FPT Industrial of Turin has been chosen as preferred engine supplier by Tata Daewoo Commercial Vehicles Co Ltd of Gunsan-si city, South Korea for the launch of its new CEN light/medium-duty truck.

The South Korean market for medium and large buses and coaches is substantial, reflecting good public transport services and the extensive use of buses and coaches by private companies.

Sales of imported commercial vehicles, mostly comprising of heavy trucks, rose by close to 12% to 1,391 units in the fourth quarter of 2020 from strong year-earlier sales of 1,245 units, reflecting recovering international trade and a pick-up in investment.

Sales of domestic light commercial vehicles between 2-5 tons gvw in South Korea expanded by 2% to 48,711 units in the fourth quarter of 2020 from weak year-earlier sales of 47,752 units, resulting in a 2.6% drop in full-year sales to 194,791 from 200,021 units in 2019.

The South Korean market for commercial vehicles over 2 tons gvw began to stabilise in the fourth quarter of 2020, with sales up slightly at 57,877 units albeit from a weak 57,225 units in the same period of the previous year, based on data from various industry sources.

Hyundai Motor Company (HMC) of Seoul, South Korea in February began construction of a plant in China to manufacture hydrogen fuel cell systems, in anticipation of rapid growth in automotive demand for propulsion using this alternative fuel.

Tyre maker, Hankook Tire, has appointed Hyung Yun Kim as the new managing director of its European factory in Hungary

Hyundai Truck and Bus Rus LLC has started series CKD assembly / manufacture of the Hyundai Mighty medium-duty truck range at the Avtotor plant in Kaliningrad.

The Hankook Technodome, the new state-of-the-art R&D centre installed by Hankook Tire at its primary tyre manufacturing  plant in Daejeon, has received the “Certification of Exemplary Laboratories in Safety Management” award by the Ministry of Science and Information and Communications Technology in South Korea.

Delivery of up to 50 XCIENT Fuel Cell electric heavy-duty trucks to customers in Switzerland by Hyundai Motor Company of Seoul, South Korea marks the first mass-produced fuel cell electric heavy trucks in South Korea for world markets.

Tyre maker, Hankook Tire, is working with SK Planet of Seoul, a data and test subsidiary of SK Telecom, to develop smart tyre technology.

Covid-19 hits sales at Hyundai as registrations fall by 27,000 units.