Even those unfamiliar with the world's largest electric vehicle maker BYD Auto may have noticed their commercial electric buses that have been navigating city streets in Korea since 2017. Now the Chinese automaker, known for its exceptional affordability, is reportedly entering the broader consumer Korean EV market in the latter half of this year by introducing the Dolphin hatchback, Atto 3 compact crossover, and Seal midsize sedan electric vehicles. They are currently undergoing a performance e

With goal of debuting flying taxies in 2028, Hyundai-backed Supernal bulks up presence

Hyundai Motor Group Executive Chair Chung Euisun (right) and Japan’s nine-time PGA Tour winner Hideki Matsuyama hold the trophy celebrating the player’s victory at the 2024 Genesis Invitational of the US PGA Tour held last week at California's Riviera Country Club. In its eighth year as the event's title sponsor, the carmaker's Genesis brand provided a fleet of 220 vehicles during the four-day tournament. Matsuyama was awarded a $4 million prize along with the GV80 c

Hyundai Motor Company has acquired a hydrogen fuel cell business from the group's affiliate and auto parts supplier Hyundai Mobis at 217 billion won ($163 million) to consolidate the group's hydrogen energy efforts. The agreement, finalized on Friday, includes a complete transfer of assets, personnel, and operations related to Hyundai Mobis' domestic hydrogen fuel cell activities to Hyundai Motor Company. Hyundai Motor Group is streamlining its operations by focusing its hydrogen

LS Cable & System, through its subsidiary LS Eco Advanced Materials, has partnered with European magnet manufacturer Vacuumschmelze to create a joint venture aimed at making special magnets needed for electric vehicles. Announced on Wednesday, this partnership will start producing 1,000 tons of neodymium permanent magnets annually by 2027, enough for half a million electric cars. Neodymium permanent magnets are crucial for the motors that power electric cars, making this venture particularly

South Korea's Hyundai Motor Group has initiated a project aimed at significantly boosting the local production and procurement of automotive semiconductors from early this year, according to industry sources on Friday. Challenges stemming from the auto group's heavy reliance on international suppliers for its semiconductor needs, such as supply chain vulnerabilities exposed during the global pandemic, are expected to be resolved through the initiative. Over 90 percent of Hyundai's

Korea's EV policy revision could leave the Tesla Model Y facing more than a $2,800 subsidy disadvantage compared to the Hyundai Ioniq 5

Carmaker aims to complete $7.6b mega plant by October this year in bid for subsidy benefits

BMW Group Korea said Wednesday that it will begin loading the Korean BMW navigation system based on the country's leading mobility platform Tmap, starting with the BMW X1 and BMW 2 Series Active Tourer models this month. The automaker said the newly developed navigation system offers advanced convenience, as it receives the latest traffic and map information in real time through online streaming. The Korea-dedicated navigation will be equipped on the BMW New X2 and new Mini models, which ar

Renault Korea Motors, the South Korean unit of French automotive giant Renault Group, said Tuesday it has appointed Regis Brignon, a software and electrical systems specialist, to lead the development of its software-defined vehicles, or next-generation smart vehicles, for the Korean market. Starting in February as the director of systems engineering operations at Renault Technology Korea, he will lead teams in developing next-generation technologies for future Renault models made in Korea, inc

Hyundai Motor Group is highly likely to surpass the 100-million-vehicle sales mark this year, 56 years after it started selling cars in Korea in 1968. According to the carmaker on Monday, it has sold close to 97 million vehicles around the world as of last year. Of these, about 24 million were sold in Korea's domestic market, accounting for approximately 25 percent of total sales, while the remaining 73 million, or 75 percent, were sold internationally. To achieve the 100 million milestone,

Electric cars accounted for 9.3 percent of newly purchased cars in South Korea last year, data showed Monday, hovering above that of other major counterparts, including the United States and Japan. The electric vehicles (EVs) took up 162,507 of 1.74 million cars sold in South Korea in 2023, according to the data compiled by the Ministry of Land, Infrastructure and Transport. The ratio marked a significant rise from just 1.9 percent tallied in 2019. The figure, however, fell slightly from 9.7 per

Rolls-Royce Motor Cars is commemorating the year 2024 ahead of the Lunar New Year with limited Year of the Dragon Bespoke Commissions, featuring four distinctively designed vehicles, exactly 12 years after its first dragon-themed Phantom in 2012, which sold out in China within two months of release. Introduced last Friday, the 2024 exclusive collection includes three extended versions of the Phantom and one Cullinan sport utility vehicle, each adorned with design elements inspired by the dragon,

The US auto safety authorities have closed a probe into engine fire risks on Hyundai Motor and Kia vehicles as the South Korean automakers’ recalls have lowered fire rates, according to Reuters Thursday. The National Highway Traffic Safety Administration said the majority of the recalled Hyundai and Kia cars reported lower fire accidents after they underwent the necessary fixes whereas those that had not been repaired showed relatively high fire rates. The US safety authorities first began

LG Chem announces W25tr cathode supply deal with US auto giant