SEOUL, Dec. 4 (Korea Bizwire) — Song Chang-hyeon, head of Hyundai Motor Group’s Advanced Vehicle Platform (AVP) division and chief executive officer (CEO) of the group’s software research arm 42dot, has tendered his resignation amid a lack of progress in next-generation vehicle technologies, industry sources said Thursday. In a message sent to 42dot employees on [...]
SEOUL, May 26 (Korea Bizwire) — Hyundai Mobis Co. has filed more than 7,500 patents over the past three years to strengthen its global competitiveness through proprietary technologies in future mobility and electrification, according to the company Monday. The company, the auto parts affiliate of Hyundai Motor Group, announced the figures during its annual in-house [...]
SEOUL, May 14 (Korea Bizwire) — Kia Corp. said Tuesday it has partnered with the Indian Institute of Technology (IIT) Tirupati to cooperate in fostering local engineering talent and enhancing future mobility capabilities in the South Asian nation. Under their memorandum of understanding signed Friday, the South Korean automaker will invest 350 million rupees (US$4.1 [...]
SEOUL, Aug. 1 (Korea Bizwire) – Over half of South Korea’s leading corporations have failed to launch a single new business venture in the past five years, according to a recent study. Even Samsung Electronics, the country’s largest conglomerate, has not added any new business objectives to its portfolio in the last decade. A report released [...]
SEOUL, Feb. 17 (Korea Bizwire) — With or without Apple, Hyundai Motor Group is in full gear to transform itself from a traditional automaker to a mobility provider. After having been in the media spotlight as a potential partner for Apple’s car project, Hyundai Motor Co. and its affiliate Kia Corp. said last week they [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday it will invest US$20 million in two U.S. tech funds to foster future mobility startups. Hyundai Mobis will invest in ACVC Partners and MOTUS Ventures as it seeks to preemptively secure future mobility technologies in the fields of [...]
SEOUL, Feb. 9 (Korea Bizwire) — Hyundai Motor Group Executive Vice Chairman Chung Euisun promoted the group’s future mobility plans in a meeting with U.S. state governors and government officials in the United States, the company said Sunday. In the National Governors Association Winter Summit held at the South Korean Embassy in Washington, D.C. on [...]
SEOUL, Jan. 14 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Tuesday it will invest 29 trillion won (US$25 billion) in electric vehicles and business diversification by 2025. Kia Motors made the announcement as it aims to transform itself into a leading electric vehicle manufacturer while reducing the ratio of [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Thursday it will invest more than 100 trillion won (US$87 billion) in the next five years to increase its presence in the future mobility markets. “We are planning to launch 44 electrified vehicles, including 11 all-electric models, by 2025, as we aim to [...]