SEOUL, Sept. 6 (Korea Bizwire) – In the realm of imported automobiles, there has been a noticeable shift in consumer preferences. Interest in diesel sedans and sport utility vehicles (SUVs) is waning, while electric vehicles (EVs) are gaining significant popularity. In particular, the market for imported electric passenger cars saw a significant milestone in August this [...]
SEOUL, Aug. 30 (Korea Bizwire) — Audi Korea announced on Tuesday the launch of the 2023 versions of the Q4 40 e-Tron and Q4 Sportback 40 e-Tron all-electric compact SUVs. The Q4 40 e-Tron and Q4 Sportback 40 e-Tron offer a single-charge range of about 410 kilometers each. This marks an increase of 43 kilometers for [...]
SEOUL, Aug. 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, unveiled the design of the all-electric EV5 SUV on Friday, along with its plan to produce the new model at its plant in China. Kia introduced the EV5 during the media day of the 2023 Chengdu International Automobile Industry exhibition, which [...]
SEOUL, Aug. 22 (Korea Bizwire) – The hybrid and battery electric vehicle (EV) market in South Korea continues to expand rapidly. The domestic market for hybrid and battery electric cars (combined new acquisition prices) reached 6.12 trillion won (US$4.56 billion) and 2.27 trillion won, respectively, in the first half of this year, according to data [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korean carmakers need to speed up developing all-solid-state lithium batteries and securing electric vehicle-related software capabilities to gain a bigger share in the era of electric vehicles (EVs), an auto industry expert has said. All current EVs are powered by lithium-ion batteries, which can catch fire once they [...]
SEOUL, Aug. 18 (Korea Bizwire) — Hyundai Motor Co. is offering subsidies to counter the decrease in demand for electric vehicles (EVs), encompassing both reduced charging fees and discounted vehicle prices. Customers who utilize E-Finance, a financial tool tailored for EV purchases, will be eligible for up to 1.6 million credits (equivalent to 1.6 million [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, unveiled an electric vehicle adorned with Indonesia’s traditional batik pattern to commemorate the 50th anniversary of diplomatic ties between Seoul and Jakarta. Hyundai Motors Indonesia last week showcased the all-electric Ioniq 5 Batik edition at the Indonesia International Auto Show (GIIAS) in [...]
SEOUL, Aug. 11 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. said Friday they will attend IAA Mobility 2023, an annual global mobility show to be held in Germany, for the first time, in a step seen as an attempt to gain a bigger share in the fast-growing electric vehicle (EV) parts market. [...]
SEOUL, Aug. 8 (Korea Bizwire) — U.S. electric vehicle manufacturer Tesla Inc. has reversed its stance on providing safety diagnostic information concerning its vehicles to South Korea’s traffic authority. In mid-July, the Korea Transportation Safety Authority (KTSA) received safety diagnostic data related to vehicle operation and battery performance from Tesla. This data has led to [...]
SEOUL, Aug. 3 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it has developed a glove box for electric vehicles (EVs), which will be featured in Kia Corp.’s all-electric EV9 flagship SUV. Inspired by the structure of aircraft cabin storage compartments, the parabolic motion glove box offers a higher [...]