As sales of diesel cars is sluggish due to the recent Volkswagen's emission-cheating scandal, hybrid cars are emerging based on Japanese vehicles.According to the data about imported car registrations from the Korea Automobile Importers & Distributors Association (KAIDA) on May 22, 3,774 hybrid cars
The Korea Automotive Research Institute announced on March 8 that the Hyundai Motor Group ranked fourth in global green car sales last year by making use of the popularity of Sonata Hybrid and Soul EV.Last year, the group sold 64,383 hybrid cars, 8,651 electric vehicles, 306 plug-in hybrid cars and
It has been found that the number of imported electric and hybrid electric vehicles sold in the Korean market last year exceeded 10,000 for the first time in history.The Korea Automobile Importers & Distributors Association announced on January 24 that the specific number increased from 7,922 to 10,
Toyota is planning to unveil its fourth-generation Prius in Korea in March and release it before the end of the first half of this year.Under the circumstances, the rivalry between the model and the Ioniq of Hyundai Motor is attracting the attention of many consumers. Toyota Korea said that it regar
The Korea Electrotechnology Research Institute (KERI) announced on Dec. 14 that it developed a silicon carbide power semiconductor device and signed a technology transfer contract with power semiconductor manufacturer Maple Semiconductor.A silicon carbide power semiconductor device’s voltage enduran
Hyundai Motor, the nation’s largest auto maker, will start mass producing LF Sonata Hybrid models in its Beijing plant from January next year. Although the company is exporting and selling hybrid electric vehicles (HEVs) in the markets of China, the U.S., the Middle East and South America, it is the
As the public interest in eco-friendly vehicles has grown in the wake of Volkswagen’s diesel emissions and fuel economy cheating scandal, Hyundai Motor Co., South Korea’s top automaker, and Kia Motors Corp., its smaller affiliate, plan to launch subcompact hybrid electric vehicles (EV) next year to
As Volkswagen’s emissions scandal, dubbed “Dieselgate,” hit the global auto market, Japanese automakers are targeting the hybrid electric vehicle (HEV) market with discount events in troubled waters.With the Volkswagen scandal deflating its clean diesel image and credibility, Japanese car manufactur
According to industry sources, Toyota postponed the production of its new eco-friendly vehicle after hearing that Hyundai Motor Company’s hybrid-only vehicle, that has the project name of AE, provides a very high level of fuel efficiency. Hyundai, on its part, has put off the release of the AE until
Industry sources said that if sales continue at the current pace in the second half of the year, annual hybrid car sales will easily surpass the record hit in 2012 when 31,236 hybrid cars were sold. They also said that this year’s annual sales would reach the highest ever, at 33,000 to 34,000 units.
An increasing number of foreign automakers in Korea are coming up with installment plans to increase their market shares by means of aggressive marketing campaigns such as interest-free installments, with more and more consumers looking to get imported cars.Infiniti is one of those providing interes
Hyundai Motor Company and Kia Motors are planning to release a variety of hydrogen fuel cells and electric vehicles over the next five years. Next year, Hyundai’s first EV sedan makes its debut, to follow Kia’s mini and compact EVs already released under the name of Ray EV and Soul EV. In addition,
The number of beneficiaries of government subsidies for purchasing hybrid cars will be cut from 40,000 to 32,500 next year.The Environment and Labor Committee of the National Assembly recently held a meeting and decided to reduce the subsidies for 2015 by 7.5 billion won (US$6.7 million) to 32.892 b
The Hyundai Motor Group announced on Nov. 12 that it would increase the number of its eco-friendly vehicle models from seven to at least 22 between this year and 2020.“It is expected that hybrid cars will account for more than 60 percent of the eco-friendly car market by 2020,” it said, adding, “We
Many plug-in hybrid electric vehicles (PHEVs) that have become the mainstream of environmentally-friendly vehicles will be introduced in Korea next year. As PHEVs capable of guaranteeing around 50km per liter will appear in the Korean market, there will be a strong fever for environmentally-friendly
Competition among leading global IT companies such as Samsung Electronics, Google, and Apple is heating up in the smart car market.According to market research firm Strategy Analytics, the market is estimated to reach approximately US$274 billion in size by 2017, and the ratio of electronic componen
On March 14 (local time), US-based Consumer Reports reported the Santa Fe as the mid-sized SUV with the lowest maintenance costs for the first 5 years after purchase.According to the report, Santa Fe’s total five year maintenance cost was some 39 million won (US$36,425), whereas the car with the hig
SEOUL, Feb. 24 (Yonhap) – Hyundai Motor Co., South Korea’s No. 1 carmaker, may have to pay approximately 100 billion won (US$92.8 million) to consumers in its home market for exaggerating the fuel efficiency of its diesel-powered Santa Fe sport utility vehicle (SUV), the government said Monday.Accor
Hyundai Kia Motors last year sold 35,680 automobiles in the US, while in the domestic market its sales dropped. Domestic hybrid cars, which struggled in the domestic market last year, have sold relatively well in the US, registering a sales increase. Hyundai Kia Motors last year sold 35,680 automobi
Japanese automobiles accounted for 35% of the Korean import car market in 2008, but have lost more than half of their market share over the last five years. In the mid-2000s, vehicles made in Japan represented the vast majority of the top 10 best-selling foreign cars in Korea. In particular, Lexus r