SEOUL, Aug. 3 (Korea Bizwire) — South Korea’s Hyundai Motor Group will use Qualcomm Technologies, Inc.’s Snapdragon Automotive Cockpit Platforms in the infotainment system for its purpose-built vehicles (PBVs), the U.S. chip company said Thursday. Under the technology collaboration, the Korean automotive group will incorporate the latest Snapdragon solutions in its PBV infotainment system to [...]
SEOUL, Aug. 3 (Korea Bizwire) — Hyundai Motor Group said Thursday it will invest US$50 million in Canadian artificial intelligence (AI) semiconductor startup Tenstorrent as it seeks to integrate AI into its future mobility solutions. Hyundai Motor Co. and its smaller affiliate Kia Corp. will invest $30 million and $20 million, respectively, in Tenstorrent as [...]
SEOUL, Aug. 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their vehicle sales in the United States rose 12 percent in July from a year earlier, helped by robust sales of SUVs and electric vehicles. Hyundai and Kia sold a total of 143,787 vehicles in the U.S. last [...]
SEOUL, July 31 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said they will establish a blockchain-based subcontractor carbon emissions history management automation system (SCEMS) and distribute it for free to their subcontractors. SCEMS is an integrated system that covers the entire process, from raw material procurement to component and vehicle [...]
SEOUL, July 30 (Korea Bizwire) — The combined U.S. market share of Hyundai Motor Co. and its smaller affiliate Kia Corp. inched up in the first half of the year from a year earlier, managing to stay above the 10 percent range amid the recovery in demand and output, data showed Sunday. Their combined share [...]
SEOUL, July 27 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will create a dedicated task force aimed at addressing low birth rate and child-rearing concerns. The dedicated team will develop a comprehensive support plan that covers the entire life cycle of employees, encompassing marriage, pregnancy, childbirth, child-rearing, and schooling. Notably, Hyundai is the first among [...]
SEOUL, July 26 (Korea Bizwire) – South Korea’s Hyundai Motor Co. on Wednesday raised its annual sales and profit guidance for the year after reporting a record operating profit in the second quarter on a weak won and robust sales of high-end models. Hyundai Motor projected its overall sales will grow 14-15 percent this year, [...]
SEOUL, July 26 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched the upgraded Avante N high-performance model in the domestic market as it strives to strengthen its high-end product lineup. The face-lifted sporty sedan comes with an eight-speed wet double-clutch transmission (DCT) and a 2.0-liter turbo flat power engine that can generate 280 horsepower, [...]
SEOUL, July 23 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp.’s electric vehicle (EV) sales rose 5.9 percent in the United States during the January-June period from a year earlier amid accelerating electrification, an industry association said Sunday. Hyundai and Kia sold a combined 46,826 EV models in the first half [...]
SEOUL, July 19 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their vehicle sales in Europe rose 3.3 percent in the January-June period from a year earlier, helped by robust sales of their SUV models. Hyundai and Kia sold a total of 575,432 vehicles in Europe in the first [...]