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The Korea Herald

Automobiles

September 25, 2024
[Hello India] Hyundai Motor inches closer to IPO in India

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
September 25, 2024
Hyundai Motor showcases hydrogen tech at H2 MEET 2024

One of the major exhibitors at the event is Hyundai Motor Group. “We’re using this event to showcase Hyundai’s full range of hydrogen technologies, from production to end-use, showing our commitment to driving the shift toward a hydrogen-powered society,” said Hyundai Motor Company CEO Jang Ja...
September 24, 2024
Kia to debut PV5 electric van in Japan in 2026

Hyundai Motor Company’s smaller sibling Kia is poised to enter Japan’s purpose-built vehicle market, a tricky segment already crowded with Japanese rivals. Kia said Tuesday it joined hands with Japan-based trading company Sojitz to launch its PV5 van, the carmaker's first PBV model built on an e...
September 24, 2024
Korean automakers pressured to diversify supply chains as US bans Chinese tech

Starting in the second half of 2026, the US will ban the sale of connected cars using Chinese-made software, with further restrictions on hardware to begin in 2029, a move that will pressure global automakers, including South Korea’s Hyundai Motor and Kia, to diversify their supply chains. On Mon...
September 23, 2024
SK On eyes first profit as it begins US production for Hyundai EVs

SK On will begin mass production of electric vehicle batteries for Hyundai Motor Co. in the US next month, a move expected to help the battery maker turn a profit for the first time after years of losses. The company’s US unit, SK Battery America, will reportedly begin partial production at its G...
September 23, 2024
[KH Explains] Can smart chargers ease tensions over EV fires?

Currently, South Korea has around 240,000 Level 2 EV chargers installed in apartment complexes, many of which lack smart-control technology. These new chargers aim to reduce fire risk by limiting charging levels and monitoring battery conditions in real time, offering what the government calls a “...
September 22, 2024
Hyundai Motor chief visits Czech plant to boost EV offerings in Europe

Hyundai Motor Group's Executive Chairman Chung Euisun visited the company’s Czech manufacturing plant last Thursday to assess Hyundai’s European operations as part of a state trip with South Korean President Yoon Seok Yeol. During the trip, Hyundai Motor Group also signed several memorandums of ...
September 22, 2024
Hyundai Motor bolsters hydrogen push in Czech

Hyundai Motor Group has renewed its commitment to the hydrogen fuel cell vehicles industry in the Czech Republic, a booming market for the clean mobility sector. Ken Ramirez, vice president of global commercial vehicle and hydrogen Business division at Hyundai Motor Group, and Skoda Electric CEO J...
September 19, 2024
Hyundai Motor officially becomes KT’s largest shareholder

Hyundai Motor Group has officially become the largest shareholder of KT, one of the three main mobile carriers in Korea, the government said Thursday. After months of review, the Ministry of Science and ICT decided to approve the change in KT's largest shareholder, concluding that it does not harm...
September 19, 2024
Kia makes breakthrough in China sales

Kia is showing signs of recovery in China, recording more than 20,000 units in monthly sales for three consecutive months from June to August. If this momentum continues, the company is on track to reach or surpass its goal of selling over 200,000 units in China by the end of the year. Kia’s reco...
September 19, 2024
Lime green plates deepen slump in Korea’s luxury car sales

Other ultra-luxury brands saw similar declines: Maserati sales dropped 42.2 percent, Rolls-Royce fell 44.4 percent, and McLaren sales plunged by 85.0 percent. Aston Martin, which sold 26 cars in the same period last year, registered only one corporate sale through August. Lamborghini and Ferrari sa...
September 19, 2024
BMW opens brand's 1st charging hub lounge in Korea

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
September 19, 2024
Hyundai Motor, GM join hands to shake up EV landscape

Hyundai Motor Group and General Motors have joined forces to explore collaboration in vehicle development, supply chain and clean energy technology, officials announced Thursday. According to the announcement, the top leadership from each auto giant -- including Hyundai Motor Group Executive Chair...
September 19, 2024
Mercedes-Benz Korea CEO might appear at government audit, industry reports

In the aftermath of the massive fire caused by a Mercedes-Benz electric vehicle in August, Mathias Vaitl, CEO of the German auto giant’s Korean unit, might appear for next month's government audit, industry insiders said Friday. Given the severity of the incident that took out an apartment comple...
September 19, 2024
Kia joins forces with Geotab, 42dot to streamline PBV fleet management

Kia’s first dedicated PBV, the PV5, is set to enter mass production in 2025 and will be equipped with this cloud-based FMS. The system will provide businesses with continuous insights into their fleet’s performance. Moreover, the system will include driver-assist applications that can analyze dr...

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