SEOUL, April 25 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest battery maker, said Friday it swung to a net loss in the first quarter from a year earlier due to a prolonged slump in the electric vehicle (EV) market. In the three months ended March, the company posted a net loss of 216 [...]
SEOUL, April 25, (Korea Bizwire) — South Korea’s largest corporations are ramping up their responses to the renewed threat of U.S. tariffs under the Trump administration by stockpiling inventory and expanding production within the United States, signaling a shift toward more aggressive contingency planning. During first-quarter earnings calls on April 24, companies across the automotive, [...]
SEOUL, April 24 (Korea Bizwire) — Hyundai Motor Group said Thursday it has partnered with the Indian Institute of Technology (IIT) Delhi to establish a new research center in India aimed at advancing future mobility technologies, with a focus on electrification and battery systems. Under their partnership agreement signed Wednesday, the two sides will establish [...]
SEOUL, April 23 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched a refreshed version of the Kona, the automaker’s flagship small sport utility vehicle (SUV), with expanded safety and convenience features. The revamped Kona also comes with a new trim level named H-Pick, which includes a range of features as standard, such as blind-spot [...]
SEOUL, April 22 (Korea Bizwire) — South Korea successfully launched its fourth homegrown military spy satellite from a U.S. space base in Florida, the defense ministry said Tuesday, in efforts to strengthen its independent surveillance capabilities on North Korea. A SpaceX Falcon 9 rocket, carrying the spy satellite, lifted off at 8:48 p.m. Monday (U.S. [...]
SEOUL, April 21 (Korea Bizwire) — Hyundai Motor Co. said Monday it has delivered five electric buses to the transportation unit of Japan’s Iwasaki Group, marking its first commercial electric bus delivery in the neighboring country. The South Korean automaker held a delivery ceremony for the Elec City Town buses with Iwasaki Group in Yakushima, [...]
SEOUL, April 21 (Korea Bizwire) — As global automakers confront slowing demand for fully electric vehicles (EVs), South Korean carmakers Kia and Hyundai are turning to range-extended electric vehicles (EREVs) to bridge the adoption gap and unlock new revenue streams for the struggling battery industry. Kia revealed it is developing an EREV pickup model alongside its [...]
SEOUL, April 20 (Korea Bizwire) — As electric vehicle (EV) demand shows signs of plateauing, Hyundai Motor Group is shifting attention to hybrid technology, unveiling a next-generation hybrid system featuring a dual-motor transmission — a first for the company — to bridge performance, efficiency, and adaptability across its vehicle lineup. The new system, introduced at the [...]
SEOUL, April 20 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Sunday it has sold over 500,000 units of the Palisade sport utility vehicle (SUV) in the United States. The cumulative sales of the Palisade in the United States reached 506,425 units as of the end of last month, according to Hyundai’s [...]
SEOUL, April 20 (Korea Bizwire) — Kia has cemented its position as a global automotive powerhouse, with its compact electric SUV, the EV3, winning the coveted title of World Car of the Year (WCOTY) at the 2025 World Car Awards held during the New York International Auto Show. This marks the second consecutive year Kia has [...]