SEOUL, Dec. 21 (Korea Bizwire) — Hyundai Motor Group has developed a mobile application specialized for the automobile industry as part of efforts to promote smooth cooperation between its employees in and outside of South Korea. The company recently announced the launch of an artificial neural network-based translation app H-Translator that enables users to communicate [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Co. said Friday it seeks to raise its stake in its plant in Turkey by acquiring a 27 percent stake held by Kibar Holding in preparation for the post-coronavirus recovery. Early this month, Hyundai Motor submitted documents to the Turkish authorities to buy most of Kibar’s stake [...]
SEOUL, Dec. 17 (Korea Bizwire) — Motional, the Hyundai Motor-Aptiv joint venture, said Thursday it has partnered with U.S. ride-sharing firm Lyft Inc. to launch driverless robotaxi services in major U.S. cities in 2023. Motional said it plans to deploy fully autonomous vehicles, which are based on the Korean automaker Hyundai Motor’s platform, in Lyft’s [...]
SEOUL, Dec. 16 (Korea Bizwire) — Hyundai Motor Group announced on Tuesday that it had developed ‘Little Big e-Motion,’ an innovative electric minicar that employs emotion recognition technology, for use in the treatment of sick children. The mini electric vehicle (EV) features Emotion Adaptive Vehicle Control (EAVC) technology that enables seamless interactions between vehicle and [...]
SEOUL, Dec. 15 (Korea Bizwire) — Hyundai Motor Group, South Korea’s second-largest conglomerate, on Tuesday named the new CEO for its flagship unit in its latest senior executive reshuffle focusing on future growth. The automotive titan promoted Chang Jae-hoon, an executive vice president who led Hyundai Motor Co.’s domestic sales business and its luxury marquee [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. topped the global hydrogen vehicle sales in the first nine months of the year on rising demand for the Nexo model, data showed Monday. In the first nine months, Hyundai Motor sold a total of 4,917 hydrogen fuel cell electric vehicles, accounting for 74 [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Korea’s Hyundai Motor Group said Friday its affiliates and its chairman will buy an 80-percent stake, worth up to 900 billion won (US$828 million), in U.S. robotics firm Boston Dynamics Inc. in the latest move to propel its future mobility business. The board of directors at Hyundai Motor [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it will invest 60.1 trillion won (US$55.5 billion) by 2025 for future mobility to gain a bigger share in the rapidly evolving global automobile markets. Hyundai Motor said it will strengthen its electrified vehicle lineup to compete with its rivals, such as [...]
SEOUL, Dec. 10 (Korea Bizwire) — Hyundai Motor Co. might have to adjust its plans for future mobility services after Uber Technologies Inc. decided to sell the company’s self-driving and air taxi businesses. The U.S. ride-hailing giant reportedly decided to turn over Uber Elevate, the company’s air taxi business, to Joby Aviation, and invest US$75 [...]
SEOUL, Dec. 10 (Korea Bizwire) – It’s important to be in the right market at the right time, and Hyundai Motor Group Chairman Chung Euisun knows it’s time to plug into the future: electric vehicles (EV). Going electric isn’t just an eco-friendly goal but is becoming a new business reality sooner than expected, pressuring the [...]