SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Motor Group said Monday it will set up a US$4 billion joint venture (JV) with Ireland-based autonomous vehicle startup Aptiv next year to develop a self-driving platform. Faced with the spread of protectionism and tougher competition with rivals, the South Korean carmaker has been aggressive in investing in [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s Hyundai Motor Group, a staunch auto manufacturer here, is now undergoing seismic changes on a move to morph into a future mobility solutions provider under its heir apparent’s leadership, by focusing on future vehicles, such as autonomous and connected cars. Executive Vice Chairman Chung Eui-sun, 50, has [...]
SEOUL, Sept. 16 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Monday it has developed an electric bus remote monitoring system that provides real-time information such as vehicle locations and battery levels. The fleet management system for electric buses jointly developed with KT Corp., a major telecommunications company in South Korea, will [...]
SEOUL, Sept. 13 (Korea Bizwire) — Sales of Hyundai Motor Co.’s independent brand Genesis models jumped 57 percent in the United States in the January-August period from a year earlier, the carmaker said Friday. Hyundai sold 13,350 Genesis vehicles in the world’s most important automobile market in the first eight months, up from 8,490 units [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Group, South Korea’s biggest automotive group, said Monday it has invested in Europe’s largest fast electric vehicle (EV) charging service provider to further push up sales of its battery-powered cars in the continent. The group, which owns Hyundai Motor Co. and Kia Motors Corp., signed a deal [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automotive group, said Monday it plans to enter the renewable energy market along with local solar energy firm OCI Co. Under the memorandum of understanding (MOU), Hyundai Motor will install energy storage systems (ESS) at OCI’s solar power stations in South Korea and [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday they’ve sold more than 44,000 electric vehicles (EVs) in the first half of the year, becoming the fifth-largest EV sellers in the world. South Korea’s two largest carmakers under Hyundai Motor Group sold a combined 44,838 EVs in [...]
SEOUL, Sept. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday that their sales in the United States continued to rise on robust sales of SUVs. In August, Hyundai and Kia sold a combined 124,467 vehicles in the U.S., up 12.3 percent from 110,793 units a year earlier, according [...]
SEOUL, Sept. 3 (Korea Bizwire) – Hyundai Motor Co. may get a further profit boost in the second half of the year, as South Korea’s largest automaker averted its chronic labor strike over wages for the year amid increased uncertainty stemming from a slowdown in the global economy and a slump in emerging markets, analysts here said [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will develop 17 commercial electric vehicles by 2025 in the latest move to meet growing demand for environmentally friendly cars. Hyundai Motor plans to add seven all-electric and 10 hydrogen fuel-cell electric models to its commercial car lineup, the company said in a [...]