SEOUL, July 20 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will supply 50 IONIQ 5 all-electric vehicles to a Japanese taxi company from August. Hyundai Motor has recently signed a deal with Kyoto-based MK Taxi to gradually supply the 50 zero-emission models to the Japanese company, the company said in a [...]
BUSAN, July 20 (Korea Bizwire) — Racing models were nowhere to be seen at this year’s Busan International Motor Show, held for the first time in four years due to pandemic. Hyundai Motor Group and BMW Group Korea, participating in the show, have been running their exhibition booths since July 15 without any female models. [...]
SEOUL, July 19 (Korea Bizwire) — U.S. electric vehicle maker Tesla Inc.’s sales in South Korea remained stagnant in the first half of this year after enjoying strong growth in the country’s imported EV market. According to the Korea Automobile Importers & Distributors Association and the CarIsYou Data Research Center, the number of imported EVs [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s car exports reached an eight-year high in the first half of this year on the back of global popularity of eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles grew 3.2 percent on-year to US$24.35 billion during the January-June period, which marked the highest [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Friday it will launch its first all-electric high-performance IONIQ 5 N model in the domestic market next year. Hyundai has strengthened the high-performance N brand and the N Line brand to compete with its bigger rivals in terms of performance cars. The N [...]
BUSAN, July 14 (Korea Bizwire) — Once touted as touchpoints where the auto industry gathered to promote new vehicles and technologies, South Korea’s traditional auto shows are on the wane and in need of an overhaul as more automakers turn to electrification. In recent years, global auto shows have been cancelled, scaled down or made [...]
BUSAN, July 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Thursday unveiled its second dedicated EV model IONIQ 6 at the Busan International Motor Show ahead of its local launch in September. The IONIQ 6 is the second model embedded with Hyundai Motor Group’s EV-only electric-global modular platform (E-GMP) following the IONIQ 5, [...]
SEOUL, July 12 (Korea Bizwire) — Management and unionized workers of South Korea’s top automaker Hyundai Motor Co. reached a tentative wage deal on Tuesday, averting a labor strike for the fourth consecutive year. The two sides agreed to a 98,000 won (US$74.80) increase in basic monthly pay, the construction of a new electric vehicle [...]
SEOUL, July 12 (Korea Bizwire) — SsangYong Motor Co. said Monday that it will return to running two shifts per week on its assembly lines after 12 months of struggle. The company has been running a single shift per week at its assembly line in Pyeongtaek, Gyeonggi Province since July last year to save costs. [...]
SEOUL, July 12 (Korea Bizwire) — Hyundai Motor Co. said Monday it is currently running a driving rehabilitation program for persons with disabilities as part of its creating shared value (CSV) project for sustainable management. The carmaker developed a virtual driving simulator jointly with the Citizens’ Coalition for Safety and Inno Simulation for the program. [...]