
GM Korea Company is investing $2.8 billion to design and manufacture new SUV and CUV vehicles for Korea and export markets.
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Hyundai unveiled its Nexo next-generation hydrogen fuel cell vehicle with higher-level autonomy that should deliver a range of 609 kilometers (378 miles) and will initially be sold in South Korea, the company announced.
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General Motors will close one of its four South Korea factories by the end of May as part of a restructuring of its operations in the country to make its business more profitable.
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The G70 offers three powertrains – a 3.3-liter V-6 gasoline turbo, 2.0-liter inline-four gasoline turbo, and a 2.2-liter inline-four diesel. The G70 Sport is equipped with the Lambda II 3.3-liter V-6 turbo GDI.
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Hyundai Motor will offer a new hydrogen fuel cell utility vehicle that's part of the company's goal of increasing the number of its green vehicle models in the next five years.
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Hyundai Motor Company held its annual Global VIP Customers Convention in the Republic of Korea on April 3 to 7. There were 90 attendees from 20 different countries representing every continent. This year’s Global VIP Customers Convention coincided with the 50th anniversary of the founding of Hyundai Motor, which in five decades has become the fifth largest auto company in the world. Photos courtesy of Mike Antich.
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The corporate fleet sector in South Korea accounts for 18-20% of total auto sales, with most sales going to local brands. However, GM Korea is growing its fleet presence, with commercial sales now representing 9% of total sales.
Read More →The South Korean Ministry of Land Transportation announced plans to build 200 multipurpose stations to charge vehicles powered by fuel cells, batteries, and liquefied petroleum gas (LPG) by 2025.
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Hyundai is developing a successor to its Tucson Fuel Cell compact SUV that should cost less and significantly boost range.
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The Hyundai IONIQ will be offered with electric, hybrid, or plug-in hybrid options within a single body type.
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