SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group’s eco-friendly vehicle exports jumped 46.6 percent in the first four months of this year compared with a year earlier, led by robust demand for its electric vehicle (EVs) and hybrid models, industry data showed Monday. The combined exports of eco-friendly models by the Korean automotive group’s [...]
SEOUL, May 28 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., the Seoul Museum of Art, and Seoul National University Bundang Hospital are joining hands to develop a self-driving wheelchair. The initiative comes as a part of efforts to assist vulnerable groups using the autonomous wheelchair technology in development by ZER01NE, an open [...]
SEOUL, May 20 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. — South Korea’s top two automakers — reported an over fourfold jump in auto sales in Europe last month compared with a year earlier thanks to a lower base effect and robust demand for eco-friendly models, industry data showed Thursday. The corporate duo [...]
SEOUL, May 5 (Korea Bizwire) — Kia Corp., South Korea’s No. 2 automaker, said Wednesday its first all-electric model, the EV6, logged decent presale orders in Europe. According to the automaker, presale orders for the EV have topped 7,000 in Britain, France, Germany and other major countries, with the number set to further rise. Kia [...]
SEOUL, May 4 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Tuesday launched the hybrid version of the K8 sedan in the domestic market, completing a four-model lineup for the vehicle. The K8 hybrid comes with a 1.6-liter gasoline turbo hybrid engine, adding to the lineup of 2.5-liter gasoline, 3.5 gasoline and 3.5 [...]
SEOUL, May 4 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Tuesday their combined U.S. sales more than doubled in April from a year earlier on robust demand for their SUV models. Hyundai and Kia sold a total 147,700 vehicles in the United States last month from [...]
SEOUL, April 29 (Korea Bizwire) — South Korean automaker Kia Corp. and its battery supplier SK Innovation Co. will work together for the recycling of used electric vehicle (EV) batteries to secure valuable metals and reduce waste, the companies said Thursday. SK Innovation supplies lithium-ion batteries for Kia’s EV6 and other EV models, and they [...]
SEOUL, April 22 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday its first-quarter net profit nearly tripled from a year earlier on a low base effect and strong sales of sports utility vehicles (SUVs), but the company is worried about the impact of global chip shortages on production. Net profit in the [...]
SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Group said Thursday it will launch more than 20 electric models in China by 2030 as it is struggling to revive sales in the world’s biggest automobile market. Hyundai Motor Co. and affiliate Kia Corp. will gradually launch 21 hydrogen fuel-cell electric and other electrified vehicles, including [...]
SEOUL, April 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. — South Korea’s two biggest carmakers — are expected to have raked in solid earnings in the first quarter of the year on a base effect and an improved product mix, analysts said Wednesday. In the first quarter of 2020, Hyundai [...]