SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Thursday they have unveiled their electric concept SUVs at the Los Angeles Auto Show as they strengthen their all-electric portfolios in line with rival carmakers’ electrification push. Hyundai and Kia debuted the large-sized “Seven” and flagship “EV9″ concept models built on [...]
SEOUL, Nov. 11 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday it will sell only electric vehicles in Europe from 2035 and in other major markets from 2040 as it seeks to gradually phase out internal combustion-engine cars in global markets. Kia announced the 2045 carbon neutrality strategy as governments around the [...]
SEOUL, Nov. 11 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. are proving to be strong players in the Indian sport utility vehicle (SUV) market. The Society of Indian Automobile Manufacturers (SIAM) reported that out of 100,055 SUVs sold in India last month, Hyundai and Kia sold 18,538 and 15,931 vehicles, respectively. Hyundai [...]
SEOUL, Nov. 3 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 4.1 percent last month from a year earlier due to a lack of semiconductor parts. Hyundai and Kia sold 108,828 vehicles in the world’s most important automobile market in October from [...]
SEOUL, Nov. 1 (Korea Bizwire) — Worldwide sales of the IONIQ 5 and EV6, the first dedicated battery electric models from Hyundai Motor Co. and its affiliate Kia Corp., respectively, have exceeded 50,000 units just six months after their release, according to recent data. Hyundai Motor’s IONIQ 5 was released in April and Kia’s EV6 [...]
SEOUL, Oct. 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its third-quarter net profit rose sharply due to a lack of one-off costs, but chip shortages remain a major concern for the carmaker. Net profit for the three months ended in September jumped more than eightfold to 1.135 trillion won (US$970 [...]
SEOUL, Oct. 20 (Korea Bizwire) — Sales of Hyundai Motor Co. and affiliate Kia Corp. cars are up in Germany and Britain, the two largest economies in Europe with strong automobile industries. The German Association of the Automotive Industry reported an 8.7 percent increase in Hyundai and Kia car sales from last year with 129,257 [...]
SEOUL, Oct. 15 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. have teamed up with fuel cell maker Doosan Fuel Cell Co. to establish a hydrogen fuel cell power system as well as to launch a full-scale demonstration project. Companies on Thursday held a completion ceremony for the hydrogen fuel cell distributed power [...]
SEOUL, Sept. 22 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp.’s environment friendly vehicle sales in the United States more than doubled in August compared with a year ago, led by solid demand for their hybrid sport utility vehicles, industry data showed Wednesday. Hyundai and Kia sold a combined 8,312 eco-friendly cars [...]
SEOUL, Sept. 7 (Korea Bizwire) — With Hyundai Motor Co. and affiliate Kia Corp.’s sedan sales plunging to a new low, South Korea’s automobile market is now being driven by SUV sales. Data from the month of August showed that sedan and hatchback sales accounted for a mere 33.9 percent (31,179 vehicles) of all car [...]