SEOUL, Sept. 24 (Korea Bizwire) — Hybrid electric vehicles (HEV) are becoming part of a new eco-conscious trend in the South Korean automobile market. The high fuel efficiency and low noise typical of hybrid vehicles are leading to higher demand among consumers despite a recent government decision to cut off all subsidies starting this year. [...]
SEOUL, Jul. 19 (Korea Bizwire) — Hyundai Motor Group, South Korea’s biggest carmaker, said Friday it has developed the world’s first active shift control (ASC) technology for hybrid vehicles. The new technology improves gear-shift efficiency for hybrid vehicles, according to Hyundai Motor. It will be applied to the upcoming Sonata hybrid and the group’s other [...]
SEOUL, Jun. 24 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Monday it will supply 2,000 Ioniq hybrid vehicles to a Singaporean transportation company by the first half of 2020. The Ioniq gasoline hybrid vehicles will be operated as taxis by ComfortDelGro, a local land transportation giant with business interests in bus, [...]
SEOUL, Apr. 10 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are expanding their presence in the hybrid vehicle market in the United States, backed by brisk sales of their latest sports utility vehicle (SUV) models, data showed Sunday. The South Korean automobile companies sold a combined 4,358 hybrid vehicles in [...]
SEOUL, Feb. 8 (Korea Bizwire) – South Korea’s leading automaker Hyundai Motor Co. has reportedly postponed the launch of its Sonata plug-in hybrid in China by nearly a year, company official said Wednesday, due to what many believe is China’s trade retaliation against the planned deployment of a U.S. air missile defense system to South [...]
SEOUL, July 25 (Korea Bizwire) – According to Hyundai Motor, 48 percent of the customers who purchased its eco-friendly hybrid models – Ioniq, Sonata and Grandeur (Azera) – between January and May chose white-colored vehicles, indicating that white is the most popular color for eco-friendly cars. The Ioniq Hybrid showed the highest percentage with 66 [...]
SEOUL, June 1 (Korea Bizwire) – Hybrid or electric-powered cars could be much more dangerous to pedestrians than traditional vehicles because of their silence, a report said Wednesday. According to the report by Hyundai Marine & Fire Insurance Co., walkers are 1.6 times more likely to be run over by a quiet hybrid or electric car than [...]
SEOUL, May 30 (Korea Bizwire) – Sales of hybrid cars have fast risen in South Korea this year as the popularity of diesel vehicles is losing its spark due to the loss of consumer trust and rising concerns over air pollution, data showed Monday. Korean automakers sold a combined 14,173 hybrid cars in the first four [...]
SEOUL, Korea, April 21, 2014 (Korea Bizwire) – Any Seoul resident can get sizable tax cuts upon the purchase of an environment-friendly hybrid car. The tax benefits are offered until the end of this year. Thanks to the incentives, as well as to the heightened awareness on the environment, the number of hybrid vehicles registered [...]