SEOUL, March 23 (Korea Bizwire) — Kia’s compact electric SUV, the EV3, has quickly become a dominant force in South Korea’s electric vehicle market, securing the top sales position this year and demonstrating broad appeal across age groups. According to industry data released Sunday, Kia sold 429 units of the EV3 in January and 2,257 in [...]
SEOUL, March 21 (Korea Bizwire) — After facing a surge in thefts that tarnished their reputation in the American market, Hyundai and Kia have seen a dramatic turnaround, with vehicle theft rates dropping significantly following the implementation of enhanced anti-theft measures. According to data from the National Insurance Crime Bureau (NICB), reported by Reuters on [...]
SEOUL, March 21 (Korea Bizwire) — Hyundai Motor Group is accelerating efforts to expand its production footprint in the United States, amid U.S. President Donald Trump’s continued call for foreign companies to manufacture in the country to do business there, according to industry observers Friday. According to the industry sources, the group plans to hold [...]
SEOUL, March 21 (Korea Bizwire) — A study released on March 20 by the Korea Consumer Agency has revealed significant safety vulnerabilities in electric vehicle (EV) parking areas within public parking facilities, raising concerns about fire hazards and emergency response capabilities. The investigation, which examined EV charging facilities at 30 public parking structures, found that [...]
SEOUL, March 20 (Korea Bizwire) – Jose Munoz, the chief executive officer (CEO) of Hyundai Motor Co., on Thursday highlighted growing trade tensions and protectionism as key challenges for the global automotive industry in 2025, urging strategic adaptability to maintain the company’s growth momentum. Speaking at Hyundai Motor’s annual general shareholders’ meeting in Seoul, Munoz [...]
SEOUL, March 20 (Korea Bizwire) — Tucson, a compact sport utility vehicle (SUV) of Hyundai Motor Co., is posed to surpass 10 million units in cumulative sales this year to become the automaker’s third vehicle to achieve the milestone, according to industry observers Thursday. According to Hyundai Motor’s investor relations data, the Tucson had recorded [...]
SEOUL, March 19 (Korea Bizwire) — SK On has signed its first-ever battery supply contract with a Japanese automaker, securing a massive deal with Nissan valued at an estimated 15 trillion won (approximately $11 billion). In a regulatory filing on Tuesday, SK On announced that it will supply Nissan with 99.4 gigawatt-hours (GWh) of high-performance high-nickel [...]
SEOUL, March 19 (Korea Bizwire) — Hyundai Mobis is ramping up production of self-designed automotive semiconductors, building on the semiconductor business it acquired from Hyundai Autron in 2020, and expanding its presence in global innovation hubs. The company announced on Tuesday that it has completed research and reliability testing for key semiconductors used in electrification, [...]
SEOUL, March 18 (Korea Bizwire) — GM Korea has officially unveiled the world’s largest GM-owned service center, underscoring the automaker’s long-term commitment to the South Korean market. At a media tour held on Tuesday at the GM Seoul Service Center in Yeongdeungpo, William Henry, GM’s senior vice president for international operations, emphasized the center’s significance. “In [...]
SEOUL, March 18 (Korea Bizwire) — South Korea will promote its artificial intelligence (AI) and future mobility solutions at a Japanese exhibition set to open next month, a trade promotion agency said Tuesday. Expo 2025 Osaka is scheduled to open April 13 on Yumeshima, an artificial island on Osaka Bay, and run for six months [...]