SEOUL, Dec. 9 (Korea Bizwire) — Three South Korean electric vehicle battery makers saw their combined global market share fall from a year earlier in the first 10 months of 2024 amid robust growth of Chinese rivals, industry data showed Monday. The trio — LG Energy Solution, SK On Co. and Samsung SDI Co. — [...]
SEOUL, Dec. 4 (Korea Bizwire) – As concerns mount over a prolonged drop in electric vehicle demand and potential impacts of Donald Trump’s potential return to the White House, South Korea’s battery manufacturers are adapting their strategies amid growing industry turbulence marked by EV plant closures and bankruptcies worldwide. The country’s three major battery makers are [...]
SEOUL, Dec. 2 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, on Monday revealed the design of its updated electrified GV70 SUV. The front features a new grille with a gradient design, showcasing a deeper shading effect that follows Genesis’ signature G-Matrix design pattern. The headlamps incorporate micro lens array technology to deliver [...]
SEOUL, Dec. 2 (Korea Bizwire) – Hybrid vehicle registrations in South Korea are projected to exceed two million by the end of this year, marking a significant milestone 16 years after their introduction to the domestic market in 2008. The surge in hybrid car adoption is also driving a broader shift toward eco-friendly vehicles, with [...]
SEOUL, Nov. 28 (Korea Bizwire) – British sports car manufacturer Lotus announced through its South Korean subsidiary, Lotus Cars Korea, on November 27 that it is launching its electric SUV, the Eletre, in the domestic market. According to Lotus Korea, the Eletre offers exceptional value compared to competitors in its class, with a price tag approximately [...]
SEOUL, Nov. 27 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it plans to launch an electric vehicle (EV) charging subscription service for Hyundai customers in Indonesia this week. Starting Thursday, subscribers of the service will be able to use 518 chargers at 288 charging stations operated by Hyundai and its EV partner companies across [...]
SEOUL, Nov. 27 (Korea Bizwire) – Toyota Korea announced on November 26 the official launch of its 2025 Camry Hybrid, which will be available at Toyota dealerships nationwide from December 2. The Camry, first introduced to the Korean market in 2009, has been a global favorite for over 40 years due to its high quality and [...]
LOS ANGELES, Nov. 22 (Korea Bizwire) – The Goldstein House, an architectural gem perched in the affluent hills of Los Angeles, traded its usual Hollywood glamour for automotive innovation on November 21 as Hyundai unveiled its first large electric SUV, the Ioniq 9, to an eager crowd of industry insiders. The venue, a masterpiece of mid-century [...]
SEOUL/LOS ANGELES, Nov. 22 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, said Friday it has unveiled the high-performance version of its flagship EV9 electric SUV at the Los Angeles Auto Show. The EV9 GT, which made its debut at the LA Convention Center, features a 160 kilowatt front motor and a 270 kilowatt [...]
SEOUL/LOS ANGELES, Nov. 22 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, said Friday it has showcased the updated version of its electric GV70 SUV at the Los Angeles Auto Show. The revamped model introduces new features, including micro lens array technology used to create a distinct lighting effect and a specially designed [...]