SEOUL, Sept. 6 (Korea Bizwire) — Hyundai Motor Co.’s average sales price for its vehicles has increased sharply in South Korea over a span of one-and-a-half years, a report showed Sunday, on the back of its new luxury models. The average sales price (ASP) of Hyundai vehicles in South Korea was 33.4 million won (US$28,100) [...]
SEOUL, Sept. 4 (Korea Bizwire) — China, for the first time since banning foreigners from entering the country in March following the coronavirus outbreak, has allowed a chartered plane to land in Beijing. Hyundai Motor Group was approved by the Chinese government to land three chartered planes carrying 600 people at Beijing Capital International Airport [...]
SEOUL, Aug. 20 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Thursday it has partnered with a think tank and a company in Australia to jointly develop hydrogen production technology. Hyundai signed an initial contract with the Commonwealth Scientific and Industrial Research Organization (CSIRO) and Fortescue Metal Group Ltd. (FMG) to collaborate [...]
SEOUL, Aug. 17 (Korea Bizwire) — Hyundai Motor Co.’s premium Genesis overtook Daimler’s Mercedes-Benz as the top-selling luxury brand in the first seven months of this year in South Korea, industry data showed Monday. If the trend continues, Genesis will regain its top spot in local luxury vehicle sales for the first time in four [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co. said Friday its compact Kona Electric sport utility vehicle has set a record travel range on a single battery charge in Germany. The Kona Electric traveled 1,026 kilometers on a single charge in a test at the EuroSpeedway Lausitz, a racetrack in the northern region of [...]
SEOUL, Aug. 12 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Wednesday it has given the name Motional to its US$4 billion joint venture with Ireland-based self-driving technology startup Aptiv. In March, Hyundai set up the 50:50 joint company with Aptiv, to be headquartered in Boston, in order to test [...]
SEOUL, Aug. 10 (Korea Bizwire) — Hyundai Motor Co. said Monday it will launch three all-electric models under its EV brand IONIQ by 2024 to gain a share in the rapidly growing EV market. The first model to be released under the IONIQ EV brand will be the Ioniq 5 crossover utility vehicle, the company [...]
SEOUL, Aug. 8 (Korea Bizwire) — Shares in Hyundai Motor Co. are set to further build up gains after a climb for five consecutive sessions on expectations that its new models set to debut in the United States later this year will help improve sales, analysts said. Hyundai shares jumped 16 percent in the first [...]
SEOUL, Aug. 6 (Korea Bizwire) — Hyundai Motor Co. will work with a British partner to build urban air mobility (UAM) infrastructure, South Korea’s leading carmaker said Thursday. The deal with Urban-Air Port calls for close cooperation in the building of facilities that can handle takeoff and landings of future personal air vehicles (PAVs) as [...]
SEOUL, Aug. 6 (Korea Bizwire) — Prime Hyundai, a Hyundai Motor Co. dealership in Brazil, recently hired an adorable full-time employee which has become a hot issue there. The adorable full-time employee is an abandoned dog, which is now beloved by many of the shop’s customers. The abandoned dog was named Tucson Prime. The dealership, [...]