SEOUL, Sept. 21 (Korea Bizwire) – KG Mobility, formerly known as SsangYong Motor Co., said Thursday it is “on track” to achieve an operating profit for the year helped by increased exports of the Torres SUV. Given KG Mobility already shifted to an operating profit in the first half, it is set to report a [...]
SEOUL, Sept. 21 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Thursday launched the electric version of the Ray mini car to meet a steady demand for the model. The Ray EV comes with a 35.2 kWh lithium iron phosphate (LFP) battery, and it can travel up to 233 kilometers on a single [...]
SEOUL, Sept. 21 (Korea Bizwire) – Air Premia announced on Wednesday that based on an analysis of in-flight food sales trends over the past three months, ramen was the most popular in-flight meal for long-haul flights, while beer enjoyed the highest popularity for short-haul flights. During the period from June to August, a total of 208,000 [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor Group said Wednesday it will speed up the construction of its electric vehicle (EV) and battery plant in the United States to benefit from tax credits for locally produced EVs. Hyundai President and Global Chief Operating Officer Jose Munoz made the remarks in Atlanta after the South [...]
SEOUL, Sept. 20 (Korea Bizwire) — KG Mobility, formerly known as SsangYong Motor Co., on Wednesday launched the all-electric Torres EVX SUV in the domestic market to beef up its product lineup. The Torres EVX SUV is KG Mobility’s second battery-powered model after the Korando Emotion launched in the domestic market in February 2022. KG [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor and Kia Corp. announced on Tuesday the commencement of a navigation solution demonstration project, ‘Universal Mobility 2.0,’ aimed at assisting the movement of vulnerable pedestrians, including the visually impaired, in Singapore. Universal Mobility is a smart city project undertaken by Hyundai and Kia to provide a futuristic urban [...]
SEOUL, Sept. 17 (Korea Bizwire) – Hyundai Motor Co. said Sunday the accumulated sales of its Genesis brand models exceeded 1 million units as of August, reaching the milestone in around eight years since the brand’s inception. The South Korean carmaker sold 690,177 units of the models in the domestic market, along with 318,627 units [...]
SEOUL, Sept. 16 (Korea Bizwire) — An ongoing strike by unionized rail workers entered its third day Saturday, forcing passenger trains to operate at just less than 80 percent capacity nationwide. The Korean Railway Workers’ Union began its first strike in four years Thursday, demanding improved working conditions and an expansion of the KTX bullet train [...]
SEOUL, Sept. 15 (Korea Bizwire) — The powertrain of Hyundai Motor Co.’s all-electric Ioniq 6 sedan was named one of the 2023 Wards 10 Best Engines & Propulsion Systems on Friday. The annual awards from WardsAuto recognize compelling powertrain advancements that are all-new or significantly improved. The Ioniq 6 was selected for its performance, charging [...]
SEOUL, Sept. 12 (Korea Bizwire) – Hyundai Motor Co. and its labor union reached a tentative wage agreement Tuesday, averting a strike for the fifth consecutive year, the company said. The deal includes a 111,000 won (US$83.55) rise in monthly basic pay, as well as a bonus and performance-based benefits. The deal is subject to [...]