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To secure its market position, Hyundai said it plans to diversify its hybrid and electric vehicle lineup, including introducing the new sub-compact EV, Inster and expanding the Ioniq series. “With the economic landscape being as unpredictable as it is and competition heating up, our goal is to sh...
Lamborghini sold a record 434 vehicles in Korea last year, as the country became the Italian automaker’s seventh-biggest market globally, while beating out the brand’s home turf of Italy, which came in eighth place with 409 sold. Lamborghini sold 195 vehicles in Korea in the first half of this ye...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
“Hyundai’s electric buses stand out for their quality and dependability, which is why we picked them over Chinese alternatives. We’re looking forward to transitioning our entire fleet on Yakushima to electric,” said Yoshitaro Iwasaki, CEO of the Iwasaki Group during the signing ceremony. The E...
The second plant in Glendale, Kentucky 2, currently has no targeted date for the beginning of production. The BlueOval SK official underscored that the facility “will be ready when the market demand reaches it” and start producing batteries faster than anyone as its construction continues. US me...
The XC40's success can be attributed to its combination of advanced features and competitive pricing. Despite being an entry-level model, it includes advanced safety technologies and premium comfort features, such as the integrated Tmap infotainment system. Developed in collaboration with Tmap Mobi...
A 2019 survey by Embrain Trendmonitor revealed that 88.9 percent of Korean drivers use dash cams, a figure much higher than in many other countries. A 2017 AA Insurance survey found that only 15 percent of respondents in the UK owned dashcams. Manufacturers like Hyundai have started offering built...
LG Energy Solution said Sunday that it has developed an artificial intelligence solution to substantially shorten the battery cell design period from two weeks to just one day. This significant leap in the initial stage of battery production leverages generative AI techniques to output battery cel...
Starting in 2027, Korean consumers can look forward to purchasing more affordable electric vehicles equipped with reconditioned and tested used batteries. The Korean government, during a meeting chaired by Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok, unveiled a plan Wed...
The Ultium Cells 2 plant in Tennessee, a joint venture between LG Energy Solution and GM with a 2.7 trillion won ($1.5 billion) investment, began full operations in March this year. It is set to supply batteries for GM’s next-generation EVs, including the Chevrolet Equinox EV and the high-end Cadi...
Hyundai Motor Group and the University of Oxford in the UK have established a joint Foresight Center to explore the former's long-term strategies and visions together, the Korean auto conglomerate said Tuesday. "The automotive industry is undergoing a paradigm shift and significant changes in busi...
US electric vehicle maker Tesla’s mid-size SUV Model Y topped imported car sales in Korea in the first half of this year, according to market tracker Carisyou on Sunday. With Germany’s BMW and Mercedes-Benz remaining the best-selling imported car brands, Tesla became the third-largest foreign ca...
Hyundai Motor Group said Sunday that it recently completed the refurbishment of the Korea Park in Ankara, Turkey. The park, spanning 10,000 square meters, was established in 1973 to honor the sacrifices of Turkish soldiers who fought in the 1950-53 Korean War. The year also marked the 50th anniver...
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