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Genesis Luxury Brand Chips Away at Import Car Sales in South Korea

Genesis Luxury Brand Chips Away at Import Car Sales in South Korea

SEOUL, May 13 (Korea Bizwire) – Within Hyundai Motor Company, there is a growing perception that Audi customers are starting to buy Genesis models, according to industry sources on May 12. This assessment is backed by more than just surface-level sales figures. Some imported car brands, unable to withstand the Genesis onslaught, are downsizing operations in [...]

Hyundai Motor Introduces Revamped Ioniq 5 EV

Hyundai Motor Introduces Revamped Ioniq 5 EV

SEOUL, Mar. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can travel up [...]

Hyundai Motor’s January Sales Rise by 1.8% Driven by Strong Overseas Demand

Hyundai Motor’s January Sales Rise by 1.8% Driven by Strong Overseas Demand

SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Thursday its January sales rose 1.8 percent from a year earlier helped by strong overseas demand. Hyundai Motor sold 315,555 vehicles in January, up from 310,123 units a year earlier, the company said in a statement. Overseas sales rose 2.8 percent [...]

Hyundai Drives Success in 2023 as South Korean Carmakers Surpass 8 Million Units in Combined Sales

Hyundai Drives Success in 2023 as South Korean Carmakers Surpass 8 Million Units in Combined Sales

SEOUL, Jan. 3 (Korea Bizwire) – In a remarkable performance, Hyundai Motor Co., South Korea’s largest carmaker, reported a 6.9 percent surge in 2023 sales compared to the previous year. Bolstered by the introduction of new sport utility vehicle models and eco-friendly cars, Hyundai Motor achieved a total sales figure of 4,216,680 vehicles, showcasing the [...]