SEOUL, June 8 (Korea Bizwire) — POSCO International Corp. said Thursday it has clinched an additional contract with Hyundai Motor Co. to supply 2.5 million units of a key auto component for electric vehicles (EVs), raising the total orders from Hyundai to 6.85 million. POSCO Mobility Solution, a subsidiary of POSCO International, will supply the [...]
SEOUL, June 7 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will supply its latest automotive processor to Hyundai Motor Co. for the carmaker’s next-generation in-vehicle infotainment systems. Samsung said the processor, the Exynos Auto V920, will be used in the carmaker’s infotainment system, set to roll out by 2025, in the first collaboration [...]
SEOUL, June 6 (Korea Bizwire) — Hyundai Motor Co. and IKEA Korea announced Monday their joint space marketing exhibition, “Green For-rest,” which will run until Sunday. The exhibition is taking place in the outdoor garden of IKEA Korea’s flagship store in Gwangmyeong, southwest of Seoul, and features eco-friendly Hyundai vehicles alongside IKEA’s home furnishing ideas. [...]
SEOUL, June 2 (Korea Bizwire) — Hyundai Motor Co. on Friday launched the face-lifted Palisade sport utility vehicle in the domestic market ahead of its shipments to the United States and emerging markets later this year. The upgraded Palisade comes with strengthened safety features, including the blind collision warning and rear cross-traffic collision-avoidance assist systems, [...]
SEOUL, June 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 21 percent in May from a year earlier on strong demand for their sport utility vehicles. Last month, Hyundai and Kia sold 141,498 vehicles in the world’s most important automobile market, [...]
SEOUL, June 1 (Korea Bizwire) — Hyundai Motor Group is set to commence the construction of an electric vehicle (EV) battery system plant in Indonesia, investing approximately US$60 million. Indonesia, along with Thailand, is emerging as a significant country in the EV industry within the Association of Southeast Asian Nations (ASEAN) region. While Japanese automakers [...]
SEOUL, June 1 (Korea Bizwire) — Hyundai Motor Group said Thursday it has completed its first overseas hydrogen fuel-cell systems plant in China in a move to make inroads into the local hydrogen vehicle market. In March 2021, Hyundai Motor began construction of the HTWO Guangzhou hydrogen fuel-cell systems plant with an annual capacity of [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s Hyundai Motor Co. and its smaller affiliate Kia Corp. said Friday they have agreed to a US$200 million settlement in a class-action lawsuit filed by U.S. consumers over a series of car thefts of their vehicles. The consumer settlement covers U.S. owners of about 9 million Hyundai [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it will launch the G70 and G70 Shooting Brake upgraded models in the domestic market. Beginning Friday, the G70 sedan will be available with a 2.5-liter gasoline turbocharged engine or a 3.3-liter gasoline turbocharged engine, with the G70 Shooting Brake equipped with [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it will introduce two all-electric models in Japan by early next year in efforts to gain a share in the neighboring market. Hyundai Motor plans to launch the Kona Electric this fall and the high-performance IONIQ 5 N model early next year, [...]