SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Friday accumulated vehicle production at its U.S. plant has exceeded 5 million units since it began operations in May 2005. Hyundai Motor has produced 2.56 million units of the Sonata sedan, 1.48 million Avante compacts, 900,000 Santa Fe SUVs, 37,000 Tucson SUVs and [...]
SEOUL, Aug. 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their sales jumped 26 percent in the United States last month from a year earlier on strong demand for SUVs. Hyundai Motor and Kia sold a total of 138,599 vehicles in the U.S. last month, up from 110,156 units [...]
SEOUL, Aug. 3 (Korea Bizwire) — Customers are up in arms as a recall of Hyundai Motor Co.’s Kona EV, which sparked controversy over safety following a series of fires, is being delayed. Since March, the company was found to have recalled only 36 percent of 25,083 Kona EVs in the country. At this speed, [...]
SEOUL, Aug. 2 (Korea Bizwire) — Korean automaker Hyundai Motor Co. beat its Japanese rival Toyota to become the world’s largest fuel cell electric vehicle (FCEV) maker in the first half of the year with the release of a facelifted model, industry data showed Monday. Hyundai Motor, the maker of the NEXO SUV, sold about [...]
SEOUL, Aug. 2 (Korea Bizwire) — Half of Hyundai Motor Co.’s IONIQ 5 all-electric car buyers are in their 50s or older, indicating that the customer base is similar to that of its existing vehicles with internal combustion engines. The company analyzed the customer data for 5,700 units of the Ioniq 5 that had been [...]
SEOUL, July 29 (Korea Bizwire) — South Korean automaker Hyundai Motor Group and battery maker LG Energy Solution Ltd. said Thursday they will form a US$1.1 billion joint venture to build an electric vehicle battery plant in Indonesia. Hyundai Motor Group and LG Energy signed a memorandum of understanding with the Indonesian government to build [...]
SEOUL, July 28 (Korea Bizwire) — Hyundai Motor Group’s innovative technology is gaining attention after it was found to have contributed to the South Korean national archery team’s outstanding performance at the Tokyo Olympics, with the team having already won three gold medals. Hyundai’s technological support program started with Jeong Eui-seon, chairman of the Korea [...]
SEOUL, July 27 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. said Tuesday its fleet of 30 Xcient fuel cell trucks will hit roads in California by early 2023, which will be the largest deployment of zero-emission commercial vehicles in the United States. Hyundai Motor said it will team up with public and private [...]
SEOUL, July 22 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s two biggest carmakers, on Thursday reported strong second-quarter earnings on a base effect and strong sales of their high-end SUVs. Hyundai’s net profit for the three months that ended in June jumped to 1.98 trillion won (US$1.7 billion) from [...]
SEOUL, July 19 (Korea Bizwire) — Hyundai Motor Group is beginning test runs for an integrated logistics solution that uses 1-ton Porter electric trucks to deliver food products. Hyundai announced Sunday that it will begin the test run for a food delivery service using electric trucks from July to October. The trial service will be [...]