Auto Business Archives — City Business News

May 19, 2023 No Responses

China Overtakes Japan As World’s Top Car Exporter

Between January and March 2023, China surpassed Japan and Germany to become the world’s largest vehicle exporter for the first time, exporting a total of 1.069 million vehicles. Japan used to be the world’s leading vehicle exporter, exporting 1.047 million...

April 28, 2023 No Responses

Hyundai Wins 19 Design Awards In Multiple Categories

Hyundai Motor Company, its Marketing unit and Hyundai Motor Group won a combined 19 prizes, including a ‘Gold’ honor, at the prestigious International Forum (iF) Design Award 2023 in the Product, Professional Concept, Interior Architecture, Communication, ...

April 18, 2023 No Responses

Geely Delivers 1,432,988m Vehicles In 2022, Targets 1.65m Units In 2023

By Moses Ebosele, ebosele@hotmail.com — For the year 2022, Geely Auto delivered a total of 1,432,988 million vehicles with its higher segment flagship models driving the brand’s growth. City Business News reports that within the year u...

April 12, 2023 No Responses

Kia, Firm Seal Partnership On Reality Of Food Waste

Kia Corporation has partnered Dubai-based start-up, The Waste Lab, and launched a three-stage GCC based campaign whilst transforming food waste into healthy compost. A statement sent to City Business News explained that the partnership, commenced at the start ...

April 7, 2023 No Responses

All-New Honda HR-V Debuts In Nigeria

Honda Automobile Western Africa Limited {HAWA} has unveiled the all-new Honda HR-V Sports Utility Vehicle (SUV) in Nigeria. The new generation HR-V is supported by a five-year/100, 000 warranty, in addition to five-year free service including ...

April 4, 2023 No Responses

Auto Policy: Ministry To Seek FEC’s Approval

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo disclosed on Monday that the ministry will soon submit a new auto policy for the approval of the Federal Executive Council (FEC). The minister said this when the Senior Executive...

March 30, 2023 No Responses

Kia EV9 SUV Displays Design, Technology

Kia on Wednesday revealed full details of the Kia EV9, its first three-row seat electric flagship Sports Utility Vehicle (SUV) that brings fresh thinking, design, and technology to the sector and spearheads the brand’s rapid transformation to ...

March 16, 2023 No Responses

Kia Reveals Electric Flagship SUV

Kia Corporation on Wednesday revealed full images of the exterior and interior design of the Kia EV9, its first three-row electric flagship Sports Utility Vehicle (SUV), which encapsulates bold styling and sophisticated elegance inside and out. The Kia EV9 rep...

February 27, 2023 No Responses

Hyundai Begins EV Production In US

Hyundai Motor has commenced production of an electric vehicle (EV) in the US in response to the US Inflation Reduction Act (IRA), which allows no subsidies for imported EVs. Already, the South Korean carmaker has assembled the Genesis GV70 SUV...

February 15, 2023 No Responses

Hyundai Records 306,296 Sales In January

Hyundai Motor Company has announced its January 2023 global sales of 306,296 units, a 8.4 percent increase over last year. City Business News report that despite the continued uncertainties in the business environment, Hyundai global sales have grown ste...

February 13, 2023 No Responses

Geely Raises $750m For Zeekr Brand

Zeekr, the electric car brand of China’s Geely Automobile Holdings is raising $750 million from five new and existing investors in a funding round that values the brand at $13 billion. Zeekr, which sells two purely electric car models, said.....

February 13, 2023 No Responses

Hyundai Donates $2m To Earthquake Victims In Turkey, Syria

Hyundai Motor Group has pledged $2millon for the relief efforts in Turkey and Syria. Under Hyundai Motor Group, Hyundai Motor Company, Kia, and Hyundai Mobis are all contributing to the donations, which will be made through the Korean Re...

January 26, 2023 No Responses

Geely Records 1,432,988 Sales In 2022

Geely Auto has announced its December and annual sales figures for 2022: 146,017 passenger cars were sold in December, and the total cumulative sales of Geely Auto for 2022 reached 1,432,988 units, up 8% year-on-year, with production and sales exceeding...

January 15, 2023 No Responses

Kia Extends Australian Open Partnership To 2028

Kia Corporation has extended its support of the Australian Open to 2028, continuing the brand’s highly successful partnership with the prestigious tennis Grand Slam event that first began in 2002. A statement issued by Kia explained that at the A...