUL, July 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Thursday raised its annual sales and profit guidance for the year after reporting robust earnings in the second quarter on a weak won and an improved product mix. Kia forecast its sales will be more than 100 trillion won (US$78.2 [...]
SEOUL, July 26 (Korea Bizwire) – South Korea’s Hyundai Motor Co. on Wednesday raised its annual sales and profit guidance for the year after reporting a record operating profit in the second quarter on a weak won and robust sales of high-end models. Hyundai Motor projected its overall sales will grow 14-15 percent this year, [...]
SEOUL, July 26 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched the upgraded Avante N high-performance model in the domestic market as it strives to strengthen its high-end product lineup. The face-lifted sporty sedan comes with an eight-speed wet double-clutch transmission (DCT) and a 2.0-liter turbo flat power engine that can generate 280 horsepower, [...]
SEOUL, July 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Tuesday unveiled the design of the upgraded Sorento SUV ahead of its domestic launch next month. Kia plans to place the facelifted Sorento SUV with a gasoline, a diesel or an all-wheel-drive gasoline hybrid engine in the Korean market in [...]
SEOUL, July 21 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, announced that it has launched the 13th base of the Green Light Project in Albania last Wednesday (local time) as part of its corporate social responsibility activities. The company plans to offer medical support, in collaboration with the humanitarian aid group World Vision, [...]
SEOUL, July 21 (Korea Bizwire) — Hyundai Motor Group on Thursday hosted the Nano Tech Day 2023 event in in Myeongdong, central Seoul, and unveiled a variety of new nanotechnologies that will bolster its future mobility competitiveness. Among these technologies is the world’s first self-healing polymer coating, developed using nanomaterials. It can return a damaged [...]