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 [...]
LOS ANGELES, March 2 (Korea Bizwire) — South Korea’s leading automaker Hyundai Motor Co. saw its U.S. sales drop nearly 9 percent in February from a year earlier due to bad weather, company data showed Tuesday. Hyundai Motor sold 48,333 vehicles last month, down 8.8 percent from a year earlier, according to the data from Hyundai [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Group said Tuesday it will build its first overseas hydrogen fuel-cell systems plant in China by next year to make inroads into the local hydrogen vehicle market. Hyundai Motor began construction of the HWO Gwangzhou hydrogen fuel-cell systems plant with an aim to initially produce 6,500 units [...]
SEOUL, Feb. 28 (Korea Bizwire) — Hyundai Motor Co.’s preorders of its IONIQ 5 all-electric model in Europe showed a solid start, with the carmaker selling 3,000 units in advance orders. According to Hyundai’s affiliates in Europe, about 10,000 people applied to buy the electric car in preorders for the IONIQ 5, the first model [...]
SEOUL, Feb. 26 (Korea Bizwire) — Hyundai Motor Co.’s IONIQ 5 all-electric model is receiving strong responses in the domestic market, with its first-day preorders exceeding 23,000 units, the country’s top automaker said Friday. Hyundai started receiving orders for the IONIQ 5 midsize crossover utility vehicle Thursday well ahead of the model’s launch in the [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korean automaking giant Hyundai Motor Group said Thursday it has earned the most Top Safety Pick awards from the Insurance Institute for Highway Safety (IIHS). Hyundai Motor Co., Hyundai’s independent brand Genesis and affiliate Kia Corp. received 12 Top Safety Pick (TSP) and five Top Safety Pick+ (TSP+) [...]
SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will replace batteries in some 82,000 Kona EV and two other electric vehicles sold globally due to potential fire risks, which could cost about 1 trillion won (US$899.7 million). Hyundai will begin the replacement of the battery management system (BMS) in 75,680 Kona [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korean auto giant Hyundai Motor Co. on Tuesday unveiled the IONIQ 5, the first model embedded with its own electric vehicle platform, as it strives to morph into a future mobility solutions provider. The IONIQ 5 midsize crossover utility vehicle is the first model equipped with Hyundai Motor [...]
SEOUL, Feb. 23 (Korea Bizwire) — Motional, a joint venture between Hyundai Motor and Aptiv, said Tuesday it has tested self-driving vehicles on public roads in the United States, becoming one of the world’s first companies to achieve Level 4 autonomy. The Boston-based company said it tested multiple autonomous vehicles with and without a safety [...]
SEOUL, Feb. 23 (Korea Bizwire) – Hyundai Motor Co.’s luxury car brand Genesis said Monday that it will diversify its monthly car subscription service in light of the price range and type of vehicle by adding a new option that allows users to subscribe to only one type of car. Genesis Spectrum, launched in 2018, is the country’s [...]