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Mobility

Genesis GV90 launch set for Sept. 9, luxury electric SUV to cost over 200 million won

Genesis has confirmed it will unveil its flagship electric SUV, the GV90, on Sept. 9, setting a specific date for the first time since last year’s delays due to unresolved technical issues. Development is aimed at a late-2026 launch. Hyundai is reported to have produced more than 250 mass-production vehicles at its Ulsan dedicated EV plant. Test vehicles have been spotted in the United States, Europe and South Korea.

Industry

BYD, Xpeng push ahead as Honda, Volkswagen slow, diverging global EV strategies

Chinese electric vehicle makers are intensifying their overseas push, expanding exports and moving to build local production bases in Europe. BYD topped 130,000 overseas exports in April and is linked to possible moves involving Stellantis facilities, while Xpeng is reported to be pursuing a Volkswagen plant. In Germany, companies report high satisfaction with electric trucks. By contrast, Honda and Volkswagen are slowing electrification plans. Tesla is advancing FSD expansion while facing transparency and safety disputes.