SEOUL, Feb. 8 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp., the South Korean carmakers that have been leading India’s automobile market, now face a movement for an online boycott after being embroiled in a territorial dispute. Several local netizens are calling on boycotting the two carmakers on Twitter and other social [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States rose 3.1 percent last month from a year earlier on strong demand for their SUV models. Hyundai, Hyundai’s independent Genesis brand, and Hyundai’s affiliate Kia sold a total of 93,998 vehicles in [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday they sold more than 100,000 units of electric vehicles equipped with their own EV platform since April in global markets. Last year, Hyundai Motor launched the Hyundai IONIQ5 and the GV60 SUV under its independent Genesis brand, while Kia [...]
SEOUL, Jan. 27 (Korea Bizwire) — Hyundai Motor Co. reportedly plans to start selling cars again in Japan. The South Korean carmaker is in the final stages of resuming car sales in the Japanese market, with a particular focus on electric vehicles, industry sources said. Hyundai has already unveiled new Japanese pamphlets introducing the Nexo [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday its fourth-quarter net profit plunged 41 percent from a year earlier as extended chip shortages affected vehicle production and sales. Net profit for the three months ended in December came to 701.4 billion won (US$585 million) from 1.183 trillion won a year [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. is holding an unusual promotion event for its all-electric IONIQ 5 in which the model uses its “vehicle-to-load” technology to supply electricity to a small cabin deep in the woods. South Korea’s biggest carmaker recently joined hands with Studio Puisto Architects, a Helsinki architecture studio, to [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it has partnered with U.S. quantum computer firm IonQ for battery development. The partnership will allow Hyundai Motor to use IonQ’s quantum computers to develop more effective car batteries, Hyundai said in a statement. Quantum-powered chemistry simulation is expected to significantly enhance [...]
SEOUL, Jan. 13 (Korea Bizwire) — Hyundai Motor Co. topped the sales charts in Vietnam’s automobile market for the second consecutive year. The Vietnam Automobile Manufacturers’ Association (VAMA) said that Hyundai sold 70,518 cars last year, topping sales charts. Vietnam’s bestselling model was the Vinfast Fadil hatchback with 24,128 cars sold. Total sales reached 304,149 [...]
SEOUL, Jan. 13 (Korea Bizwire) — Genesis, the luxury brand of Hyundai Motor Co., said Thursday it is targeting a 10 percent on-year increase in sales this year spurred by new models. Genesis aims to sell 220,000 units globally in 2022, up from 200,000 sold last year, Hyundai Motor President and CEO Chang Jae-hoon told [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Co. said it aims for half of its U.S. vehicle sales to be environment friendly models by 2030 while planning to produce electric vehicles in the world’s most important automobile market, a company executive has said. Jose Munoz, Hyundai’s global chief operating officer, made the comments in [...]