Volkswagen Group Korea on Tuesday launched the new Touareg, the first release from the German automaker in the local market in about two years, as the German automaker looks to bolster its presence here. “The Touareg has established a unique position, offering exceptional product value at a reasonable price,” said Till Scheer, CEO of Volkswagen Group Korea, during the launch ceremony of the new sport utility vehicle at Grand Hyatt Seoul. “It is an unmatched powerful premium SUV

Hyundai Glovis has partnered up with Chinese firm Huayou Cobalt to create an extensive recycling network for electric vehicle batteries, aiming to lead the way in sustainable battery management. Hyundai Glovis, a Korean logistics and distribution powerhouse, inked a memorandum of understanding with Zhejiang Huayou Recycling Technology, or Huayou Recycling, a subsidiary of cobalt giant Huayou Cobalt. Known for being the world's top producer of cobalt -- a crucial element for EV batteries --

As the US government intensifies efforts to regulate Chinese technology in connected vehicles over national security concerns, South Korea and other key allies are coordinating to balance these security goals with potential supply chain disruptions. The US State Department convened a meeting Wednesday with representatives from allied governments and industry leaders, including officials from South Korea, Australia, Canada, the European Union, Germany, India, Japan, Spain and the United Kingdom.

The Korean automotive electric parts sector is thriving even as electric vehicle sales slow down, driving significant gains for Samsung Electronics and LG Electronics in the second quarter. Automotive electric parts encompass a range of components integral to modern vehicles, particularly electric and hybrid models. These include infotainment systems offering multimedia and connectivity features, digital cockpits replacing analog gauges with digital displays and premium car audio systems from

Experts call for joint efforts to lay out relevant regulations, establish infrastructures to become pioneer

Hyundai Motor Company announced Wednesday that it signed a mobility sector partnership with the United Nations World Food Programme, the world's largest humanitarian organization dedicated to fighting hunger across the globe. The agreement ceremony took place at the Hyundai Motor Studio in Goyang, Gyeonggi Province, with Hyundai Motor Company CEO Chang Jae-hoon and WFP Executive Director Cindy McCain in attendance. Established to combat hunger in developing nations, the WFP aims to create a

US election uncertainty unnerves Korean battery makers

SK Group and SK On are reportedly fast-tracking their collaboration with China’s Zhejiang Geely Holding Group, a leading multinational automotive conglomerate. Industry sources reported that executives from Geely Auto responsible for technology, research and development, and international cooperation, visited SK Building headquarters in Seoul on Monday. The delegation, which included the CEO of Zeekr, Geely Auto’s premium EV brand, met SK Group Executive Vice Chairman Chey Jae-won an

Korean automaker demonstrates how air mobility services can be used for on-demand trips

Renault Korea’s latest mid-size hybrid SUV, the Renault Grand Koleos, is showing a promising start following its debut at the 2024 Busan Mobility Show last month, reporting over 10,000 contracts signed within the first month. According to Renault Korea, more than half of Grand Koleos buyers are in their 40s and 50s, a demographic seeking fuel-efficient family cars. This trend reflects a broader market shift in the Korean market, where hybrid vehicles have grown significantly. According to

New range guidance feature adds fun to EV driving

Kia logged another record profit in the second quarter on Friday, driven by an enhanced product mix, higher average selling price and favorable exchange rates. During the April-June period, Kia achieved two new records -- 3.64 trillion won ($2.63 billion) in operating profit and a 13.2 percent operating profit margin -- in second-quarter earnings, continuing to break records for two straight quarters. The automaker’s quarterly operating profit increased by 7.1 percent in comparison to the

Hyundai Motor Company on Thursday reported a record-breaking quarterly revenue for the second quarter of this year, marking a 6.6 percent increase from last year to reach 45.02 trillion won ($32.6 billion). The company attributed the results to an improved sales mix driven by the rising popularity of hybrid vehicles, which accounted for a double-digit proportion of sales for the first time, along with favorable currency exchange rates. In the same April-June period, Hyundai's operating prof

Italian supercar-maker opens new showroom in Korea, its 7th largest market

Hyundai Motor Group’s premium auto brand Genesis on Wednesday announced a five-year partnership with the Metropolitan Museum of Art in New York to provide various inspirational experiences for global audiences visiting the museum. The partnership marks the beginning of Genesis Art Initiatives, established to celebrate art as an authentic experience to discover truly meaningful and valuable aspects of life. Genesis will support the Met’s annual contemporary art commission series for t