SEOUL, Nov. 16 (Korea Bizwire) — Eco-friendly cars accounted for one-third of all new vehicle purchases made in the first nine months of 2023, government and industry data showed Thursday. According to data from the transportation ministry and the Korea Automobile Manufacturers Association, the rate of car purchasers who bought eco-friendly models, including hybrid and [...]
SEOUL, Nov. 16 (Korea Bizwire) — LG Electronics Inc. said Thursday it will introduce electric vehicle (EV) chargers in the United States next year as part of its strategy to advance into the fast-growing EV charging solutions business. Its 11 kilowatt wall-mounted and stand-type slow chargers, and 175 kW fast-charging models will be available in [...]
SEOUL, Nov. 15 (Korea Bizwire) — Mercedes-Benz Korea and three other car companies will recall over 10,000 vehicles due to defective components, the transportation ministry said Wednesday. The companies, which also include BMW Group Korea, Volkswagen Group Korea and domestic electrified van manufacturer Jeis Mobility, are voluntarily recalling a total of 10,981 units of 20 [...]
SEOUL, Nov. 14 (Korea Bizwire) – Hyundai Motor Group is intensifying its efforts to bolster the 2030 Busan World Expo bid through a distinctive art car exhibition in San Francisco, USA. On Tuesday, Hyundai Motor Group revealed plans to showcase 14 art cars featuring the Ioniq 5, EV6, and G80 electric models at the Asia-Pacific [...]
SEOUL, Nov. 14 (Korea Bizwire) – European aerospace giant Airbus SE said Tuesday it has been “actively” engaged with the South Korean government to set up a research and development (R&D) center in the country as it seeks to enhance partnerships with local companies. Airbus has said it aims to be a partner of choice [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea will feature two homegrown helicopters at an air show in Dubai this week, the state arms procurement agency said Monday, amid Seoul’s push to become a major defense exporter. The Surion multirole utility helicopter and the Light Armed Helicopter (LAH) — both built by Korea Aerospace Industries [...]
ULSAN, Nov. 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest automaker, held a groundbreaking ceremony Monday for a dedicated electrical vehicle (EV) manufacturing plant in the country’s southeastern industrial city of Ulsan, with a goal of producing 200,000 vehicles annually, starting in 2026. Hyundai will spend 2 trillion won ($1.51 billion) to build [...]
SEOUL, Nov. 12 (Korea Bizwire) — Sales of diesel automobiles built by local manufacturers fell more than 20 percent on-year through the third quarter of 2023, data showed Sunday, amid the rising preference for electric vehicles in the market. South Korea’s five carmakers sold 76,367 units of diesel passenger cars over the January-September period, down [...]
TOULOUSE, France, Nov. 12 (Korea Bizwire) — Franco-Italian turboprop maker ATR has touted the strength of its models as it aims to sell aircraft to South Korea by 2030, saying that its aircraft is optimized for short regional flights. ATR, a joint venture between European airplane giant Airbus and Italian aerospace group Leonardo, wants to [...]
SEOUL, Nov. 12 (Korea Bizwire) – South Korea’s Hyundai Motor Group stands as the second-largest player in the U.S. market for electric vehicles (EVs) despite concerns surrounding Washington’s protectionism policy, data showed Sunday. Hyundai Motor Co. took up 4.8 percent of the U.S. EV market in the January-September period, with its smaller sister Kia Corp. [...]