SEOUL, April 24 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s seventh-largest tiremaker by sales, said Monday it has started supplying tires for Chinese electric vehicle startup Leap Motor’s SUV model. Hankook Tire has been providing the high-performance Ventus S1 Evo3 ev product to Leap Motor’s C11 since the first quarter in the [...]
SEOUL, April 24 (Korea Bizwire) — A vehicle equipped with four-wheel steering successfully navigated an ordinary road. Hyundai Mobis Co., South Korea’s leading auto parts maker, on Sunday unveiled video footage of Hyundai Motor Co.’s all-electric IONIQ 5 SUV equipped with the e-corner system. The video demonstrated a variety of cruise modes. In the video, [...]
SEOUL, April 24 (Korea Bizwire) — The pandemic has boosted the consumption of video content such as films and TV series, and the cars that appear in these videos are gaining popularity. Netflix’s new Korean crime action series “Kill Boksoon” is notable for featuring the main character’s Mercedes-Benz G-Class. The four-wheel-drive vehicle is unique for [...]
BUSAN, April 22 (Korea Bizwire) — Renault Korea’s strong sales of the popular XM3 led to the company’s return to profitability last year. According to Renault Korea’s announcement on Saturday, the company achieved sales of 4.86 trillion won (US$3.65 billion), operating profit of 184.8 billion won, and net profit of 125.5 billion won in [...]
SEOUL, April 20 (Korea Bizwire) — Volkswagen Korea will launch the 2023 model of its first electric vehicle, the ID.4, in June. The new model is powered by the MEB platform and an 82 kWh battery, with increased peak power and torque compared to the previous model. The 2023 ID.4 also has an increased range [...]
SEOUL, April 21 (Korea Bizwire) — South Korean carmakers’ global market share inched down in 2022 from a year earlier due largely to weaker sales in China and Russia, industry data showed Friday. Local automakers accounted for 7.3 percent of vehicle sales in the world’s eight major markets last year, down from 7.7 percent in [...]
SEOUL, April 20 (Korea Bizwire) — Genesis, the luxury brand of Hyundai Motor, has launched an EV Service Package for its electric vehicle (EV) customers. The package includes vehicle management and lifestyle convenience services and is divided into two packages – ‘Advanced’ and ‘Premium’. The Advanced package includes four new Michelin OE tires and three [...]
SEOUL, April 20 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will develop a moon-exploration mobility “Rover” as it seeks to morph into a future mobility solutions provider. In July last year, Hyundai Motor signed a memorandum of understanding with the country’s six aviation research institutes, including the Korea Aerospace Research Institute and the [...]
SEOUL, April 19 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it is targeting to win US$1 billion worth of orders in China this year, with the focus on high-end components for electric vehicles. Hyundai Mobis achieved $900 million worth of auto parts orders in the world’s biggest automobile [...]
SEOUL, April 18 (Korea Bizwire) — The South Korean government announced on Tuesday that it will engage in discussions with its American counterparts to ensure that Korean companies can benefit from the Inflation Reduction Act (IRA) policy in the future. This comes in response to Hyundai and Kia’s exclusion from the list of electric vehicles [...]