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Hyundai Motor Group to Build Infrastructure for Ultra-fast EV Charging Stations

Hyundai Motor Group to Build Infrastructure for Ultra-fast EV Charging Stations

SEOUL, April 21 (Korea Bizwire) — Hyundai Motor Group is joining hands with retail giant Lotte Group and the asset management arm of the KB Financial Group to set up infrastructure for ultra-fast charging stations for electric vehicles (EVs). The three companies signed an agreement to establish a special purpose company (SPC) dedicated to the [...]

Hyundai Motor Group’s Cumulative U.S. Sales of Green Cars Top 500,000

Hyundai Motor Group’s Cumulative U.S. Sales of Green Cars Top 500,000

SEOUL, March 28 (Korea Bizwire) — Hyundai Motor Group’s cumulative sales of eco-friendly vehicles in the United States surpassed the 500,000-unit mark in February, 11 years after its entry into the American market, the group said Monday. The group’s two flagships — Hyundai Motor Co. and Kia Corp. — sold a combined 15,218 environmentally friendly [...]

Hyundai Motor Group’s Key Overseas Units Turn Profit in 2021

Hyundai Motor Group’s Key Overseas Units Turn Profit in 2021

SEOUL, March 21 (Korea Bizwire) — Major overseas units of South Korean automaking titan Hyundai Motor Group were profitable in 2021 on brisk sales of eco-friendly vehicles and increased capacity utilization, company data showed Monday. Hyundai Motor Co., the group’s flagship, said its U.S. production unit swung to a net profit of 237 billion won [...]

Hyundai Launches Campaign to Help Small Merchants Explore New Sales Channels Online

Hyundai Launches Campaign to Help Small Merchants Explore New Sales Channels Online

SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Motor Group has formulated a plan to help small merchants that are suffering from the prolonged COVID-19 pandemic as part of its social contribution program ‘Gift Car.’ The group announced on Tuesday that it will launch the ‘Gift Car On Air’ campaign to help small businesses typically accustomed [...]

Hyundai Motor’s Plan for New Global Business Center at Crossroads

Hyundai Motor’s Plan for New Global Business Center at Crossroads

SEOUL, Jan. 18 (Korea Bizwire) — With increasing uncertainty in the automotive industry as the pandemic drags on, Hyundai Motor Group is facing a dilemma over the construction of its planned Global Business Center (GBC), a life’s dream for honorary chairman Chung Mong-koo. The world’s fifth-largest automotive group is currently split over whether to build [...]

Hyundai Motor Group’s Eco-friendly Car Sales Jump 36 pct in 2020

Hyundai Motor Group’s Eco-friendly Car Sales Jump 36 pct in 2020

SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Motor Group’s environment-friendly vehicle sales in the global market jumped 36 percent to over 500,000 units in 2020 from a year earlier, industry data showed Sunday. Hyundai Motor Co., South Korea’s top automaker, and its affiliate Kia Motors Corp. sold a total of 501,487 units of eco-friendly models, [...]