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Hyundai Motor Chooses to Divest Russian Plant Temporarily Halted Amidst Ukraine Conflict

Hyundai Motor Chooses to Divest Russian Plant Temporarily Halted Amidst Ukraine Conflict

SEOUL, Dec. 19 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest automaker, said Tuesday it decided to sell its Russian manufacturing plant, which has been suspended due to the impact of the Russia-Ukraine war. The company said in a regulatory filing that the sale of Hyundai Motor Manufacturing Rus LLC in Saint Petersburg, Russia, was approved in an extraordinary board meeting held earlier in the day. The board also decided to sell General Motors [...]

Hyundai Motor Signs Preliminary Deal with UAE’s Sovereign Wealth Fund for Eco-friendly, Future Mobility Cooperation

Hyundai Motor Signs Preliminary Deal with UAE’s Sovereign Wealth Fund for Eco-friendly, Future Mobility Cooperation

SEOUL, Dec. 17 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top carmaker, said Sunday it will join hands with the United Arab Emirates’ sovereign wealth fund as part of efforts to strengthen its presence in the eco-friendly and future mobility market. Under the memorandum of understanding, Hyundai Motor and Mubadala Investment Co. will cooperate [...]

Hyundai Motor Partners with University College London for Hydrogen, Electrification Research

Hyundai Motor Partners with University College London for Hydrogen, Electrification Research

SEOUL, Nov. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, said Thursday it has partnered with University College London (UCL) to pursue joint research projects involving carbon-neutral future technologies. Under a memorandum of understanding signed in London on Wednesday (local time), Hyundai and UCL will cooperate in areas of research and development [...]

Hyundai Motor Anticipated to Lead in Profit Generation Among Listed Firms in 2023

Hyundai Motor Anticipated to Lead in Profit Generation Among Listed Firms in 2023

SEOUL, Nov. 16 (Korea Bizwire) –Hyundai Motor Co., South Korea’s top automaker, is expected to post the biggest operating profit among local listed firms in 2023, outstripping perennial leader Samsung Electronics Co., a corporate tracker said Thursday. Samsung Electronics has remained atop the operating income list since 2009, but its operating income is forecast to [...]

Hyundai Motor Breaks Ground on EV Plant in Ulsan with 200,000 Annual Capacity

Hyundai Motor Breaks Ground on EV Plant in Ulsan with 200,000 Annual Capacity

ULSAN, Nov. 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest automaker, held a groundbreaking ceremony Monday for a dedicated electrical vehicle (EV) manufacturing plant in the country’s southeastern industrial city of Ulsan, with a goal of producing 200,000 vehicles annually, starting in 2026. Hyundai will spend 2 trillion won ($1.51 billion) to build [...]

Despite Industry Challenges, Hyundai Ranks Second in U.S. EV Market

Despite Industry Challenges, Hyundai Ranks Second in U.S. EV Market

SEOUL, Nov. 12 (Korea Bizwire) – South Korea’s Hyundai Motor Group stands as the second-largest player in the U.S. market for electric vehicles (EVs) despite concerns surrounding Washington’s protectionism policy, data showed Sunday. Hyundai Motor Co. took up 4.8 percent of the U.S. EV market in the January-September period, with its smaller sister Kia Corp. [...]

Hyundai’s “Pixel by Pixel” Campaign Showcases Timeless Design Fusion in Electric Vehicles

Hyundai’s “Pixel by Pixel” Campaign Showcases Timeless Design Fusion in Electric Vehicles

SEOUL, Nov. 3 (Korea Bizwire) – On Wednesday, Hyundai Motor unveiled a promotional campaign video titled “Pixel by Pixel” to showcase “Pixel Design,” a fundamental element of its electric vehicle design philosophy. The video made its debut on Hyundai’s global YouTube channel and was distributed through digital channels in ten prominent international markets, including the United [...]

LG Electronics to Provide In-vehicle Infotainment System for Genesis Cars

LG Electronics to Provide In-vehicle Infotainment System for Genesis Cars

SEOUL, Nov. 1 (Korea Bizwire) — LG Electronics Co. said Wednesday that it will provide its in-vehicle infotainment system for two models of Hyundai Motor Co.’s luxury brand Genesis. The 2024 Genesis G80 and the new GV80 Coupe will be equipped with LG’s webOS for Automotive platform, streaming a variety of content, including YouTube, from [...]