Tag: South Korea

Renault Unveils Filante Luxury SUV for Global Markets, Except UK
News, SUV & Crossovers

Renault Unveils Filante Luxury SUV for Global Markets, Except UK

Renault will unveil its new flagship model, the Filante luxury SUV on January 13th. Designed to compete with high-end cars from brands like Genesis and BMW in South Korea, it won't be available in France or other European markets.Key TakeawaysRenault's new Filante luxury SUV will launch on January 13th with a focus on the South Korean marketThe vehicle won't be available in France or other European markets, despite being part of Renault’s 'International Game Plan'It features high-end materials and technology, but no electric options are planned for now.Renault's Filante SUV will make its debut on January 13th as the brand pushes to compete in South Korea with a luxury model that rivals Genesis, BMW, and Mercedes-Benz. The new vehicle is part of Renault’s 'International Game Plan,' which ai...
Hyundai Won’t Buy Back Russian Plant Amid Ongoing War
News

Hyundai Won’t Buy Back Russian Plant Amid Ongoing War

South Korean automaker Hyundai has put the brakes on its plan to repurchase a former production facility in St Petersburg, Russia. The company can’t move forward with buying back the plant if the war in Ukraine continues.Key TakeawaysThe contractual option for Hyundai to buy back the asset expires in January 2026 and won't be extended due to ongoing conflict.Halted production at the St Petersburg plant since March 2022 after Moscow's invasion of Ukraine disrupted supply chains.Hyundai recorded a Won287bn impairment charge from disposing of the facility in 2024, which is equivalent to selling off an entire fleet of older Hyundai Elantras.The St Petersburg plant was one of Russia's largest car factories owned by foreign companies before operations were suspended. The factory had a capacity o...
Zeekr Enters South Korea with Dealer Deals and Zeekr 7X SUV
EV & Electric Cars, Industry & Business, News

Zeekr Enters South Korea with Dealer Deals and Zeekr 7X SUV

Chinese electric vehicle maker Zeekr is set to enter the competitive South Korean market, signing dealer agreements that will see its first showroom open in Seoul by early next year. The company’s entry marks another milestone for Chinese EV brands expanding their global footprint.Key TakeawaysZeekr signs deals with four South Korean dealers to launch showrooms across the country, starting in Seoul by Q1 2026.The Zeekr 7X SUV will be its first model available in South Korea, competing against established models like the Hyundai IONIQ 5 and Kia EV6.Zeekr appointed a former Audi Korea executive to lead operations as it prepares for market entry through an extensive network of luxury vehicle dealerships.The Zeekr brand is making waves with its latest move into South Korea, following in the fo...
Tesla Cybertruck Makes Splash in South Korea with First Deliveries
EV & Electric Cars, News, Pickup Trucks

Tesla Cybertruck Makes Splash in South Korea with First Deliveries

Tesla's futuristic Cybertruck made its grand entrance into the Korean market on November 27, 2025, when Tesla Korea handed over the first batch of 30 units to eager owners at a ceremonial event in Seoul. The Cultural Reserve Base was transformed into an electric vehicle (EV) showcase with interactive demos and a light show featuring all Tesla models.Key TakeawaysTesla Korea delivered the first 30 Cybertrucks to owners in Seoul on November 27, 2025.The event included hands-on activities such as durability tests and a light show with all Tesla models.FSD Supervised is set to roll out to Cybertruck by the end of 2025.Owners were treated to a variety of activities, including hammer-strike durability tests that demonstrated the truck's resilience. They also had the chance to purchase accessorie...
Hyundai to Launch Future Mobility Battery Campus in South Korea by 2026
Industry & Business, News

Hyundai to Launch Future Mobility Battery Campus in South Korea by 2026

South Korean automotive giant Hyundai Group celebrated the topping-out ceremony for its new Future Mobility Battery Campus in Anseong, scheduled for completion at the end of 2026. The facility will serve as a comprehensive research and development hub dedicated to battery technology.Key TakeawaysThe campus is set to open by late 2026 in Anseong, South Korea.Highest investment of 1.2 trillion won ($700 million) into battery R&D infrastructure.Covering nearly 20 hectares with a total floor area of 111,000 square meters.The groundbreaking ceremony for the campus took place in January 2025. The Hyundai Group is investing approximately 700 million euros into this project to establish an advanced battery research and development infrastructure. This new facility will be the first of its kind...