SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Co. announced on Tuesday the launch of Hyundai Cradle Tel Aviv, an open innovation center, in Israel. Hyundai Cradle will begin making strategic investments in AI startups in Israel and will engage with companies possessing cutting-edge technology. Hyundai Cradle is Hyundai Motor’s third global open innovation center [...]
SEOUL, Nov. 6 (Korea Bizwire) — Hyundai Motor Co. and sister Kia Motors Corp., South Korea’s two leading automakers, are expected to undershoot their sales target this year in light of weak track records so far, industry sources said Tuesday. Hyundai and Kia sold a combined 6.09 million vehicles in the first 10 months of [...]
SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Co. and SK Networks Co. have joined hands to create new infrastructure for the establishment of an electric car charging station. Hyundai revealed yesterday that it had signed an MOU with SK Networks that would make this possible. According to the MOU, Hyundai will develop high-speed electric [...]
SEOUL, Oct. 31 (Korea Bizwire) — Hyundai Motor Group said Wednesday it has developed a solar charging system for vehicles in its ongoing effort to reduce carbon dioxide emissions. The solar charging system, which will be installed on the roof of a vehicle, will help gasoline-powered, electric and environment-friendly models reduce fuel costs, the group [...]
SEOUL, Oct. 29 (Korea Bizwire) — Hyundai Motor Co. has partnered with a Chinese institute to set up a US$100 million fund for local investments in hydrogen technologies and related industrial infrastructure, the company said Monday. Hyundai Motor and the Beijing-Tsinghua Industrial R&D Institute have kicked off the Hydrogen Energy Fund, with venture capitalists from [...]
SEOUL, Oct. 25 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its third-quarter net profit plunged 67 percent from a year earlier due to the strong won and U.S. recall costs. Net profit for the three months that ended on Sept. 30 fell to 305.95 billion won (US$269 million) [...]
SEOUL, Oct. 25 (Korea Bizwire) — The Seoul Metropolitan Government announced on Wednesday that it plans to supply 3,000 additional hydrogen fuel cell cars by 2022 and add four more hydrogen stations by 2021. Hydrogen cars, unlike conventional vehicles, are not equipped with internal combustion engines. As such, hydrogen cars don’t emit air pollutants, but [...]
ULSAN, Oct. 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest automaker, launched a hydrogen bus on a regular route in Ulsan for the first time in the nation after a one-year trial period, the industry ministry said Monday. The hydrogen fuel cell bus began carrying passengers on a 56-kilometer track twice a day [...]
SEOUL, Oct. 10 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Wednesday it has invested in a U.S. neuroscience startup in a move to develop automated vehicles. The strategic investment in Perceptive Automata aims to allow Hyundai Motor to secure artificial intelligence-related technologies which could be utilized in the fields [...]
SOMERVILLE, Mass., Oct. 9 (Korea Bizwire) — Perceptive Automata, the leading provider of human behavior prediction software for machines, announced today that it has raised $16 million in Series A funding. The oversubscribed round was led by JAZZ Venture Partners with participation from Toyota AI Ventures, Hyundai Motor Company, and existing investors First Round Capital [...]