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  • Hyundai, Kia sign pact to develop mobility to explore moon

    Hyundai, Kia sign pact to develop mobility to explore moon

    SEOUL, Korea: Hyundai Motor and Kia Corporation on Wednesday signed agreements with six Korean research institutes to develop mobility solutions to explore the surface of the moon.

    Hyundai Motor and Kia, who have pioneered endless possibilities for mobility expansion through innovative technologies such as robotics and Advanced Air Mobility (AAM), are now expanding their vision beyond the bounds of Earth and into space.

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    The announcement follows Korea’s successful launch of a domestically produced rocket in June.

    Yong Wha Kim, Executive Vice President, and Head of R&D Planning & Coordination Center of Hyundai Motor and Kia said “We have taken the first step towards transforming our vision for robotics and the concept of Metamobility into reality.”

    “We will expand the scope of human movement experience beyond traditional means of transport and beyond the bounds of Earth to further contribute to the progress of humankind and help create a better future.” He added.\

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    The signing ceremony held in Korea was attended by Chung Kook Park, President and Head of R&D Division of Hyundai Motor and Kia as well as top officials from the six research institutes: Korea Atomic Energy Research Institute (KAERI); Korea Aerospace Research Institute (KARI); Korea Astronomy and Space Science Institute (KASI); Korea Automotive Technology Institute (KATECH); Korea Institute of Civil Engineering and Building Technology (KICT); and Electronics and Telecommunications Research Institute (ETRI).

    With collaboration expected to start as early as August, the consultative body will define the concept of lunar exploration mobility and major core technologies while developing and reviewing specific strategies and implementation measures to operate on the moon. Hyundai Motor and Kia will support the consultative body with their smart mobility technologies.

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    Under the multilateral research agreement, the participants from the private and government sectors will integrate their knowledge and capabilities to significantly advance their existing technologies and engineer new solutions for moon exploration mobility. Expertise will be brought to bear across numerous areas, including exploration equipment, software for mobility operation and remote communication functionality.

    With no air, extreme temperatures and countless craters and coatings of lunar dust composedof sharp and abrasive particles, the moon’s surface is an exceptionally harsh environment. While it poses significant challenges to the development of surface exploration mobility, it also provides the ultimate proving ground and will deliver invaluable lessons for Hyundai and Kia to further accelerate the delivery of smart and sustainable mobility solutions on earth.

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    Hyundai and Kia have formed an internal consultative body with key personnel for the development and operation of lunar surface mobility. Resources will be brought to bear from Hyundai and Kia’s Robotics Lab in charge of robot development. Hyundai and Kia will also collaborate on software and hardware design and interpretation, space environment response technology, and special equipment for conducting lunar exploration missions.

    The multilateral agreement to develop mobility for exploring the moon’s surface represents a seminal moment in the history of Hyundai Motor and Kia that expands their vision for future mobility, including Robotics and AAM, to areas beyond the Earth. Hyundai and Kia also expect to secure proprietary technologies for future mobility businesses in the process of the new lunar exploration mobility robotics development. 

    In January, Hyundai Motor announced its robotics vision of ‘Metamobilty’ to help overcome the limitations of movement at CES 2022, which featured a video of Boston Dynamics’ robot, named ‘SPOT’, exploring outer space. 

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  • Prices of KIA Motors raised up to 19.3% amid rupee devaluation

    Prices of KIA Motors raised up to 19.3% amid rupee devaluation

    KARACHI: Lucky Motors Corporation Limited (LMCL), the manufacturers of KIA Motors in Pakistan, has announced massive increase up to 19.3 per cent in car prices effective from July 19, 2022 due to sharp depreciation in rupee value against the US Dollar.

    According to a press release issued on Tuesday, the car maker stated that due to continuous devaluation of the Pakistani Rupee to the US dollar the company was compelled to increase the prices of KIA products effective from July 19, 2022.

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    Following are the existing and revised prices of various models of KIA Motors:

    Picanto MT has been increased by 19.3 per cent to Rs3.1 million from Rs2.6 million.

    Picanto AT has been increased by 18.52 per cent to Rs3.2 million from Rs2.7 million.

    Stonic EX has been increased by 1.8 per cent to Rs4.55 million from Rs4.47 million.

    Stonic EX+ has been increased by 2 per cent to Rs4.85 million from Rs4.77 million.

    Sportage Alpha has been increased by 16.82 per cent to Rs6.25 million from Rs5.35 million.

    Sportage FWD has been increased by 15.19 per cent to Rs6.75 million from Rs5.86 million.

    Sportage AWD has been increased by 13.99 per cent to Rs7.25 per cent from Rs6.36 per cent.

    Sorento 2.4L FWD has been increased by 13.04 per cent to Rs7.80 million from Rs6.90 million.

    Sorento 2.4L AWD has been increased by 12.29 per cent to Rs8.50 million from Rs7.57 million.

    Sorento 3.5L has been increased by 12.29 per cent to Rs8.50 million to Rs7.57 million.

    Carnival GLS PP has been increased by 9.57 per cent to Rs12.6 million from Rs11.5 million.

    The company further said that price revision is effective from July 19, 2022 and would not be applicable to customers, who had already made full payment by July 18, 2022 as well as those customers whose PBO delivery commitments were of June 2022 or before.

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    According to the terms and conditions the company said all customers who had paid the full amount and the same is realized in the LMC bank account till July 18, 2022 would qualify for existing ex-factory price. However, government taxes including withholding tax and capital value tax would apply as per the federal budget 2022-2023.

    “All customers who are sales tax registered but not active will be charged further sales tax at 3 per cent as per new Finance Act, 2022. This further sales tax will be part of ex-factory price for such customers,” the company added.

  • KIA launches sportage vehicle in Pakistan

    KIA launches sportage vehicle in Pakistan

    KARACHI: KIA Lucky Motors on Wednesday launched Pakistan’s first all-wheel 2000 CC SUV. KIA Sportage is Pakistan’s first all-wheel drive car with 100,000 km or 4 years warranty.

    KIA Sportage comes in two models- top of the line being an All-Wheel Drive (AWD) version, which is a first of its kind in Pakistan among locally manufactured vehicles.

    “We promised that we will introduce high-tech specifications and innovation and we have started setting the benchmark for the industry already, said confident looking CEO of Kia Lucky Motors,” Asif Rizvi while addressing the media at a press briefing.

    Asif Rizvi said that KLM has invested $175 million on setting up a new state of the art Auto plant having a capacity of 50,000 units per year.

    KIA has the Power to Surprise and the 4 year or 100,000 KM warranty has come like a pleasant surprise for Pakistani consumers and the response to Sportage booking is a promising sign for KIA.

    “We have received an overwhelming response to the KIA Sportage from our customers,” he said.

    KIA Sportage limited quantity which was introduced at introductory prices, was completely sold out in just 10 days. Apart from being the first All-Wheel Drive locally assembled vehicle, KIA Sportage will have panoramic sunroof and several smarts features that Pakistani consumers will enjoy for the first time in any locally produced vehicle.

    Asif Rizvi informed that currently KLM has 15 dealers across Pakistan and KIA has a 3-year program to expand its dealers’ network in all major cities of the country.

    Asif Rizvi said that earlier, Pakistani consumers had limited choices of brands and models. There were long waiting periods and some consumers even had to pay premium to get their vehicles delivered early, but after the new entrants come in the market, consumers will not have to pay any premium nor will they have to wait months for delivery of vehicles.

    With the introduction of the New Entrants in the local auto sector, customer satisfaction will also improve and we are confident that overall the consumers will benefit, in terms of warranty period and improvement in service quality.

    “We want to increase the Pakistani consumers’ confidence on locally produced vehicles and KIA will make sure that its products and services attract the consumers to buy locally produced KIA vehicles,” Asif added.

    KIA vehicles will have Euro II engines as per the fuel options available in Pakistan. Talking about the tax concession for New Entrants, Asif Rizvi said that the concessions have been given to attract new investment in the Auto sector and thus increase the choices and options of locally produced vehicles for the Pakistani buyers.

    The existing players have a huge localization advantage over the new comers in this sector. He said it would take any New Entrant at least 5 years to achieve similar levels of localization, hence the tax concession given by the Government to ensure level playing field for all auto players.

    Asif Rizvi He said that KIA Lucky Motors has entered into the Pakistani market with a long-term commitment.

    Since inception, KIA has introduced Painting Robots at its plant to give a superior quality paint experience to its customers. KIA has also equipped its plant with full body Coordinate Measuring Machine (CMM) and a very well designed Test Track mirroring Pakistan’s actual road conditions, all to ensure the best quality and ultimate Customer Satisfaction.

    Talking about the global ranking and quality of KIA vehicles, Asif Rizvi informed that for five consecutive years, KIA has been ranked as No 1 mass produced car in the JD Power’s Initial Quality Survey which is based on their own internal inspection processes (JD Power is an American company that ranks vehicles).