SEOUL, Mar. 28 (Korea Bizwire) – In a bold move to bolster its future global competitiveness, Hyundai Motor Group has announced a large-scale domestic hiring and investment initiative. Over the next three years, the automotive giant plans to recruit 80,000 new employees in South Korea and invest a staggering 68 trillion won. Hyundai’s production workers, known [...]
SEOUL, Mar. 21 (Korea Bizwire) – South Korea’s exports of eco-friendly vehicles, including hybrid and electric cars, experienced a significant decline in February, marking the first contraction in over three years, a concerning trend given the country’s rising dependence on electric vehicle (EV) exports. According to data released on March 20 by the Korea Automobile Manufacturers [...]
SEOUL, Mar. 19 (Korea Bizwire) –Hyundai’s Ioniq 5 and Kia’s EV6 muscled their way into the top 10 best-selling electric vehicles in the United States last year, carving out a foothold in a market dominated by Tesla. According to data from the market research firm S&P Global Mobility, the Ioniq 5 registered 31,286 sales in [...]
SEOUL, Mar. 19 (Korea Bizwire) – Hyundai Motor and Kia have formed a partnership with government agencies, academic institutions, and industry associations to develop advanced firefighting technologies aimed at improving the safety of electric vehicles in the event of fires. On March 18, the automakers signed a joint agreement with the National Fire Agency Research Institute, [...]
SEOUL, Mar. 18 (Korea Bizwire) – With their vehicles commanding prices of over 300 million won apiece, the world’s most elite automakers are accelerating their courtship of South Korea’s luxury car market, unveiling custom programs, flagship brand centers and exclusive limited editions. Even as overall imported car sales dipped last year amid economic headwinds, demand for [...]
SEOUL, March 17 (Korea Bizwire) – Hyundai Motor Co. and Kia Corp., South Korea’s biggest carmakers, have sold more than an accumulated 5 million eco-friendly vehicles in the global market over the past 15 years, company officials said Sunday. The two companies sold a total of 5.11 million units of eco-friendly cars, including hybrid electric [...]
SEOUL, Mar. 14 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. will voluntarily recall nearly 170,000 electric vehicles (EV) to address a software error in the charging system, the government said Thursday. The Ministry of Land, Infrastructure and Transport said 12 car models totaling 232,000 units from Hyundai Motor, Kia, Stellantis Korea and Tesla [...]
SEOUL, Mar. 12 (Korea Bizwire) – In a race against time, the battery sector is making strides towards developing technology that could dramatically speed up the charging process for electric vehicle (EV) batteries. The current benchmark to charge an EV battery to 80% capacity takes anywhere from 30 minutes to an hour, but the goal now [...]
SEOUL, Mar. 8 (Korea Bizwire) –Hyundai Motor has announced the introduction of a trade-in program for electric vehicles (EVs) in the South Korean market, aimed at increasing EV sales by offering competitive incentives to customers. Starting from March 1, purchasers of Hyundai EVs, including models like the Ioniq 5 and 6, and the Kona Electric, [...]
SEOUL, Mar. 7 (Korea Bizwire) – The highly anticipated EV Trend Korea 2024 exhibition opened its doors on March 6 in Seoul’s Gangnam district, at the COEX Convention and Exhibition Center, presenting a forward-looking vista into the electric vehicle (EV) and charging infrastructure sector. Organized by the Ministry of Environment, in partnership with COEX and the [...]