SEOUL, June 3 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Thursday their combined U.S. sales jumped 65 percent last month, marking record monthly sales for a third straight month on strong sales of their SUV models. Hyundai and Kia sold a total of 170,315 vehicles in [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group’s eco-friendly vehicle exports jumped 46.6 percent in the first four months of this year compared with a year earlier, led by robust demand for its electric vehicle (EVs) and hybrid models, industry data showed Monday. The combined exports of eco-friendly models by the Korean automotive group’s [...]
SEOUL, May 28 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, is seeking to sell an idle plant site in China to a local district government, industry sources said Friday. Hyundai Motor plans to sell the site of the No. 1 Beijing plant, which has been suspended since April 2019, to the Shunyi [...]
SEOUL, May 28 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., the Seoul Museum of Art, and Seoul National University Bundang Hospital are joining hands to develop a self-driving wheelchair. The initiative comes as a part of efforts to assist vulnerable groups using the autonomous wheelchair technology in development by ZER01NE, an open [...]
SEOUL, May 20 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. — South Korea’s top two automakers — reported an over fourfold jump in auto sales in Europe last month compared with a year earlier thanks to a lower base effect and robust demand for eco-friendly models, industry data showed Thursday. The corporate duo [...]
SEOUL, May 18 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. has debuted its all-electric Ioniq 5 in hope of catching up with EV leader Tesla, but its ambitious plan could fizzle out this year with delayed production and rapidly drying-up state subsidies, and more recently its labor union’s opposition to its massive investment [...]
SEOUL, May 17 (Korea Bizwire) — On a quest to accelerate hydrogen mobility-related business, Hyundai Motor Co. is taking one more step towards improving public awareness of the transition towards a hydrogen society. In collaboration with the U.S. media company Bloomberg L.P., Hyundai Motor Group has operated the H2 Economy Campaign since 2019. The campaign [...]
SEOUL, May 16 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Sunday it has signed a deal with the Democratic Republic of Congo to export 500 Palisade sport utility vehicles as part of its export diversification strategy. Of the 500 Palisades, Hyundai shipped 250 units to the African country on Saturday, with [...]
SEOUL, May 14 (Korea Bizwire) — Hyundai Motor Group said Friday it will invest 8.1 trillion won (US$7.4 billion) in the United States by 2025 to produce electric vehicles, improve production facilities and increase its presence in the smart mobility solutions area. Hyundai Motor Co., the flagship of the country’s top automaking group, plans to [...]
SEOUL, May 13 (Korea Bizwire) — Samsung Electronics Co. and Hyundai Motor Co. on Thursday said they will work together to tackle the auto chip shortage that has been disrupting global automakers’ operations in the past few months and is expected to continue down the road. Samsung, the world’s largest memory chipmaker, and the country’s [...]