SEOUL, Mar. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can travel up [...]
SEOUL, Feb. 23 (Korea Bizwire) — The head of Hyundai Motor Co., South Korea’s leading automaker, recently visited Brazil and has pledged to invest $US1.1 billion in the South American nation by 2032, according to the company Friday. During a courtesy call to Brazilian President Luiz Inacio Lula da Silva in Brasilia on Thursday, Euisun [...]
SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Thursday its January sales rose 1.8 percent from a year earlier helped by strong overseas demand. Hyundai Motor sold 315,555 vehicles in January, up from 310,123 units a year earlier, the company said in a statement. Overseas sales rose 2.8 percent [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s top carmaker Hyundai Motor Co. said Tuesday it has sold one of its plants in China as part of a business reorganization strategy in the world’s biggest auto market. Beijing Hyundai Motor, Hyundai’s joint venture with China’s Beijing BAIC Motor, sold the Chongqing plant to an industrial [...]
SEOUL, Jan. 3 (Korea Bizwire) – In a remarkable performance, Hyundai Motor Co., South Korea’s largest carmaker, reported a 6.9 percent surge in 2023 sales compared to the previous year. Bolstered by the introduction of new sport utility vehicle models and eco-friendly cars, Hyundai Motor achieved a total sales figure of 4,216,680 vehicles, showcasing the [...]
SEOUL, Jan. 3 (Korea Bizwire) — The head of Hyundai Motor Group, South Korea’s top carmaker, said Wednesday it will step up innovations in vehicle electrification and robotics this year, as the auto conglomerate seeks to promote sales of electric vehicles (EVs). Euisun Chung, Hyundai Motor Group executive chairman, made the remarks as he delivered [...]
SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Motor Co.’s Grandeur sedan has led South Korea’s hybrid car market in terms of sales throughout most of 2023, industry data showed Friday. According to the Korea Automobile Manufacturers Association, Grandeur’s hybrid variant sold 57,107 units during the January-November period of this year, representing 198.8 percent sales growth [...]
SEOUL, Dec. 21 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading car maker, has decided to end operations of its parts forging plants in Ulsan, according to industry sources Thursday. The company plans to end operations of two forging plants in Ulsan, about 300 kilometers southeast of Seoul, with one closing in January and [...]
SEOUL, Dec. 21 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Thursday it will reveal its future blueprint for hydrogen energy, software and artificial intelligence at next month’s CES 2024. Hyundai Motor shared a teaser image for its media event scheduled to be held Jan. 8 at the Mandalay Bay Convention Center [...]
SEOUL, Dec. 19 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest automaker, said Tuesday it decided to sell its Russian manufacturing plant, which has been suspended due to the impact of the Russia-Ukraine war. The company said in a regulatory filing that the sale of Hyundai Motor Manufacturing Rus LLC in Saint Petersburg, Russia, was approved in an extraordinary board meeting held earlier in the day. The board also decided to sell General Motors [...]