SEOUL, Sept. 7 (Korea Bizwire) — With Hyundai Motor Co. and affiliate Kia Corp.’s sedan sales plunging to a new low, South Korea’s automobile market is now being driven by SUV sales. Data from the month of August showed that sedan and hatchback sales accounted for a mere 33.9 percent (31,179 vehicles) of all car [...]
SEOUL, Sept. 6 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it will raise the ratio of electrified vehicles to 80 percent by 2040 in global sales. All-electric and hydrogen fuel-cell electric vehicles currently account for a mere 1.5 percent of Hyundai’s global sales, and it initially aims to raise the [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Thursday their U.S. sales fell 4.5 percent in August from a year earlier due to a lack of semiconductor parts. Hyundai and Kia sold a combined 110,209 vehicles last month, down from 115,376 units a year earlier, according to the companies’ [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Group’s independent Genesis brand said Thursday it will launch only hydrogen fuel cell or battery-powered vehicles from 2025 in line with its rival carmakers’ electrification push. The Genesis brand will complete its lineup with eight hydrogen and battery models by 2030 and aims to sell 400,000 units [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s Hyundai Motor Co. topped global hydrogen fuel-cell electric vehicle sales in the January-July period, a market research firm said Wednesday. Hyundai sold a total of 5,300 units of hydrogen-powered vehicles in the first seven months, beating Toyota Motor Corp. and Honda Motor Co., which sold 4,100 and [...]
SEOUL, Sept. 1 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, on Wednesday unveiled the mini SUV Casper in the latest move to diversify its product lineup. The Casper comes with a 1.0-liter multi-point injection engine or a 1.0-liter gasoline direction injection engine, the company said in a statement. Hyundai plans to launch [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korea’s Hyundai Motor Group on Tuesday unveiled the IONIQ 5-based self-driving robo taxi ahead of its showcase at the IAA Mobility 2021 in Munich next week. Hyundai Motor Group and Motional, the Hyundai-Aptiv joint venture, have jointly developed the IONIQ 5 robo taxi with the Level 4 autonomous [...]
SEOUL, Aug. 31 (Korea Bizwire) — Hyundai Motor Group’s Honorary Chairman Chung Mong-koo will donate 10 billion won (US$8.6 million) to a vaccine development center run by a local university to help fight the new coronavirus pandemic, the company said Tuesday. Chung Euisun, chairman of the South Korean automotive group, attended a signing ceremony for [...]
SEOUL, Aug. 23 (Korea Bizwire) — South Korean automaker Hyundai Motor Co.’s electric vehicle (EV) sales increased in the first half of the year compared with a year ago, but its global market share fell in the face of toughening competitions with Chinese rivals, industry data showed Monday. Hyundai Motor was in sixth place in [...]
SEOUL, Aug. 19 (Korea Bizwire) — Genesis, the independent luxury brand of Hyundai Motor Co., on Thursday unveiled the design of its first all-electric GV60 ahead of its launch later this year. The GV60 is Genesis’ first-ever EV based on the same electric-global modular platform (E-GMP) as the Hyundai IONIQ 5 and Kia EV6, and [...]