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 [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Group is expected to achieve 3 million units in accumulated environment-friendly vehicle sales in the first half, driven by new models, industry sources said Sunday. The South Korean automotive group, which has Hyundai Motor Co. and Kia Corp. under its wing, sold a cumulative 2.53 million eco-friendly [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Friday it has signed an initial agreement with a Singaporean company for partnership in the metaverse platform business. Hyundai Motor has signed a memorandum of understanding (MOU) with Singapore-based three-dimensional contents developing and operating platform firm Unity to establish a future metaverse platform [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Group Chairman Chung Euisun and honorary group chief Chung Mong-koo sold their combined 10 percent stake in Hyundai Glovis to the global private equity firm Carlyle Group, the logistics unit of the group said Wednesday. The junior Chung sold a 3.29 percent stake and his father unloaded [...]
SEOUL, Jan. 5 (Korea Bizwire) — A racing simulator developed by Hyundai Motor Co. for the purpose of exhibitions and testing turned out to be effective in the rehabilitation process for patients with brain injuries. The carmaker entered a partnership with Beata María Ana Hospital in Spain last October to provide racing simulators for the [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. has announced its “metamobility” concept, where robotic devices interact with humans to provide a variety of mobility services, at the Consumer Electronics Show (CES) under way in the United States. Hyundai Motor Group Chairman Euisun Chung made a briefing on Tuesday (U.S. time) on how its [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States spiked 19 percent in 2021 from a year earlier despite the prolonged pandemic and chip shortages. The corporate duo sold a total of 1.44 million vehicles in the world’s most important automobile [...]
SEOUL, Dec. 28 (Korea Bizwire) — Hyundai Motor Group is speeding up the shift towards electrification by abolishing the engine development center within its research and development (R&D) headquarters. According to industry sources, the group carried out a top-to-bottom restructuring of its R&D headquarters by transitioning the existing powertrain organization into an electrification development unit [...]
SEOUL, Dec. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Thursday it will unveil its future mobility vision based on robotics technologies at an upcoming international consumer electronics event in the United States, reflecting its drive for a transition into an advanced mobility service provider. Under the theme of “Expanding Human [...]