Posco’s chief visited Argentina to check on the ongoing construction of a demonstration plant that extracts lithium collected from a local salt lake last week, the company said Wednesday.Stressing the importance of the steelmaker’s operation in the South American country for its sustainable growth, Posco Chairman Choi Jeong-woo encouraged workers to complete the project safety and maintain the sound partnership with the community, the firm said.In an intermediate survey of lithium re

While admitting that Hyundai Motor has made a relatively late entry into future mobility, the de facto leader of the world’s fifth-largest carmaker said Tuesday that he hopes to turn the company into a provider of related services that connect people’s physical distance.“It is clear that we are going to continue manufacturing cars. I believe that in the future, cars will take account for 50 percent share (by modes of transport), private air vehicle 30 percent and robotics 20 pe

Mercedes-Benz Korea CEO Dimitris Psillakis speaks during the opening ceremony of EQ Future pavilion, which the German carmaker’s vision for future mobility, in Gangnam, southern Seoul, on Tuesday. Psillakis said the carmaker aims for sales of plug-in hybrids or all-electric vehicles to make up more than 50 percent share by 2030, starting with electrifying the whole portfolio by 2022.The EQ Future Pavilion, which will be open until mid-January next year, will display various mobility s

BMW Group Korea unveiled Monday its premium compact car brand Mini’s face-lifted third generation New Mini Clubman, maintaining its distinctive style within the compact segment.The four-door compact wagon has gone through detailed changes, such as an expanded front grille and aerodynamically improved side mirror cap, but also keeps the Mini’s design heritage, such as the Union Jack-themed rear design, the automaker explained. For Cooper S and Cooper SD models, adaptive light-emitting

Hyundai Motor Group said Monday that it has developed the world’s first self-driving technology using AI-based machine learning, which detects the driver’s driving pattern and apply it to the smart cruise control system.In recent years, a host of carmakers have added advanced driver assistance systems to their models for safer and more convenient driving. One of the core technologies is adaptive cruise control, a function which makes a car slow down and speed up automatically to

Mercedes-Benz Korea, local importer and distributor of the German luxury carmaker, said Monday that it has launched its first pure electric car under its green car brand EQ.The new Mercedes-Benz EQC 400 4MATIC made its global debut last year in Europe, and in March at the Seoul Motor Show.  For enhanced customer experience, the company also introduced premium charging services and has expanded charging networks.The new EQC is powered by an 80-kWh lithium-ion battery developed by Daimler sub

South Korea’s export of eco-friendly cars mainly involving compact sport utility vehicles such as Hyundai Motor’s Kona and Niro have expanded significantly, government data showed Sunday.According to data compiled by the country’s Transport Ministry and Korea Automobile Manufacturers Association, exports of eco-friendly vehicles including electric vehicles and hybrid cars increased 41.8 percent to 189,033 units from January to September, compared to a year ago.  In Septemb

South Korea's vehicle exports fell 4.8 percent in September from a year earlier due to production losses caused by strikes at GM Korea Co., the trade ministry said Thursday. Five passenger and two commercial carmakers in South Korea shipped a combined 171,425 vehicles last month, down from 180,051 a year ago in terms of units, the Ministry of Trade, Industry and Energy said in a statement. "GM Korea suffered over 15,000 units in production losses (in September) as its union went on strike f

Hyundai Motor said Thursday its compact vehicle Kona was named the best diesel SUV model in Europe by an auto magazine in Germany. 　The German publication Auto Bild conducted a comparative evaluation of four compact diesel SUVs currently sold in Europe -- Hyundai Motor’s Kona, Mazda’s CX-3, Ford’s EcoSport and Dacia’s Duster.  The four models were assessed across seven categories of body, powertrain, driving dynamic, connectivity, environment, driving comfort and cos

GS Caltex, a local oil refiner that has a vast network for energy distribution here, will open its first hydrogen refilling station in Seoul at a retail outlet that also houses other sources of energy such as electricity, liquefied petroleum gas and gasoline.Calling it Total Energy Station, the planned station will be built on 3,300 square meters in Gangdong, southeastern Seoul, to provide all sorts of energy needed for ground transportation. It will start operation in December.The hydrogen refi

Hyundai Motor to invest W41tr by 2025 for development of future mobility services

Daimler Mobility AG -- a subsidiary of Daimler AG, which owns Mercedes-Benz -- has established Mercedes-Benz Mobility Korea to offer mobility solutions in Korea, the firm said Tuesday.The new entity by the mobility unit of the Daimler AG, which recently changed its name from Daimler Financial Services AG to Daimler Mobility AG, will focus on providing digitalized customer service and premium mobility products, MBMK said. MBMK will kick off in Korea with the launch of a premium long-term car rent

Storage for strollers, golf clubs and boxes of groceries, spacious backseats and high-end safety features are increasingly becoming important factors to customers in Korea seeking vehicles that fit their family-oriented lifestyles.Rather than choosing sedans with better driving performance, a growing number of customers -- particularly those in their 30s and 40s -- are looking for mid-sized sport utility vehicles in consideration of fuel economy, passenger convenience and ease of use.According t

Dimitris Psillakis (left), CEO and president of Mercedes-Benz Korea, and Mark Raine, vice president of product and marketing, pose for photos at a session held for the media to test the new Mercedes-AMG GT four-door coupe and E53 4MATIC+ at the AMG Racing Track in Yongin, Gyeonggi Province, Monday. Introducing the family of high-performance AMG vehicles, Psillakis said, “No matter which AMG model you choose, you will get a high-performance vehicle, which excites with powerful performa

New addition to global leadership comes amid imminent launch of GV80, barometer for Genesis’ success in market entry