SEOUL, South Korea, Aug. 10 (Korea Bizwire) — Nexen Tire, a leading global tire manufacturer, has announced that the company has been selected to supply original equipment for Kia’s first electric car, the EV6. Nexen Tire’s ROADIAN GTX EV and N’FERA Sport EVs will be fitted to the EV6, Kia’s first electric vehicle model that [...]
SEOUL, Aug. 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their sales jumped 26 percent in the United States last month from a year earlier on strong demand for SUVs. Hyundai Motor and Kia sold a total of 138,599 vehicles in the U.S. last month, up from 110,156 units [...]
SEOUL, Aug. 2 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Monday launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year. The EV6 is Kia’s first model embedded with Hyundai Motor Group’s own EV-only electric-global modular platform (E-GMP). Kia has received over 30,000 preorders for [...]
SEOUL, July 22 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s two biggest carmakers, on Thursday reported strong second-quarter earnings on a base effect and strong sales of their high-end SUVs. Hyundai’s net profit for the three months that ended in June jumped to 1.98 trillion won (US$1.7 billion) from [...]
SEOUL, July 20 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, launched the all-new Sportage SUV in the domestic market Tuesday to meet rising demand for the vehicle type. The new Sportage comes with a 1.6-liter turbocharged gasoline hybrid engine, a 1.6 turbocharged gasoline engine or a 2.0 diesel engine, the company said in [...]
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 [...]