SEOUL, May 15 (Korea Bizwire) — BMW Group Korea said Monday it has started the construction of a new research and development center near Seoul to strengthen cooperation with South Korean partners in future mobility solutions. In 2015, the German carmaker opened an R&D unit within the BMW Driving Center in Incheon, 27 kilometers west [...]
SEOUL, May 12 (Korea Bizwire) — Hyundai Motor Co. is set to carve a dominant niche in the thriving Indian auto market. The automaker announced on Thursday that it had signed a memorandum of understanding (MOU) with the Tamil Nadu State Government to inject 200 billion rupees (US$2.43 billion) into the country’s economy over the [...]
SEOUL, May 12 (Korea Bizwire) — Sedans are losing ground at a rapid pace in the South Korean car market as the share of sport utility vehicles (SUVs) expands due to their larger interior space, convenient functions, and leisure-friendly lifestyle. The share of SUVs among new car sales in the country has been on an [...]
SEOUL, May 8 (Korea Bizwire) — Toyota Korea is opening pre-orders on May 8 for its flagship Crown model, with an official launch date of June 5. The Crown is Toyota’s first mass-produced model, introduced in 1955, and has been released until the 16th generation last year. It is a crossover model that combines a [...]
SEOUL, May 8 (Korea Bizwire) — Hyundai Motor Group’s sport utility vehicles (SUV) are driving sales in the United States, the “home of SUVs,” and are receiving high praise from both customers and automotive publications. Hyundai Motor Co. and its affiliate Kia Corp. sold 381,606 SUVs in the U.S. market from January to April, up 18.6 [...]
SEOUL, May 7 (Korea Bizwire) — Cadillac Korea announced on Sunday that it will launch LYRIQ, the brand’s inaugural all-electric vehicle, in the second half of this year. The LYRIQ is a pioneering model in General Motors’ (GM) electrification strategy, serving as the first vehicle built on GM’s cutting-edge ULTIUM electric vehicle platform. Featuring a [...]
SEOUL, May 5 (Korea Bizwire) — Hyundai Motor Group on Thursday unveiled the software-defined vehicle (SDV) technology featured in Kia Corp.’s all-electric EV9 flagship SUV. The automotive group posted a new YouTube video which showed that the EV9′s over-the-air (OTA) software update system will now cover not only core parts of the vehicle but also [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s vice industry chief asked General Motors Co. (GM) on Thursday to make an investment in production facilities for electric vehicles (EVs) in the country, as the Seoul government has extended support for nurturing the advanced industry sector, his office said. First Vice Industry Minister Jang Young-jin made [...]
SEOUL, May 4 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.4 percent last month from a year earlier due to lack of supplies in some brands and high interest rates, an industry association said Thursday. The number of newly registered imported vehicles came to 20,910 units last month, down from 23,070 [...]
SEOUL, May 4 (Korea Bizwire) — Hyundai Motor Co. on Wednesday unveiled a large hydrogen fuel cell truck model at the Advanced Clean Transportation (ACT) Expo 2023 being held in Anaheim, California. The newly-unveiled XCIENT Fuel Cell tractor weighs 37.2 tons and was developed to target the North American market, where long-distance truck transportation is [...]