SEOUL, Oct. 8 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it aims to export 64,000 hydrogen-powered trucks by 2030 amid growing demand for environment-friendly vehicles. Hyundai Motor is at an initial state of selling its hydrogen fuel-cell commercial vehicles in global markets. In July, the company shipped 10 [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea needs to further expand the country’s hydrogen charging infrastructure as it lags behind advanced countries amid growing interest in zero-emission vehicles, a business association said Thursday. South Korea has emerged as a major player in technologies involving hydrogen fuel-cell electric vehicles and fuel-cell battery-based power generation in [...]
SEOUL, Oct. 8 (Korea Bizwire) — Hyundai Motor Co. is tightening discipline at its production lines by taking a string of disciplinary actions against delinquent employees. The carmaker announced on Wednesday that it had fired one of two workers at its plant in Asan, South Chungcheong Province who frequently left work without providing appropriate notice [...]
SEOUL, Oct. 7 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts company, said Wednesday it will invest US$25 million in a British augmented reality company as it bets on future mobility technologies. Hyundai Mobis made the decision to “preemptively” invest in infotainment technologies, which it expects to become another growth driver together [...]
SEOUL, Oct. 7 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 15 percent in September from a year earlier due to strong demand for German cars, an industry association said Wednesday. The number of newly registered foreign vehicles rose to 21,839 units last month from 20,204 a year earlier, the Korea Automobile [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers’ vehicle sales rose 3.4 percent last month from a year earlier as robust domestic demand offset weak overseas sales amid the new coronavirus outbreak, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers’ market share in the United States rose above pre-coronavirus levels in the March-August period, helped by new models, an industry association said Monday. Local carmakers accounted for 8.9 percent of the U.S. passenger car market during the cited period, up from the 7.7 percent during the [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers are set to launch aggressive promotions to boost sales with new vehicles in the fourth quarter to offset weak sales in the previous three quarters amid the coronavirus outbreak, industry sources said Monday. The country’s five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Motor Group emerged to become the world’s fourth-largest player in terms of global sales of electric vehicles (EVs) over the first seven months of 2020, data showed Sunday. South Korea’s top automotive group saw its combined sales of electric vehicles advance 25 percent on-year to reach 60,707 over [...]
SEOUL, Oct. 2 (Korea Bizwire) — Retail sales of Hyundai Motor Co. in the United States rose 7 percent in the third quarter from a year earlier on rising demand for its sport utility vehicles (SUVs), the carmaker’s U.S. unit said Friday (Korean time). Hyundai sold a total of 170,838 units stateside in the July-September [...]