SEOUL, Oct. 3 (Korea Bizwire) — Hyundai Motor Co. plans to launch two electric vehicle models in Japan by early next year, as it seeks to increase sales in the Japanese market, according to company officials Tuesday. Hyundai currently sells the Nexo hydrogen fuel-cell electric vehicle and the Ioniq 5 midsize crossover there through an [...]
SEOUL, Sept. 30 (Korea Bizwire) –Hyundai Motor Group’s special electric vehicle platform, E-GMP, has achieved impressive sales of over 500,000 units. Both Hyundai and Kia reported that they collectively sold 517,290 electric vehicles using the E-GMP platform globally. This achievement began in 2021 when the first model, the Hyundai Ioniq 5, hit the market and [...]
SEOUL, Sept. 24 (Korea Bizwire) – Kia Corp.’s EV6 GT topped this year’s evaluation of electric vehicle models by a leading German automotive magazine, Auto Motor Und Sport, beating Ford Motor Co.’s Mustang Mach-E SUV, Hyundai Motor Group said Sunday. Hyundai Motor Co.’s independent Genesis brand’s GV60 SUV ranked second in the competitive EV evaluation [...]
SEOUL, Sept. 24 (Korea Bizwire) – South Korean companies have asked the United States to clarify from which foreign companies they are not required to import critical electric vehicle (EV) battery minerals under the U.S. Inflation Reduction Act (IRA), industry sources said Sunday. Senior executives of South Korean battery and material companies made the request [...]
SEOUL, Sept. 24 (Korea Bizwire) –LG Chem Ltd., South Korea’s leading chemical company, said Sunday it has partnered with China’s Huayou Group to build four electric vehicle (EV) battery material plants in Morocco and Indonesia amid an acceleration in electrification. On Friday, LG Chem signed four separate initial pacts with Huayou Group to build [...]
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. 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.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 [...]