SEOUL, Jan. 19 (Korea Bizwire) — Kia Motors achieved its highest-ever electric vehicle (EV) sales in 2024, fueled by robust demand in North America and the success of its large EV models, including the EV9. The company’s global EV sales from January to November reached 184,852 units, a 10.9% increase from the same period in 2023. [...]
SEOUL, Jan. 19 (Korea Bizwire) — Hyundai Motor Company revealed its vision for India’s micro-mobility market at the Bharat Mobility Global Expo 2025, showcasing concept models for three-wheeled and compact four-wheeled electric vehicles (EVs) designed specifically for the country’s unique transportation landscape. Micro-mobility, encompassing electric motorcycles and ultra-compact EVs, plays a critical role in regions like [...]
SEOUL, Jan. 17 (Korea Bizwire) — Kia Corp. said Friday it has commenced mass production of Syros, the automaker’s new global strategic compact sport utility vehicle (SUV), in India. The South Korean automaker held a ceremony Thursday at its production plant in Andhra Pradesh, India, to mark the occasion, with attendees including Kia CEO Song [...]
SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, have picked up awards for 19 products at the 2024 Good Design Awards in the United States for their innovative design competitiveness, the companies said Friday. Hyundai Motor secured awards in the transportation category for its future mobility concepts, [...]
SEOUL, Jan. 16 (Korea Bizwire) — For the first time since the 1997-1998 Asian financial crisis, South Korea’s imported car market has experienced a two-year consecutive decline in sales. According to the Korea Automobile Importers & Distributors Association (KAIDA) on January 15, the number of newly registered imported passenger vehicles in 2024 totaled 263,288 units, marking [...]
SEOUL, Jan. 16 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, said Thursday it has released an updated version of its electrified GV70 sport utility vehicle (SUV) with enhanced driving range and design. The new model is equipped with an 84 kilowatt-hour fourth-generation battery, offering a range of 423 kilometers per charge. The [...]
SEOUL, Jan. 16 (Korea Bizwire) — KG Mobility Corp. said Thursday that it has signed a technical cooperation agreement with Phinia Delphi France SAS to jointly develop hydrogen engine technology. Under the agreement, the companies will cooperate in a South Korean government project involving the development of a low-cost commercial hydrogen engine together with the [...]
SEOUL, Jan. 15 (Korea Bizwire) — The South Korean government unveiled new measures on Wednesday to bolster the competitiveness of eco-friendly vehicles and secondary batteries, focusing on expanding electric vehicle (EV) charging infrastructure and extending highway toll discounts for electric and hydrogen vehicles. As part of this initiative, the government plans to introduce medium-speed EV chargers [...]
SEOUL, Jan. 15 (Korea Bizwire) — BMW Group Korea marked its 30th anniversary in 2025, commemorating three decades of success and growth in the South Korean market. Established in July 1995 as the first wholly-owned local subsidiary of a foreign automaker in Korea, BMW Korea has significantly expanded its presence through strategic investments and market leadership. [...]
CHANGWON, Jan. 15 (Korea Bizwire) — Korea Electrotechnology Research Institute (KERI) has announced the development of a high-efficiency, flexible metal fiber fabric heating element, potentially revolutionizing electric vehicle (EV) interior heating systems. The research team, led by Dr. Dong-Yoon Lee, unveiled this innovation on January 14, 2025. This technology aligns with Hyundai Motor Group’s 2022 [...]