SEOUL, Aug. 30 (Korea Bizwire) – Jeep, the American brand renowned for its rugged off-road vehicles, is preparing to launch its first all-electric SUV, the Avenger, in South Korea next month. This move marks a significant step in the brand’s electrification journey and its expansion in the Asian market. The compact electric SUV, which has garnered [...]
SEOUL, Aug. 29 (Korea Bizwire) — The inaugural flight of South Korean low-cost carrier (LCC) T’way Air from Paris to Incheon was canceled due to a technical problem of the aircraft, industry sources said Thursday. Flight TW402, which was scheduled to depart from Paris to Incheon at 8:30 p.m. local time on Wednesday, was canceled [...]
SEOUL, Aug. 28 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, said Wednesday it plans to achieve an annual sales volume of 5.55 million vehicles in 2030. Hyundai Motor said the sales target represents a more than 30 percent increase compared to its annual sales figure for 2023. To this end, Hyundai Motor [...]
SEOUL, Aug. 28 (Korea Bizwire) — Samsung SDI Co., a South Korean battery maker, said Wednesday it has signed a formal deal with global automaker General Motors Co. to jointly build electric vehicle (EV) batteries in the U.S. state of Indiana. Under the deal, the two companies will invest a combined US$3.5 billion to build [...]
SEOUL, Aug. 26 (Korea Bizwire) – In the wake of a devastating electric vehicle (EV) fire in Incheon, South Korean automakers and consumers are turning their attention to early warning systems designed to detect battery abnormalities. These systems are being hailed as a practical fire prevention measure, capable of alerting drivers to potential issues before they [...]
SEOUL, Aug. 25 (Korea Bizwire) – Electric vehicle models produced by South Korea’s Hyundai Motor Co. and Kia Corp. have received top ratings in major global car crash safety tests, according to the companies Sunday. According to the companies, five Hyundai and Kia EV models utilizing the E-GMP, Hyundai Motor Group’s proprietary EV platform, achieved [...]
SEOUL, Aug. 25 (Korea Bizwire) – The government and the ruling People Power Party (PPP) agreed Sunday to introduce a system mandating automakers to disclose the battery brand information of all electric vehicles (EVs). During a meeting between senior government officials and PPP officials, the two sides also agreed to launch at an early date [...]
SEOUL, Aug. 23 (Korea Bizwire) — Hyundai Motor Group said Friday it has been recognized by U.S. consumer data research firm J.D. Power as leading car brands in terms of technology experience among consumers in the American market in 2024. According to Hyundai, the company ranked first place for the fifth consecutive year among mass-market [...]
SEOUL, Aug. 23 (Korea Bizwire) – The Association of GM Korea Suppliers, representing a crucial link in the automotive manufacturing chain, issued an impassioned plea on August 22 for a rapid resolution to the ongoing labor negotiations at GM Korea, highlighting the severe financial strain placed on supplier companies due to prolonged partial strikes. In a [...]
SEOUL, Aug. 23 (Korea Bizwire) – Porsche’s first all-electric sports car, the Taycan, has returned with significant improvements in performance and convenience features, marking its first major update since its introduction to the Korean market four years ago. At a launch event held on August 22 at the Grand Hyatt Seoul, Porsche Korea unveiled nine new [...]