SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Monday it ranked third in first-half global vehicle sales on increased high-end model sales despite the lack of automotive chips. Hyundai Motor Co., its independent Genesis brand and Hyundai’s smaller affiliate Kia Corp. sold a total of 3.299 million vehicles in global markets [...]
SEOUL, Aug. 12 (Korea Bizwire) — Hyundai Motor Group said Friday it will spend US$424 million to build an artificial intelligence (AI) research center in the United States to bolster its edge in robotics technology, an area it cites as a key future growth driver. Hyundai Motor Co., Kia Corp. and Hyundai Mobis Co. — [...]
SEOUL, Aug. 8 (Korea Bizwire) — Hyundai Motor Group’s cumulative sales of eco-friendly vehicles surpassed the 1 million mark in July, 13 years after its entry into the green-car market, data showed Monday. The automaking giant said its two carmaking affiliates — Hyundai Motor Co. and Kia Corp. — sold a combined 29,484 environmentally-friendly vehicles [...]
SEOUL, May 24 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Tuesday it will invest 63 trillion won (US$49.8 billion) in its domestic businesses by 2025 in the latest move to become a future mobility solutions provider. The group’s three major affiliates — Hyundai Motor Co., Kia Corp. and Hyundai Mobis Co. –will make [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Wednesday it will invest 21 trillion won (US$16.5 billion) to expand its domestic electric vehicle production capacity and develop related technologies by 2030. Hyundai Motor Co. and its affiliate Kia Corp. will spend most of the planned investments in expanding their existing EV [...]
SEOUL, May 10 (Korea Bizwire) — Small-sized trucks like the Porter and Bongo have emerged as Hyundai Motor Group’s best-selling models this year. Hyundai Motor Co. sold 8,423 units of Porter at home last month, making the truck its best-selling model, while sister company Kia Corp. sold 6,402 units of Bongo, also ranking as the [...]
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 [...]
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 [...]
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 [...]
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 [...]