SEOUL, July 13 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday it will invest US$200 million to produce the all-electric EV9 SUV in its U.S. plant next year. The flagship EV9 will be the first EV for Kia to be assembled in the United States, the company said in a [...]
SEOUL, July 13 (Korea Bizwire) — In response to growing consumer concerns about the possible sale of flood-damaged secondhand cars during this summer’s rainy season, South Korea’s used car platforms have launched compensation programs to alleviate consumer anxiety. K Car announced on Wednesday that it will launch of a compensation program designed to address consumer [...]
SEOUL, July 11 (Korea Bizwire) — Kia Corp. said Tuesday it has appointed Pierre-Martin Bos, a European commercial car expert, as director of the purpose built vehicle (PBV) division at its European operations. Pierre-Martin Bos began working in the newly created position, named PBV director, at Kia Europe from the regional headquarters in Frankfurt on [...]
SEOUL, July 10 (Korea Bizwire) – The preference for hybrid models among South Korean consumers has led to the share of Hyundai Motor Co.’s Grandeur sedan’s hybrid models surpassing that of internal combustion engine models. According to the carmaker, hybrid models accounted for 33,056 units or 52.5 percent of the Grandeur’s domestic sales of 62,970 units [...]
SEOUL, July 9 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung has visited Intel’s industrial campus in Ireland as part of efforts to diversify the company’s automotive semiconductor supply, the company said Sunday. Chung looked around the Fab 24 manufacturing facility at Intel’s campus in Kildare county with Intel Corporate Vice President Ann-Marie [...]
SEOUL, July 7 (Korea Bizwire) — KG Mobility, formerly SsangYong Motor Co., said Friday it will transform Edison Motors Co. into an environment-friendly commercial carmaker after it became the final bidder for the debt-laden electric bus maker. KG Mobility plans to expand Edison Motors’ large electric bus-focused lineup to include small and medium-sized buses and [...]
SEOUL, July 5 (Korea Bizwire) — South Korea’s imports of luxury cars, priced at over 300 million won (US$230,570) per unit, continue to grow steadily. Based on data received from the Ministry of Land, Infrastructure, and Transport, Rep. Yang Kyung-sook of the Democratic Party reported that the cumulative number of registered luxury vehicles with a [...]
SEOUL, July 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday their combined sales in the United States rose 9.9 percent in June from a year earlier on robust sales of SUVs and environment-friendly models. Last month, Hyundai and Kia sold 145,849 vehicles in the world’s most important automobile market, [...]
SEOUL, June 29 (Korea Bizwire) — Hyundai Motor announced that its dedicated electric vehicle, the Ioniq 6, has been named the 2023 Car of the Year by Car and Driver. The competition involved evaluating 14 EV models from major automakers over three weeks, considering factors like value, driving tests, technology, and enjoyment. The Ioniq 6, [...]
SEOUL, June 26 (Korea Bizwire) — South Korean minicar market has once again slowed down this year after initially showing signs of a revival due to the popularity of Hyundai Motor Co.’s Casper mini SUV. Domestic sales of minicars totaled 50,562 units in the first five months of this year, representing an 8.2 percent year-on-year [...]