SEOUL, Nov. 14 (Korea Bizwire) — Hyundai Motor Group said Monday it has signed an initial pact with Indonesia for an air mobility partnership in the Southeast Asian country’s capital relocation project. The South Korean carmaker signed a memorandum of understanding (MOU) with the Nusantara Capital City Authority, fully in charge of the relocation project, [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Monday it is targeting to sell more than 120,000 units of the all-new Grandeur sedan in the domestic market by the end of 2023. Hyundai will begin to sell the seventh-generation Grandeur, the first fully revamped model in six years, in Korea on [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Sunday it has signed a deal with an Indonesian aluminum company to secure a stable supply of the key material required in electric vehicle manufacturing. Hyundai Motor signed a memorandum of understanding with PT Adaro Minerals Indonesia Tbk for the partnership during the [...]
SEOUL, Nov. 8 (Korea Bizwire) — Hyundai Motor Group said Tuesday it has signed an initial pact with a Chinese investment bank to push forward its commercial car business in the world’s biggest automobile market. Hyundai Motor Group China has signed a memorandum of understanding with the CICC Capital Management (CCM) department, an affiliate of [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s Hyundai Motor Co. topped sales charts in the global hydrogen vehicle market during the January-September period, a market research firm said Thursday. SNE Research reported that 14,400 hydrogen fuel-cell electric vehicles (FCEVs) were sold worldwide in the nine-month period, up 10.1 percent from last year. Hyundai, led [...]
SEOUL, Nov. 2 (Korea Bizwire) — Hyundai Motor Group said Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the extended chip shortage. Hyundai Motor Co., its independent Genesis brand, and Hyundai’s smaller affiliate Kia Corp. sold a combined 123,233 vehicles in the world’s most [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s Hyundai Motor Group is agonizing over the Russian market amid the prolonged Ukraine war. Hyundai Motor Co. and its affiliate Kia Corp. still remain silent about the potential of withdrawing from the Russian market. “The volatility of the Russian business could deepen and the Russian car market [...]
SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Group on Monday unveiled the results of its study on the future of cities featuring an organic connection of mobility, logistics, energy and nature through a virtual exhibition. The group developed the HMG Smart City reference model in collaboration with HyunJoon Yoo Architects. The reference model offers [...]
SEOUL, Oct. 28 (Korea Bizwire) — Hyundai Motor Co. on Friday opened up South Korea’s first moving hydrogen charging station in Seoul’s Gwangjin District. The mobile station is set up on top of a 25-ton Xcient hydrogen fuel-cell electric truck. It comes with all of the core facilities of a hydrogen fueling station — a [...]
SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Motor Group unveiled the electrified Genesis G80 limousine, the official escort vehicle for the upcoming G20 summit scheduled for next month in Bali, Indonesia. Hyundai held a ceremony on Tuesday in Jakarta to deliver the vehicles. The company sent 44 units of long wheel-based G80, 87 units of [...]