carmakers

Earnings Kia maintains double-digit margin in Q1 with record revenue

Kia Corp., South Korea’s second-largest automaker, extended its double-digit profit margin streak to a 10th consecutive quarter, posting recor...

Automobiles South Korea announces emergency support for auto sector against US tariffs

South Korea’s government has announced emergency-support measures for the country’s auto sector, as it rushed to ease the impact of U.S....

Automobiles Kia to release PV9 in 2029, retains CEO for 3 more years

Kia Corp. will release a new purpose-built vehicle (PBV) model every two years, with plans to launch the PV9 in 2029 and its first model, the PV5, t...

Corporate governance Hyundai Motor taps ex-CPPIB private equity head Suyi Kim for board role

Hyundai Motor Co. has tapped Suyi Kim, former private equity head of the Canada Pension Plan Investment Board (CPPIB) and Benjamin Tan, an ex-portfo...

Electric vehicles Hyundai, Kia EVs qualify for US subsidies for first time

Five electric vehicle models from Hyundai Motor Group, encompassing Kia Corp., were included in the 25 EV models qualifying for US tax credits in 20...

Automobiles Korean carmakers to bolster lineups with EVs, hydrogen models

Hyundai Motor Co. and other South Korean carmakers will release various types of new models ranging from hybrid sport utility vehicles (SUVs) and el...

Automobiles Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico

Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next y...

Automobiles Kia to supply PV5 to DHL Korea from 2026

Kia Corp., South Korea’s second-largest automaker, said on Thursday it signed a memorandum of understanding (MOU) to supply its purpose-built ...

Chemical Industry LG Chem strengthens automotive adhesives biz

South Korea's LG Chem Ltd., the world’s fourth-largest chemical manufacturer, said on Wednesday it will expand into the automotive adhesives m...

Batteries LG Energy Solution’s battery management business gains traction

LG Energy Solution Ltd. has kicked off a battery management total solution (BMTS) business to offer automakers more advanced and comprehensive batte...

Logistics Hyundai Glovis, BYD seek strategic alliance on car exports

Hyundai Glovis Co. has inked a memorandum of understanding with China's No. 1 electric vehicle maker BYD Co. to form a strategic alliance on car tra...

Automobiles Hyundai, GM deepen ties to jointly develop cars

South Korea’s auto juggernaut Hyundai Motor Co. and US auto giant General Motors Co. will explore ways to jointly develop new vehicles and sou...

Future mobility Electrification, Hyundai Mobis’ growth engine for future mobility

Hyundai Mobis Co., the world’s fifth-largest auto parts maker, is set to focus on electrification to enhance its competitiveness in future mob...

Automobiles Hankook Tire to supply tires to Mercedes-AMG for first time

Hankook Tire & Technology Co. said on Wednesday that it will supply its tires for Mercedes' high-performance brand AMG's sports car, the GT Coup...

Future mobility Hyundai gives advanced air mobility demo in Indonesia

Hyundai Motor Group on Monday unveiled its advanced air mobility (AAM) technology and demonstrated an AAM prototype aircraft, or a flying car, in In...

Automobiles Hyundai Motor car sales hit record in India for 1st half

Hyundai Motor Co. delivered its record-high number of cars in India during the first six months of this year but lost share in the fiercely competit...

Hydrogen economy Hyundai Motor eyes hydrogen value chain leadership

Hyundai Motor Group will expand its cooperation with global companies to boost its presence in the hydrogen value chain from production to distribut...

Hydrogen economy Hyundai to debut car-carrier hydrogen trucks in H2

Hyundai Motor Co. plans to roll out car carrier trailers and refrigerator trucks powered by hydrogen in the second half of this year with a focus on...

Electric vehicles Hyundai to launch EV model of Staria minivan in 2026

South Korea’s top automaker, Hyundai Motor Co., is slated to launch an electric vehicle model of its Staria van in 2026 to respond to the inte...

Automobiles Kia to bring 1st hybrid variant of subcompact SUV Sonet to Japan, China

Kia Corp., South Korea’s second-largest automaker, plans to aggressively expand its hybrid vehicle lineup to subcompact SUVs amid slower-than-...

Automobiles Renault to invest $523 mn to build green car hub in Korea

Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...

Automobiles BMW EV sales roar in Korea on strong lineup of new models

BMW, already one of the top two best-selling imported car sellers in South Korea, has beaten the world’s No. 1 EV seller Tesla Inc. in the cou...

Aerospace & Defense Kia rides defense sector boom with military vehicles

Kia Corp., South Korea’s second-largest automaker, has unveiled its next-generation military vehicle technologies at the largest defense exhib...

Electric vehicles Hyundai, BAIC join hands to develop China-only EV brand

BEIJING – Hyundai Motor Co. has joined hands with Beijing Motor Corp. (BAIC) to debut a new electric vehicle brand specifically tailored to Ch...

Automobiles Hyundai Motor Group holds firm as world’s No. 3 carmaker

South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...

Automobiles BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea

BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...

Automobiles Hyundai Motor to offer China-made Sonata taxis in S.Korea

Hyundai Motor Co. will import Sonata taxis manufactured in China to South Korea in response to strong demand from local taxi drivers less than five ...

Electric vehicles Carmakers to expand affordable EV, hybrid lineups in Korea

Carmakers in South Korea are slated to unveil new electric vehicle models at cheaper prices next year to revive the sputtering EV market and also ro...

Automobiles Hyundai, Kia support Korean exports hit by weak chip sales

Two affiliates of Hyundai Motor Group, the world’s third-largest automaker by sales, ranked as the top South Korean exporters in the one-year ...

Carbon neutrality Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral

South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...