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 [...]
SEOUL, April 8 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Thursday launched the K8 sedan, the first model under its new brand logo, in the domestic market. The K8 comes with a 2.5-liter gasoline, 3.5-liter gasoline or 3.5-liter liquefied petroleum injection engine. The model with a 1.6-liter gasoline turbo hybrid engine will [...]
SEOUL, April 2 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Friday their combined U.S. sales jumped 76 percent in March from a year earlier on robust demand for their SUV models. Hyundai and Kia sold a total 141,926 vehicles in the United States last month from [...]
SEOUL, March 30 (Korea Bizwire) — Kia Corp. on Tuesday unveiled the EV6, its first all-electric model built on a dedicated platform that can travel over 500 kilometers on a single charge. In an online world premier event, South Korea’s No. 2 automaker showcased its crossover EV6 based on its parent Hyundai Motor Group’s electric [...]
SEOUL, March 24 (Korea Bizwire) — Kia Corp.’s management and its sales union are in a dispute over online reservations for the EV6 all-electric model scheduled to be rolled out later this month. The sales union views EV6 pre-orders online as a sign of full-scale online sales. The carmaker’s management plans to open preliminary online [...]
SEOUL, March 24 (Korea Bizwire) — Kia Corp.’s new large sedan, the K8, received a strong response from the domestic market, with first-day preorders setting a record high among its sedan models, the nation’s No. 2 carmaker said Wednesday. Kia started receiving orders for the K8, a direct follow-up to the K7, known as the [...]
SEOUL, March 22 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. will join hands with Woowa Brothers, South Korea’s top food delivery app operator, to develop unmanned delivery robots. The three companies recently signed a memorandum of understanding to start a research and development (R&D) project on robotics mobility and distribution for delivery [...]