Hyundai’s Net Profit Soars 23%

July 22, 2019 at 2:35 AM

A richer mix of SUVs gave Hyundai Motor Co. hefty second-quarter gains in revenue and operating profit—and its sharpest jump in net profit in more than seven years.

Prototype EVs Driving from China to Germany

July 22, 2019 at 1:36 AM

Two prototype electric SUVs made by Chinese carmaker Aiways have begun a 14,200-km (8,800-mile) test drive from Xian, China, to Frankfurt, Germany.

Korea Will License Ride-Share Services, Drivers

July 19, 2019 at 5:28 PM

The South Korean government plans to require that ride-share services obtain taxi licenses, and their drivers hold a taxi driver license.

Toyota, BYD to Co-Develop EVs for China

July 19, 2019 at 9:42 AM

Toyota Motor Corp. and BYD Co. have agreed to co-develop all-electric cars and SUVs that will be marketed under Toyota’s name in China.

BMW, Tencent Partner on Self-Driving Cars for China

July 19, 2019 at 1:52 AM

BMW AG and Tencent Holdings Ltd. are collaborating on autonomous-vehicle technology for the Chinese market.

Ghosn Sues Nissan, Mitsubishi for €17 Million

July 18, 2019 at 2:34 PM

Carlos Ghosn, the former chairman of Nissan and Mitsubishi Motors, has sued both companies for canceling his contract as head of the Dutch company that manages their joint operations.

Lotus Outlines Production Plans

July 18, 2019 at 1:24 PM

Group Lotus plc ponders major increases in production, including mass-market vehicles built in China.

Japan-U.S. Trade Pact Near?

July 18, 2019 at 2:03 AM

Envoys from Japan and the U.S. hope to deliver a narrowly defined trade deal by September covering U.S. agricultural goods and Japanese car parts, sources tell Reuters.

Car Sales Climb for Malaysian Brands

July 17, 2019 at 2:51 PM

Malaysia’s biggest domestic carmaker is raising its full-year sales forecast after posting a 4% gain in the first half of 2019.

Renault Launches EV Venture in China

July 17, 2019 at 1:10 PM

Renault SA is investing in its 50:50 venture with Jiangling Motors Corp. to develop and build electric vehicles in China.

China Surpasses 1 Million EV Charging Points

July 17, 2019 at 1:26 AM

China has to date installed more than 1 million charging points for electric vehicles, China Daily reports.

Exports of "Green" Korean Cars Jumps Fivefold

July 16, 2019 at 4:43 PM

South Korea’s exports of electrified cars jumped from 35,000 units in 2012 to 196,000 last year, says the Korean Automobile Manufacturer Assn.