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Hyundai IONIQ 5 Set to Log Solid Sales

Hyundai IONIQ 5 Set to Log Solid Sales

SEOUL, Feb. 26 (Korea Bizwire) — Hyundai Motor Co.’s IONIQ 5 all-electric model is receiving strong responses in the domestic market, with its first-day preorders exceeding 23,000 units, the country’s top automaker said Friday. Hyundai started receiving orders for the IONIQ 5 midsize crossover utility vehicle Thursday well ahead of the model’s launch in the [...]

Hyundai to Replace Batteries in Some 82,000 Kona, Other EVs over Fire Risks

Hyundai to Replace Batteries in Some 82,000 Kona, Other EVs over Fire Risks

SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will replace batteries in some 82,000 Kona EV and two other electric vehicles sold globally due to potential fire risks, which could cost about 1 trillion won (US$899.7 million). Hyundai will begin the replacement of the battery management system (BMS) in 75,680 Kona [...]

Hyundai Motor’s Honorary Chairman to Relinquish All Directorship Positions at Affiliates

Hyundai Motor’s Honorary Chairman to Relinquish All Directorship Positions at Affiliates

SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Group said Monday its honorary chairman will step down from all management positions at affiliates next month after 20 years of efforts to improve the carmaker’s brand awareness and product quality. Hyundai Motor Group Honorary Chairman Chung Mong-koo will step down from his executive director position on [...]