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Hyundai Motor Group's Executive Chairman Chung Euisun visited the company’s Czech manufacturing plant last Thursday to assess Hyundai’s European operations as part of a state trip with South Korean President Yoon Seok Yeol. During the trip, Hyundai Motor Group also signed several memorandums of ...
Hyundai Motor Group has renewed its commitment to the hydrogen fuel cell vehicles industry in the Czech Republic, a booming market for the clean mobility sector. Ken Ramirez, vice president of global commercial vehicle and hydrogen Business division at Hyundai Motor Group, and Skoda Electric CEO J...
Hyundai Motor Group has officially become the largest shareholder of KT, one of the three main mobile carriers in Korea, the government said Thursday. After months of review, the Ministry of Science and ICT decided to approve the change in KT's largest shareholder, concluding that it does not harm...
Kia is showing signs of recovery in China, recording more than 20,000 units in monthly sales for three consecutive months from June to August. If this momentum continues, the company is on track to reach or surpass its goal of selling over 200,000 units in China by the end of the year. Kia’s reco...
Other ultra-luxury brands saw similar declines: Maserati sales dropped 42.2 percent, Rolls-Royce fell 44.4 percent, and McLaren sales plunged by 85.0 percent. Aston Martin, which sold 26 cars in the same period last year, registered only one corporate sale through August. Lamborghini and Ferrari sa...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
Hyundai Motor Group and General Motors have joined forces to explore collaboration in vehicle development, supply chain and clean energy technology, officials announced Thursday. According to the announcement, the top leadership from each auto giant -- including Hyundai Motor Group Executive Chair...
In the aftermath of the massive fire caused by a Mercedes-Benz electric vehicle in August, Mathias Vaitl, CEO of the German auto giant’s Korean unit, might appear for next month's government audit, industry insiders said Friday. Given the severity of the incident that took out an apartment comple...
Kia’s first dedicated PBV, the PV5, is set to enter mass production in 2025 and will be equipped with this cloud-based FMS. The system will provide businesses with continuous insights into their fleet’s performance. Moreover, the system will include driver-assist applications that can analyze dr...
Inside, the new Flying Spur features technologies to make every drive comfortable and convenient. The seats, for instance, come with a "wellness seating" specification, which automatically adjusts the temperature and posture to keep drivers comfortable, especially on long trips. Bentley is initial...
Collapsing lithium prices are expected to put more pressure on Korean battery companies that are already reeling from an electric vehicle chasm, industry insiders said Wednesday. According to a recent Goldman Sachs report, the global lithium price is projected to fall by 18 percent from the monthl...
EcoPro’s former Chairman Lee Dong-chae has returned to management after a yearlong hiatus, at a critical time when the battery materials maker and the entire EV industry are reeling from slowing demand. According to the company on Tuesday, Lee was recently named an executive adviser on the board ...
The Kia EV9, a large electric sport utility vehicle, was recognized for its balance of range and versatility. It is equipped with a 99.8-kWh battery and can achieve up to 501 kilometers of driving range on a single charge. It also features a 400 to 800-volt multi-speed charging system that allows f...
Hyundai Motor plans to bring its Casper Electric mini SUV to Europe later this year and Japan in early 2025, following robust domestic sales. The company reported Sunday that it sold 28,784 units of the Casper -- both gasoline and electric versions -- in the Korean market from January to August th...
The South Korean government said Friday it will certify the safety of electric vehicle batteries beginning October, four months ahead of the initial plan, as it rolled out various measures to prevent EV fires. According to the government’s EV fire safety management measures, both domestic and imp...
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[Contribution] Preparing for future with strategic public procurement