SEOUL, June 2 (Korea Bizwire) — Hyundai Motor Co. on Friday launched the face-lifted Palisade sport utility vehicle in the domestic market ahead of its shipments to the United States and emerging markets later this year. The upgraded Palisade comes with strengthened safety features, including the blind collision warning and rear cross-traffic collision-avoidance assist systems, [...]
SEOUL, June 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 21 percent in May from a year earlier on strong demand for their sport utility vehicles. Last month, Hyundai and Kia sold 141,498 vehicles in the world’s most important automobile market, [...]
SEOUL, June 1 (Korea Bizwire) — Hyundai Motor Group said Thursday it has completed its first overseas hydrogen fuel-cell systems plant in China in a move to make inroads into the local hydrogen vehicle market. In March 2021, Hyundai Motor began construction of the HTWO Guangzhou hydrogen fuel-cell systems plant with an annual capacity of [...]
SEOUL, June 1 (Korea Bizwire) — Italian carmaker Ferrari on Thursday opened the Universo Ferrari exhibition for the first time in Asia in South Korea as it sees further growth potential in Asia’s fourth-biggest economy. Ferrari will showcase 22 models, including 19 cars and three prototypes, in the exhibition to be held from Thursday to [...]
SEOUL, May 31 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it will suspend the operation of one of its eight domestic plants during the second half of this year in preparation for electric vehicle (EV) production. Kia, a smaller affiliate of Hyundai Motor Co., will begin the construction Thursday to change [...]
SEOUL, May 30 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year. The EV target figure accounts for 16 percent of Kia’s sales target of 578,000 vehicles in Europe this year, the [...]
SEOUL, May 30 (Korea Bizwire) — The number of connected cars in South Korea has surpassed 7 million, which accounts for one out of every four cars on the road. A connected car refers to a vehicle that is equipped with wireless connectivity both inside and outside the vehicle. This enables new functionality such as [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s Hyundai Motor Group and LG Energy Solution Ltd. said Friday they will invest 5.7 trillion won (US$4.3 billion) in a battery cell plant in the United States in the latest move to better deal with the Inflation Reduction Act (IRA) amid growing demand for electric vehicles. The [...]
SEOUL, May 26 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Thursday it has developed a next-generation headlamp called the HD Lighting System. The system can project driving information onto the road surface, including upcoming road construction and the speed limit. It utilizes front camera sensors or navigation to detect [...]
SEOUL, May 26 (Korea Bizwire) – Hyundai Motor Group announced on Thursday its participation in the World Climate Industry Expo held in Busan, where it will showcase a range of carbon-neutral future mobility technologies and hydrogen fuel cell innovations. At the expo, Kia Corp. will prominently feature its all-electric EV9 flagship SUV at the forefront [...]