Automotive
-
Sales of Hyundai and Kia cars increase in India for more than 12 consecutive months
SEOUL -- Sales of Hyundai Motor and Kia vehicles in India, the world's third-largest automotive market, are steadily increasing. Sales of Hyundai cars have increased for 12 consecutive months while Kia's sales increased for 14 months in a row. According to data released by the Society of Indian Automobile Manufacturers (SIAM) on May 15, accumulated sales of Hyundai and Kia cars in India in the first four months of 2023 stood at 295,359 units, up 15.5 percent from the same p
May 15, 2023 -
S. Korean clean energy vehicle makers target overseas commercial vehicle markets
SEOUL -- While many countries around the world are joining a global initiative that aims to achieve net-zero carbon emission by 2050, South Korean clean energy commercial vehicle makers including Hyundai Motor are eyeing overseas markets with electric buses and hydrogen fuel cell commercial heavy-duty trucks. Commercial clean energy vehicles are mainly divided into two sectors -- electric and hydrogen fuel cell -- and while the electric drive system is widely adopted by many countr
May 9, 2023 -
KG Mobility selected as preferred negotiator for acquisition of domestic electric bus maker
SEOUL -- KG Mobility, formerly known as Ssangyong Motor, has set out to negotiate with Edison Motor, a domestic electric bus maker to meet an agreement in an acquisition deal. Edison Motor creates electric buses with up to 85 percent localized parts. The South Korean carmaker well-known for its lineup of sport utility vehicles (SUVs) said in a statement on April 26 that the company has been selected by a bankruptcy court in Changwon some 300 kilometers (186 miles) south of Seoul as
April 27, 2023 -
Hyundai's car parts maker wing showcases crab-walking vehicle
SEOUL -- Hyundai Mobis, the parts-making unit of South Korea's Hyundai auto group, has demonstrated an electric vehicle capable of crab driving, which enables cars to move sideways like a crab to evade obstacles or move out of a tight spot. Using four wheels that move at different angles, the crab-walking vehicle can also spin around 360 degrees. The car parts maker released a video showing Hyundai’s IONIQ 5 equipped with the all-in-one electric vehicle (EV) wheel modul
April 24, 2023 -
S. Korea's SUV maker KG Mobility launches special brand for car tuning and customizing parts
SEOUL -- KG Mobility, formerly known as Ssangyong Motor, will launch a new subsidiary specializing in tuning and customizable parts for vehicles, targeting South Korea's tuning car parts market that is projected to reach 10.5 trillion won ($7.9 billion) by 2030. Ssangyong Motor, which started business in South Korea as a small vehicle workshop founded by the late automotive titan Ha Dong-hwan in 1954, gained a reputation as the maker of sport utility vehicles (SUVs) in the coun
April 18, 2023 -
Hyundai and Kia cars excluded from list of EVs eligible for US tax credits of up to $7,500
SEOUL -- The US Treasury Department has sidelined Hyundai and Kia's electric vehicles from the list of 16 EVs that are eligible for the United States federal tax credit of up to $7,500, which branches out from the Inflation Reduction Act that was signed into law in 2022. The exclusion cast a dark cloud over the South Korean carmakers as their products lost competitiveness in the North American EV market which is growing at an average annual growth rate of about 37 percent to
April 18, 2023 -
Kia reveals big plan to accelerate electrification of vehicles to sell 2.3 mln eco-friendly cars by 2030
SEOUL -- Kia, a South Korean carmaker affiliated with Hyundai Motor, has revealed a big plan to go full throttle on the electrification of its vehicle lineups in a bid to capture the global future clean energy vehicle market. The world's clean energy vehicle market, mainly dominated by electric vehicles (EVs), is growing at a whopping speed of an average annual growth rate of about 55 percent to reach 10.2 million units sold in 2022, according to global market research firm Cou
April 6, 2023 -
Hybrid model of Hyundai's new full-sized sedan Grandeur garners popularity in S. Korea
SEOUL -- About 40 percent of consumers who buy the latest model of Grandeur, Hyundai's full-sized sedan also known by the name of Azera in foreign markets, choose the hybrid option, data released by the South Korean carmaker showed. Grandeur, first released in the domestic market through collaboration with Japanese carmaker Mitsubishi in 1986, gained iconic recognition among South Koreans as the "car of a successful person." The full-sized sedan was popular among busi
March 27, 2023 -
Hyundai unveils automatic charging robot for electric vehicles
SEOUL -- To ease electric vehicle drivers' hassle of having to plug a charging cord into their cars every time, South Korean carmaker Hyundai has developed an intelligent robot that can communicate with vehicles and automatically connect a car to a charger. Currently, electric vehicle (EV) drivers have to park their cars in a parking lot section where EV chargers are installed and manually plug the charger cord into their vehicle. The process is simple but it gets tr
March 22, 2023 -
Kia showcases concept model for compact electric SUV 'EV5' exclusive for Chinese market
SEOUL -- South Korean carmaker Kia has showcased a concept model for the company's new electric compact sport utility vehicle exclusive for the Chinese market during an unveiling event held in Shanghai on March 20. Kia will seek to secure its foothold in the Chinese electric vehicle market which is growing 87 percent year-on-year. China has the world's largest passenger EV market where one in every four cars sold is an EV, according to Counterpoint Research, a global market
March 21, 2023
-
Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
-
Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
-
Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
-
LS Cable embarks on construction of plant for new copper foil material
-
US political turmoil reflects our wider society – in 2024 and earlier elections
-
Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
-
Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
-
Life expectancy in South Korea decreases for first time since 2000
-
Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'
-
Lotte Rental achieves 'Baa3' credit rating from Moody's