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KG Mobility, a stalwart in the South Korean sport utility vehicle scene previously known as Ssangyong Motors, has set an ambitious total sales goal of 147,000 units for this year, a 26.6 percent increase from last year, as it aims to penetrate overseas markets in Europe and Southeast Asia, away fro...
Hyundai Motor and Kia will voluntarily recall nearly 170,000 electric vehicles (EV) to address a software error in the charging system, the government said Thursday. The Ministry of Land, Infrastructure and Transport said 12 car models totaling 232,000 units from Hyundai Motor, Kia, Stellantis Kor...
Major global offices of Hyundai Motor Company and Kia turned into the black last year as the South Korean automakers logged record-high earnings on surging sales across the world, according to their audit and business reports on Wednesday. According to the audit report of Hyundai Motor Company, th...
At the InterBattery 2024 conference hosted at Coex in southern Seoul last week, South Korea's prime battery companies -- LG Energy Solution, Samsung SDI and SK On -- collectively emphasized ultrafast charging as the critical breakthrough needed to shift the electric vehicle market from its early ad...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
Hyundai Motor, BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia and Stellantis Korea, are voluntarily recalling a total of 69,044 units of 43 different models, the Ministry of Land...
Hyundai Motor and Kia, South Korea's leading automakers, said Wednesday they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition held in Seoul. The annual trade show, now in its seventh year, is hosted by the Ministry of Environment to p...
Korean automakers are grappling to maintain their export momentum due to a shortage of car carriers to transport them, driven by the increasing volume of Chinese automotive exports and stringent maritime environmental regulations. The scenario has led to an unprecedented rise in the cost of charter...
Hyundai Motor, South Korea's leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can travel up ...
InterBattery 2024, the largest battery industry exhibition in Korea, will take place at the COEX Convention and Exhibition Center in Gangnam-gu, Seoul, from March 6 to 9, attracting 579 companies from 18 countries and nearly 75,000 attendees for a comprehensive showcase of innovation, industry conf...
UT LLC., a mobility company based in South Korea, said Thursday it will change the name of its taxi-hailing platform service to Uber Taxi from UT. UT is a joint venture created by the US ride-hailing service company Uber Technology Inc. and South Korean mobility firm Tmap Mobility Co. in 2021 as p...
“We appreciate the more challenging requirements that the IIHS required in 2024 to earn the TSP and TSP+ awards,” said Latouf. “The changes made to our vehicles to win these tougher awards offer the highest level of protection for our customers and other vulnerable road users. Safety is a top p...
Hyundai Motor Group’s trailblazing electric vehicles have earned rave reviews and charted a path to success under the leadership of Chair Chung Euisun. CNBC, the premier economic news broadcaster in the United States, aired a special feature on Sunday focusing on the factors propelling the Korean...
Italian luxury auto brand Maserati will set up a Korean office on July 1 to strengthen its presence in the local market. Forza Motors Korea, the country’s official importer of Ferrari and Maserati, announced Monday that Maserati’s Korean business will be transferred to the Italian brand’s Korea...
Kia's Niro, an eco-friendly sports utility vehicle lineup featuring exclusively green powertrains, has reached a milestone by surpassing 1 million global sales in eight years after its launch, primarily fueled by the popularity of its hybrid model. According to Kia on Sunday, the Niro tallied 1,08...
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