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The Korea Herald

Automobiles

March 22, 2024
Hyundai Motor to provide Genesis sedans for S. Korea-Africa summit in June

Hyundai Motor Group said Friday it will provide the luxury Genesis brand's G90 and G80 sedans during the South Korea-Africa Summit due in Seoul in June. The South Korean carmaker will sponsor the first Korea-Africa summit scheduled on June 4-5 by offering 77 G90 flagship sedans and 42 G80s as offi...
March 21, 2024
[Herald Interview] Mercedes-Benz focused on ‘great brand experience’

Mercedes-Benz was dethroned by BMW as the top auto importer in South Korea last year for the first time since 2015. Despite the quantitative loss, Mercedes-Benz Korea CEO Mathias Vaitl says the focus is to offer a great brand experience for the customers. “Our strategy is not to be No. 1 here in ...
March 21, 2024
Hyundai Motor vows to enhance EV competitiveness

Hyundai Motor, South Korea's largest automaker, plans to strengthen the competitiveness of its electric vehicle (EV) business and actively pursue its software-defined vehicle (SDV) vision this year, its chief executive said Thursday. At an annual meeting of shareholders, Hyundai Motor CEO and Pres...
March 20, 2024
10 automakers fined W10.3 bln for selling cars with subpar safety standards

The government said Wednesday it has imposed fines totaling 10.3 billion won ($7.6 million) on 10 foreign and domestic automakers for selling cars with inadequate safety standards. Of those, nine were foreign companies, including Volkswagen Group Korea, Mercedes-Benz Korea, Ford Sales & Service Ko...
March 19, 2024
Hyundai Motor Group continues to rack up EV accolades

Hyundai Motor Group has been winning dozens of awards with its diverse lineup of electric vehicles across the globe and is looking to continue adding more to its trophy collection. According to the South Korean auto conglomerate on Tuesday, the EVs of its three brands -- Hyundai Motor Company, Kia...
March 19, 2024
Hyundai Motor named official sponsor of MLB World Tour in Seoul

Hyundai Motor, South Korea's leading automaker, said Tuesday it has been named an official sponsor of the US Major League Baseball (MLB) World Tour Seoul Series set to open in South Korea this week. The tour features regular MLB season games played in various countries, with this year's tour stopp...
March 18, 2024
Kumho Tire to make EV push with EnnoV rebrand

Kumho Tire recently introduced EnnoV, the company's newly branded lineup of tires designed specifically for electric vehicles, stepping up its game in the EV tire competition with Hankook Tire & Technology’s iON brand. The launch took place during the EnnoV Experience Day at the Korea Automobile ...
March 18, 2024
Hyundai, Kia hit 5m in eco-friendly car sales

The number of eco-friendly vehicles sold by Hyundai Motor Company and Kia across the globe has surpassed five million, achieving the milestone after 15 years. According to the South Korean automakers on Sunday, the accumulated sales of their eco-friendly vehicles stood at 4,995,891 units as of las...
March 17, 2024
Hyundai, Kia hit 5m in eco-friendly car sale

The Ioniq 5, the first EV to have been built on the automakers’ EV-dedicated modular platform, has logged sales of some 290,000 units as it won multiple car of the year awards worldwide. Hyundai Motor Group, which retained the world’s third-largest automaker by sales volume for two years in a ro...
March 15, 2024
Kia CEO: EV3 to lead mass market shift to electric

Kia CEO Song Ho-sung on Friday said the automaker is set to lead the mass adoption of electric vehicles with the upcoming launch of the EV3, its most affordable model to date. “Despite recent fluctuations in demand, the future of electric vehicles is undeniable. Leveraging the success of our EV6 ...
March 14, 2024
[KH Explains] Will KG Mobility, Korea's SUV dark horse, triumph globally?

KG Mobility, a stalwart in the South Korean sport utility vehicle scene previously known as Ssangyong Motors, has set an ambitious total sales goal of 147,000 units for this year, a 26.6 percent increase from last year, as it aims to penetrate overseas markets in Europe and Southeast Asia, away fro...
March 14, 2024
Hyundai Motor, Kia to recall nearly 170,000 EVs over charging software error

Hyundai Motor and Kia 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 Kor...
March 13, 2024
US operations of Hyundai, Kia turn profitable in 2023

Major global offices of Hyundai Motor Company and Kia turned into the black last year as the South Korean automakers logged record-high earnings on surging sales across the world, according to their audit and business reports on Wednesday. According to the audit report of Hyundai Motor Company, th...
March 11, 2024
5-minute recharge to drive 300 km: Battery firms eye faster turnaround

At the InterBattery 2024 conference hosted at Coex in southern Seoul last week, South Korea's prime battery companies -- LG Energy Solution, Samsung SDI and SK On -- collectively emphasized ultrafast charging as the critical breakthrough needed to shift the electric vehicle market from its early ad...
March 07, 2024
Hyundai Motor begins trade-in services for EVs

By Kan Hyeong-woo ( hwkan@heraldcorp.com )

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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