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 [...]
SEOUL, Sept. 17 (Korea Bizwire) — On the eve of its maiden voyage, Seoul unveiled its long-awaited “Hangang Bus” on Wednesday, positioning the sleek new ferry service as both a commuter option and a lifestyle attraction along the capital’s iconic waterway. At an inauguration ceremony held at Yeouido Pier, Mayor Oh Se-hoon joined lawmakers and local [...]
SEOUL, Sept. 16 (Korea Bizwire) — Hyundai Motor Group said Tuesday it will host a special technology-based exhibition in Seoul this week highlighting creative projects that explore the intersection of technology, art and mobility. The five-day event, named “2025 Zero1ne Day,” will run from Wednesday at the group’s multipurpose venue in eastern Seoul. It will [...]
SEOUL, Sept. 15 (Korea Bizwire) — Hyundai Motor Group is grappling with twin challenges in the U.S. market: the imminent end of federal tax credits for electric vehicles and a delay in the completion of its joint battery plant with LG Energy Solution. The Biden administration’s Inflation Reduction Act incentives, which offered up to $7,500 in [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korea’s consumer dispute panel has ruled that Volkswagen Group Korea must provide free inspections and replacements for defective air-conditioning systems in certain Audi Q4 e-tron 40 models, citing structural flaws that caused repeated failures. The Korea Consumer Agency’s dispute settlement committee said on Thursday that its review found the [...]
MUNICH, Sept. 11 (Korea Bizwire) — Hyundai Mobis, the parts and technology arm of Hyundai Motor Group, used Europe’s largest mobility exhibition on Tuesday to sharpen its ambition of becoming a global top-three auto supplier, highlighting its push into electrification and software-defined vehicles. At the IAA Mobility 2025 in Munich, Axel Maschka, the company’s head [...]
MUNICH, Sept. 9 (Korea Bizwire) — Hyundai Motor unveiled its first small electric vehicle concept on Tuesday at Europe’s largest mobility fair, underscoring the South Korean automaker’s push to expand its EV lineup into the compact segment, where demand is strongest in Europe. The concept car, dubbed “Concept THREE,” was introduced at the IAA Mobility 2025 [...]
SEOUL, Sept. 3 (Korea Bizwire) — BYD’s debut passenger model in South Korea, the Atto 3, has received a disappointing safety rating in the nation’s official crash and safety assessments, dealing a setback to the Chinese automaker as it seeks to expand in one of the world’s most competitive car markets. The Korea Transportation Safety Authority [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts company, said Wednesday it will participate in the upcoming IAA Mobility 2025, Europe’s largest auto show held in Germany, to present its future mobility vision and technologies. The auto parts unit of Hyundai Motor Group will showcase more than 20 technologies [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hyundai Motor on Tuesday unveiled teaser images of its first compact concept under the Ioniq electric vehicle lineup, signaling a bold push into the small EV market as it prepares for a global debut at next month’s IAA Mobility 2025 in Munich. The model, called Concept Three, adopts [...]