SEOUL, June 2 (Korea Bizwire) — As Tesla’s dominance in the global electric vehicle (EV) market continues to falter, U.S.-based automotive outlet Electrek has named Hyundai and Kia as the most viable alternatives to the American EV giant, citing their competitive models and technological edge. In a recent analysis, Electrek highlighted Hyundai’s Ioniq 6 and Kia’s [...]
JEJU, May 22 (Korea Bizwire) — The number of electric vehicles actively operating on Jeju Island has surpassed 40,000, signaling a milestone in the island’s decade-long push toward greener transportation. According to the Jeju Provincial Government on Wednesday, as of the end of April 2025, a total of 40,267 electric vehicles were registered and actively in use [...]
SEOUL, May 18 (Korea Bizwire) — Kia’s flagship electric SUV, the EV9, continues to earn top marks in global automotive comparisons, outscoring luxury competitors such as Volvo, Mercedes-Benz, and Audi in recent performance and value assessments by leading German automotive publications. German automotive magazine Auto Bild recently conducted a head-to-head evaluation of the Kia EV9 GT-Line [...]
SEOUL, May 9 (Korea Bizwire) — Hyundai Motor Co.’s Ioniq 9 and Kia Corp.’s EV3 have been named the best models in their respective categories at this year’s TopGear.com Electric Awards, Hyundai Motor Group said Friday. With the latest recognition, the South Korean automotive group has received awards for five Hyundai vehicles and two Kia [...]
SEOUL, May 8 (Korea Bizwire) — The number of imported vehicles sold in South Korea last month dropped slightly from a year earlier, but eco-friendly vehicles such as hybrids and electric vehicles (EVs) accounted for a record 81 percent of the total, industry data showed Thursday. According to the Korea Automobile Importers and Distributors Association [...]
SEOUL, April 25 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest battery maker, said Friday it swung to a net loss in the first quarter from a year earlier due to a prolonged slump in the electric vehicle (EV) market. In the three months ended March, the company posted a net loss of 216 [...]
SEOUL, April 21 (Korea Bizwire) — Hyundai Motor Co. said Monday it has delivered five electric buses to the transportation unit of Japan’s Iwasaki Group, marking its first commercial electric bus delivery in the neighboring country. The South Korean automaker held a delivery ceremony for the Elec City Town buses with Iwasaki Group in Yakushima, [...]
SEOUL, April 21 (Korea Bizwire) — As global automakers confront slowing demand for fully electric vehicles (EVs), South Korean carmakers Kia and Hyundai are turning to range-extended electric vehicles (EREVs) to bridge the adoption gap and unlock new revenue streams for the struggling battery industry. Kia revealed it is developing an EREV pickup model alongside its [...]
SEOUL, April 17 (Korea Bizwire) — Hyundai Motor will temporarily suspend domestic production of its flagship electric vehicles, the Ioniq 5 and Kona EV, as weakening overseas demand and shifting global subsidy policies weigh heavily on exports. According to industry sources on April 17, Hyundai plans to shut down Line 12 at its Ulsan Plant 1 [...]
SEOUL, April 17 (Korea Bizwire) — LG CNS Co., an information technology affiliate of South Korea’s LG Electronics Inc., said Thursday it has signed agreements to develop electric vehicle (EV) charging infrastructure and smart city solutions in the United States. Under a deal with the New York City Economic Development Corporation, LG CNS will install [...]