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S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL

Highlights –

  • S. Korea’s automobile exports rose to 53% in April.
  • In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
  • Hyundai Motor Co. saw its exports jump 40.3 percent in April.
  • SsangY...

HYUNDAI, KIA ESTIMATES COMBINED Q1 NET PROFIT TO RISE

Highlights –

  • Hyundai, KIA estimates combined Q1 net profit to rise.
  • The two carmakers estimate solid earnings over robust sales of SUV and high-end models.
  • Hyundai expects a net profit of US$1.18 billion in the first quarter.
    • <...

KIA CORP. LAUNCHES NEW K8 SEDAN IN SOUTH KOREA

Highlights –

  • Kia Corp. launches new K8 sedan in South Korea.
  • The car company also showed its new brand logo.
  • The new K8 sedan is said to be equipped with advanced safety features.
  • The company is said to have received 24,000...

HYUNDAI TO ESTABLISH HIGH-SPEED CHARGING EV CHARGING STATIONS

Highlights –

  • Hyundai to establish high-speed charging EV charging stations.
  • The charging infrastructure will be under the name of “E-pit”.
  • The charging stations will be able to charge 80% of their EV battery capacity in 18...

S. KOREAN COLLECTIVE CARMAKER’S SALES ON SUVs ROSE 4.8 PERCENT IN JANUARY 2021

Highlights –

  • S. Korean collective carmaker’s sales on SUVs rose 4.8 percent in January 2021.
  • The data is by Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp., and SsangYong Motor Co.
  • Domestic sales of the ...

HYUNDAI AND KIA EXPECT TO POST DOUBLE-DIGIT GROWTH IN Q4 OPERATING PROFIT

Highlights –

  • Hyundai and Kia expect to post double-digit growth in Q4 operating profit.
  • Hyundai is likely to post an operating profit of 1.71 trillion won in Q4.
  • Kia is reportedly expected to post 4.4 percent to 16.82 trillion won.

KIA CORP. BY 2027 PLANS TO LAUNCH NEW 7 ELECTRIC VEHICLE PLATFORMS

Highlights –

  • Kia Corp. by 2027 to launch electric vehicle platforms.
  • The new EV platform is called the electric-global modular platform (E-GMP) and will be released in the first quarter.
  • The company plans to boost its EV lineup with 1...