SEOUL, Oct. 6 (Korea Bizwire) – The South Korean units of Mercedes-Benz Group AG and Volkswagen Group plan to provide information regarding the battery management system (BMS) of their electric vehicle (EV) models to the local transport safety authority, according to officials Sunday. According to a Korea Transportation Safety Authority (KTSA) report submitted to Rep. [...]
SEOUL, Oct. 4 (Korea Bizwire) – Sales of the Genesis GV80, a luxury SUV from Hyundai Motor’s premium brand, are surging despite its hefty price tag. The vehicle’s sales figures are outpacing those of its more affordable counterpart, the Hyundai Palisade, showcasing the growing appetite for luxury vehicles in the South Korean market. According to Hyundai [...]
SEOUL, Oct. 4 (Korea Bizwire) — BMW Korea Co.’s driving center has attracted over 1.5 million visitors since opening a decade ago, amid the company’s continued efforts to offer unique driving experiences despite it recording annual losses, according to company officials Friday. According to BMW Korea, the company has invested 90 billion won (US$67.5 million) [...]
SEOUL, Oct. 3 (Korea Bizwire) – Mercedes-Benz Korea announced on October 2 the launch of its updated off-road vehicle, the New G450d, a refreshed version of the iconic G-Class SUV. The new model maintains the G-Class’s signature boxy exterior and analog charm while significantly improving driving performance and convenience features. A key upgrade in the G450d [...]
SEOUL, Oct. 3 (Korea Bizwire) – Genesis, the luxury vehicle division of Hyundai Motor Group, revealed Black Editions of its premium large SUVs, the Genesis GV80 and GV80 Coupe, on October 2. The GV80 Black is the brand’s second all-black model following the G90 Black. Genesis states that these new editions maximize luxury by applying black [...]
SEOUL, Sept. 30 (Korea Bizwire) — Hyundai Motor Co. on Monday reached a major milestone of 100 million units in global cumulative production, an achievement accomplished in 57 years since the company’s foundation, the automaker said. In celebration of the achievement, Hyundai Motor held a ceremony at its plant in Ulsan, some 300 kilometers southeast [...]
SEOUL, Sept. 25 (Korea Bizwire) – Seoul is set to introduce the country’s first nighttime self-driving taxi service in the bustling Gangnam district starting September 26. The service will be accessible through Kakao T, the same popular ride-hailing app used for conventional taxis. According to Seoul city officials, the autonomous taxis will operate from 11 p.m. [...]
SEOUL, Sept. 24 (Korea Bizwire) – The U.S. government’s decision to phase out the sale of vehicles using Chinese or Russian software and components in autonomous driving and communication systems has drawn attention to its potential impact on South Korean automakers and parts suppliers. Industry analysts predict that this move by the U.S. administration could prove [...]
SEOUL, Sept.17 (Korea Bizwire) – With millions of South Koreans gearing up for the annual Chuseok holiday exodus, online marketplaces are seeing a surge in sales of unconventional car accessories designed to make long journeys more comfortable. Gmarket, a popular e-commerce platform, reported a notable uptick in searches for portable urinals with the holiday approaching. Originally [...]
SEOUL, Sept.16 (Korea Bizwire) – As Hyundai Motor Company recently announced plans to mass-produce extended-range electric vehicles (EREVs), the battery industry is closely watching the potential impact of this emerging technology. While the market viability of EREVs remains to be fully proven, there’s growing optimism that the expansion of this sector could provide a much-needed boost [...]