SEOUL, Sept. 5 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Monday it will promote its high-end auto parts at an U.S. auto show this month to strengthen its presence in the world’s most important automobile market. Hyundai Mobis aims to explore new opportunities to sell its electric complete chassis [...]
SEOUL, Sept. 5 (Korea Bizwire) — The Genesis G90, the flagship sedan of Hyundai Motor Co.’s luxury brand Genesis, has racked up strong sales since its release earlier this year. Genesis reported that a total of 14,658 units of G90, priced at over 100 million won (US$73,280) each, were sold in the South Korean market [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 18 percent last month from a year earlier despite the prolonged global chip shortage. Hyundai, its independent Genesis brand, and Kia sold 135,526 vehicles in the world’s most important automobile market [...]
SEOUL, Sept. 1 (Korea Bizwire) — Plug-in hybrid electric vehicles (PHEVs) from Hyundai Motor Co. and its affiliate Kia Corp. are selling well despite the global popularity of EVs. Hyundai Motor Group reported that since PHEVs were first released in 2015, the average annual sales growth reached 106.8 percent, easily surpassing EV’s annual sales growth [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-biggest tiremaker by sales, said Monday it will invest 2.1 trillion won (US$1.5 billion) to expand its existing U.S. tire manufacturing plant by early 2026. Hankook Tire currently produces 5.5 million tires a year for passenger vehicles and light-duty trucks in the [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hyundai Motor Group has unveiled a brake failure response system for autonomous vehicles via its corporate website. In a situation that calls for brakes to be applied, the system checks the operation of the main braking device through an engine control unit (ECU). If there is no response, it [...]
SEOUL, Aug. 26 (Korea Bizwire) — A Seoul court on Friday approved SsangYong Motor Co.’s rehabilitation plan with “overwhelming” support from creditors and other related parties, paving the way for the carmaker to get its business back on track. The approval, which came one month after SsangYong submitted its restructuring plan to the Seoul Bankruptcy [...]
SEOUL, Aug. 26 (Korea Bizwire) – Hyundai Motor Co. said Thursday it had decided to set up its first electric vehicle (EV)-dedicated plant on the test driving site (280,000 square meters) within its main Ulsan plant, 414 kilometers southeast of Seoul. The South Korea’s top carmaker said that the site was chosen as the best [...]
SEOUL, Aug. 25 (Korea Bizwire) — Hyundai Motor Group said Wednesday it was investing in local startup BOS Semiconductors as part of efforts to create synergy in the future automotive semiconductor area. BOS Semiconductors, founded this year, is a fabless company specializing in the design and development of System-on-a-Chip (SoC) optimized for automotive software and [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s largest car-sharing platform operator, SOCAR Inc., fell far below its initial public offering (IPO) price on its first day of trading in the face of unfavorable market conditions. SOCAR closed at 26,300 won (US$19.56) won on the main bourse, down 6.07 percent from the 28,000 won opening [...]