SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Group is expected to achieve 3 million units in accumulated environment-friendly vehicle sales in the first half, driven by new models, industry sources said Sunday. The South Korean automotive group, which has Hyundai Motor Co. and Kia Corp. under its wing, sold a cumulative 2.53 million eco-friendly [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Friday it has signed an initial agreement with a Singaporean company for partnership in the metaverse platform business. Hyundai Motor has signed a memorandum of understanding (MOU) with Singapore-based three-dimensional contents developing and operating platform firm Unity to establish a future metaverse platform [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. has announced its “metamobility” concept, where robotic devices interact with humans to provide a variety of mobility services, at the Consumer Electronics Show (CES) under way in the United States. Hyundai Motor Group Chairman Euisun Chung made a briefing on Tuesday (U.S. time) on how its [...]
SEOUL, Jan. 5 (Korea Bizwire) — Sales of imported vehicles in South Korea plunged 24 percent in December from a year earlier as chip shortages continued to disrupt vehicle production, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 23,904 units last month from 31,419 units a year ago, the [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States spiked 19 percent in 2021 from a year earlier despite the prolonged pandemic and chip shortages. The corporate duo sold a total of 1.44 million vehicles in the world’s most important automobile [...]
SEOUL, Jan. 4 (Korea Bizwire) — A consortium led by South Korean electric carmaker Edison Motors Co. said Tuesday it aims to sign a final deal to acquire the embattled SsangYong Motor Co. by Monday. In April, SsangYong was placed under court receivership for the second time after undergoing the same process a decade earlier. [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean automakers’ sales fell 12 percent last month from a year earlier as a prolonged chip shortage disrupted vehicle production and sales, industry data showed Monday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — [...]
SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Motor Group has formulated a plan to help small merchants that are suffering from the prolonged COVID-19 pandemic as part of its social contribution program ‘Gift Car.’ The group announced on Tuesday that it will launch the ‘Gift Car On Air’ campaign to help small businesses typically accustomed [...]
SEOUL, Dec. 28 (Korea Bizwire) — Hyundai Motor Group is speeding up the shift towards electrification by abolishing the engine development center within its research and development (R&D) headquarters. According to industry sources, the group carried out a top-to-bottom restructuring of its R&D headquarters by transitioning the existing powertrain organization into an electrification development unit [...]
SEOUL, Dec. 27 (Korea Bizwire) — Without waiting for the government’s final decision, South Korean carmakers have declared that they will launch used car businesses starting from next month. Hyundai Motor Co. and affiliate Kia Corp. are set to launch full-scale preparations for a launch into the used car market from next month, according to [...]