SEOUL, Aug. 22 (Korea Bizwire) — Hyundai Motor Co. is considering speeding up the construction of its dedicated electric vehicle (EV) plant in the United States amid a new U.S. law excluding EVs built outside North America from tax breaks, industry sources said Monday. Hyundai is considering starting construction of its US$5.54 billion EV and [...]
SEOUL, Aug. 22 (Korea Bizwire) — Hyundai Motor Group and LG Energy Solution (LGES) Ltd. have secured US$710 million in loans and guarantees for their joint project to build a battery cell plant in Indonesia, the companies said Monday. Hyundai and LG will receive the funds from five different international financial firms with a 10-year [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s top carmaker Hyundai Motor Co. is making another offensive in the Chinese auto market through high-end models and differentiated marketing to overcome a recent drop in sales. The company has set up a 300-square-meter exhibition hall in a large mall on the Wangfujing shopping street in Beijing [...]
SEOUL, Aug. 19 (Korea Bizwire) — Hyundai Motor Co. and Konkuk University announced Thursday the opening of Asia’s first canine blood donation center near the university’s veterinary medical teaching hospital. The clinic was set up to resolve the issue of so-called blood supply dogs that are born and raised solely for the purpose of supplying [...]
SEOUL, Aug. 19 (Korea Bizwire) — Motional, a joint venture between Hyundai Motor and Aptiv, announced that it will launch an IONIQ 5 electric vehicle-based self-driving robotaxi service in Las Vegas in collaboration with ride-sharing platform Lyft. The IONIQ 5 robotaxi is mounted with Level 4 self-driving technology. A Level 4 autonomous vehicle means the [...]
SEOUL, Aug. 10 (Korea Bizwire) — U.S. electric vehicle subscription company Autonomy said Tuesday it will buy 3,140 EVs from Hyundai Motor Co. and its affiliate Kia Corp. to strengthen its fleet lineup. On Tuesday (U.S. time), Autonomy placed an official order to receive 1,640 EVs from Hyundai and 1,500 EVs from Kia in a [...]
SEOUL, Aug. 8 (Korea Bizwire) — Hyundai Global Motors (HGM), the Indian unit of South Korean knock-down car manufacturer Global Motors, on Monday disputed a recent Indian court ruling against its alleged trademark violation of Korean auto giant Hyundai Motor Co., claiming it acquired the naming rights through a legal contract. HGM has been accused [...]
SEOUL, Aug. 7 (Korea Bizwire) — Hyundai Motor Co. and its sister automaker Kia Corp. saw their combined exports of eco-friendly vehicles exceed 200,000 for the first time in the first half of this year, industry data showed Sunday. During the January-June period, the two giant carmakers in South Korea sold a combined 224,672 electric, [...]
SEOUL, Aug. 3 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 11 percent last month from a year earlier amid the prolonged global chip shortage. Hyundai, its independent Genesis brand, and Kia sold 128,283 vehicles in the world’s most important automobile market [...]
SEOUL, Aug. 2 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it will ship 27 hydrogen-powered trucks to Germany in its second European export deal for the zero-emission commercial car. Hyundai will supply 27 Xcient hydrogen fuel-cell electric trucks to seven German companies. The German firms will receive local government subsidies for environment-friendly commercial cars, [...]