SEOUL, June 9 (Korea Bizwire) — Hyundai Motor Co. said Thursday the ongoing truckers’ strike is affecting production at its main domestic plants, which are already suffering from a global chip shortage. About 8,100 out of 22,000 members of the Cargo Truckers Solidarity joined the third day of the strike that began Tuesday, the transport [...]
SEOUL, June 6 (Korea Bizwire) — Hyundai Motor Co. said Monday the accumulated sales of its independent Genesis brand models exceeded 700,000 units last month despite the prolonged chip shortage. The South Korean carmaker sold 699,751 Genesis vehicles, including 188,547 overseas sales, from its launch in November 2015 to end-April this year, according to Hyundai’s [...]
SEOUL, June 3 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States fell 31 percent last month from a year earlier amid the prolonged chip shortage. Hyundai and Kia sold 117,373 vehicles in the world’s most important automobile market in May compared with 170,315 [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Co. said Monday it will set up a Hyundai Motor Studio on mobile-based metaverse platform Zepeto to provide a variety of content about mobility life. The carmaker set up a virtual Hyundai Motor Studio in Zepeto’s Downtown, which depicts the actual Hyundai Motor Studio in Seoul. The [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Co. announced that the company’s high-performance N models completed the 2022 ADAC Total 24 Hour Race on Saturday and Sunday at the the circuits of Nurburgring in Germany. Hyundai’s Elantra N TCR and i30N TCR participated in the TCR class and the i30N Cup Car competed in [...]
SEOUL, May 26 (Korea Bizwire) — Hyundai Motor Group on Wednesday held the Advanced Air Mobility (AAM) Tech Day 2022 at the Hyundai Motor Studio in Goyang, northwest of Seoul, inviting some 100 aviation specialists, professors and college students. AAM combines Hyundai’s original plans for urban air mobility (UAM) with regional air mobility (RAM). At [...]
SEOUL, May 25 (Korea Bizwire) — Hyundai Motor Group has launched a string of pilot projects to ensure better prediction of an electric vehicle (EV)’s battery lifespan by creating digital twins of actual electric vehicles. The group said Tuesday it has carried out a proof of concept for the development of an EV battery lifespan [...]
SEOUL, May 22 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Sunday it will invest an additional US$5 billion in the United States for robotics and autonomous driving software development, just a day after announcing a similar size investment to build an electric vehicle plant in the U.S. Hyundai Motor Group Chairman Euisun Chung [...]
SEOUL, May 21 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Saturday it will invest US$5.54 billion to build a dedicated electric vehicle and car battery manufacturing plant in the United States to further solidify its electrification push in the world’s most important automobile market. The announcement comes as U.S. President Joe Biden is [...]
SEOUL, May 18 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. said Wednesday it will launch the upgraded Palisade SUV in the domestic market this week amid the prolonged global chip shortage. The face-lifted Palisade comes with a 3.8-liter gasoline engine or a 2.2-liter diesel engine, and is priced at 39 million won-52 million [...]