Despite tariffs, Hyundai Motor to freeze all vehicle prices in US through early June

Hyundai Motor Co. will freeze prices of all new vehicles sold in the United States through early June, a move aimed at easing consumer concerns over rising costs following Washington's imposing of 25 percent duties on all imported vehicles, the automaker's American subsidiary said. Hyundai Motor America (HMA) said in a press release Friday (US time) that any new Hyundai vehicle purchased until June 2 will be protected from Manufacturer's Suggested Retail Price (MSRP) increases regardless of chan

April 5, 2025

Mercedes-Benz AMG GT 2-door coupe makes Korean debut

Mercedes-Benz unveiled full-change models of its AMG GT 2-door coupe for the first time in Korea at the 2025 Seoul Mobility Show in Goyang, Gyeonggi Province, on Thursday. At the exhibition's press day event, the company introduced two models from the sports car lineup -- the AMG GT 55 4Matic+, powered by a gasoline engine, and the AMG GT 63 S E Performance, a high-performance hybrid. “The new Mercedes-AMG GT embodies what AMG stands for like no other vehicle, perfectly blending motorsport DNA,

April 3, 2025

BMW unveils four new models in Korea

BMW Group Korea showcased four new models set to launch in the country at the 2025 Seoul Mobility Show, Korea’s largest automotive industry event, on Thursday. The company presented two BMW electric vehicles — face-lifted models of the i4 M50 xDrive Gran Coupe and iX M70 xDrive sport utility vehicle — alongside two new Mini models, the all-new Mini John Cooper Works Electric and the new Mini Cooper Convertible, from its Mini brand. The unveiling took place at the press day event of its booth in

April 3, 2025

Hyundai Motor premieres all-new Nexo

Despite Trump’s auto tariffs, Hyundai, Kia CEOs say no immediate price hikes in US Hyundai Motor debuted the all-new Nexo, the automaker’s second-generation fuel cell electric mid-sized sport utility vehicle, at the Seoul Mobility Show 2025 at Kintex in Goyang, Gyeonggi Province, on Thursday, reaffirming its continued push to advance hydrogen mobility. Hyundai Motor Company CEO Jose Munoz emphasized that the automaker is looking at the hydrogen mobility sector not for the short term but for the

April 3, 2025

HD Hyundai debuts next-gen excavators

Korean construction equipment manufacturer sets eyes on W70tr globally accumulated revenue by 2030 HD Hyundai unveiled its next-generation excavators for the first time Thursday at the Seoul Mobility Show 2025 at Kintex in Goyang, Gyeonggi Province, as the Korean construction equipment maker looks to expand its presence in the global market. The premiered models were the HX400, HD Hyundai Construction Equipment’s 40-metric-ton class excavator and the DX240, HD Hyundai Infracore’s 24-ton class ex

April 3, 2025

Hanwha, General Atomics partner to tap W15tr uncrewed aircraft market

Hanwha Aerospace has partnered with General Atomics Aeronautical Systems, a US-based uncrewed aircraft company, to enter the global autonomous aircraft sector and co-develop short take-off and landing (STOL) aircraft, the Korean defense firm said Wednesday. Under the partnership agreement, the two sides will collaborate throughout the Gray Eagle-STOL joint project, including on design, development, production, operation and sales of the unmanned aircraft system, or UAS. The Korean and US compani

April 2, 2025

GM Korea CEO dismisses exit rumors amid looming US tariffs

Over 85% of Korean production ships to US, putting cost competitiveness at risk GM Korea CEO Hector Villarreal has dismissed concerns over the company’s potential withdrawal from South Korea, just three days before US President Donald Trump’s 25 percent automotive tariffs on imported vehicles and parts are set to take effect. According to GM Korea on Wednesday, Villarreal held a 20-minute online meeting with office staff on Monday — his first public remarks addressing speculation about the compa

April 2, 2025

KG Mobility deepens China ties with Chery partnership

KG Mobility, a Korean maker of sport utility vehicles, announced Wednesday that it has signed a partnership with China’s Chery Automobile to jointly develop a large SUV and next-generation automotive technologies, deepening its ties to China’s growing mobility industry. The signing ceremony took place Tuesday at Chery’s headquarters in Wuhu, China, and was attended by KG Mobility Chair Kwak Jae-sun and CEO Hwang Ki-young, along with Chery Chair Yin Tongyue and President Zhang Guibing, the compan

April 2, 2025

[Photo News] Game-inspired Hyundai Insteroid

Hyundai Motor has unveiled the Insteroid, a concept car with an innovative design based on the automaker's small sport utility vehicle, the Casper, which is sold under the name of the Inster in overseas markets. Born from the combination of "Inster" and "steroid," Hyundai Motor explained that the new concept car has been created with video game-motivated features such as a wider body, wing spoiler and racing game-inspired cockpit. (Hyundai Motor Group)

April 1, 2025

Lotte to debut at Seoul Mobility Show

Lotte Group announced Tuesday that it will participate in the 2025 Seoul Mobility Show for the first time, showcasing its eco-friendly energy and mobility technologies at Kintex in Goyang, Gyeonggi Province, from April 4 to 13. Lotte’s exhibition, themed “L.Mobility Panorama,” will showcase its future mobility value chain across three key zones: mobility technology, autonomous driving and hydrogen value chain. Lotte Innovate, an affiliate of the group, will also operate a self-driving shuttle bu

April 1, 2025

Hyundai signals price hike in US ahead of import tariffs

Hyundai Motor Company has hinted at a possible hike in vehicle prices in the US in response to the upcoming 25 percent tariffs on imported vehicles and auto parts introduced by President Donald Trump, Reuters reported Monday. Hyundai and Genesis Motor North America CEO Randy Parker recently sent a note to local dealers stating, “Current vehicle pricing is not guaranteed and may be subject to change for units wholesaled after Apr. 2.” “Tariffs are not easy,” Parker told dealers, indicating that t

April 1, 2025

BYD to showcase 8 cars at Seoul Mobility Show 2025

BYD will display eight cars at the upcoming Seoul Mobility Show 2025, held for 10 days at Kintex in Gyeonggi Province starting Thursday, the Korean office of the Chinese electric vehicle giant said Tuesday. According to BYD Korea, the automaker will showcase the Atto 3, a small electric sport utility vehicle launched in the country earlier this year. Ordered vehicles have yet to be delivered to customers due to a stalling government review of subsidy qualification. The Chinese EV maker said it w

April 1, 2025

LG Energy Solution secures Korea’s 1st subsidy for electric bike batteries

LG Energy Solution said Monday that it has become the first company to be eligible for the Korean government’s subsidy program for battery swapping stations, or BSS, as the company looks to lead the growth of the electric bike market. According to LG Energy Solution, it has received the state certification for its BSS and swappable battery packs for electric bicycles. The company said it expects to benefit from the subsidies that the Korean government has been pushing to increase the penetration

March 31, 2025

Samsung SDI fast-tracks 46-series cylindrical battery production, signs US deal

Samsung SDI has become the first Korean company to mass-produce advanced 46-series cylindrical batteries, marked by a supply agreement with a US-based micro-mobility manufacturer. According to the company on Monday, the battery cells — measuring 46 millimeters in diameter and 95 millimeters in height — are produced at the "mother line," or primary production line, of the company’s Cheonan plant in South Chungcheong Province and assembled into modules at its Vietnam subsidiary. While the specific

March 31, 2025

Hyundai Motor hunts for global tech talent

Internship, employment opportunities open for foreign national students Hyundai Motor Company will begin the recruitment of global professionals starting Tuesday as it looks to bolster its pool of international experts, the Korean automaker said Monday. According to Hyundai Motor, the recruitment categories are divided into three: internships for foreign students studying in Korea, internships for those with bachelor’s or master’s degrees from an overseas university, and employment of Ph.D. stud

March 31, 2025