SEOUL, June 24 (Korea Bizwire) — South Korea’s leading carmaker Hyundai Motor Co. emerged as the top auto seller in Vietnam in the first five months of this year, outpacing its Japanese rival Toyota Motor Corp., industry data showed Thursday. Hyundai Motor sold 24,420 units in the Southeast Asian nation in the January-May period, edging [...]
SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Group is on its way toward an all-electric future by adopting a two-track strategy to deliver batteries for both electric and hydrogen fuel cell vehicles, hoping to expand its presence in the growing eco-friendly car market. The world’s fifth-largest carmaker is one of the few industry players [...]
SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Co. on Tuesday unveiled the Avante N high-performance model as it strives to strengthen its high-end product lineup. The Avante N is the first sedan to be launched under the carmaker’s high-performance N brand. The sporty sedan comes with side skirts, which minimize the amount of air [...]
SEOUL, June 21 (Korea Bizwire) — Hyundai Motor Group said Monday its three affiliates and its chief have acquired a controlling stake in U.S.-based robotics firm Boston Dynamics, Inc. for US$880 million. The investment is part of the South Korean automaking group’s broader plans to strengthen its competitiveness in future mobility solutions. In December, the [...]
SEOUL, June 20 (Korea Bizwire) — South Korean units of three foreign carmakers are finally pivoting to a more electric future in the face of toughening competition with their Korean rivals and luxury German brands as a way to survive in the changing business environment. The Korean units of three foreign carmakers — GM Korea [...]
SEOUL, June 18 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, announced on Thursday that it had developed a lighting grill by integrating LED lighting to the grill at the front of vehicles. The lighting grill enables users to turn the front grill into a lighting device. Various scenarios are possible, [...]
SEOUL, June 16 (Korea Bizwire) — Hyundai Motor Group Chairman Chung Euisun has visited an autonomous vehicle joint venture in the United States and tested a vehicle under development as the South Korean automaking giant explores new business opportunities in future mobility solutions, the automaker said Wednesday. Chung tested a self-driving Ioniq 5 electric vehicle [...]
SEOUL, June 16 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it has partnered with U.S. ride-hailing company Uber Technologies Inc. to supply its electric vehicles in Europe. The strategic partnership is aimed at promoting the adoption of EVs and the expansion of the EV charging infrastructure in major European cities, Kia [...]
SEOUL, June 15 (Korea Bizwire) — Financially troubled SsangYong Motor Co. said Tuesday it will launch its first electric vehicle (EV) in Europe later this year as it seeks to speed up its sales process and survive in the changing business environment. SsangYong said it named the EV variant of the Korando EV the Korando [...]
SEOUL, June 14 (Korea Bizwire) — Half of SsangYong Motor Co.’s workers will go on unpaid leave for two years beginning next month as part of self-help measures as the debt-ridden automaker is striving to speed up its sales process, the company said Monday. SsangYong said its management and labor union inked a deal on [...]