SEOUL, Jul. 10 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are aiming for a rebound in domestic electric vehicle (EV) sales in the second half of the year with reasonably priced new entry-class compact models. According to industry data, Hyundai Motor sold a total of 16,842 EVs domestically in [...]
SEOUL, Jul. 2 (Korea Bizwire) — Kia’s Sorento SUV was the top-selling car in South Korea during the first half of 2024, according to industry data Tuesday. According to auto industry sales data, Sorento sold 49,588 units during the January-June period. Kia’s Carnival minivan and Hyundai Motor’s Santa Fe SUV followed, selling 44,868 units and [...]
SEOUL, Jun. 21 (Korea Bizwire) — Combined vehicle sales of Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, in Europe fell 4.9 percent in May from a year ago, industry data showed Friday. According to data from the European Automobile Manufacturers’ Association (ACEA), Hyundai and Kia sold a combined 92,196 units in Europe [...]
SEOUL, Jun. 19 (Korea Bizwire) – Hyundai Motor’s share price reached a historic peak on June 18, propelled by the anticipated effects of its Indian subsidiary’s initial public offering (IPO). Kia Motors, which had traded range-bound after its dividend payout following a March high, also surpassed its previous record, with both automakers setting new highs on [...]
SEOUL, May 30 (Korea Bizwire) – South Korea’s automakers led all industries in cash dividends paid to shareholders last year, reflecting a boom in exports and demand for eco-friendly vehicles even as a global chip slump weighed on technology giants. Listed companies distributed a total of 29.5 trillion won in cash dividends for 2023, up 3.3% [...]
SEOUL, May 14 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, on Tuesday announced the release of a redesigned and upgraded version of its EV6 electric vehicle, which was first introduced in 2021. The revamped crossover SUV features a fresh design and is equipped with a fourth-generation 84 kWh battery and an advanced infotainment [...]
SEOUL, Apr. 22 (Korea Bizwire) – Kia Motors has launched a new service in the North American market that allows customers to customize the design of their vehicle’s cluster and infotainment displays according to their preferences. Ahead of the start of the NBA playoffs, Kia has introduced “Display Themes” that change the visual appearance of the [...]
SEOUL, Mar. 28 (Korea Bizwire) – In a bold move to bolster its future global competitiveness, Hyundai Motor Group has announced a large-scale domestic hiring and investment initiative. Over the next three years, the automotive giant plans to recruit 80,000 new employees in South Korea and invest a staggering 68 trillion won. Hyundai’s production workers, known [...]
SEOUL, Mar. 26 (Korea Bizwire) – Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it has hired two former Mercedes-Benz and BMW designers for its operations in Europe and China in the latest move to strengthen its design capabilities. Former Mercedes-Benz designer Oliver Samson and former BMW designer Lim Seung-mo will begin serving as head [...]
SEOUL, Mar. 19 (Korea Bizwire) – Hyundai Motor and Kia have formed a partnership with government agencies, academic institutions, and industry associations to develop advanced firefighting technologies aimed at improving the safety of electric vehicles in the event of fires. On March 18, the automakers signed a joint agreement with the National Fire Agency Research Institute, [...]