The Indonesian plant is also the automaker’s all-in-one hub where multiple processes from engine building to painting, press, vehicle body manufacturing and innovative research will be conducted, according to the carmaker. Given the strength of the plant’s location, where shipping to neighboring countries is easy, Hyundai Motor said it will produce exclusive EV models for the region to lead sale...

In similar context, the South Korean government has announced last month that it would raise public awareness about the new concept vehicle through developing UAM tourism services and set up UAM theme parks with help of local governments and public institutions. Volocopter has been building products to meet the needs of people through electric powered aircrafts in a new kind of urban style. Vol...

Hyundai Motor Group’s flagship electric vehicle model Ioniq 5 is now available for mobility subscription service from Hyundai Selection in metropolitan areas including Seoul. The Korean automaker said Sunday that Ioniq 5 will be offered as an option in the monthly program Regular pack. The model was only offered for the daily-subscription plan Special pack subscribers in Jeju and Busan. Hyundai...

Price increases of metals essential for electric batteries could spell trouble for automakers who are already struggling to keep costs down in the face of supply chain disruptions, market insiders said Wednesday. The price of nickel is surging as Russia, a key supplier of the metal, faces extensive global sanctions over its invasion of Ukraine. On Tuesday, the price of nickel doubled to $100,00...

There are more female members in corporate boardrooms in South Korea this year, as a revised law obliging big companies to improve gender diversity is due to take effect in August. But the presence of women executives yielding actual management power is still far from the global average, a survey and data showed Tuesday. Of the 104 outside directors set to start their terms in the first half of ...

Hyundai Motor Group said Monday that it will make a $1 million donation to the Red Cross to aid their support for people in war-hit Ukraine. “As the humanitarian situation worsens in Ukraine, it is clear many vulnerable people and communities are in need of urgent assistance,” Hyundai Motor said in a statement. South Korea conglomerates like Samsung, SK, Kakao earlier announced that they have m...

The South Korean government decided to keep the current fuel tax cuts for another three months until July amid concerns that the war in Ukraine could propel energy prices. In November last year, the government lowered fuel taxes by a record 20 percent in a bid to tame inflationary pressure. The measure was set to expire at the end of April. A 20 percent cut equals to a reduction of 164 won per ...

Han Sung Motor, an official dealer of Mercedes-Benz Korea, said Friday that it has clinched a contract to sponsor three breakdancers. The sponsorship is part of a new project called WANNA.B by Han Sung Motor. It was established this year to support B-boy and B-girls to achieve what they want to become in the future. Through such a project, Han Sung Motor said it will launch more activities to ex...

Hyundai Motor Group said Friday that its flagship electric model Ioniq 5 has received a higher score than Mercedes-Benz EQB from German automotive magazine AutoBild’s review. The carmaker said AutoBild compared the two models based on seven categories -– body, comfort, powertrain, driving dynamics, connected car, environment and cost -– along with 53 subcategories. Out of 800 points, Ioniq 5 rec...

Kia Motors, a sister company of Hyundai Motor, is aiming to sell 4 million vehicles globally by 2030, with half of them being eco-friendly models, the company said on Thursday. The carmaker will expand the portion of electric vehicles and hybrids in overall sales from the current 17 percent to 52 percent by 2030. For markets with state-supportive policies for EVs –- Korea, North America, Europe...

Hyundai Motor has set a new sales target of its electric vehicles at 1.87 million units a year, aiming to secure 7 percent of global EV market share in the next eight years. Such a goal would have EVs turning into a major cash cow for the carmaker over combustion engine cars, as the portion of battery-powered vehicles in overall sales will rise to 36 percent, the carmaker said in a statement rel...

The number of deaths at workplaces due to safety accidents has fallen compared to a year ago after the country enforced a strengthened industrial safety act, according to government data. The Labor Ministry data showed that from Jan. 27 to Feb. 26, a total of 42 people died from 35 fatal industrial safety accidents, compared to 52 deaths from 52 accidents that occurred over the same period last ...

PLANA, a South Korean startup developing vertical take-off and landing aircraft powered by hybrid e-powertrain, shared its vision for advanced air mobility, or AAM, with its unique model at the 2022 Drone Show Korea that ended Saturday. Plana CEO Braden J. Kim, who studied aerospace engineering and holds a doctorate in mechanical engineering, founded the company in July last year. He most recent...

Starbucks Korea said Sunday that it has donated a piece of calligraphy by Manhae Han Yong-un, a 20th century Korean Buddhist reformer and poet who also fought for Korea’s independence, to the National Trust for Cultural Heritage to mark the 103th anniversary of Korea’s Independence Movement Day that falls on March 1. The writing, which reads “Jeon Dae Beob Ryun,” has the meaning that a world of ...