With full-electric Ioniq 5 N, carmaker aims to boost mass market appeal of high-performance cars

Kia’s manufacturing plant located in Anantapur, India, celebrated the manufacturing of its 1 millionth vehicle after four years on Thursday. Since setting up production in India in 2019, Kia has produced some 532,450 units of the compact SUV Seltos, accounting for the majority of those made there. Other vehicles produced there include 332,450 of compact SUV Sonet, 120,516 Carens and 14,574 of the Carnival minivan. At a ceremony celebrating the plant’s manufacturing milestone, executi

Hyundai Motor CEO Chang Jae-hoon (left) and Till Wartenberg, head of N brand, pose for a photo next to the Ioniq 5 N, the carmaker’s first all-electric high-performance car, at the unveiling event held during the Festival of Speed in Goodwood House, West Sussex, England, Thursday. The first electric variant of the N brand boasts 487kW of power and 770Nm of torque, equipped with advanced features such as an 84 kWh high-power battery pack and a heat control system specifically designed for

With production set to start Q2 2024, carmaker looks to receive IRA tax incentives

US state’s top policymaker vows full support for Samsung SDI-GM joint venture to generate high-paying jobs

Carmaker’s vision of ‘ultimate mobility’ inches closer to reality

Hyundai Motor Group’s sister firm Kia said Tuesday it has tapped Pierre-Martin Bos, a commercial vehicle specialist, as the European chief of its burgeoning purpose-built vehicle, or PBV, business. PBVs refer to battery-powered cars designed to meet specific customer needs such as delivery, ride-hailing and business-to-business transactions. With 25 years of experience, Bos previously worked for Fiat and Stellantis, where he was tasked with handling sales and marketing of commercial vehicl

Hyundai Motor Group became the second-largest car brand in terms of sales in the US electric vehicles market in the first quarter of this year, data showed Monday. Following Tesla’s 336,892 units, Hyundai and its smaller affiliate, Kia, sold 38,457 units in the first half of this year, up by 11 percent compared to 2022, according to auto market tracker Motor Intelligence, cited by CNBC. Hyundai-Kia outpaced General Motors, which was second in EV sales during the January - June period last

Korean auto giant rethinks EV charger strategy, with more rivals joining Tesla’s Supercharger network

Travel demand to Hong Kong remains weak among South Korean travelers, data showed Sunday, with a report suggesting anti-China sentiment is still prevailing. A total of 591,998 passengers used the air routes between Korea and Hong Kong from January to May, according to data from the Ministry of Land, Infrastructure and Transport. The number is only 35.3 percent of the passengers recorded in the same period four years ago, when the pandemic had yet to break loose. Meanwhile, the number of passenge

Hyundai Motor Group Executive Chair Chung Euisun visited Intel’s semiconductor plant in Ireland on Friday to inspect the global chip supply chain trends and prepare stability for in-vehicle chips in the future. According to the South Korean auto giant on Sunday, Chung checked out the manufacturing process at the Fab 24 manufacturing plant, located at Intel Ireland’s Leixlip campus in County Kildare as he was briefed on the chip company’s global business status. Hyundai Motor Gr

Suspended construction work on joint battery plant to resume immediately

Volvo Trucks President Roger Alm visited South Korea to show the company’s commitment to cater to the fast-growing demand of electric commercial trucks in the nation’s logistics industry, the company said Wednesday. During a luncheon with corporate clients in a hotel in Seoul, Alm stressed the importance of the Korean market and pinned high hopes on its Korean unit in creating a strong foothold in the electric heavy-duty vehicles market. Aside from battery-powered trucks, the truckma

The number of ultra-expensive luxury cars priced at over 300 million won ($231,00) sold in South Korea has exceeded 6,000 units, a report showed Tuesday. As of April, 6,299 units of high-priced cars were registered nationwide, according to a report from Rep. Yang Kyung-suk of the main opposition Democratic Party of Korea, citing data from the Ministry of Land, Infrastructure and Transport. Vehicles priced between 300 million and 500 million won hit 5,006 units, while the ones priced at over 500

GWANGJU -- A line of pressing machines continuously stamped out automotive body panels inside Kia’s manufacturing plant in Gwangju on Thursday. The pressers never seemed to miss a beat as they kept stamping out the panels, offering a glimpse of the automatized operations at the South Korean carmaker’s major domestic production site. A similar scene could be observed at the next stop, the welding shop. A large electronic display board hanging down from the ceiling showed how the autom