SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Friday it has received the 2022 Red Dot Design Concept Luminary award for its hydrogen fuel-cell trailer drone concept. The unmanned, hydrogen-powered trailer drone concept beat all of its rivals to edge out a win in the Red Dot Design Concept awards this [...]
SEOUL, Sept. 29 (Korea Bizwire) — Hyundai Motor Co. on Thursday introduced a self-driving, artificial intelligence (AI)-based robot shuttle for testing in Pangyo, Gyeonggi Province. The trial implements Level-4 autonomous driving technology, which doesn’t require a driver. The carmaker is offering the shuttle service by remodeling two Solati minivans and merging them with Shucle, a [...]
SEOUL, Sept. 29 (Korea Bizwire) — SsangYong Motor Co., a South Korean SUV-focused carmaker, said Thursday it will export about 170,000 vehicles to a Saudi Arabian company by 2030 in the form of semi knockdown (KD) units. In January, SsangYong Motor signed the KD supply deal with Saudi National Automobiles Manufacturing Co. (SNAM) for seven [...]
SEOUL, Sept. 29 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday it will launch the pure electric high-performance model EV6 GT in the domestic market next week in a move to beef up its EV lineup. The EV6 GT comes with a 77.4 kWh battery pack and can travel up to 342 [...]
SEOUL, Sept. 29 (Korea Bizwire) — Criticism is mounting over Volkswagen Korea, which is allegedly delivering its brand-new model faster to customers who obtain financing from its auto finance service with an annual interest rate of more than 7 percent. According to industry sources, Volkswagen Korea’s official dealers are informing customers who make reservations for [...]
SEOUL, Sept. 28 (Korea Bizwire) – The Seoul city government will additionally ban Grade 4 diesel vehicles, the second lowest in the country’s five-tier emission standard, from the city’s central areas starting in 2025 with a goal of dramatically reducing air pollutants, the mayor said Wednesday. Mayor Oh Se-hoon announced the measure as part of a broader [...]
SEOUL, Sept. 27 (Korea Bizwire) – Volvo Car Korea Co. said Tuesday its accumulated vehicle sales will exceed 100,000 units this year after reporting a double-digit annual sales growth in the past decade in Asia’s fourth-biggest economy. South Korea emerged as the 10th-biggest market for the Sweden-based carmaker last year from the 28th market in [...]
SEOUL, Sept. 19 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Monday unveiled a hydrogen-powered vehicle based on Italian carmaker IVECO Group N.V.’s DAILY van in their extended commercial car partnership. Hyundai Motor and IVECO debuted the eDAILY hydrogen fuel-cell electric vehicle (eDAILY FCEV) at the IAA Transportation 2022 in Hannover, the world’s largest [...]
SEOUL, Sept. 19 (Korea Bizwire) — South Korea’s Hyundai Motor Group reached a double-digit market share in the auto market in Britain for the first time in 40 years. In the January-August period, Hyundai Motor Co. and its smaller affiliate Kia Corp.’s market share in Britain marks at 12.3 percent, up by 3.4 percentage points [...]
SEOUL, Sept. 19 (Korea Bizwire) – South Korea is targeting to commercialize a Level 4 autonomous vehicle in 2027 to release half of newly launched vehicles as Level 4 models in 2035, the transport ministry said Monday. This year, Korea aims to become the world’s third country to commercialize a Level 3 autonomous vehicle after [...]