SEOUL, June 12 (Korea Bizwire) — Hyundai Motor Group said Monday it will utilize 7.8 trillion won (US$5.9 billion) worth of reservation money held by its overseas operations to push forward the group’s planned investments in domestic electric vehicle (EV) plants. Hyundai Motor Co., its smaller affiliate Kia Corp. and auto parts maker Hyundai Mobis [...]
SEOUL, June 12 (Korea Bizwire) — Hyundai Motor Co. has announced that a range of its mobility solutions will feature in Marvel Studios’ “Spider-Man: Across the Spider-Verse,” which is set to premiere in the domestic market next week. The upcoming animated film marks the third collaboration between the carmaker and Sony Pictures Entertainment, following their [...]
SEOUL, June 9 (Korea Bizwire) — Austrian automotive light maker ZKW Group, a subsidiary of South Koran tech giant LG Electronics Inc., said Thursday it will begin supplying smart headlamp modules for the flagship Polestar 3 SUV of Swedish premium electric vehicle brand Polestar. Scheduled for release in the third quarter, the headlamp incorporates the [...]
SEOUL, June 9 (Korea Bizwire) — Hyundai Motor Co. said Thursday that it will host an exhibition showcasing its heritage, featuring the nation’s first domestically manufactured car, the Pony, from various perspectives. “PONY, the Timeless” exhibition serves as the second project of the Hyundai Reunion Heritage brand platform, which presents a future vision through past [...]
SEOUL, June 8 (Korea Bizwire) — POSCO International Corp. said Thursday it has clinched an additional contract with Hyundai Motor Co. to supply 2.5 million units of a key auto component for electric vehicles (EVs), raising the total orders from Hyundai to 6.85 million. POSCO Mobility Solution, a subsidiary of POSCO International, will supply the [...]
SEOUL, June 8 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will launch the all-electric Cadillac LYRIQ SUV later this year in line with its parent firm’s electrification plan. Lyriq is GM’s luxury Cadillac brand’s first electric model and is powered by GM’s Ultium EV battery [...]
SEOUL, June 6 (Korea Bizwire) — Hyundai Motor Co. and IKEA Korea announced Monday their joint space marketing exhibition, “Green For-rest,” which will run until Sunday. The exhibition is taking place in the outdoor garden of IKEA Korea’s flagship store in Gwangmyeong, southwest of Seoul, and features eco-friendly Hyundai vehicles alongside IKEA’s home furnishing ideas. [...]
SEOUL, June 5 (Korea Bizwire) — Toyota Motor Korea on Monday launched the flagship Crown crossover as it beefs up its product lineup to boost sales, which remained weak for years due to trade tension between Seoul and Tokyo. The Crown crossover utility vehicle (CUV) comes with two power trains, one with a 2.4-liter dual [...]
SEOUL, June 5 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Monday it has hired a former BMW exterior designer in the latest move to strengthen its design capabilities. John Buckingham began serving as head of Kia Next Design Exterior Group on June 1 after spending 18 years as exterior designer [...]
SEOUL, June 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.2 percent last month from a year earlier due mainly to lack of supplies in some brands, an industry association said Monday. The number of newly registered imported vehicles came to 21,339 units in May, down from 23,512 units a year [...]