SEOUL, Oct. 4 (Korea Bizwire) – Sales of the Genesis GV80, a luxury SUV from Hyundai Motor’s premium brand, are surging despite its hefty price tag. The vehicle’s sales figures are outpacing those of its more affordable counterpart, the Hyundai Palisade, showcasing the growing appetite for luxury vehicles in the South Korean market. According to Hyundai [...]
SEOUL, Oct. 4 (Korea Bizwire) — BMW Korea Co.’s driving center has attracted over 1.5 million visitors since opening a decade ago, amid the company’s continued efforts to offer unique driving experiences despite it recording annual losses, according to company officials Friday. According to BMW Korea, the company has invested 90 billion won (US$67.5 million) [...]
SEOUL, Oct. 3 (Korea Bizwire) — The transport ministry said Thursday it has imposed fines on Saudia Airlines, Qatar Airways and eight other domestic and foreign airlines for violating South Korea’s aviation law. Saudia Airlines was slapped with a fine of 100 million won (US$75,500) for suspending its flights linking Incheon and Riyadh without permission [...]
SEOUL, Oct. 3 (Korea Bizwire) – Mercedes-Benz Korea announced on October 2 the launch of its updated off-road vehicle, the New G450d, a refreshed version of the iconic G-Class SUV. The new model maintains the G-Class’s signature boxy exterior and analog charm while significantly improving driving performance and convenience features. A key upgrade in the G450d [...]
SEOUL, Oct. 3 (Korea Bizwire) – Genesis, the luxury vehicle division of Hyundai Motor Group, revealed Black Editions of its premium large SUVs, the Genesis GV80 and GV80 Coupe, on October 2. The GV80 Black is the brand’s second all-black model following the G90 Black. Genesis states that these new editions maximize luxury by applying black [...]
SEOUL, Sept. 30 (Korea Bizwire) — Hyundai Motor Co. on Monday reached a major milestone of 100 million units in global cumulative production, an achievement accomplished in 57 years since the company’s foundation, the automaker said. In celebration of the achievement, Hyundai Motor held a ceremony at its plant in Ulsan, some 300 kilometers southeast [...]
SEOUL, Sept. 27 (Korea Bizwire) — Kia Corp. said Friday it has completed building Hyundai Motor Group’s first manufacturing facility dedicated solely to electric vehicles, which boasts an annual capacity of producing 150,000 units. Kia held a ceremony for the Kia Gwangmyeong EVO Plant, located at Kia Autoland in Gwangmyeong, just south of Seoul, which [...]
SEOUL, Sept. 26 (Korea Bizwire) –Hyundai Motor Group said Thursday it plans to develop an unmanned firefighting robot to deal with underground electric vehicle fires in underground parking lots. The automotive group said it will partner with the National Fire Agency to develop the firefighting robot by the end of the year and deploy them [...]
SEOUL, Sept. 26 (Korea Bizwire) – As the global electric vehicle (EV) market navigates through a period of slowing demand, a clear divergence in consumer preferences is emerging between South Korea’s domestic market and its export destinations. According to data from the Korea Automobile & Mobility Association (KAMA), small electric vehicles are gaining traction domestically, while [...]
SEOUL, Sept. 26 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automotive companies, said Thursday they have launched a joint project to develop cathode material technology for producing LFP (lithium iron phosphate) batteries for electric vehicles. The joint project, also involving Hyundai Steel Co. and Ecopro BM Co., aims to develop [...]