SEOUL, Oct. 25 (Korea Bizwire) — Hyundai Motor Group is considering raising the speed limit imposed on its first Level 3 autonomous driving vehicle, which is expected to be released soon. The carmaker will release the new G90 sedan under the independent Genesis brand later this year, which is expected to be equipped with its [...]
SEOUL, Oct. 24 (Korea Bizwire) — Hyundai Motor Co. on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 percent on-year decline in third-quarter net profit on provisions involving engine-related services. The South Korean carmaker expected its on-year revenue will grow by 19-20 percent this year, which is higher than [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, on Wednesday unveiled the design of the all-new Grandeur sedan ahead of its launch next month. The new Grandeur will be available with a 2.5-liter gasoline direct injection (GDI) engine, a 3.5-liter GDI engine, a 3.5-liter liquid petroleum injection engine, or a [...]
SEOUL, Oct. 11 (Korea Bizwire) — South Korea’s Hyundai Motor Co. beat its Japanese rivals to top global hydrogen vehicle sales during the January-August period, a market research firm said Tuesday. Hyundai Motor sold 7,410 hydrogen fuel-cell electric vehicles (FCEVs) in global markets in the eight-month period, jumping 26 percent from 5,873 units sold during [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Wednesday its vehicle sales in the United States rose 4.4 percent last month from a year earlier despite the extended chip shortage. Hyundai, its affiliate Kia Corp. and Hyundai’s independent Genesis brand sold a combined 120,642 vehicles in the world’s most important automobile [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. saw their electric vehicle (EV) sales in the United States sink in September from a month earlier amid worries over the potential impact from a new U.S. law disadvantaging EV makers that do not produce the green vehicles in America, company data showed [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Friday it has received the 2022 Red Dot Design Concept Luminary award for its hydrogen fuel-cell trailer drone concept. The unmanned, hydrogen-powered trailer drone concept beat all of its rivals to edge out a win in the Red Dot Design Concept awards this [...]
SEOUL, Sept. 29 (Korea Bizwire) — Hyundai Motor Co. on Thursday introduced a self-driving, artificial intelligence (AI)-based robot shuttle for testing in Pangyo, Gyeonggi Province. The trial implements Level-4 autonomous driving technology, which doesn’t require a driver. The carmaker is offering the shuttle service by remodeling two Solati minivans and merging them with Shucle, a [...]
SEOUL, Sept. 28 (Korea Bizwire) — The EV-only powertrain on Hyundai Motor Co.’s all-electric IONIQ 5 was named one of the Wards 10 Best Engines & Propulsion systems, the company said Wednesday. The IONIQ 5 was selected for its performance, charging capability, range and price, Hyundai Motor said in a statement. The South Korean carmaker [...]
SEOUL, Sept. 22 (Korea Bizwire) — Hyundai Motor Co. is stepping up efforts to create more forests to protect biodiversity as well as to better respond to the climate crisis. The South Korea’s biggest carmaker said Wednesday it will create a new forest with a size of about 16,000 square meters in Hongcheon County, Gangwon [...]