SEOUL, July 19 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp.’s environment friendly vehicle exports jumped 45 percent in the January-May period from a year earlier on strong demand for their hybrid sport utility vehicles. Hyundai and Kia shipped a combined 145,781 eco-friendly vehicles in the first five months, up from 100,691 [...]
SEOUL, July 13 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. are set to report a sharp rebound in operating profit for the second quarter on strong demand for their vehicles that offset output disruptions by semiconductor shortages, analysts said Tuesday. Hyundai and Kia, which together form the world’s fifth-biggest carmaker by [...]
SEOUL, July 12 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. signed a memorandum of understanding (MOU) with Canadian electrolysers manufacturer Next Hydrogen Solutions Inc. for the joint development and commercialization of a water electrolysis system for the production of green hydrogen. Under terms of the MOU, the companies will focus on enhancing the performance [...]
SEOUL, July 5 (Korea Bizwire) — Kia Corp. is expected to post better-than-expected earnings for the second quarter on brisk sales at home and abroad, local brokerages said Monday. Kiwoom Securities Co. forecast the operating income of South Korea’s No. 2 automaker to stand at 1.58 trillion won (US$1.4 billion) for the April-June period, upgrading [...]
SEOUL, July 4 (Korea Bizwire) — Hyundai Motor Group’s eco-friendly vehicle sales in South Korea jumped nearly 40 percent in the first half of this year compared with a year earlier on strong demand for hybrid models and new electric vehicles, its sales data showed Sunday. The combined domestic sales of eco-friendly models by the [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales jumped 44 percent in the United States last month from a year earlier on strong demand for their SUVs. Hyundai and Kia sold 140,951 vehicles in the U.S. in June, up from 98,005 units in the [...]
SEOUL, June 27 (Korea Bizwire) — Cumulative electric vehicle (EV) sales in Europe from South Korea’s two largest automakers — Hyundai Motor Co. and Kia Corp. — have surpassed 200,000 units, company data showed Sunday. Hyundai and Kia, both under Hyundai Motor Group, had sold a combined 227,919 EVs in the European auto market as [...]
SEOUL, June 16 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it has partnered with U.S. ride-hailing company Uber Technologies Inc. to supply its electric vehicles in Europe. The strategic partnership is aimed at promoting the adoption of EVs and the expansion of the EV charging infrastructure in major European cities, Kia [...]
SEOUL, June 10 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday presale orders for its first all-electric model, EV6, have been fully reserved in one day in the United States. Kia sold all of the 1,500 units of the EV6 First Edition in an online preorder event in the world’s most important [...]
SEOUL, June 3 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Thursday their combined U.S. sales jumped 65 percent last month, marking record monthly sales for a third straight month on strong sales of their SUV models. Hyundai and Kia sold a total of 170,315 vehicles in [...]