Imported vehicle registrations in Korea have surged 38-fold over the past three decades, driven by diversifying consumer tastes, an industry association said Thursday.
Xiaomi's CEO Lei Jun said on Monday that the firm plans to hold an official launch event for its new YU7 electric sports utility vehicle on Thursday, where it is expected to announce pricing and start taking orders.
Hyundai Motor said Thursday it will supply hydrogen-powered waste collection vehicles to Busan as part of the municipality's aim to convert its waste collection fleet to clean energy.
Korean drivers will be able to register newly purchased vehicles starting June 9 using smartphones and tablets — a process that has previously required either an in-person visit or access to a personal computer.
Korea's hydrogen fuel cell EV sector is facing a sharp downturn this year, with both domestic sales and exports falling significantly amid a lack of demand, industry data showed Wednesday.
Hyundai Motor's Ioniq series has sold over 500,000 units globally, the group said Sunday, reaching a milestone for the first time since its launch of the Ioniq 5 four years ago.
North Korean people have reportedly been allowed to privately own their cars for the first time, marking a notable shift in policy, although experts say it is unlikely to have an impact in a society where travel and relocation remain very restricted.
Concerns are growing that the recent slowdown in electric vehicle (EV) sales in Korea may signal a longer-term slump rather than a temporary lull — known as the "chasm" effect — despite the release of new models and price discounts by manufacturers.
The Shanghai Auto Show features more than 100 models, highlighting fierce EV competition in the world's premier market for electric vehicles and hybrids.
A Korean consortium led by LG has decided to withdraw from a project worth around 11 trillion won ($7.7 billion) to establish an EV battery supply chain in Indonesia.
Korea JoongAng Daily Sitemap
