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SK Telecom Develops Combined Heat and Power System for Hyundai Factory

SK Telecom Develops Combined Heat and Power System for Hyundai Factory

SEOUL, Jul. 13 (Korea Bizwire) — SK Telecom revealed yesterday that it had developed two systems for Hyundai Motor’s Ulsan factory, allowing the facility to be more efficient with its energy consumption. One is a combined heat and power system and the other, a factor energy management solution. The combined heat and power system will [...]

Hyundai, Baidu to Strengthen Ties in Connected Cars

Hyundai, Baidu to Strengthen Ties in Connected Cars

SEOUL, Jul. 10 (Korea Bizwire) — South Korea’s Hyundai Motor Group and Chinese internet search behemoth Baidu will strengthen their partnership in developing connected vehicles and related technologies, the company said Tuesday. In their strategic business partnership, Hyundai Motor Group and Baidu will jointly develop connected car services that provide a variety of in-car content [...]

Hyundai Motor’s Market Cap Hits 8-year Low

Hyundai Motor’s Market Cap Hits 8-year Low

SEOUL, Jul. 5 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. has seen its market capitalization touch an eight-year low as slumping global sales pound its share price, data showed Thursday. Shares of Hyundai Motor closed at 119,500 won (US$107) on Wednesday, the lowest closing price since April 19, 2010, according to the [...]

Hyundai Invests in Australian Car Sharing Firm

Hyundai Invests in Australian Car Sharing Firm

SEOUL, Jul. 4 (Korea Bizwire) — Hyundai Motor Co. has landed a partnership with a Sydney-based car sharing start-up to develop a smartphone application that allows for a person-to-person ride sharing service, the company said Wednesday. Under the partnership with Car Next Door, Hyundai Motor aims to launch an app-based “new mobility service” in Australia [...]

Hyundai to Work with Israeli Firm on Connected Cars

Hyundai to Work with Israeli Firm on Connected Cars

SEOUL, Jul. 3 (Korea Bizwire) — Hyundai Motor Co. has invested in an Israeli company to jointly develop a chipset for direct communications with connected vehicles, the company said Tuesday. Hyundai Motor will partner with Autotalks, an Israel-based fabless semiconductor company specializing in vehicle-to-everything (V2X) communications, to “pre-emptively prepare for the era of connected vehicles,” [...]

Hyundai Motor to Develop AI Tech with Chinese Partners

Hyundai Motor to Develop AI Tech with Chinese Partners

SEOUL, Jun. 14 (Korea Bizwire) — Hyundai Motor is set to develop futuristic AI technology for self-driving cars by partnering with Chinese tech companies. At CES Asia 2018 in Shanghai, the largest electronics exhibit in Asia, the Korean carmaker announced a tech partnership with DeepGlint, a Chinese startup specializing in the field of artificial intelligence. [...]

Hyundai to Up Stake in U.S. Wireless Tech Firm

Hyundai to Up Stake in U.S. Wireless Tech Firm

SEOUL, May 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will expand its investment in U.S. wireless technology company Metawave for an improved partnership on autonomous vehicles. Hyundai Motor made an initial investment in Metawave last year in a bid to jointly develop cutting-edge radar technology for autonomous vehicles. This year, it will [...]