SEOUL, July 15 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Friday it will launch its first all-electric high-performance IONIQ 5 N model in the domestic market next year. Hyundai has strengthened the high-performance N brand and the N Line brand to compete with its bigger rivals in terms of performance cars. The N [...]
BUSAN, July 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Thursday unveiled its second dedicated EV model IONIQ 6 at the Busan International Motor Show ahead of its local launch in September. The IONIQ 6 is the second model embedded with Hyundai Motor Group’s EV-only electric-global modular platform (E-GMP) following the IONIQ 5, [...]
SEOUL, July 12 (Korea Bizwire) — Management and unionized workers of South Korea’s top automaker Hyundai Motor Co. reached a tentative wage deal on Tuesday, averting a labor strike for the fourth consecutive year. The two sides agreed to a 98,000 won (US$74.80) increase in basic monthly pay, the construction of a new electric vehicle [...]
SEOUL, July 12 (Korea Bizwire) — Hyundai Motor Co. said Monday it is currently running a driving rehabilitation program for persons with disabilities as part of its creating shared value (CSV) project for sustainable management. The carmaker developed a virtual driving simulator jointly with the Citizens’ Coalition for Safety and Inno Simulation for the program. [...]
SEOUL, July 8 (Korea Bizwire) — Hyundai Motor Co. said Thursday that it will host a long-distance cycling competition on Sept. 24 and 25. The contest, dubbed “Hyundai N Cycling Festival,” is the first cycling event organized by the carmaker. About 30 cycle club members will participate in a ‘four in one’ team format. They will [...]
SEOUL, July 7 (Korea Bizwire) — Hyundai Motor Co. said Wednesday that its second dedicated EV model IONIQ 6 achieved a drag coefficient of 0.21, the lowest among its car models. A lower drag coefficient indicates the object will have less aerodynamic drag, enabling more efficient driving. A car’s drag coefficient has an impact on [...]
SEOUL, July 4 (Korea Bizwire) — South Korean top carmaker Hyundai Motor Co. has officially scrapped a plan to build a liquefied natural gas (LNG)-powered thermal power plant that it had pursued as part of a carbon neutral strategy. The company said it had mulled over constructing an LNG power plant to reduce carbon emissions [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. saw their sales in the United States fall 12.7 percent on-year in the first half of the year due to a slowdown and a chip shortage, the companies said Saturday. Hyundai and Kia sold a combined 702,875 vehicles in the [...]
SEOUL, July 1 (Korea Bizwire) — Hyundai Motor Group and the renowned Rhode Island School of Design (RISD) on Thursday announced a research collaboration under the theme of sustainable future design. This research collaboration represents their third joint study following research into future mobility in 2020 and future cities in 2021. This year, four teams [...]
SEOUL, June 30 (Korea Bizwire) — Hyundai Motor Group said Thursday it is setting up a new investment affiliate in the United States, in a follow-up to its pledge to invest US$10.5 billion in the world’s largest economy. The new affiliate, tentatively named HMG Global, will be established in Delaware and funded by Hyundai’s three [...]