South Korean auto parts-maker Hyundai Mobis has secured $1.7 billion worth of overseas orders from foreign carmakers last year, marking a record on-year increase of 40 percent, the company said Tuesday.Overseas sales of core auto components by the company have also shown rapid growth, having shot up from $500 million in 2015 to $1.2 billion in 2017. (Hyundai Mobis)The company has secured around 60 percent of its overseas orders -- worth $1 billion -- from electric vehicle manufacturers from Chin

Kia Motors Corp. said Monday that early this month its total sales in Britain exceeded one million vehicles since it started exporting to the country 28 years ago. On Jan. 10, Kia's vehicle sales in the country hit the milestone after reporting 998,069 units at the end of December, the company said in a statement. (Yonhap)Kia entered the market with the Pride compact in 1991. It later launched models, such as the Sportage compact SUV, the Ceed hatchback, and the Morning mini car, it said. For al

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South Korea will spend 7.3 billion won ($6.51 million) this year to develop innovative technologies for aerial, marine and ground-based unmanned vehicles, the government said Sunday.　The Ministry of Science and ICT said it has finalized the scale of various projects to secure core technologies that can allow autonomous vehicles to operate in the air, on land and at sea.  Google`s self-driving vehicle (Google)　“(The government) will make efforts to overcome the limits of commercialization of unma

South Korea's automobile exports shot up 22.6 percent on-year in December on the back of the release of new models from local carmakers, government data showed Friday.According to the Ministry of Trade, Industry and Energy, automakers here shipped 219,313 cars overseas last month, rising sharply from a year earlier, with the value estimated at $3.78 billion. (Yonhap)For the whole of 2018, the number of cars shipped abroad edged down 3.2 percent to 2.44 million units, or $40.9 billion due to the

South Korean battery makers are lagging behind their rivals in China and Japan in electric vehicle battery competitiveness, a local think tank said Thursday. Korean car battery companies, such as LG Chem Ltd. and Samsung SDI Co., have witnessed their combined share in the global battery market plunge to 11 percent in 2018 from 30 percent in 2014, due mainly to a lack of captive buyers, the Korea Economic Research Institute said in a statement.  (Yonhap)"Unlike their Korean rivals, Chinese power

Mercedes-Benz Korea, the Korean unit of the German carmaker, said Thursday that it would push future mobility this year and roll out the new EQC crossover, its first fully electric sport utility vehicle.Declaring 2019 as the “year of EQ,” the company said it would launch four new plug-in hybrid electric vehicles in addition to the new fully electric SUV, as well as nine new models and six facelifted ones to strengthen its product lineup.The exact local launch date remains undecided, the company

President Moon stresses government’s determination to make transition to a hydrogen economy

Hyundai Mobis, the car parts making arm of Hyundai Motor Group, said Thursday that it has partnered with telecommunication company KT to jointly develop connected car technologies. The companies have launched fifth-generation network service at Hyundai Mobis’ test ground in Seosan, South Chungcheong Province, in an effort to ramp up the drive for connected car research and development.A connected car refers to a car equipped with internet access, usually a wireless local area network. This allow

Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. said Thursday they will recall approximately 168,000 vehicles in the United States over defective fuel pipes.The recall involves fixing improper repairs during the previous two recalls over engine failures and offering software upgrades for the affected vehicles, the companies said. (Yonhap)The software update is designed to protect the vehicles from engine damage, and new extended warranties will be offered for engine problems, they s

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Hoping to nurture young professionals, company plans to open cultural space for future mobility in Seoul this year

At star-studded Detroit auto show, carmaker unveils Veloster N TCR, Kia Telluride

South Korea's antitrust watchdog said Tuesday that it has fined Toyota Motor Korea Co. 817 million won ($729,000) for deceptive advertising of its RAV4 sport utility vehicle.Toyota Motor Korea advertised that its RAV4 obtained a top safety pick in five test categories, including the driver's side small overlap front and roof strength, from the U.S. Insurance Institute for Highway Safety in 2015. (Yonhap)In 2016, the RAV4 earned the Top Safety Pick Plus rating from the independent nonprofit organ

Hyundai Motor Co. and its affiliate Kia Motors Corp. posted 0.6 percent on-year sales growth in the United States last year due to a slowing economy and a lack of competitive models, the companies said Monday.In 2018, Hyundai and Kia sold a combined 1.27 million vehicles in the US market. Hyundai's sales fell 1.1 percent on-year to 677,946 units and Kia's were little changed compared to a year earlier at 589,763 units, Hyundai Motor Group said in a statement, citing figures from Autodata Ltd., a