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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 ...
Kia Corp. on Tuesday announced it has appointed two former designers from Mercedes-Benz and BMW to head its design centers in Europe and China, respectively. Oliver Samson, previously with Mercedes-Benz, and Lim Seung-mo, formerly of BMW, will take on their new roles as head of the Kia Design Cent...
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
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