SEOUL, Nov. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Wednesday it has signed two separate initial deals with Chinese companies to supply 4,000 hydrogen trucks by 2025 in a move to enter the Chinese hydrogen commercial vehicle market. Hyundai signed a memorandum of understanding (MOU) with Shanghai Electric [...]
SEOUL, Nov. 4 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 9.8 percent in October from a year earlier due to strong demand for German cars, an industry association said Wednesday. The number of newly registered foreign vehicles climbed to 24,257 units last month from 22,101 a year earlier despite the COVID-19 [...]
SEOUL, Nov. 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Wednesday their U.S. sales rose 6 percent last month from a year earlier on strong demand for their SUV models. In October, Hyundai and Kia sold a combined 113,489 vehicles in the United States, up from 107,101 units in [...]
SEOUL, Nov. 2 (Korea Bizwire) — The scope of smartphone-based digital key services, which are emerging as one of the core technologies in times of car-sharing, is expanding. Hyundai Motor Co. announced a plan to launch a string of new-concept services by leveraging its existing digital key service. One of the new-concept services is the [...]
SEOUL, Nov. 2 (Korea Bizwire) – South Korean carmakers’ sales fell 1 percent last month from a year earlier as the coronavirus outbreak continued to affect the automobile industry, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong [...]
SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Co. sold over 380,000 units of its premium brand Genesis in overseas markets over the past five years since the brand launched in November 2015, industry sources said Sunday. Sales of Genesis came to a combined 384,471 units in September this year, showing its steady sales in [...]
SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co. said Friday it has sold over 10,000 Nexo hydrogen fuel cell electric vehicles in the domestic market since its launch in early 2018. Hyundai began to sell the Nexo hydrogen model in the local market in March 2018 as it aimed to take the leadership position [...]
SEOUL, Oct. 30 (Korea Bizwire) — Consumers are expressing dissatisfaction towards Hyundai Motor Co.’s recent recall of its Kona electric vehicle (EV) following a series of cases where the vehicle has shut down, even after the recall. Hyundai recalled Kona EVs manufactured before March 13, to update the vehicle’s battery management system (BMS). The problem [...]
SEOUL, Oct. 29 (Korea Bizwire) — Hyundai Motor Co. on Thursday unveiled the design of the GV70 SUV under its independent Genesis brand as it strives to gain a share in the high-end vehicle market. The midsized GV70 is the second SUV model with the Genesis badge following the launch of the GV80 SUV in [...]
SEOUL, Oct. 28 (Korea Bizwire) — Motional, the Hyundai-Aptiv joint venture, said Thursday it has partnered with U.S. on-demand shuttle startup Via to launch a shared robotaxi service in the United States next year. The business partnership comes amid growing demand for driverless transportation options in response to COVID-19 concerns, Motional said in a statement. [...]