SEOUL, Jan. 15 (Korea Bizwire) — The global market for electric vehicles (EVs) is expected to see significant growth this year driven by the plug-in hybrid electric vehicle (PHEV) segment, while the battery electric vehicle (BEV) segment may continue to face challenges, a think tank run by Hyundai Motor Group said Wednesday. Yang Jin-soo, head [...]
SEOUL, Sept. 1 (Korea Bizwire) — Plug-in hybrid electric vehicles (PHEVs) from Hyundai Motor Co. and its affiliate Kia Corp. are selling well despite the global popularity of EVs. Hyundai Motor Group reported that since PHEVs were first released in 2015, the average annual sales growth reached 106.8 percent, easily surpassing EV’s annual sales growth [...]
SEOUL, Aug. 27 (Korea Bizwire) — Imported plug-in hybrid vehicles (PHEVs) are seeing a major sales boost this year as they are becoming more affordable or even less costly than vehicles with internal combustion engines. Getcha, a local data provider of new car releases, reported that BMW’s 530e sedan, this year’s best-selling PHEV model with [...]
SEOUL, Aug. 17 (Korea Bizwire) — Hyundai Motor Co.’s all-new Tucson plug-in hybrid SUV ranked first in a German automobile magazine’s performance assessment of SUV models. The Tucson plug-in hybrid SUV ranked No. 1 in a comparison review of SUVs by Germany’s Auto Bild, scoring 543 out of 800 points. Following the Tucson plug-in hybrid SUV were [...]
SEOUL, Nov. 17 (Korea Bizwire) — BMW Group Korea said Sunday it will strengthen its electrified vehicle lineup to revive sales in line with the German automotive group’s broad environment-friendly vehicle strategy. BMW has recently announced its plan to release 25 zero-emission and less-emitting vehicles by 2025. BMW Korea said it plans to add the [...]
SEOUL, Sept. 15 (Korea Bizwire) — SK Innovation Co. of South Korea has been picked to supply a battery pack for Ferrari’s first plug-in hybrid electric vehicle (PHEV), industry sources said Sunday. After two years of tests of various products, the Italian luxury sports carmaker has chosen SK Innovation as the supplier of the lithium-ion [...]
SEOUL, May 15 (Korea Bizwire) — Sales of plug-in hybrid electric vehicles (PHEVs) have yet to pick up in South Korea, mostly due to high prices and lack of consumer recognition, industry officials said Sunday. Hyundai Motor sold 37 units of its Ioniq plug-ins in April, the best monthly sales since the model’s launch in [...]
SEOUL, Dec. 11 (Korea Bizwire) - An eco-friendly power train of Hyundai Motor Co., South Korea’s leading automaker, has been selected as one of the global top 10 engines by a major U.S. automotive magazine, the company said Friday. Wards Auto included the power train used in Hyundai Motor’s Sonata plug-in hybrid vehicle (PHEV) in its [...]
SEOUL, Sept. 15 (Korea Bizwire) – Samsung SDI, the battery-making unit of Samsung Group, will expand its foothold in the electronic vehicle (EV) market in Europe by participating in the Frankfurt Motor Show that kicked off today. Samsung SDI announced that it joined the 2015 International Motor Show (IAA) in Frankfurt as a supplier of batteries for [...]
SONGDO, South Korea, July 9 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, plans to start selling its Sonata plug-in hybrid electric vehicle (PHEV) “in full swing” from next year, a high-ranking company official said Thursday. “The full-fledged sale of the Sonata PHEV will start from next year after the subsidy issue is [...]