SEOUL, March 24 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Friday it has set up a branch in Thailand to gain a share in the local market dominated by Japanese carmakers. Hyundai has recently established Hyundai Mobility Thailand and will begin its operations on April 1, a company official said over the phone. [...]
SEOUL, March 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Wednesday it will host an exhibition at AP AGAIN in eastern Seoul to introduce the Re:Style project featuring fashion items made of waste vehicle materials. This project was designed to promote eco-friendly upcycling by establishing a link between automobiles and fashion, [...]
SEOUL, March 22 (Korea Bizwire) – SsangYong Motor Co. on Wednesday changed its name to KG Mobility to transform itself into a future mobility solutions company. SsangYong Motor finalized the name change at a shareholders’ meeting Wednesday to focus on the electric vehicle platform, software defined vehicle, autonomous driving and artificial intelligence for survival amid an accelerating [...]
SEOUL, March 22 (Korea Bizwire) — General Motors Co. (GM) on Wednesday began to sell the Trax Crossover in South Korea following its launch in the U.S. market late last year. GM plans to fully operate its Korean plant in Changwon, about 300 kilometers south of Seoul, until the second quarter to meet rising global [...]
SEOUL, March 22 (Korea Bizwire) — British carmaker INEOS Automotive Ltd. said Wednesday it will launch the Grenadier pickup truck in South Korea later this year after showcasing it to the public at the Seoul Motor Show set to open late this month. Ahead of the planned launch, INEOS Automotive unveiled its first model, the [...]
SEOUL, March 22 (Korea Bizwire) — South Korean Audi dealers are voicing strong opposition against inflated sales targets, claiming that Audi Korea is igniting a game of chicken among dealers by setting high sales targets without considering market conditions. According to industry sources, the South Korean unit of the German carmaker set this year’s sales [...]
SEOUL, March 22 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker and a key affiliate of Hyundai Motor Group, said it has developed an in-wheel motor by integrating an electric motor into the wheel. The new in-wheel system is designed to maximize power by integrating a drive motor into each wheel, [...]
SEOUL, March 20 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Monday unveiled the all-electric EV5 SUV concept at an electric vehicle (EV) event held in China. Kia introduced the EV5 concept at Kia EV Day planned only for Chinese customers before it launches an electric SUV model based on the [...]
SEOUL, March 20 (Korea Bizwire) — South Korea’s car exports jumped nearly 50 percent in February on-year to reach an all-time high on the back of solid demand for eco-friendly cars, data showed Monday. The value of outbound shipments of automobiles came to US$5.59 billion last month, up 47.1 percent from a year earlier, according [...]
SEOUL, March 16 (Korea Bizwire) – Five cars from the Hyundai Motor Group have been named the best cars for families by an American media outlet. According to the list of the 2023 best cars for families evaluated in nine categories by the U.S. News & World Report, Hyundai Motor Co.’s Santa Fe and Tucson [...]