SEOUL, Oct. 20 (Korea Bizwire) — While Hyundai Motor struggles under tariff pressures in its largest market, the United States, the South Korean automaker is finding fresh momentum in Europe, buoyed by surging sales and strong demand for electric and hybrid vehicles. According to Hyundai’s investor relations data released on October 19, the company’s passenger car [...]
SEOUL, Oct. 10 (Korea Bizwire) – Sales of imported vehicles in South Korea rose more than 30 percent in September from a year ago, driven by strong demand for Tesla and steady sales of hybrid and electric vehicles (EVs), industry data showed Friday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number [...]
South Korea’s Electric Vehicle Fleet Surpasses 800,000 as Green Transition Accelerates SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s shift toward eco-friendly mobility is gathering pace, with the country’s electric vehicle (EV) registrations surpassing 820,000 as of August, government data showed Thursday. According to the Ministry of Land, Infrastructure and Transport, a total of 822,081 electric [...]
SEOUL, Oct. 1 (Korea Bizwire) — Online shopping in South Korea surged to its highest level for any August on record, fueled by booming Tesla sales and growing appetite for food services, government data showed Wednesday. Total online transactions reached 22.48 trillion won (US$15.56 billion) in August, up 6.6 percent, or 1.39 trillion won, from [...]
SEOUL, Oct. 1 (Korea Bizwire) – Hyundai Motor Co. said Wednesday it has begun sales of the Ioniq 6 N, its first high-performance electric vehicle (EV) sedan and the second electrified model under the company’s N brand. The Ioniq 6 N is equipped with front and rear motors that deliver a combined maximum output of [...]
SEOUL, Sept. 29 (Korea Bizwire) — Kia Corp., South Korea’s second-largest carmaker, said Monday it will test its purpose-built vehicle (PBV), the PV5, in Riyadh for potential adoption in a local resort town. Kia has partnered with Red Sea Global (RSG), one of the developers of Saudi Arabia’s Vision 2030 Giga Project, which aims to [...]
SEOUL, Sept. 29 (Korea Bizwire) — Hyundai Motor Group’s dedicated electric vehicle platform has once again won recognition in the United States, with its power system named among WardsAuto’s “10 Best Engines & Propulsion Systems” for 2025. The automaker said Sunday that the all-electric Ioniq 9 earned a spot on the prestigious list, marking the [...]
SEOUL, Sept. 25 (Korea Bizwire) — Hyundai Motor Co. said Thursday its Ioniq 9 electric sport utility vehicle (SUV) has received the highest safety rating of five stars from the European New Car Assessment Programme (Euro NCAP). The Ioniq 9 earned praise for maintaining a stable passenger compartment in crash tests and for its advanced [...]
SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Motor is making inroads into Europe’s most competitive markets, including France, Germany and the United Kingdom, where local and German brands have long dominated. The push is fueled by the popularity of its affordable Inster electric vehicle — sold in Korea as the Casper EV — and steady demand [...]
SEOUL, Sept. 18 (Korea Bizwire) — Thirty years ago, Hyundai Motor Co. was still shedding its image as a latecomer, eager to catch up with established automakers in the United States, Europe and Japan. Today, South Korea’s largest carmaker is aiming to leap ahead, announcing its most ambitious growth strategy yet: a 77.3 trillion won [...]