Electric Vehicles

https://korean-machinery.com///inquiryBeijing Motors Korea was established in 2016 as the South Korean Branch of Beijing Automotive Group Co., Ltd., acquiring exclusive rights for distributing its electric vehicles in Korea.
Beijing Motors Korea has plans to produce Korean-made EVs with its own technology within three to four years by establishing its own manufacturing factories in South Korea.
In the preliminary stages, Beijing Motors Korea is currently involved in various activities that are expected to help its business positioning from current importer into net exporter in global markets.
In 2019, Beijing Motors Korea has a plan to first release electric low floor buses in the nation’s medium-sized bus market, and then it will introduce the electric passenger car EU5 and the highperformance electric car SUV EX5. Those cars have the world’s highest level performance, showing mileage of over 500 kilometers with only a single charging.
Beijing Motors Korea was determined to expand the supply of commercial trucks which are in relatively short supply in South Korea, targeting independent businessmen and company customers. With comparatively lower maintenance costs than internal combustion engines, they are expected to be popular among customers.
Beijing Automotive Group’s electric trucks features high competitiveness in price compared to those of EVs in the nation, with a little gap in quality. Beijing Motors Korea will target the medium- and small-sized truck market. These electric trucks deliver superior stability and performance. These trucks are expected to be impressive electric trucks popular among the nation’s buyers, especially the growing number of small businesses affected by the economic slowdown.
In fact, as of 2016, there were 140,000 units of these trucks sold. They are suitable for short-distance driving, and they can be developed into more optimized and functional types. Beijing Motors Korea plans to supply optimized trucks depending on each purpose in use.
Beijing Motors Korea had the electric bus FOTON AUV to be first sold in Gangneung City among the brands of Beijing Automotive Group, which made a trial run during the PyeongChang Olympics. Persistent efforts are now being made to advance into the South Korean market.
Beijing Automotive Group is a company that established Beijing Hyundai in China in collaboration with Hyundai Motors.

korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods

Production and Exports of Car

https://korean-machinery.com///inquiry

Increased by 8.1% and 2.1%, respectively in August, compared with the same period of the previous year

 

Production, export and domestic sales of South Korea’s finished vehicles all increased, together with export of auto parts.
According to ‘On Domestic Auto Industry of August’ issued by the Ministry of Trade, Industry and Energy, production, export and domestic sales of the finished vehicles increased by 8.1%, 2.1% and 5.0% respectively compared with the same period of the previous year, and export of car parts also increased by 0.5%.
Major finished vehicle companies produced 296,471 vehicles, increased by 8.1% compared with the same period of the previous year, due to early pay settlement, recovery of domestic sales and export, etc.
In addition, exports recorded 174,869 vehicles, increased by 2.1% compared with the same period of the previous year, due to full-scale export expansion of new sports utility vehicles (SUVs) and increase of exports to the Middle East and the European region. In terms of the amount, exports recorded US$28.5 billion, an increased of 0.5%.


Domestic sales of vehicles turned up to be 146,086 units, increased by 5.0% compared with the same period of the previous year, due to implementation of the individual consumption tax reduction to passenger cars and new SUVs (Carnival and Santa Fe). Related to this, sales of domestic cars and imported cars increased by 4.1% to 125,289 units and by 11.2% to 20,797 units respectively.
Especially, in the case of eco-friendly cars, domestic sales of electric cars increased drastically, amounting to 8,640 units, an increase of 9.5% compared with the same period of the previous year. Among them, the hybrid cars and electric vehicles accounted for 6,572 units (up 3.6%) and 1,971 units (up 31.5%), respectively.
The domestic sales volume of major electric cars last month comprised 648 units of ‘Kona EV,’ 399 units of ‘Soul EV,’ and 631 units of ‘Volt EV.’
Exports of these cars also increased by 25.7% compared with the same period of the previous year, recording 15,926 units. Among them, the numbers of hybrid cars and electric cars sold were 11,650 units (up 17.3%) and 2,731 units (up 153.3%), respectively, thanks to the good performance of Hyundai Motor’s Ionic hybrid and electric car models.
Meanwhile, export of auto parts last month recorded US$1.87 billion, an increase of 0.5% compared with the same period of the previous year, due to expansion of exports to North America and the European region despite decrease of exports to Asia and Europe.

korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods

The Production and Export of Automobiles on the Decline are Decreased

https://korean-machinery.com///inquiry

Export of eco-friendly vehicles and SUV with high unit prices increased.

 

South Korea’s domestic automobile industry has diminished its decline since February, although both production and exports have decreased in terms of vehicle numbers.
In May, exports of both automobiles (1.9%) and auto parts (14.7%) increased YoY in terms of the amount due to export increase of eco-friendly cars and SUVs with high unit prices and export increase of auto parts to the US and China.
Only 354,595 cars were produced in May, 1.3% less annually, due to discontinued production of some models, decrease of domestic sales and exports of domestic cars. Sales of domestic cars decreased slightly but, due to increase of imported car sales, total domestic sales recorded 157,771 units, increased by 1.3% YoY.
During this period, automobile production was only 354,595 units, decreased by 1.3% YoY, due to overseas inventory adjustments, discontinued production of some models, and decrease of domestic sales and exports of domestic cars. The models that were discontinued in February were Cruze and Orlando.
Hyundai Motor’s production dropped by 4.3% YoY due to production adjustments caused by sluggish exports of some models despite the increase in domestic sales, mainly in SUVs (Santa Fe, Kona).
Kia Motor’s production increased by 7.0% YoY on the strength of the effect from new cars such as K3, K9, and Carnival (including partial changes). In case of GM Korea, production decreased by 14.4% YoY due to discontinued production of Gunsan Factory coupled with slump of domestic sales and exports.
Ssangyong’s production jumped by 9.4% YoY thanks to the domestic sales effect of the new car Rexton Sports(pickup) released early this year. On the other hand, Renault Samsung’s production fell by 4.9% YoY due to sluggish domestic demand and exports of SM6.

korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods

Kumho Tire to Supply Tires to Volkswagen Atlas

https://korean-machinery.com///inquiryKumho Tire Co., Ltd. recently announced that it will supply OE (tires for new cars) for the 2018 new models of Atlas, Volkswagen’s large SUV.
The Volkswagen Group, ranked as the first place in global sales of complete vehicles in 2017, is a global leading automaker having famous brands of Volkswagen, Audi, Lamborghini and Porsche.
Atlas is the first full-size seven-seater SUV developed by Volkswagen to target the North American market, where big SUVs such as family vans and pickup trucks are popular, and it has the largest body among Volkswagen SUVs ever produced.
In addition, equipped with VR6 3.6L gasoline engine, Atlas boasts of a maximum output of 280 horsepower and has received the Five-star Safety Rating in the highest safety test conducted by the United States National Highway Traffic Safety Administration (NHTSA).
The 2018 Atlas will be equipped with Crugen Premium KL33, Kumho’s best-selling tire exclusively for SUV.
The Crugen series of Kumho Tire was developed in line with the emergence of urban SUVs. Perfectly equipped with such functions as handling, braking, stability in high-speed driving, etc. on the road to realize sports performance optimized for the high performance SUV, Crugen series is well known in the overseas market as well as in South Korea as the tire exclusively for SUV.
In particular, Crugen Premium, the standard of SUV tires, is the product that enables the drivers to feel quietness and a comfortable ride in a luxury sedan, even in SUVs. The upgraded silica compound material has improved fuel efficiency and the optimized platform has been applied to ensure the quality and quietness of the ride.


Such functions as the tread pattern, designed to improve driving stability and reduce abrasion, inner block semi-knurling (punching block surfaces to prevent slipping), 3D block, and four wide drainage grooves make stable driving possible even in the rain.
The Volkswagen Atlas that has been manufactured at the Chattanooga plant in Tennessee, USA since November 2016 is sold to Latin America, the Middle East and Russia, including North America. Tires for Atlas are produced in Kumho’s Gwangju Plant.
Mr. Jo Man-sik, senior vice president in charge of product development 1 of Kumho Tire Co., Ltd. said, “As the OE supply to 2018 Atlas this time means that Kumho’s products are supplied in large quantities as the main specifications, we can say that the product quality and our technological prowess have been recognized. Kumho Tires will strive to develop and supply tires exclusively for SUV so that we can satisfy both customers and drivers in response to the rapidly increasing demand for SUVs.”

korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods