SEOUL, Aug. 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has signed a deal to acquire General Motors Co.’s plant in India to strengthen its presence in the rapidly growing automobile market. The acquisition of GM’s Talegaon plant in the western state of Maharash is aimed at preemptively preparing to meet a rising [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co. Said Sunday it is hosting a week-long N Beach event at a cafe near Mangsang Beach in the city of Donghae, Gangwon Province, providing an opportunity to test drive N-brand high-performance vehicles. This marks the second occurrence of such an event, following the one that took [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Monday it has partnered with Chinese electric vehicle (EV) charging service information provider NaaS Technology Inc. for future EV charging business opportunities. Hyundai signed an initial pact with Naas at the Chinese firm’s headquarters in Beijing on Monday to jointly develop customized EV [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it will launch the all-new Santa Fe SUV in the domestic market this week, with the goal of selling 28,000 units this year. The fifth-generation Santa Fe, set to go on sale on Wednesday, will be available with [...]
PAJU, Aug. 10 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it is aiming to sell 28,000 units of the all-new Santa Fe SUV this year after its planned launch later this month. Hyundai Motor has set the sales goal in the domestic market for this year, while planning [...]
SEOUL, Aug. 9 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it has received an order from Volkswagen AG to supply a core electric vehicle component for the German carmaker’s EV platform. In the “large-scale” supply deal, Hyundai Mobis will supply battery supply assembly (BSA) parts to Volkswagen, which [...]
SEOUL, Aug. 3 (Korea Bizwire) — South Korea’s Hyundai Motor Group will use Qualcomm Technologies, Inc.’s Snapdragon Automotive Cockpit Platforms in the infotainment system for its purpose-built vehicles (PBVs), the U.S. chip company said Thursday. Under the technology collaboration, the Korean automotive group will incorporate the latest Snapdragon solutions in its PBV infotainment system to [...]
SEOUL, Aug. 3 (Korea Bizwire) – Imported vehicle sales in South Korea fell 1.3 percent last month from a year earlier due to the end of tax cuts and lack of supplies in some brands, an industry association said Thursday. The number of newly registered imported cars came to 21,138 units in July, down from [...]
SEOUL, Aug. 3 (Korea Bizwire) — Hyundai Motor Group said Thursday it will invest US$50 million in Canadian artificial intelligence (AI) semiconductor startup Tenstorrent as it seeks to integrate AI into its future mobility solutions. Hyundai Motor Co. and its smaller affiliate Kia Corp. will invest $30 million and $20 million, respectively, in Tenstorrent as [...]
SEOUL, Aug. 3 (Korea Bizwire) — Controversy is brewing over Automobili Lamborghini S.p.A.’s policy of not refunding deposits to customers who cancel their purchases after signing contracts for new cars. According to industry sources, the Italian luxury sports car maker recently asked South Korean customers committed to purchasing models like the Urus and Huracan to [...]