Automotive Archives | Be Korea-savvy

Archive by category Automotive

Electric Car Subsidies Subject to New Standards

Electric Car Subsidies Subject to New Standards

SEJONG, Jan. 17 (Korea Bizwire) — The South Korean government is tightening standards for electric car subsidies, with stringent guidelines based on battery life and environment-friendliness entering effect this year. Changes are coming to the electric car market, as the Ministry of Environment said on Wednesday that electric car buyers will receive different government subsidies depending [...]

Hyundai Motor Invests in Ride-hailing Firm Grab for Partnership

Hyundai Motor Invests in Ride-hailing Firm Grab for Partnership

SEOUL, Jan. 11 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it invested in the Southeast Asian ride-hailing firm Grab for a possible business partnership in the transportation service sector. Hyundai Motor reportedly invested tens of billions of won to acquire a stake in Grab so it could get [...]

Hyundai, Cisco to Unveil Hyperconnected Car Next Year

Hyundai, Cisco to Unveil Hyperconnected Car Next Year

SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Co. and Cisco Systems Inc. said they will team up to produce a next-generation, hyperconnected car next year in the latest move to stay ahead of global competition as sweeping changes in transportation and mobility pick up pace. The two firms aim to create a flexible and [...]

Hyundai Motor Vice Chair Says Partnerships with 2 U.S. Firms ‘Under Way’

Hyundai Motor Vice Chair Says Partnerships with 2 U.S. Firms ‘Under Way’

SEOUL, Jan. 8 (Korea Bizwire) – Hyundai Motor Co.’s vice chairman confirmed that a business partnership with two U.S. companies is “under way” in the area of autonomous driving technology, the carmaker said Monday. After attending U.S. chipmaker Nvidia’s press conference held in Las Vegas on the sidelines of the Consumer Electronics Show (CES), Hyundai MotorVice Chairman Chung Eui-sun made the remarks when asked whether the company’s “collaboration” with Nvidia and [...]

Hyundai to Open ‘Genesis Gangnam’ Exhibition Hall to Promote Genesis Models

Hyundai to Open ‘Genesis Gangnam’ Exhibition Hall to Promote Genesis Models

SEOUL, Jan. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it will open an exhibition hall in Seoul to promote its sub-brand Genesis models. In the two-story Genesis Gangnam exhibition hall, which is set to open Saturday in the affluent Gangnam district in southern Seoul, visitors will be [...]