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Thu, March 4, 2021 | 08:22
Renault Samsung promotes XM3 amid SUV boom
Renault Samsung promotes XM3 amid SUV boom
As car camping has become a fad amid COVID-19, carmakers are engaging in fierce competition to capture the demand for compact SUVs.
2020-12-10 16:23
Genesis unveils GV70 SUV to vie with BMW X3, MB GLC
Genesis unveils GV70 SUV to vie with BMW X3, MB GLC
Hyundai Motor Group's luxury brand Genesis has unveiled its first midsize SUV, the GV70, Tuesday, in the brand's effort to compete with strong compact SUV players such as the BMW X3 and the Mercedes-Benz GLC.
2020-12-08 16:21
Uber, hard-hit by pandemic, sells its robot-vehicle division
Uber, hard-hit by pandemic, sells its robot-vehicle division
Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic.
2020-12-08 15:43
Hyundai Motor Group unveils E-GMP electric car platform
Hyundai Motor Group unveils E-GMP electric car platform
Hyundai Motor Group has played an ace in a bid to catch up to major electric vehicle (EV) players such as Tesla, unveiling its Electric-Global Modular Platform (E-GMP) for EVs, Wednesday.
2020-12-02 16:11
Tesla CEO says electric cars will double global electricity demand
Tesla CEO says electric cars will double global electricity demand
Tesla Chief Executive Elon Musk said on Tuesday that electricity consumption will double if the world's car fleets are electrified, increasing the need to expand nuclear, solar, geothermal and wind energy generating sources. Increasing the availability of sustainable energy is a major challenge as cars move from combustion engines to battery-driven electric motors, a shift wh...
2020-12-02 11:02
LG Energy Solution sets sail to target growing EV market
LG Energy Solution sets sail to target growing EV market
LG Chem Ltd.'s battery business officially launched its standalone company Tuesday to take a bigger chunk of the growing battery market, but a bumpy road lies ahead to stay on top of the highly competitive industry. Kim Jong-hyun, who served as president of LG Chem's battery unit, takes the helm of LG Energy Solution Ltd., setting a goal of raising over 30 trillion won (US$27...
2020-12-01 13:48
Hyundai, Kia set to ride on recovering car demand
Hyundai, Kia set to ride on recovering car demand
Hyundai Motor and Kia Motors are expected to see an increase in car sales according to industry analysts, Monday, who claim that poor demand due to the impact from the COVID-19 pandemic this year will be soon mitigated. The two representative brands will also be able to enjoy an improved average selling price for their models as their strategy to concentrate on selling more e...
2020-11-30 16:05
Kumho Tire makes rebound in third quarter
Kumho Tire makes rebound in third quarter
Kumho Tire successfully rebounded to make a profit in the third quarter this year thanks to the increase in demand for replacement equipment (RE) tires in global markets including the United States and China. According to the tiremaker, its operating profit was recorded at 43.9 billion won, skyrocketing by 176.1 percent year-on-year.
2020-11-29 16:48
BMW Korea sees surge in sales
BMW Korea sees surge in sales
BMW Korea has seen a continuous surge in sales. According to the Korea Automobile Importers & Distributors Association's (KAIDA) newly registered vehicle report, BMW sold 47,093 units between January and October, which is a 37 percent increase on the same period last year.
2020-11-27 13:32
Porsche Taycan lands in Korea
Porsche Taycan lands in Korea
Porsche Korea CEO Holger Gerrmann poses with the Taycan 4S electric vehicle in this photo released on Thursday. Porsche Korea launched two versions of the electric sports car in the domestic market ― Performance Battery generating up to 530 horsepower and Performance Battery Plus yielding up to 571 horsepower. The price begins from 145.6 million won. Courtesy of Porsche Korea
2020-11-26 16:17
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