SEOUL, Jul. 14 (Korea Bizwire) — Recreational vehicles (RVs) accounted for nearly half of South Korean carmakers’ domestic sales in the first half of the year, industry data showed Sunday. In South Korea, SUVs and minivans are included in the RV category. According to the data, the country’s five automakers, including Hyundai Motor Co. and [...]
SEOUL, Jul. 14 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Sunday that, starting from 2021, it will apply an advanced forward collision avoidance system to trucks and vans produced by Hyundai Motor Co. Hyundai Mobis has developed the driver state warning (DSW) system, which detects drowsy driving or lack [...]
SEOUL, Jul. 11 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will test a ‘self-driving robo-taxi’ in Russia it has developed with Russian internet search firm Yandex. Under an initial agreement signed in March, Hyundai and Yandex have developed a driverless riding platform based on Hyundai’s Sonata midsize sedan. They will begin testing 100 [...]
YONGIN, Jul. 11 (Korea Bizwire) — Hyundai Motor Co. said Thursday it is aiming to sell 8,000 units of its all-new entry-level Venue SUV in South Korea this year. The Venue went on sale in the domestic market on Thursday. Hyundai expects the car to further strengthen the Korean carmaker’s SUV lineup, which is composed [...]
GOYANG, Jul. 3 (Korea Bizwire) — Hyundai Motor Group said Wednesday it has developed a new engine technology that sharply enhances vehicle performance and fuel efficiency and reduces gas emissions. Hyundai plans to apply its own continuously variable valve duration (CVVD) system initially in its 1.6-liter turbo GDi engine, which will be installed in the [...]
SEOUL, Jun. 26 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Wednesday it has signed an initial pact with Saudi Arabia’s national oil company, Saudi Aramco, to cooperate on hydrogen energy. On Tuesday, Hyundai Motor Executive Vice Chairman Chung Euisun signed a memorandum of understanding with Ahmad A. Al-Sa’adi, senior vice president [...]
SEOUL, Jun. 24 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Monday it will supply 2,000 Ioniq hybrid vehicles to a Singaporean transportation company by the first half of 2020. The Ioniq gasoline hybrid vehicles will be operated as taxis by ComfortDelGro, a local land transportation giant with business interests in bus, [...]
SEOUL, Jun. 20 (Korea Bizwire) — South Korean carmakers Hyundai Motor Co. and Kia Motors Corp. have garnered the three highest marks in J.D. Power’s annual automotive quality survey, they said Thursday. The companies said they expected the achievements to help boost sales in the United States as J.D. Power’s closely followed Initial Quality Study [...]
SEOUL, Jun. 13 (Korea Bizwire) — Hyundai Motor Group said Thursday it has invested in U.S. self-driving car startup Aurora Innovation to enhance its autonomous vehicle technologies. In the partnership, the South Korean auto group will jointly develop autonomous vehicle technologies in order to come up with an optimal self-driving platform for models produced by [...]
SEOUL, Jun. 11 (Korea Bizwire) — Robust sales of new sport-utility vehicle models will buoy stocks of Hyundai Motor Co., analysts said Tuesday, expecting the South Korean carmaker to rack up growth of over 20 percent in its second-quarter operating profit. Shares in Hyundai Motor closed at a 52-week high of 143,500 won (US$121) on [...]