SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s Hyundai Motor Group is agonizing over the Russian market amid the prolonged Ukraine war. Hyundai Motor Co. and its affiliate Kia Corp. still remain silent about the potential of withdrawing from the Russian market. “The volatility of the Russian business could deepen and the Russian car market [...]
SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Group on Monday unveiled the results of its study on the future of cities featuring an organic connection of mobility, logistics, energy and nature through a virtual exhibition. The group developed the HMG Smart City reference model in collaboration with HyunJoon Yoo Architects. The reference model offers [...]
SEOUL, Oct. 31 (Korea Bizwire) – Exports of passenger cars advanced 30.1 percent in the third quarter of the year from a year earlier, data showed Monday, on the back of growing demand for eco-friendly vehicles. Carmakers here shipped passenger cars worth a combined US$12.6 billion during the July-September period, up from $9.7 billion a [...]
SEOUL, Oct. 28 (Korea Bizwire) — Hyundai Motor Co. on Friday opened up South Korea’s first moving hydrogen charging station in Seoul’s Gwangjin District. The mobile station is set up on top of a 25-ton Xcient hydrogen fuel-cell electric truck. It comes with all of the core facilities of a hydrogen fueling station — a [...]
SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Motor Group unveiled the electrified Genesis G80 limousine, the official escort vehicle for the upcoming G20 summit scheduled for next month in Bali, Indonesia. Hyundai held a ceremony on Tuesday in Jakarta to deliver the vehicles. The company sent 44 units of long wheel-based G80, 87 units of [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Wednesday it has held a groundbreaking ceremony for its dedicated electric vehicle plant in the United States as it seeks to make a presence in the North American EV market. Hyundai Motor Group’s Chairman Euisun Chung attended the ceremony held in Bryan County, [...]
SEOUL, Oct. 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday its third-quarter net profit plunged 60 percent from a year earlier on provisions for additional engine-related recall costs. Net profit for the three months ended in September fell to 458.89 billion won (US$319 million) from 1.13 trillion won during the same [...]
SEOUL, Oct. 25 (Korea Bizwire) — Hyundai Motor Group is considering raising the speed limit imposed on its first Level 3 autonomous driving vehicle, which is expected to be released soon. The carmaker will release the new G90 sedan under the independent Genesis brand later this year, which is expected to be equipped with its [...]
SEOUL, Oct. 24 (Korea Bizwire) — Hyundai Motor Co. on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 percent on-year decline in third-quarter net profit on provisions involving engine-related services. The South Korean carmaker expected its on-year revenue will grow by 19-20 percent this year, which is higher than [...]
YANGYANG, Oct. 21 (Korea Bizwire) — Stellantis will soon launch the Jeep brand’s first fully electric model, Avenger SUV, in South Korea to boost local sales and in line with the group’s zero emission goals, its Korean managing director has said. Stellantis — a 50:50 joint venture between U.S. carmaker Fiat Chrysler Automobiles and French [...]