SEOUL, Nov. 25 (Korea Bizwire) — Hyundai Motor Group has signed a memorandum of understanding (MOU) with Michelin Corp. to accelerate their partnership in next-generation tire technology development, extending their ties first established through previous MOUs in 2017 and 2022, the automaker said Tuesday. Under the new three-year MOU, the two companies will seek joint [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea’s auto industry breathed a sigh of relief on Wednesday after the United States agreed to lower tariffs on Korean vehicles, a move that removes a major trade irritant and strengthens a deal underpinning Seoul’s $350 billion investment pledge in the American economy. The announcement followed a summit between [...]
SEOUL, Oct. 29 (Korea Bizwire) – Hyundai Motor Co. plans to spotlight its hydrogen fuel-cell technology at the Japan Mobility Show this week as the South Korean automaker pushes to expand in a market long dominated by Toyota. The company said Wednesday it will introduce the latest Nexo hydrogen-powered SUV in Japan in the first half [...]
SEOUL, Sept. 18 (Korea Bizwire) — Thirty years ago, Hyundai Motor Co. was still shedding its image as a latecomer, eager to catch up with established automakers in the United States, Europe and Japan. Today, South Korea’s largest carmaker is aiming to leap ahead, announcing its most ambitious growth strategy yet: a 77.3 trillion won [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts company, said Wednesday it will participate in the upcoming IAA Mobility 2025, Europe’s largest auto show held in Germany, to present its future mobility vision and technologies. The auto parts unit of Hyundai Motor Group will showcase more than 20 technologies [...]
SEOUL, Sept. 1 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. on Monday launched a new public-private consultative body aimed at fostering cooperation in the future mobility sector together with government agencies, businesses and research institutions to address transportation challenges. The launch ceremony for the alliance, named the Next Urban Mobility Alliance (NUMA), was [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s automotive giant Hyundai Motor Group has decided to increase to US$26 billion its investment commitment to the United States over the next four years, with a focus on steel, automobiles and robotics, the group said Tuesday. The investment, which was unveiled following President Lee Jae Myung’s first [...]
SEOUL, Aug. 25 (Korea Bizwire) — Hyundai Motor Co. and its luxury brand Genesis said Monday they have been named leading carmakers in terms of technology experience by U.S. market research firm J.D. Power. Hyundai ranked first for the sixth consecutive year among mass-market brands in the 2025 U.S. Tech Experience Index (TXI) study, scoring [...]
SEOUL, Aug. 22 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. have partnered with South Korea’s leading battery producers — LG Energy Solution Ltd., Samsung SDI Co. and SK On Co. — to advance electric vehicle (EV) safety technologies, the companies said Friday. At Hyundai and Kia’s Namyang research and development (R&D) center in [...]
SEOUL, Aug. 8 (Korea Bizwire) — Hyundai Rotem Co., the rolling stock unit of South Korea’s Hyundai Motor Group, said Friday it has delivered the first batch of trams to the city of Edmonton in Canada under a 2021 supply deal. The initial batch is part of a 218.8 billion-won (US$157.3 million) contract signed in [...]