SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Motor Co.’s Kona Electric vehicle has set a Guinness world record for the highest altitude achieved in an electric car, the company said Friday. The Kona Electric built in Hyundai Motor’s Indian plant reached the Saula Himal peak that is 5,731 meters high, beating the previous record height [...]
SEOUL, Jan. 17 (Korea Bizwire) — The GV80, the first sports utility vehicle (SUV) produced by Hyundai Motor Co.’s Genesis marque, is drawing the attention of even company employees. Hyundai hosted a test drive for all management staff at company headquarters on Thursday. As many as 1,560 employees applied for 160 seats available for the [...]
SEOUL, Jan. 16 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they have invested US$110 million in the U.K.-based electric vehicle startup Arrival as part of their future mobility strategy. Hyundai and Kia have made the investment to jointly develop electric commercial vehicles, such as vans and buses, for [...]
SEOUL, Jan. 15 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it aims to sell 24,000 GV80 models, the first sport utility vehicle under its independent Genesis marquee, in South Korea. The GV80 is the fourth model of the Genesis lineup, which is currently composed of the G70, G80 and G90 sedans. “The Genesis’s first [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday their combined sales in the United States rose 4.6 percent last year, helped by robust sales of SUVs. In 2019, Hyundai and Kia sold a combined 1,304,109 vehicles in the world’s most important automobile market, up 4.6 percent [...]
SEOUL, Jan. 8 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has partnered with Uber Technologies Inc. to foster an urban air mobility service in its latest move to take a lead in the fledgling business. Hyundai Motor and Uber signed a strategic deal, the first of its kind for the U.S. ride-hailing company, [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Tuesday unveiled its personal air vehicle (PAV) concept at the CES tech expo in Las Vegas to promote its smart mobility solutions. Hyundai Motor partnered with U.S. ride-hailing company Uber Technologies Inc. to develop its first concept PAV named the S-A1 capable of [...]
SEOUL, Jan. 6 (Korea Bizwire) — Hyundai Motor Co. said Monday that it sold over 50,000 Palisade sport utility vehicle models in the domestic market last year, helping buoy the carmaker’s annual sales. For the whole of 2019, 52,299 Palisades were sold here following its launch in January, Hyundai sales data showed. Some potential SUV [...]
LOS ANGELES, Jan. 5 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker, has stepped up its car-sharing business in Los Angeles, about two months after entering the market. Last November, Hyundai Motor set up a venture, MoceanLab, to offer mobility services in the U.S. city with 15 Ioniq plug-in hybrid electric vehicles. Hyundai [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Thursday it will invest more than 100 trillion won (US$87 billion) in the next five years to increase its presence in the future mobility markets. “We are planning to launch 44 electrified vehicles, including 11 all-electric models, by 2025, as we aim to [...]