SEOUL, Oct. 16 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading automotive parts maker, said Wednesday it has signed an investment agreement worth some 350 billion won (US$256.2 million) with the Slovak government to build manufacturing facilities for electric vehicle (EV) parts in the European country. Hyundai Mobis said it has signed the agreement [...]
SEOUL, Oct. 15 (Korea Bizwire) – As the race to dominate the future of the automotive industry intensifies, with a focus on electrification and software-defined vehicles (SDVs), a wave of strategic partnerships is reshaping the global automobile market. Industry analysts suggest these alliances are largely driven by a shared concern: the need to respond to China’s [...]
SEOUL, Oct. 10 (Korea Bizwire) – Porsche Korea announced on October 10 the official launch of its new third-generation Panamera Turbo E-Hybrid, a high-performance luxury sedan that promises improved driving dynamics and efficiency. The new model, which replaces the previous Turbo S variant, combines a powerful combustion engine with an advanced electric motor, reflecting the auto [...]
SEOUL, Oct. 9 (Korea Bizwire) — The number of imported electric vehicles (EVs) newly registered in South Korea fell 40.1 percent on-year over the August-September period, data showed Wednesday, amid the public’s lingering concerns over their safety. According to data compiled by the Korea Automobile Importers & Distributors Association, 6,868 imported EVs were newly registered [...]
SEOUL, Oct. 7 (Korea Bizwire) — Mercedes-Benz car dealers in South Korea have apparently been trained by the company’s local unit to tell customers that the automaker used battery cells produced exclusively by CATL in its electric vehicle (EV) models. In the 2023 EQ Sales Playbook, Mercedes-Benz Korea’s official dealer training material, dealers were instructed [...]
SEOUL, Oct. 7 (Korea Bizwire) – Hyundai Motor Company announced on October 6 that cumulative sales of its hydrogen-powered electric bus, the Elec City FCEV, have exceeded 1,000 units. As of last month, total sales reached 1,032 vehicles, a significant milestone for the automotive giant’s eco-friendly public transportation initiative. The Elec City FCEV, introduced in 2019, represents [...]
SEOUL, Oct. 6 (Korea Bizwire) – The South Korean units of Mercedes-Benz Group AG and Volkswagen Group plan to provide information regarding the battery management system (BMS) of their electric vehicle (EV) models to the local transport safety authority, according to officials Sunday. According to a Korea Transportation Safety Authority (KTSA) report submitted to Rep. [...]
SEOUL, Oct. 3 (Korea Bizwire) – Mercedes-Benz Korea announced on October 2 the launch of its updated off-road vehicle, the New G450d, a refreshed version of the iconic G-Class SUV. The new model maintains the G-Class’s signature boxy exterior and analog charm while significantly improving driving performance and convenience features. A key upgrade in the G450d [...]
SEOUL, Sept. 27 (Korea Bizwire) — Kia Corp. said Friday it has completed building Hyundai Motor Group’s first manufacturing facility dedicated solely to electric vehicles, which boasts an annual capacity of producing 150,000 units. Kia held a ceremony for the Kia Gwangmyeong EVO Plant, located at Kia Autoland in Gwangmyeong, just south of Seoul, which [...]
SEOUL, Sept. 26 (Korea Bizwire) –Hyundai Motor Group said Thursday it plans to develop an unmanned firefighting robot to deal with underground electric vehicle fires in underground parking lots. The automotive group said it will partner with the National Fire Agency to develop the firefighting robot by the end of the year and deploy them [...]