SEOUL, Sept. 2 (Korea Bizwire) — Volkswagen’s flagship sports utility vehicle (SUV), the Tiguan, achieved a significant milestone by becoming the first imported SUV to surpass 70,000 units in sales in the Korean market. On September 1st, Volkswagen Korea proudly announced that the Tiguan, initially introduced in Korea in 2008, has reached an impressive cumulative [...]
SEOUL, Aug. 31 (Korea Bizwire) — Renault Korea Motors, the South Korean unit of Renault S.A., said Thursday it will focus on gasoline hybrid models to revive sales, while making preparations for the production of all-electric models. Renault Korea currently sells one gasoline hybrid model, the hybrid electric version of the XM3 compact SUV. Its [...]
SEOUL, Aug. 31 (Korea Bizwire) — Hyundai Motor Group announced on Wednesday the completion of an initiative aimed at projecting and addressing future transportation demand within Singapore’s flagship smart industrial park, the Jurong Innovation District (JID). Spanning a 10-month period from April 2022 to January 2023, this endeavor was undertaken in collaboration with the Jurong [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will buy a 5 percent stake in Korea Zinc for 530 billion won (US$400 million) in the latest move to secure a stable supply of nickel for its electric vehicles (EVs). The move by HMG Global LLC — a business entity set up [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Co.’s labor and management have made the strategic decision to repurpose a sedan production line in response to the growing demand for SUVs. Sources familiar with the industry confirm that this decision was reached on Tuesday during a meeting of the Employment Security Committee at the carmaker. [...]
SEOUL, Aug. 25 (Korea Bizwire) —In the recently unveiled vehicle technology satisfaction survey by renowned U.S. market research firm J.D. Power, Genesis and Hyundai have emerged as frontrunners, clinching the first and second positions, respectively. Released on August 24, the 2023 U.S. Technology Experience Index (TXI) survey conducted by JD Power revealed that Genesis achieved [...]
SEOUL, Aug. 24 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Wednesday that its global corporate social responsibility (CSR) program, the Green Light Project, has established new foundations in Zimbabwe and Mozambique, Africa, with the intention of providing support to local communities. The company held a recent completion ceremony for its [...]
SEOUL, Aug. 23 (Korea Bizwire) — SK Group Senior Vice Chairman Chey Jae-won met with Mercedes-Benz Group CEO Ola Kallenius on Wednesday and discussed ways to boost their business partnership, SK said. The meeting, which took place in SK’s headquarters in Seoul, centered on efforts to expand cooperation in the fields of electric vehicle (EV)-related [...]
SEOUL, Aug. 23 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it will launch an electrified version of the Ray mini car in the domestic market next month. The Ray EV comes with a 35.2kWh battery pack and can travel up to 233 kilometers on a single charge, the company said in [...]
SEOUL, Aug. 23 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, is illuminating its history by restoring the models that marked the inception of its brand. The company announced that it will showcase restored versions of two vehicles — the three-wheeled T-600 truck and the Brisa sedan — at the Kia360 brand experience space [...]