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The Korea Herald

Automobiles

August 21, 2024
KG Mobility to sell new Actyon SUV on Naver shopping platform

Korean sport utility vehicle dark horse KG Mobility (KGM) unveiled a refreshed brand strategy Tuesday as it launched its new SUV Actyon, with eyes set on expanding its presence in the global market. “KG Mobility has a history that always pursued being the first during its 70-year-long history, in...
August 20, 2024
[Herald Interview] Jeep Avenger looks to repeat European success in Korea
August 19, 2024
Ford halts Quebec battery plant project with SK, EcoPro

Construction of a cathode material plant in Becancour, Quebec -- a joint venture between Korea’s EcoPro BM, SK On, and US automaker Ford -- has been halted for the second time this year, amid growing uncertainty surrounding Ford’s electric vehicle strategy. The plant's construction began in Augu...
August 18, 2024
Hybrid vehicles report fewest fire incidents: data

Statistics from the National Fire Agency showed Sunday that hybrid vehicles reported the fewest fire incidents over the last five years, as fears related to battery-electric vehicles spread across Korea following the recent EV fires that occurred earlier this month. According to the fire authority...
August 16, 2024
Korea sees panic selling in used EVs

A mass sell-off of EVs has begun in South Korea, following a fire involving a Mercedes-Benz EV in Incheon that destroyed more than 140 cars and sparked proposals to restrict EVs' access to underground parking lots. Since the fire on Aug. 1, the market has been flooded with used EVs. K Car, Korea’...
August 15, 2024
Hyundai, Kia report zero EV fires from overcharging

Once the BMS detects signs of a battery malfunction, it not only conducts safety measures but also notifies drivers depending on the level of severity and advises them to visit a nearby center or call the automakers’ emergency support center if driving the EV is not an option at the moment. The a...
August 15, 2024
Tesla Korea keeps mum about battery suppliers

Tesla, the biggest electric vehicle importer in Korea, is keeping mum about releasing the information about their cars’ battery makers despite the government’s recommendation to do so following a recent series of EV fires. After two EV fires -- one in a Mercedes EQE and the other in a Kia EV6 --...
August 14, 2024
[KH Explains] Are China-made batteries being fairly criticized for EV fires?

A battery specialist from a global consulting firm who has worked with major Korean battery manufacturers suggested that Mercedes-Benz, unlike its European rivals Volkswagen and BMW, was late to the electrification shift. By the time it began securing battery suppliers, Korean companies like LG Ene...
August 14, 2024
Carmakers advised to disclose battery suppliers in EVs

In a bid to enhance transparency and safety, the government has recommended that all automakers operating in Korea voluntarily disclose the battery manufacturers of their EVs. This move follows the discovery that the luxury Mercedes-Benz EQE 350+ involved in the Incheon fire was equipped with a nic...
August 13, 2024
Polestar 4 signals premium EV expansion in Korea

Polestar Korea has launched the Polestar 4, the Swedish electric-vehicle maker’s coupe-style sports utility vehicle, seeking a breakthrough amid the ailing EV market with the new model. “The Polestar 4 boasts an overwhelming performance, design, interior space and outstanding price when compared...
August 13, 2024
Hyundai, Kia to offer free EV safety inspections

Hyundai Motor Company and Kia have announced a free inspection service for all owners of their electric vehicles, responding to heightened safety concerns following a recent apartment fire in Cheongna International City, Incheon earlier this month. The inspection service, already underway since Au...
August 13, 2024
Mercedes-Benz Korea responds to EV fire with supplier list, free inspections

Mercedes-Benz Korea on Tuesday revealed the battery suppliers for all its electric cars sold here on its official Korean website and announced free inspections for all EV owners to address mounting safety concerns in the wake of a devastating fire in Incheon involving one of its electric vehicles...
August 12, 2024
Carmakers eye transparency as EV fire probes escalate

South Korea’s electric vehicle battery manufacturers are on high alert as the government is considering new regulations requiring automakers to disclose the battery supplier for every vehicle model, following a fire in Incheon involving a Mercedes-Benz EV with Chinese-manufactured batteries, along...
August 11, 2024
Hyundai Motor names battery sources as EV fire concerns grow

Hyundai Motor Group is addressing public safety concerns over electric fires in Korea by disclosing the battery manufacturers for its electric vehicle lineup and implementing enhanced safety features. It has listed the battery manufacturers for all 13 Hyundai and Genesis EVs on its official Korea...
August 11, 2024
Software update of Hyundai, Kia cars result in lower theft rates in US

The anti-theft software upgrade for Hyundai Motor Company and Kia vehicles has reduced theft rates by more than half in the United States, according to a new study by the Highway Loss Data Institute. The two Korean automakers came under fire as numerous vehicle thefts among certain models lacking ...

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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