SEOUL, Jul. 10 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are aiming for a rebound in domestic electric vehicle (EV) sales in the second half of the year with reasonably priced new entry-class compact models. According to industry data, Hyundai Motor sold a total of 16,842 EVs domestically in [...]
SEOUL, Jul. 9 (Korea Bizwire) – Hyundai Motor Group has released a poignant campaign video titled “Four-Six, Four-Seven,” showcasing the story of hydrogen electric buses designed to support firefighters’ recovery, the company announced on July 8. The campaign is part of Hyundai’s ongoing collaboration with the National Fire Agency and Jeju Province to donate hydrogen electric [...]
SEOUL, Jul. 9 (Korea Bizwire) — Hyundai Motor Group said Tuesday it has partnered with the University of Oxford in Britain in establishing a specialized research center dedicated to shaping the group’s long-term future vision. The group held an opening ceremony for the Oxford-Hyundai Motor Group Foresight Centre at the university campus to mark the [...]
SEOUL, Jul. 9 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest automaker, on Tuesday started receiving preorders for the company’s Casper Electric mini SUV in South Korea, the company said. The company said it has started accepting preorders for the long-range “Inspiration” variant of the Casper Electric, which was unveiled at the Busan International [...]
SEOUL, Jul. 9 (Korea Bizwire) – The proportion of imported cars registered under corporate names in South Korea has fallen to an unprecedented low in the first half of 2024, dipping below 35% for the first time in recent history. According to data released by the Korea Automobile Importers and Distributors Association (KAIDA) on July 8, [...]
SEOUL, Jul. 8 (Korea Bizwire) — The ratio of imported vehicles registered as company cars fell to the lowest level of 34 percent of all imported car registrations in the first half under a new vehicle registration law, an automobile industry association said Monday. The number of company-owned imported vehicles came to 42,200 units, accounting [...]
SEOUL, Jul. 8 (Korea Bizwire) — Passenger traffic at South Korean carriers jumped 29 percent to a record 47 million in the first half from a year earlier on higher demand for affordable air travel, government data showed Monday. The number of passengers who traveled via flights offered by 10 local airlines came to 47.56 [...]
SEOUL, July 7 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, saw its sales hit a record in India in the first half of this year, according to industry data Sunday, as it has filed for an initial public offering for its India unit. According to data from the Federation of Automobile Dealers [...]
SEOUL, Jul. 4 (Korea Bizwire) — Combined investment made by the South Korean aviation industry to ensure safe air travel rose 38 percent on-year in 2023 to reach over 5.8 trillion won (US$4.18 billion), government data showed Thursday. According to the Ministry of Land, Infrastructure and Transport, the combined spending on air travel safety by [...]
SEOUL, Jul. 4 (Korea Bizwire) — Full-fledged production of Casper Electric, Hyundai Motor Co.’s highly anticipated all-electric mini SUV, will begin in South Korea’s southwestern city of Gwangju later this month, according to industry officials, with a target output of 21,400 units by the end of the year. Gwangju Global Motors (GGM), a Hyundai Motor [...]