SEOUL, Jan. 27 (Korea Bizwire) — Hyundai Motor Co. reportedly plans to start selling cars again in Japan. The South Korean carmaker is in the final stages of resuming car sales in the Japanese market, with a particular focus on electric vehicles, industry sources said. Hyundai has already unveiled new Japanese pamphlets introducing the Nexo [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday its fourth-quarter net profit plunged 41 percent from a year earlier as extended chip shortages affected vehicle production and sales. Net profit for the three months ended in December came to 701.4 billion won (US$585 million) from 1.183 trillion won a year [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. is holding an unusual promotion event for its all-electric IONIQ 5 in which the model uses its “vehicle-to-load” technology to supply electricity to a small cabin deep in the woods. South Korea’s biggest carmaker recently joined hands with Studio Puisto Architects, a Helsinki architecture studio, to [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it has partnered with U.S. quantum computer firm IonQ for battery development. The partnership will allow Hyundai Motor to use IonQ’s quantum computers to develop more effective car batteries, Hyundai said in a statement. Quantum-powered chemistry simulation is expected to significantly enhance [...]
SEOUL, Jan. 13 (Korea Bizwire) — Hyundai Motor Co. topped the sales charts in Vietnam’s automobile market for the second consecutive year. The Vietnam Automobile Manufacturers’ Association (VAMA) said that Hyundai sold 70,518 cars last year, topping sales charts. Vietnam’s bestselling model was the Vinfast Fadil hatchback with 24,128 cars sold. Total sales reached 304,149 [...]
SEOUL, Jan. 13 (Korea Bizwire) — Genesis, the luxury brand of Hyundai Motor Co., said Thursday it is targeting a 10 percent on-year increase in sales this year spurred by new models. Genesis aims to sell 220,000 units globally in 2022, up from 200,000 sold last year, Hyundai Motor President and CEO Chang Jae-hoon told [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Co. said it aims for half of its U.S. vehicle sales to be environment friendly models by 2030 while planning to produce electric vehicles in the world’s most important automobile market, a company executive has said. Jose Munoz, Hyundai’s global chief operating officer, made the comments in [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Group is expected to achieve 3 million units in accumulated environment-friendly vehicle sales in the first half, driven by new models, industry sources said Sunday. The South Korean automotive group, which has Hyundai Motor Co. and Kia Corp. under its wing, sold a cumulative 2.53 million eco-friendly [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Friday it has signed an initial agreement with a Singaporean company for partnership in the metaverse platform business. Hyundai Motor has signed a memorandum of understanding (MOU) with Singapore-based three-dimensional contents developing and operating platform firm Unity to establish a future metaverse platform [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Group Chairman Chung Euisun and honorary group chief Chung Mong-koo sold their combined 10 percent stake in Hyundai Glovis to the global private equity firm Carlyle Group, the logistics unit of the group said Wednesday. The junior Chung sold a 3.29 percent stake and his father unloaded [...]