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Hyundai to Produce Hybrid Vehicles at New U.S. Electric Car Plant

Hyundai to Produce Hybrid Vehicles at New U.S. Electric Car Plant

SEOUL, Apr. 26 (Korea Bizwire) – Hyundai Motor Company has announced plans to manufacture hybrid vehicles at its upcoming electric vehicle (EV) plant in Georgia, United States, scheduled to commence operations in the latter half of this year.  During a conference call discussing the company’s first-quarter earnings on April 25, Lee Seung Jo, Head of Hyundai’s [...]

Hyundai Motor Chief Vows to Foster India as Automaker’s Global Export Hub

Hyundai Motor Chief Vows to Foster India as Automaker’s Global Export Hub

SEOUL, Apr. 25 (Korea Bizwire) — The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilize the country as a key export hub for the South Korean automaker, the group said Thursday. Euisun Chung, Hyundai Motor Group’s executive chair, visited the group’s Indian headquarters [...]

Hyundai Unveils ‘N Performance Garage’ for Tuning Enthusiasts

Hyundai Unveils ‘N Performance Garage’ for Tuning Enthusiasts

SEOUL, Apr. 24 (Korea Bizwire) – Hyundai Motor Company has announced that it is opening an offline tuning platform called the ‘N Performance Garage’ in Cheonan-gu, Yongin, Gyeonggi Province, to provide a new tuning culture experience.  The N Performance Garage is an official tuning specialty shop for Hyundai’s high-performance ‘N’ brand, featuring a display of the [...]

Hyundai Motor Signs 174-megawatt Renewable Energy Deal for U.S. EV Plant

Hyundai Motor Signs 174-megawatt Renewable Energy Deal for U.S. EV Plant

SEOUL, Apr. 22 (Korea Bizwire) — Hyundai Motor Group said Monday it has signed a 174- megawatt power purchase agreement (PPA) with a solar energy project led by Spain’s Matrix Renewables to power its envisioned electric vehicle (EV) plant in the United States with renewable energy. The 15-year PPA with the Matrix Renewables-led Stillhouse Solar [...]

Hyundai Expands Trade-In Incentives for Certified Used Cars

Hyundai Expands Trade-In Incentives for Certified Used Cars

SEOUL, Apr. 10 (Korea Bizwire) – The Hyundai Motor Company announced on April 9 a significant expansion of its trade-in program, offering substantial cash discounts to consumers who trade in their existing vehicles for certified used cars and purchase new Hyundai or Genesis models. The trade-in program allows customers to return their current vehicle to the [...]

Electric Vehicles to Sport Energy Efficiency Labels as South Korea Rolls Out 5-Tier Grading System

Electric Vehicles to Sport Energy Efficiency Labels as South Korea Rolls Out 5-Tier Grading System

SEJONG, Apr. 1 (Korea Bizwire) – Beginning on April 1, all electric vehicles sold in South Korea will be required to display color-coded labels indicating their energy efficiency rating on a scale of 1 to 5, with 1 being the most efficient. The new five-tier rating system, introduced by the Ministry of Trade, Industry and Energy, [...]

Hyundai Unveils Ioniq 5 N eN1 Cup Car for Electric Racing Series

Hyundai Unveils Ioniq 5 N eN1 Cup Car for Electric Racing Series

SEOUL, Apr. 1 (Korea Bizwire) – Ahead of the 2024 season opener for South Korea’s largest single-make racing event, the Hyundai N Festival, Hyundai Motor Company unveiled its high-performance Ioniq 5 N eN1 Cup Car during an official practice round held on March 30 at the Inje Speedium racetrack in Inje County, Gangwon Province. The Ioniq [...]

Hyundai’s Ioniq 5 Robotaxi Passes U.S. Driving Test, A First for Autonomous Vehicles

Hyundai’s Ioniq 5 Robotaxi Passes U.S. Driving Test, A First for Autonomous Vehicles

SEOUL, Apr. 1 (Korea Bizwire) – Hyundai Motor Company has released a promotional campaign video on its global YouTube channel showcasing the Ioniq 5 robotaxi’s journey to obtain a U.S. driver’s license, a milestone announced on March 31. The video, titled “Ioniq 5 robotaxi – Hyundai gets its driver’s license,” chronicles the autonomous vehicle’s venture through [...]

Hyundai Bolsters North American Presence with New Tucson SUV

Hyundai Bolsters North American Presence with New Tucson SUV

SEOUL, Mar. 28 (Korea Bizwire) – Hyundai Motor Company is fortifying its foothold in the North American market by introducing the redesigned Tucson, its compact sport utility vehicle (SUV). At the press preview of the 2024 New York International Auto Show held on March 27 at the Javits Convention Center, Hyundai unveiled the “All-New Tucson” [...]

Hyundai Motor Group Unveils Massive Domestic Hiring and Investment Plan

Hyundai Motor Group Unveils Massive Domestic Hiring and Investment Plan

SEOUL, Mar. 28 (Korea Bizwire) – In a bold move to bolster its future global competitiveness, Hyundai Motor Group has announced a large-scale domestic hiring and investment initiative. Over the next three years, the automotive giant plans to recruit 80,000 new employees in South Korea and invest a staggering 68 trillion won.  Hyundai’s production workers, known [...]