SEOUL, March 29 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Monday it is considering suspending production at a domestic plant next month due to a global semiconductor chip shortage. Hyundai Motor mulls halting the operation of the No. 1 plant in Ulsan, 414 kilometers southeast of Seoul, which produces the Kona subcompact SUV [...]
SEOUL, March 24 (Korea Bizwire) — Hyundai Motor Co., South Korea’s No. 1 automaker, will explore ways to expand sales of SUVs and revitalize its sluggish Chinese business to improve profitability, its CEO said Wednesday. Hyundai Motor CEO Ha Eon-tae said the company will offer a wider range of value-added SUVs under Hyundai and its [...]
SEOUL, March 23 (Korea Bizwire) — South Korean auto giant Hyundai Motor Group said Tuesday it will establish its own high-speed charging infrastructure under the brand name of “E-pit” for its electric models. Hyundai Motor Group will provide customers of its EV models with fast and convenient services at the E-pit charging stations. They can [...]
SEOUL, March 22 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. will join hands with Woowa Brothers, South Korea’s top food delivery app operator, to develop unmanned delivery robots. The three companies recently signed a memorandum of understanding to start a research and development (R&D) project on robotics mobility and distribution for delivery [...]
SEOUL, March 19 (Korea Bizwire) — The Genesis GV80 sport utility vehicle earned the highest crash safety rating from the Insurance Institute for Highway Safety (IIHS), Hyundai Motor Co. said Friday. The South Korean carmaker produces the luxury SUV and high-end sedans under its independent Genesis brand. The IIHS has added its own seal of [...]
SEOUL, March 18 (Korea Bizwire) — Hyundai Motor Co. said Thursday it has extended its business partnership with Royal Dutch Shell Group through 2026 for cooperation in future mobility solutions. Hyundai Motor has provided Shell’s engine oil products to its global customers since 2005 through joint marketing activities, the company said in a statement. The [...]
SEOUL, March 16 (Korea Bizwire) — Hyundai Motor Group will post improved profitability in 2021 on its diversified lineup and cost reductions, the group’s chairman said Tuesday. In an online townhall meeting with employees, Hyundai Motor Group Chairman Chung Euisun said, “the company’s profitability will improve a lot this year as it made a turnaround [...]
SEOUL, March 11 (Korea Bizwire) — Hyundai Motor Co. on Thursday released a teaser for the all-new minivan Staria ahead of its domestic launch in the first half of this year. The seven-seat multipurpose vehicle will replace the Starex minivan, a company spokesman said. Hyundai expects the Staria will help boost sales due to increasing [...]
SEOUL, March 8 (Korea Bizwire) — How long do you think three treadmills could operate if they were powered by Hyundai Motor Co.’s newest electric vehicle, the IONIQ 5? The South Korean auto giant recently unveiled a video in which Atletico Madrid, a Spanish football club that is officially sponsored by the company, carried out [...]
SEOUL, March 4 (Korea Bizwire) — Hyundai Motor Co. said Thursday it has agreed with LG Energy Solutions Ltd. on their cost sharing ratio for the replacement of LG-made batteries in three Hyundai EV models. Hyundai Motor will take up 30 percent of the replacement costs, with LG Energy making up for 70 percent, a [...]