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Kia on Friday unveiled a plan to invest 38 trillion won ($28.1 billion) through 2028 in an investor relations event held at Conrad Seoul, vowing to lead the global auto industry’s automation. According to the Korean automaker, 65 percent of the large-scale investment will be injected into automat...
Kia, South Korea's second-biggest carmaker, said Friday it will invest 38 trillion won ($28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid slowing sales of electric vehicles. The planned investment over the next five years is revised up f...
Electric vehicle sales in South Korea plunged 25 percent in the first quarter from a year earlier, while gasoline hybrid model sales jumped 46 percent during the same period, according to a market tracker Friday. From January to March, the country's EV registrations fell to 25,550 units from 34,18...
Jill Vidal, Renault's design director, introduced the all-electric crossover Renault Scenic E-Tech and its launch in the Korean market next year. He particularly emphasized its sustainable design, which incorporates up to 24 percent recycled materials and is 90 percent recyclable, including the bat...
Hyundai Motor Group has become the largest shareholder of the nation's telecom giant, KT Corp. -- a rare move that is driving speculation about the carmaker's investment strategy and the possible impacts on KT's business direction. The change came as the National Pension Service, previously the la...
Renault Korea Motors, the South Korean unit of French automaker Renault Group, announced a revamp of its brand strategy Wednesday, as it seeks a breakthrough in prolonged sluggish sales. The company announced a change of its official corporate name from Renault Samsung Motors to the more simplifie...
Hyundai Motor Group has once again triumphed at the 2024 World Car Awards, with its vehicles being named World Car of the Year, World Electric Vehicle, and World Performance Car of the Year. The World Car Awards is an annual event organized by automotive journalists globally to honor excellence in...
Speaking on high interest rates, Bang noted the company's partnership with Woori Financial Capital signed in March will offer appealing installment plans for customers ranging from zero to 4 percent interest rates. Bang unveiled a plan to speed up the process of turning the automaker’s showrooms ...
KG Mobility, formerly known as SsangYong Motor, said Monday its March sales fell 21.4 percent from a year earlier due to weakened domestic demand. KG Mobility sold 10,702 vehicles last month, compared with 13,619 units sold a year earlier, the company said in a statement. Domestic sales plunged 4...
By Kan Hyeong-woo ( hwkan@heraldcorp.com ) The Korea Herald
In the main analysis room, tools like the Raman spectrometer come into play, using laser light to reveal how the battery's materials are bonded together, similar to using a microscope to see the cells in a leaf, allow scientists to understand the materials' properties on a microscopic level. Such i...
The EV9 is equipped with a 99.8 kilowatt-hours battery that can drive up to 501 kilometers on a single charge. It also features 400-volt and 800-volt ultra-fast charging systems and vehicle-to-load technology that uses the car’s stored energy to power the dead batteries of external devices. The l...
Volkswagen Group Korea on Thursday appointed Steve Cloete to become the next head of Audi Korea as the German automaker looks for a breakthrough to turn around ailing sales in the local market. According to the announcement, Cloete will begin this new post at Audi Korea starting May 1. The new chi...
The creation of 80,000 jobs comes in three categories: promoting future businesses, strengthening existing businesses and their competitiveness and rehiring experienced staff. About 44,000 people will be hired for the future business sector which includes EV transition, software-defined vehicles, ...
The Genesis Magma program, led by the display of the GV60 Magma Concept, will add a new dimension to the luxury auto brand as it expands into the territory of high-performance vehicles, according to Hyundai Motor Group. The automaker said the plan is to ultimately develop a high-performance Magma ...
China’s AliExpress, Temu sign rare pact in Korea to ensure product safety
K bank racks up record earnings ahead of market debut
Yuhan-Kimberly’s reforestation campaign marks 40th year
Woori Financial ready to bulk up
SK Telecom to lead AI data center standardization
Toss Securities logs record quarterly profit in Q1