manufacturer

Retail Asia07/01/2021

Back in 2015, the head of Huawei’s consumer products unit, Richard Yu, made a bold forecast. He said that in two to three years, Huawei would surpass Apple to become the second-largest smartphone manufacturer in the world. He added that in five years, Huawei would top Samsung to become the world’s largest producer of smartphones. And […]

Retail Asia03/01/2019

Hyundai Motor, Korea’s largest carmaker by sales, said Wednesday its December sales rose 0.4 percent from a year earlier on weak overseas demand. Hyundai sold 410,326 vehicles last month, up from 408,637 units a year earlier, the company said in a statement. Domestic sales jumped 22 percent to 64,835 units last month from 53,361 a […]

Retail Asia02/01/2019

Korean pharmaceutical companies are entering 2019 with high expectations as several domestic drugs are expected to gain approval from overseas regulators this year. Though the Samsung BioLogics accounting fraud scandal made 2018 a less-than-stellar year for the pharmaceutical industry, bio firms are ready to get back on their feet with new drugs and licenses. Daewoong […]

Retail Asia18/12/2018

Hyundai Motor luxury brand Genesis is starting a car subscription service, the first such effort by a domestic automaker in Korea. The company Thursday announced its Genesis Spectrum program. Under the program, subscribers can drive Genesis vehicles – including the G70, G80, G80 Sport and G90 – for 1.49 million won ($1,330) per month. The service […]

Retail Asia07/12/2018

Hyundai Motor refused a revised plan that removed a restriction on collective wage bargaining at a proposed plant in Gwangju, further complicating plans for the factory. A council with representatives from the local government and area employers, labor unions and citizens on Wednesday agreed to remove a clause from the agreement that would have suspended […]

Retail Asia05/12/2018

Hyundai Motor’s luxury Genesis G70 sedan was selected as the Car of the Year by U.S. auto magazine Motor Trend, firmly establishing it as a legitimate alternative to BMW’s long-reigning 3 Series. The G70’s victory was proclaimed in Motor Trend’s January issue with the headline “A Star is Born.” The vehicle competed with 20 other models including […]

Retail Asia13/01/2015

Riding on high demand that outstripped supply, luxury car manufacturers Audi and Mercedes-Benz have ended 2014 with best-ever sales in their history in India. German carmaker Audi sold 10,851 units in 2014, compared with 10,000 in 2013, it said in a statement. Audi India sold 3,044 units in the October-December quarter, posting a 17 per cent growth […]

Tag: manufacturer

Huawei will end up among the globe’s top smartphone manufacturers this year

Hyundai sales ups a bit in December

Korean drug companies anticipate a strong 2019

Genesis starts by-the-month car subscriptions

Hyundai Motor rejects renewed Gwangju plan

Hyundai’s Genesis G70 named Motor Trend’s Car of the Year

Luxury carmakers clock best-ever India sales in 2014