Hyundai to launch 42 new cars to cope with Trump tariffs, EV slowdown – The Korea Economic Daily Global Edition
South Korea’s car exports to the U.S. stood at $34.7 billion in 2024. Photo: Chung Sung-Jun/Getty Images South Korea’s government has announced emergency-support measures for the country’s auto sector, as it rushed to ease the impact of U.S. President Trump’s tariffs.The
The Kia EV9 on display at Incheon International Airport South Korea’s second-largest automaker Kia Corp. on Friday posted its highest-ever annual sales, operating profit and profit margins in 2024, driven by brisk sales of pricey SUVs and hybrid models.With its 11.8% annual profit margin,
Hyundai's Genesis GV80 Coupe South Korea’s top automaker Hyundai Motor Co. on Thursday posted its largest-ever sales for a second consecutive year, driven by robust sales of pricey cars under the Genesis brand, sport utility vehicles and eco-friendly cars.The flagship unit of Hyundai Moto
Kia's 2024 CEO Investor Day in April 2024 (Courtesy of Kia) Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next year to regain ground in Europe against its Chinese peers, which face up to 45% co
The Tucson Hybrid (Courtesy of Hyundai Motor) Hyundai Motor Co., South Korea’s top automaker, plans to ramp up Korean production of the hybrid version of its Tucson sport utility vehicle for exports to meet growing demand worldwide, especially in the US, the world’s second-largest a
The rear of the Genesis Neolun Concept unveiled in March The Genesis, Hyundai Motor Co.'s standalone premium brand, will launch its first full-size electric sport utility vehicle, the GV90, late next year to gain further ground in the large luxury EV market.The luxury brand unit of South K
The Kia EV5, its first China-made all-electric SUV Kia Corp., South Korea’s second-largest automaker, plans to enhance its presence in emerging markets with the EV5 compact SUV, the company’s first China-made all-electric vehicle.According to industry sources on Wednesday, Kia has b
