Legal battle expected over Edison’s W30b deposit on the collapsed deal

Hyundai Motor Group said Monday that its flagship electric vehicle Ioniq 5 has ranked top in German automotive magazine Auto Bild’s EV test, beating other European rivals such as Audi Q4 e-tron and Polestar 2. In the latest edition of Auto Bild, the vehicles were tested and evaluated based on seven categories including performance of powertrain, driving comfort, connectivity, eco-friendliness and price competitiveness.  Ioniq 5 ranked top in four categories with a total of 573

A takeover deal of debt-laden SsangYong Motor appears to have fallen into a quagmire again as its buyer, local electric bus manufacturer Edison Motors, failed to pay the bill. The consortium led by Edison Motors failed to pay the remaining payment of 274.3 billion won ($224.1 million) by Friday, local media reported Sunday, quoting industry sources. Without complete payment, the Edison Motors-led rehabilitation plan for the financially troubled SUV maker is rendered meaningless, industry watch

The South Korean government on Friday lifted an overseas travel ban on GM Korea CEO Kaher Kazem, almost 16 months after the Australian GM executive was barred from leaving the country on charges of illegally outsourcing labor. Kazen is currently standing trial for violating labor laws after the carmaker was found to have hired some 1,719 workers from 24 subcontractors to work at its local plants between September 2017 and December 2020. The Seoul headquarters is suspected to have directly inst

Viable tourist destinations include the US, Europe and Thailand, while Japan and China remain effectively closed to tourists

Kia’s first all-electric vehicle EV6 won the Best of the Best award in the prestigious 2022 Red Dot Design Awards, according to Kia on Tuesday. The Red Dot Design Award is among the world’s most prestigious design awards that reward the most innovative design concepts besides the iF Design Award and International Design Excellence Awards. EV6 also claimed the Red Dot Innovative Products awards. “Kia implemented its new design philosophy ‘Opposites United’ on EV6,

Used car sales have soared to become a 20 trillion-won market, about twice bigger the market for new cars

Genesis, Hyundai Motor’s standalone luxury brand, proved that it not only makes great combustion engine cars but also premium electric cars by introducing the Genesis Electrified GV70. The luxury electric SUV has inherited much of the exterior and interior design of the original GV70 which had been praised by many car lovers for its sophisticated design. But some changes here and there helped the electrified model look much more dynamic and athletic than its previous model. For instance

South Korea's Hyundai Motor Co. said Wednesday it will produce the IONIQ 5 all-electric model in its first manufacturing plant in Southeast Asia. Hyundai Motor completed the 150,000 unit-a-year plant in the Deltamas industrial complex near Cikarang, 40 kilometers east of Jakarta, in December. The Indonesian plant is already producing the compact Creta SUV, a strategic model for the region, and is expected to churn out the Santa Fe SUV in the first half and a small multi-purpose vehicle in the

Renault’s Korean unit announced Wednesday that it has started the process of removing Samsung from its name and rebranding itself as Renault Korea Motors. The carmaker explained that it hopes to enhance its brand image as a domestic carmaker with its new name by replacing Samsung with Korea despite being part of Renault Group and the Renault-Nissan-Mitsubishi Alliance. “Under the new name Renault Korea Motors, we will revise product and service competitiveness to meet the high sta

South Korean carmaker Hyundai Motor Group opened its first Southeast Asian manufacturing plant in Indonesia on Wednesday, gearing up its drive to expand its presence in a region long dominated by Japanese rivals.  The plant, located in the Deltamas industrial complex 40 kilometers east of the capital city of Jakarta, has started mass production of Hyundai's flagship electric vehicle Ioniq 5, the first EV to be manufactured in the country, the carmaker said. It plans to invest 1.92 trillio

Simple but sporty is how Volvo’s first all-electric SUV Coupe, the C40 Recharge, can be best described. The first impression of C40 Recharge is that it looks very similar to the brand’s first pure electric compact SUV XC40 Recharge, both from the outside and inside. But on a closer look, the C40 Recharge design has added a spoonful of sportiness. Volvo got rid of XC40’s roof and instead, it let the roof line slip toward the back to make it more aerodynamic and energy efficie

Stepping closer to a longtime dream of mankind, Volocopter, a Germany-based startup that develops electric vertical takeoff and landing (VTOL) aircraft, will start a commercial air taxi business in the next two years -- but overcoming regulatory hurdles and gaining public acceptance remains a challenge. “At this point, it is no longer a question of if electric air taxi services will come to cities around the world, but when,” said Hon Lung Chu, Head of Singapore and BD Southeast As

LG CNS said on Tuesday it began pilot operation of an app that collects, stores, analyzes and processes personal data on everything from daily transactions to hours spent on YouTube to making recommendations for smart spending The Haruzogak app brings together pieces of data scattered across different apps, records a customer’s daily life, and reports how much she spent on delivery food, how many times she visited convenience stores and how many hours she spent on stock investments e

For Mini Cooper fans, it’s likely the car’s iconic design is enough for them to put up with the notorious bumpy ride. The electrified compact vehicle, however, dispels such worries. Like any other EVs, the Mini Cooper SE Electric offers a smooth driving experience in a quieter atmosphere. Not just because of the 32.6 kWh battery that replaces the gasoline-powered powertrain but also because of the lower center of gravity, 30 millimeters lower than the standard Cooper -- a significa