Luxury motorcycle brand sees 20% jump in Korean sales last year

Hyundai Motor Company on Thursday launched The All-New Kona Electric, a compact electric sports utility vehicle designed to suit the different lifestyles of various customers. Equipped with a 64.8 kilowatt-hour battery, the electric SUV can drive up to 417 kilometers per charge. According to the automaker, its starting price is set at 46.54 million won ($35,200), while the actual purchase cost is estimated to be in the low to mid 30 million won range after local and central government subsidies

BMW Korea on Wednesday unveiled its hydrogen-powered pilot model, the iX5 Hydrogen, on Yeongjongdo, Incheon. Based on BMW’s fifth-generation eDrive technology, it can power up to 401 horsepower and accelerate from 0 to 100 kilometers per hour in less than 6 seconds. The car’s energy tank, which takes 3-4 minutes for a full charge, can store approximately 6 kilograms of hydrogen. It can drive around 500 kilometers on a single charge.

Kia breaks ground for nation’s first EV-only plant, with President Yoon in attendance

Korean Air said Monday it is going all out to secure regulatory approvals from the remaining competition authorities -- the EU, US and Japan -- for acquiring its cash-strapped rival Asiana Airline. Korean Air CEO Walter Cho and other top executives have led the negotiation process with the antitrust regulators, the national flag carrier said in a statement. They also met with foreign airline authorities to offer new flying slots in South Korea, but the press release did not give more details.

Mercedes-Benz on Monday launched the new Mercedes-AMG EQE, the high-performance brand's second electric vehicle, in South Korea. Equipped with a 90.56-kilowatt-hour battery, the latest EV can drive up to 354 kilometers on a full charge, according to the automaker. The German brand's fastest EV so far, the new Mercedes-AMG EQE can reach 100 kilometers per hour from zero in 3.5 seconds. The price begins at 143.8 million won ($109,000).

With 80 workbays and over 130 technicians, Seongdong Service Center reigns as largest among auto importers in S. Korea

SK Energy, a leading oil company under SK Innovation, said Sunday it has opened the country's first hydrogen charging station for large cargo trucks in Ulsan, an industrial city on the southern coast. With the charging capacity of 80 kilograms per hour, the hydrogen fueling station can charge 16 passenger cars per hour or 40 large trucks a day. Of the 7 billion won ($5.3 million) joint investment with the Korean government and Ulsan city, SK Energy shelled out 1.3 billion won to build a 1

The average unit price for Korean car exports hit an all-time high of $21,276 last year, thanks to the popularity of ecofriendly cars and recreational vehicles, data from the Korea Automobile Manufacturers Association showed Sunday. The price is a 40.5 percent jump from $15,147 in 2017. Last month, the average unit price reached $22,515. In 2022, the auto export volume surged on-year by 12.7 percent to 2.3 million units, while the total export price jumped 18 percent to $48.9 billion. The figu

The Ioniq 6, Hyundai Motor Company's all-electric vehicle, took home the World Car of the Year honor at the award ceremony held at the New York International Auto Show on Wednesday. The victory marked the second consecutive win for the carmaker after its predecessor, the Ioniq 5, was given the same award a year ago. The Ioniq 6 also won the World Electric Vehicle and World Car Design of the Year, given by a jury of 100 automotive journalists from 32 countries.

Korean Air said Wednesday it is resuming services to four major destinations in Europe by late April. After a three-year hiatus due to the COVID-19 pandemic, the airline has resumed flights to Prague and Zurich since March 27, while those for Istanbul and Madrid are set to be resumed from April 24. Each route will have three flights per week. The four cities are among the most popular tourist destinations in Korea. Prague in eastern Europe is home to many UNESCO world heritage sites. Zurich, the

Korean battery maker secures critical material in African country to cope with US, EU-first acts

Hyundai Motor Group won two awards at Newsweek’s World’s Greatest Auto Disruptors awards held Tuesday. Chief Creative Officer Luc Donckerwolke (right) was named the disruptor designer of the year, while Genesis House New York, a flagship luxury showroom, won the disruptor marketing of the year award. Last year, Executive Chair Chung Euisun was given the top visionary of the year award.

Despite pandemic disruptions, Korean Air posts record sales in 2022

Masta Electric Vehicle on Tuesday signed a partnership with the Korean federation of small and medium business (SME) groups to support SME owners and expand its presence in the market. The two sides inked a memorandum of understanding at Masta Electric Vehicle’s exhibition booth at the Seoul Mobility Show held at Kintex in Gyeonggi Province. Representing some 20 SME groups and their 7 million members nationwide, the SMEs federation bought 400 units of Masta Him, the automaker’s small