SEOUL, Jan. 13 (Korea Bizwire) — Hyundai Motor Co. on Wednesday released a teaser for the IONIQ 5, the first all-electric model with its own EV platform called the electric-global modular platform (E-GMP), ahead of its global unveiling next month. The IONIQ 5 midsize crossover vehicle comes with a battery that enables driving over 500 [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday its Avante compact has been named this year’s North American Car of the Year in the passenger car segment. The Avante, the Genesis G80 sedan and the Nissan Sentra sedan advanced to the finalists for the 2021 North American Car of the [...]
SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Group, the world’s fifth-largest automotive group, said Sunday that it will carry out a pilot project to reuse batteries used for electric vehicles (EVs) at solar power plants. The move follows the Ministry of Trade, Industry and Energy’s recent decision to give regulatory exemptions for new business [...]
SEOUL, Jan. 8 (Korea Bizwire) — Shares in Hyundai Motor Co. soared by nearly 20 percent on Friday as the South Korean carmaker is in talks with Apple Inc. for potential partnership in developing electric cars and batteries. Hyundai Motor jumped 19 percent to 246,000 won, far outperforming the broader KOSPI’s 4 percent gain. “We’ve [...]
SEOUL, Jan. 6 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Wednesday their U.S. vehicle sales fell 7.3 percent in 2020 from a year earlier amid the COVID-19 pandemic. Hyundai and Kia, South Korea’s two biggest carmakers, sold a combined 1,208,374 vehicles in the world’s most important automobile market last [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, will build its first overseas hydrogen fuel cell systems plant in China as it seeks to enter the local hydrogen market, industry sources said Tuesday. Hyundai Motor aims to build the hydrogen fuel cell systems plant in Guangzhou within this year as [...]
SEOUL, Jan. 4 (Korea Bizwire) — Hyundai Motor Co. released a video of a light show performed by more than 1,000 drones over downtown Seoul in celebration of the new year to send out a message of hope. The company posted a five-minute video of a ‘2021 Countdown Drone Light Show’ on its official YouTube [...]
SEOUL, Jan. 4 (Korea Bizwire) – Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday they aim to sell a combined 7.08 million vehicles this year by selling more of their SUV models despite the COVID-19 pandemic. The sales target is 11.5 percent higher than 6,350,851 vehicles sold by the country’s two biggest carmakers [...]
SEOUL, Dec. 23 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has acquired General Motors Co.’s auto plant in Russia to step up its vehicle production in the nation. The South Korean automaker finalized the deal in early November to buy the American carmaker’s assembly line in Saint Petersburg, a company spokesperson said, without [...]
SEOUL, Dec. 22 (Korea Bizwire) — About 100 owners of Hyundai Motor Co.’s Kona electric vehicle (EV), for which the South Korean carmaker recently made a recall following a string of fires, are set to file a second class action lawsuit by the end of this month. The Kona EV owners plan to submit a [...]