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BYD vehicles are displayed at the BYD Experience Centre in Darlinghurst, Sydney, Australia on Feb. 19, 2024.

Chinese-built vehicles overtake German imports for first time in Korea as EV share doubles

Green models made up 57.8 percent of Korea’s new vehicle registrations in the first half of the year, while imported vehicles accounted for 22.7 percent of all newly registered vehicles.

2026.8.5

Burned vehicles are seen at the scene after a fire broke out in Incheon on Aug. 2.

EV fire destroys two cars, damages seven others in Incheon

Authorities suspect that the fire began in the EV's battery and are investigating the exact cause and extent of the damage.

2026.8.3

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Hyundai Motor Group Executive Chair Euisun Chung, center, inspects the automaker's factory in Sao Paulo in Brazil on July 27.

Hyundai targets growth in Brazil with localized vehicles and hydrogen

The automaker plans to ramp up productivity in the South American country with flexible-fuel hybrid manufacturing and hydrogen projects as Chinese rivals gain ground.

2026.7.30

Hyundai, Kia face profitability dilemma as high EV sales squeeze margins

Record revenue at Hyundai Motor and Kia was overshadowed by falling margins as fast-growing EV sales in Korea and Europe shifted the product mix toward less profitable models.

2026.7.29

BYD Korea unveils the BYD Sealion 6 DM-i plug-in hybrid model for the first time in Korea during the 2026 Busan Mobility Show in Haeundae District, Busan, on June 26.

BYD beats Volvo and Lexus — How it cracked Korean consumers' anti-China sentiment

Aggressive pricing, improving quality and strong demand from core middle-aged buyers are reshaping Korea’s import car market and pressuring established rivals.

2026.7.28

A Hyundai Motor's sales branch in downtown Seoul on July 23.

Hyundai Motor's second quarter record revenue masks weakening profitability

The automaker posted its highest-ever revenue for the April-to-June period on strong hybrid demand and favorable exchange rates, but falling margins underscored mounting pressure.

2026.7.23

Oscar Bertilsson Olsborg, left, head of 90-series and commercial operations at Volvo Cars, and Lee Yun-mo, CEO of Volvo Car Korea, pose with the latest ES90 in a media event in central Seoul on July 22.

Selling at a loss: Volvo launches ES90 in Korea at the world's lowest price

Volvo priced its new ES90 electric sedan lower in Korea than in any other major market, accepting losses to counter BYD and revive its premium EV push.

2026.7.22

Samsung SDI's UPS batteries pass global fire-blocking test

Samsung SDI said its UPS batteries for AI data centers passed a UL Solutions fire-blocking test, containing flames to a single module without spreading, explosion or gas venting.

2026.7.14

An EV participates in vehicle-to-grid (V2G) program on Jeju Island in an undated photo.

Environmentally friendly cars account for half of new registrations in first half of year

Registrations of environmentally friendly vehicle totaled 429,163 units, accounting for 50.4 percent of the 851,833 newly registered vehicles.

2026.7.12

Hyundai EVs transform into power grid, supply electricity to homes

Hyundai Motor Group will begin a retail vehicle-to-grid trial on Jeju, testing how Ioniq 9 and EV9 batteries can support homes and grid stability.

2026.7.8