SEOUL, May 12 (Korea Bizwire) — Hyundai Motor Co. sold more than 500,000 units of vehicles under its independent Genesis brand since its launch five years ago, the company said Wednesday. Hyundai sold 378,999 Genesis vehicles in the domestic market and 121,192 units overseas since November 2015, the company said in a statement. The Genesis [...]
SEOUL, May 11 (Korea Bizwire) — Hyundai Motor Co. has launched a new service in which the company will pick up, charge and wash a customer’s electric vehicle (EV). The South Korea’s largest automaker said Monday that it launched the ‘pickup & charging’ service for owners of the IONIQ 5, Kona Electric and IONIQ Electric [...]
SEOUL, May 4 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Tuesday it will launch the Genesis brand in Europe this summer to gain a share in the high-end and electric vehicle markets. Hyundai Motor will initially launch the G80 sedan and the GV80 SUV in European markets, such as Germany, Britain and [...]
SEOUL, May 4 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. slipped to second place in the fuel cell electric vehicle (FCEV) market in the first quarter as Japanese rival Toyota clinched the top rank with the release of a new model, industry data showed Tuesday. Global FCEV sales jumped 89.2 percent on-year to [...]
SEOUL, May 4 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Tuesday their combined U.S. sales more than doubled in April from a year earlier on robust demand for their SUV models. Hyundai and Kia sold a total 147,700 vehicles in the United States last month from [...]
SEOUL, April 29 (Korea Bizwire) – The buyers of Hyundai Motor Co.’s IONIQ 5 all-electric car could face lack of state subsidies for EV purchases as a global chip shortage affects the model’s production, industry sources said Thursday. Hyundai began the delivery of the IONIQ 5 on Thursday but still lacks traction motors essential to [...]
SEOUL, April 27 (Korea Bizwire) — Hyundai Motor Co. on Tuesday unveiled the Kona N high-performance model as it strives to strengthen its high-end product lineup. The Kona N is the first SUV model to be launched under the carmaker’s high-performance N brand. The model comes with an eight-speed dual-clutch transmission and a 2.0-liter turbocharged [...]
SEOUL, April 26 (Korea Bizwire) — Office workers at Hyundai Motor Group began the process to set up a union to seek higher wages and better working conditions, the company said Monday. Nonmanufacturing employees at South Korea’s leading carmaker have submitted documents to the Ministry of Employment and Labor to build their own union, separately [...]
SEOUL, April 23 (Korea Bizwire) — Hyundai Motor Co. said Thursday that it will begin offering services for corporate customers that purchase an electric vehicle (EV) guaranteeing all processes including installing, using, repairing, and returning charging stations. The ‘EV Charging Solution’, made possible through an agreement with sTraffic Co., a local train charging infrastructure developer, [...]
SEOUL, April 22 (Korea Bizwire) — Hyundai Motor Co. said Thursday its first-quarter net profit nearly tripled compared to a year earlier on a base effect and an improved product mix. Net profit for the three months that ended in March soared to 1.52 trillion won (US$1.36 billion) from 552.68 billion won a year ago, [...]