SEOUL, May 12 (Korea Bizwire) — Hyundai Motor Co. is set to carve a dominant niche in the thriving Indian auto market. The automaker announced on Thursday that it had signed a memorandum of understanding (MOU) with the Tamil Nadu State Government to inject 200 billion rupees (US$2.43 billion) into the country’s economy over the [...]
SEOUL, May 11 (Korea Bizwire) — Hyundai Motor Co. has partnered with relevant authorities to promote carbon reduction and respond to climate change through the restoration of marine ecosystems. The carmaker said Wednesday it has signed a memorandum of understanding (MOU) with the Ministry of Oceans and Fisheries and the Korea Fisheries Resources Agency to [...]
SEOUL, May 4 (Korea Bizwire) — Hyundai Motor Co. on Wednesday unveiled a large hydrogen fuel cell truck model at the Advanced Clean Transportation (ACT) Expo 2023 being held in Anaheim, California. The newly-unveiled XCIENT Fuel Cell tractor weighs 37.2 tons and was developed to target the North American market, where long-distance truck transportation is [...]
SEOUL, April 26 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. has announced plans to produce clean hydrogen using biogas from sewage waste. The company announced on Tuesday that it had signed a business agreement with the city government of Cheongju in North Chungcheong Province and the Institute for Advanced Engineering. The agreement [...]
SEOUL, April 25 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday its first-quarter net profit jumped 92 percent from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March rose to 3.42 trillion won (US$2.56 billion) from 1.78 trillion won during the same [...]
SEOUL, April 20 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will develop a moon-exploration mobility “Rover” as it seeks to morph into a future mobility solutions provider. In July last year, Hyundai Motor signed a memorandum of understanding with the country’s six aviation research institutes, including the Korea Aerospace Research Institute and the [...]
SEOUL, April 18 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Tuesday they aim to revive lackluster sales in China by launching new models in the world’s biggest automobile market this year. The two South Korean carmakers still suffer weak sales in China due to the lingering impact of a [...]
SEOUL, April 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Thursday launched the Kona Electric compact crossover in the domestic market as it strives to beef up its electric vehicle lineup. The all-new Kona Electric comes with a 64.8 kilowatt-hour battery pack and can travel up to 417 kilometers on a single charge, [...]
SEOUL, April 6 (Korea Bizwire) — Hyundai Motor Co. said Thursday its all-electric IONIQ 6 sedan has been named 2023 World Car of the Year at the New York International Auto Show. It is the second straight win for the South Korean carmaker, with the pure electric IONIQ 5 SUV taking the award last year. [...]
SEOUL, April 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday their combined sales in the United States rose 18 percent in the first quarter from a year earlier on robust sales of SUVs and eco-friendly models. Hyundai and Kia sold 382,354 vehicles in the world’s most important automobile market [...]