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German Automakers Surge in South Korea’s EV Market

German Automakers Surge in South Korea’s EV Market

SEOUL, Sept.11(Korea Bizwire) – German automakers continue to maintain their stronghold in the South Korean import car market, and this dominance extends to the realm of electric vehicle (EV) sales as well. Recent import vehicle registration data from the Korea Association of Imported Automobile Manufacturers (KAIDA) released on Sunday reveals a substantial uptick in the number [...]

BMW Introduces Eighth-Generation New 5 Series

BMW Introduces Eighth-Generation New 5 Series

SEOUL, May 25 (Korea Bizwire) — BMW unveiled the eighth generation of its flagship premium business sedan, the New 5 Series on May 24. The car is longer, wider, taller, and offers increased interior space compared to the previous generation. The front design features modern interpretations of BMW’s signature double headlights and kidney grille. Advanced [...]

Mercedes-Benz Defeats BMW in Battle for Flagship Sedan Supremacy in S. Korea

Mercedes-Benz Defeats BMW in Battle for Flagship Sedan Supremacy in S. Korea

SEOUL, Feb. 8 (Korea Bizwire) — Sales of BMW’s flagship 7 Series in South Korea plummeted two months after being released, data showed Tuesday, as it has failed to unseat Mercedes-Benz’s S-Class as the top-sellling imported flagship sedan. According to Carisyou Data Lab, the German automaker sold 91 units of full-size luxury sedan in January, [...]

Samsung, BMW Chiefs Discuss Ways to Strengthen Battery Partnership

Samsung, BMW Chiefs Discuss Ways to Strengthen Battery Partnership

SEOUL, Dec. 18 (Korea Bizwire) — The heads of South Korea’s biggest conglomerate Samsung Group and German carmaker BMW Group discussed ways to strengthen their battery business partnership, Samsung said Sunday. Samsung Group’s de facto leader Lee Jae-yong met with BMW Group Chief Executive Oliver Zipse at the BMW Driving Center in Incheon, just west [...]

BMW Korea Teams Up with KEPCO for EV Charging Tech Development

BMW Korea Teams Up with KEPCO for EV Charging Tech Development

SEOUL, April 12 (Korea Bizwire) — BMW Group Korea said Monday it has signed a memorandum of understanding with South Korea’s state power firm Korea Electric Power Corp. (KEPCO) for joint development of a next-generation “plug-and-charge” electric vehicle (EV) charging service. The plug-and-charge service allows for one-stop processing of user identification and payment by simply [...]