Hyundai’s new EREV could solve range anxiety -- unless the EV market leaves it in the dust before it even arrives

Hyundai Motor Group Executive Chair Chung Euisun (center) speaks during the second Trilateral Executive Dialogue, or TED, a leadership seminar between South Korea, the United States and Japan, held at Grand Hyatt Seoul on Wednesday. Hyundai Motor Group sponsored this year's TED, which gathered some 100 key figures from the three countries’ governments, assemblies and corporations to discuss strategic trade and investment, biotechnology security, energy cooperation, and the role of tec

BMW Group emphasized Tuesday it has been actively involved in South Korea for the past three decades, focusing on sourcing parts from local companies, investing in infrastructure and contributing to corporate social responsibility initiatives. The company’s activities in the region reflect its commitment to maintaining and expanding its presence in the Korean market, the group said. In 2023, BMW Group purchased parts worth 6.53 trillion won ($4.86 billion) from Korean companies. This fig

About 100 prominent figures from each country’s public and private sectors to gather Wednesday in Seoul

Hansung Motors, one of the top official Mercedes-Benz dealers in South Korea, has appointed Marco Kim as its new CEO, the company announced Monday. Marco Kim brings extensive global expertise in the luxury automotive sector, having held key leadership and consulting roles with several prestigious car brands. Born in South Korea and raised in Australia, Kim holds a medical degree and an MBA from the University of Queensland. He later became a chartered accountant and joined Deloitte Motor Industr

Kia inaugurated the Kia E-Ground in Quito, Ecuador, on Monday to boost its position as a leading electric vehicle brand in Latin America. The 1,420-square-meter center features three thematic zones -- Planet, Energy and Mobility -- where visitors can explore Kia’s sustainability initiatives, cutting-edge EV technology and future mobility solutions. Highlights include an ocean cleanup virtual reality game, an EV driving simulator and displays of Kia's E-GMP platform. As Ecuador ranks

American pickup blends comfortable city driving and off-road capabilities

EV shoppers in Korea are starting to take note of battery brands, China bias persists

Exports of hybrid cars by Hyundai Motor Co. and its affiliate Kia Corp. jumped 35.2 percent on-year in the first seven months of this year, industry data showed Sunday. Hyundai Motor and Kia exported a total of 222,818 hybrid vehicles between January and July, compared with 164,851 units for the same period last year, according to data from the Korea Automobile & Mobility Association. Hyundai Motor, in particular, saw its exports of hybrid vehicles soar 58.3 percent on-year to 141,032 units.

Hankook Tire has launched a series of cultural projects to connect with younger consumers and communicate the brand's value in a fresh way. This summer, the tire maker launched a 10-day pop-up event at Surfyy Beach in Yangyang, Gangwon Province, where visitors enjoyed tire-themed attractions like water activities with inflatable tubes as well as interactive photo zones and game areas. Hankook Tire also collaborated with brands like Pro-Specs to create unique products, including sneakers in

Mercedes-Benz Korea will loan new E-Class sedans free of charge to residents of the apartment complex in Cheongna, Incheon, who lost their vehicles in an electric vehicle fire on Aug. 1. The fire, which occurred in the underground parking lot of the complex, destroyed approximately 70 vehicles. Mercedes-Benz Korea communicated details of the support program through the management office of the Cheongna apartment complex on Thursday. The company will provide one vehicle per affected household, sp

Renault Korea has been in a slump, with sales in Korea nosediving from nearly 100,000 units in 2020 to just 22,000 last year. Now, the company is pinning its hopes on the Grand Koleos, a new mid-size hybrid sport utility vehicle, to spark a comeback. With its debut marking Renault Korea’s most ambitious launch in four years, the big question is: Does the Grand Koleos have what it takes to turn things around? The Korea Herald reporter took it for a spin on a test drive in Busan last Tuesday

Hyundai Motor Company is making a bold move towards the future with an investment of 120.5 trillion won ($90.3 billion) over the next decade. This investment is designed to keep Hyundai agile as mass adoption of electric vehicles remains uncertain. Key initiatives include the introduction of advanced hybrid systems, an expanded range of hybrid vehicles, and a new category of vehicles -- extended range electric vehicles, or EREVs -- that combine the strengths of both internal combustion engines a

Korean battery maker, American auto giant reaffirm commitment to growth of EV market

Hyundai Motor Company and Kia have just secured their place among the world’s most financially sound automakers. According to industry sources Monday, both companies received A ratings from the world’s three major credit rating agencies -- Moody's, S&P and Fitch. This positions Hyundai and Kia alongside just three other automakers -- Mercedes-Benz, Toyota and Honda -- that have earned A ratings from all three major credit rating agencies. Credit ratings from these agencies i