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Hyundai Motor’s January Sales Rise by 1.8% Driven by Strong Overseas Demand

Hyundai Motor’s January Sales Rise by 1.8% Driven by Strong Overseas Demand

SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Thursday its January sales rose 1.8 percent from a year earlier helped by strong overseas demand. Hyundai Motor sold 315,555 vehicles in January, up from 310,123 units a year earlier, the company said in a statement. Overseas sales rose 2.8 percent [...]

Hyundai Drives Success in 2023 as South Korean Carmakers Surpass 8 Million Units in Combined Sales

Hyundai Drives Success in 2023 as South Korean Carmakers Surpass 8 Million Units in Combined Sales

SEOUL, Jan. 3 (Korea Bizwire) – In a remarkable performance, Hyundai Motor Co., South Korea’s largest carmaker, reported a 6.9 percent surge in 2023 sales compared to the previous year. Bolstered by the introduction of new sport utility vehicle models and eco-friendly cars, Hyundai Motor achieved a total sales figure of 4,216,680 vehicles, showcasing the [...]

Hyundai Motor Group Chief Vows Innovations in Vehicle Electrification in 2024

Hyundai Motor Group Chief Vows Innovations in Vehicle Electrification in 2024

SEOUL, Jan. 3 (Korea Bizwire) — The head of Hyundai Motor Group, South Korea’s top carmaker, said Wednesday it will step up innovations in vehicle electrification and robotics this year, as the auto conglomerate seeks to promote sales of electric vehicles (EVs). Euisun Chung, Hyundai Motor Group executive chairman, made the remarks as he delivered [...]

Hyundai Motor’s Grandeur Leads Domestic Hybrid Market in Jan.-Nov.: Association

Hyundai Motor’s Grandeur Leads Domestic Hybrid Market in Jan.-Nov.: Association

SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Motor Co.’s Grandeur sedan has led South Korea’s hybrid car market in terms of sales throughout most of 2023, industry data showed Friday. According to the Korea Automobile Manufacturers Association, Grandeur’s hybrid variant sold 57,107 units during the January-November period of this year, representing 198.8 percent sales growth [...]

Hyundai Motor Chooses to Divest Russian Plant Temporarily Halted Amidst Ukraine Conflict

Hyundai Motor Chooses to Divest Russian Plant Temporarily Halted Amidst Ukraine Conflict

SEOUL, Dec. 19 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest automaker, said Tuesday it decided to sell its Russian manufacturing plant, which has been suspended due to the impact of the Russia-Ukraine war. The company said in a regulatory filing that the sale of Hyundai Motor Manufacturing Rus LLC in Saint Petersburg, Russia, was approved in an extraordinary board meeting held earlier in the day. The board also decided to sell General Motors [...]

Hyundai Motor Signs Preliminary Deal with UAE’s Sovereign Wealth Fund for Eco-friendly, Future Mobility Cooperation

Hyundai Motor Signs Preliminary Deal with UAE’s Sovereign Wealth Fund for Eco-friendly, Future Mobility Cooperation

SEOUL, Dec. 17 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top carmaker, said Sunday it will join hands with the United Arab Emirates’ sovereign wealth fund as part of efforts to strengthen its presence in the eco-friendly and future mobility market. Under the memorandum of understanding, Hyundai Motor and Mubadala Investment Co. will cooperate [...]