SEOUL, May 10 (Korea Bizwire) — Hyundai Motor Co. is building a combined heat and power (CHP) plant fired by liquefied natural gas (LNG) at its mainstay plant in Ulsan, 414 km southeast of Seoul, to generate its own electricity. The carmaker recently submitted plans to Ulsan’s Buk District Office, which were posted as an [...]
SEOUL, April 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. — South Korea’s two biggest carmakers — said Thursday they have unveiled their face-lifted SUV models amid robust demand for SUVs at the New York International Auto Show this week. Hyundai revealed the upgraded Palisade SUV at the show ahead of [...]
SEOUL, April 5 (Korea Bizwire) — Electric vehicles (EVs) now account for more than 20 percent of Hyundai Motor Co.’s sales in the European market. The carmaker said it sold a total of 57,842 units in Europe in the first two months of this year, of which EVs accounted for 11,532 units. The share of [...]
SEOUL, March. 11 (Korea Bizwire) — Hyundai Motor Group, the South Korean automotive group which has Hyundai Motor Co. and Kia Corp. under its wing, received a failing grade in U.S. marketing information service firm’s customer service satisfaction study. According to the J.D. Power U.S. Customer Service Index (CSI) Study, Hyundai, Kia, along with Hyundai’s [...]
SEOUL, Dec. 9 (Korea Bizwire) — With financial regulators placing bigger emphasis on strengthening consumer protection, Hyundai Motor Group’s two affiliates have set up a special artificial intelligence (AI)-based system to prevent the so-called ‘incomplete sale’ of financial products. Hyundai Card Co., a leading credit card issuer in South Korea, said Wednesday that it had [...]
SEOUL, Aug. 24 (Korea Bizwire) — With the new ‘contactless’ culture that has settled in with COVID-19, cars are beginning to be sold online, sparking a nationwide controversy as online car shopping is threatening the livelihood of offline dealers. Gwangju Global Motors, a firm jointly established by Hyundai Motor Co. and the southwestern city of [...]
SEOUL, July 29 (Korea Bizwire) — Hyundai Electric & Energy Systems Co. (HE) said Thursday that it has signed a preliminary deal with Hyundai Motor Co. to develop hydrogen fuel cell packages for electricity generation. The hydrogen fuel cell packages will be developed based on Hyundai Motor’s fuel cell for electric vehicles, HE said in [...]
SEOUL, April 27 (Korea Bizwire) — Hyundai Motor Group said Monday that it will begin a four-month trial of M.Vibe, the company’s newest integrated mobility service for electric vehicle (EV) drivers with pets. Customers can book pet medical treatments, beauty salons, and accommodations using M.Vibe, and easily travel with pets onboard a specially designed Kia [...]
SEOUL, March 10 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Wednesday they are targeting a 23 percent on-year gain in China sales this year. Hyundai and Kia aim to sell a combined 817,000 vehicles in China in 2021, up from 664,744 units a year earlier, a Hyundai spokesman said. To help [...]
SEOUL, Feb. 19 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, and Hyundai Construction Equipment Co. (HCE), the country’s No. 2 construction equipment maker, will join hands to develop construction vehicles such as excavators and forklifts powered by hydrogen. The two and Hyundai Mobis Co., the country’s biggest auto parts maker [...]