SEOUL, April 6 (Korea Bizwire) — China’s largest electric vehicle manufacturer, BYD, has introduced its T4K electric small truck to the South Korean market through its official importer, GS Global. At a showcase event in Seoul on Thursday, BYD’s 1-ton electric truck was unveiled, and it was announced that sales would commence. Surprisingly, BYD set [...]
SEOUL, April 6 (Korea Bizwire) — Hyundai Motor Co. said Thursday its all-electric IONIQ 6 sedan has been named 2023 World Car of the Year at the New York International Auto Show. It is the second straight win for the South Korean carmaker, with the pure electric IONIQ 5 SUV taking the award last year. [...]
SEOUL, April 5 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it is targeting to sell 1 million electric vehicles in 2026 as it seeks to morph into a “sustainable mobility solutions provider.” Kia plans to launch the all-electric EV9 flagship SUV in the domestic market during the first half of this [...]
SEOUL, April 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 4.3 percent last month from a year earlier due to decreased sales of German cars, an industry association said Wednesday. The number of newly registered foreign vehicles came to 23,840 units last month, down from 24,917 units a year ago, the [...]
SEOUL, April 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker, said Tuesday it has unveiled the Genesis GV80 Coupe Concept at its exhibition hall Genesis House New York. Inspired by the X Speedium Coupe Concept unveiled in New York last year, the GV80 Coupe Concept combines the practicality of a lifestyle-oriented SUV [...]
SEOUL, April 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday their combined sales in the United States rose 18 percent in the first quarter from a year earlier on robust sales of SUVs and eco-friendly models. Hyundai and Kia sold 382,354 vehicles in the world’s most important automobile market [...]
SEOUL, March 31 (Korea Bizwire) — KG Mobility, formerly known as SsangYong Motor Co., said Friday it has signed a knockdown (KD) unit vehicle export deal with a Vietnamese company. In the deal, KG Mobility will ship the KDs of the Tivoli, Korando and Torres SUVs in 2024 and those of the new Rexton, new [...]
GOYANG, March 30 (Korea Bizwire) — Carmakers have ramped up their electrification plans at the Seoul Mobility Show as countries move faster toward a zero-emission future amid global warming. Car manufacturers, including sports car brands like Porsche, are filling their portfolios with more electric vehicles (EVs) to survive the upcoming era of electrification. Under new [...]
SEOUL, March 28 (Korea Bizwire) — South Korean consumers are showing a stronger preference towards hybrids among the major models of domestic carmakers. According to Hyundai Motor Co., the cumulative sales of its Grandeur hybrid model based on the all-new Grandeur large-size sedan released at the end of last year reached 8,109 units in the [...]
SEOUL, March 25 (Korea Bizwire) — The Trax Crossover by General Motors Co. (GM) has received more than 6,000 preorders in South Korea after its debut earlier this week, industry sources said Saturday. The preorders that began Wednesday here are expected to top 10,000 early next week, they said. GM plans to fully operate its [...]