Most Popular
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Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
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Court upholds jail term for man who attempted to murder ex-girlfriend
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S. Korea to boost support for single-parent families
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Yellow dust engulfs S. Korea, advisory alert issued
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Lee Jong-sup resigns as envoy to Australia
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Kia EV9 wins world car of year
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Korea misses out on global bond index boost
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Hyundai’s N brand hits 100,000 unit sales
Hyundai Motor Group said Sunday its high-performance N brand has hit the 100,000 sales mark since its official launch in 2015. The brand’s six cars, including the very first i30 N and the recent Kona N, sold a total of 103,947 units globally as of the day. The South Korean auto giant offered an upbeat outlook for sales of the N brand, with the latest launch of the Ioniq 5 N -- the brand’s first full-electric car -- scheduled to make its commercial debut in September. Under the slogan
July 16, 2023
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Kia's India plant manufactures 1m vehicles in 4 years
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
July 14, 2023
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[Photo News] Hyundai Ioniq 5 N unveiled
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
July 13, 2023
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Kia vows $200m to produce EV9 at Georgia plant
Kia will invest over $200 million to manufacture the company’s latest all-electric three-row sport utility vehicle EV9 from its plant in the US state of Georgia, the South Korean automaker’s American office announced Wednesday local time. The company’s Georgia West Point assembly plant will be able to produce the EV9 in the second quarter of 2024, Kia said. The three-row EV SUV will be Kia’s first EV to be manufactured in North America. The West Point site currently produ
July 13, 2023
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[Herald Interview] 'Samsung SDI to play vital role in accelerating Indiana's EV transition'
Samsung SDI’s recent joint venture deal with General Motors to construct an electric vehicle battery cell manufacturing plant in Indiana is expected to play a pivotal role in fostering a more advanced manufacturing workforce. “We’ve got five auto OEMs (original equipment manufacturers) (including GM and Toyota) in Indiana that give us tons of auto (workers). However, they are mostly focused on working on the production lines of internal combustion engine cars,” Indiana&rs
July 13, 2023
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[Exclusive] Hyundai’s 'walking vehicle' obtains US patents
Hyundai Motor Group has obtained patents for walking vehicles in the US, taking the next step in making the South Korean auto giant’s futuristic four-legged cars a reality. According to the US Patent and Trademark Office on Tuesday, two patent applications for walking vehicles were published under the names of both Hyundai and Kia on July 6, about 19 months after the two companies filed for the patents on Dec. 31, 2021. The patents protect the technologies of Hyundai’s concept car, E
July 11, 2023
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Kia names new PBV chief in Europe
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
July 11, 2023
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Hyundai Motor Group ranks No. 2 in US EV sales
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
July 10, 2023
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[KH Explains] Will Hyundai Motor stick to its own charger technology in US?
Hyundai Motor Group has reportedly started discussions on its electric vehicle charger strategy as a growing number of carmakers are joining market leader Tesla’s own Supercharger network in the US, according to industry sources Monday. “I’ve heard that Hyundai Motor Group has been holding a series of emergency meetings to tackle the issue,” an industry source close to the matter told The Korea Herald on condition of anonymity. “The carmaker has been preparing to bo
July 10, 2023
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Travel demand to Hong Kong struggles amid anti-China sentiment
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
July 9, 2023
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Hyundai Motor chief visits Intel's Irish chip plant
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
July 9, 2023
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LG Energy Solution, Stellantis, Canadian gov’t agree on subsidies for battery plant
LG Energy Solution said Thursday it has come to an agreement with the Canadian government on the conditions of subsidies for the construction of a joint battery plant for electric vehicles with Stellantis. Nextstar Energy, a joint venture between LG Energy Solution and Stellantis, signed the final contract for the battery production plant in the Canadian province of Ontario. Meanwhile, the federal and local governments agreed to offer subsidies equivalent to those provided under the US’ In
July 6, 2023
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Volvo Trucks chief visits Seoul
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
July 5, 2023
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Sales of ultra-luxury super cars exceed 6,000 units
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
July 4, 2023
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[From the Scene] Kia's Gwangju plant ups automation
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
July 4, 2023
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Hyundai, Kia US sales rise 9.9% in June on SUVs, eco-friendly models
Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday their combined sales in the United States rose 9.9 percent in June from a year earlier on robust sales of SUVs and environment-friendly models. Last month, Hyundai and Kia sold 145,849 vehicles in the world's most important automobile market, up from 132,739 units a year earlier, according to the companies' sales data. Hyundai's sales climbed 11 percent to 75,354 units in June from 67,597 a year ago, while Kia's were
July 4, 2023
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KG Mobility to take over Edison Motors
KG Mobility said Monday it will look to strengthen its commercial vehicle portfolio after being picked as the final candidate to acquire Edison Motors. With approval from the local court in Changwon, South Gyeongsang Province, of KG Mobility as the final takeover candidate, Edison Motors can complete the corporate rehabilitation process once it submits a debt recovery plan and acquires an agreement from creditors. KG Mobility said it plans to transform Edison Motors into a firm that can contribu
July 3, 2023
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Hyundai, Kia to outpace chaebol rivals in Q2 profits
Hyundai Motor Company and its sister firm Kia will continue to post upbeat earnings in the second quarter as the two automakers are projected to take first and second places on the list of Korea’s top profit makers in the second quarter. According to market tracker FnGuide’s earnings consensus on Monday, Hyundai Motor’s operating profit in the second quarter is expected to reach 3.6 trillion won ($2.7 billion), up 21.1 percent on year to repeat as the leading earner among the l
July 3, 2023
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US deputy secretary welcomes SK-Ford battery partnership
David Turk, deputy secretary at the US Department of Energy, visited the construction site of BlueOval SK in Stanton, Tennessee, a joint venture of SK On and Ford Motor Co., the South Korean battery maker said Monday. “BlueOval SK is a project that shows fantastic partnership among the US government, SK On, Ford and BlueOval SK,” Turk said during a meeting with SK On, Ford Motor and SK BlueOval executives and US government officials on Thursday. “I think this is a phenomenal
July 3, 2023
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[Photo News] Mini showrooms in Korea
Mini has opened the world's first showrooms specifically designed to promote its high-performance brand -- John Cooper Works, or JCW -- in South Korea, the company under BMW said Monday. Located in Suwon, Gyeonggi Province, Incheon, Daegu and Busan, the four JCW performance showrooms present the entire lineup of JCW vehicles, offering premium services and test drives for customers. The Korean sales of JCW models jumped by 45 percent on-year in 2022, logging the biggest annual sales figure o
July 3, 2023