SEOUL, Dec. 17 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top carmaker, said Sunday it will join hands with the United Arab Emirates’ sovereign wealth fund as part of efforts to strengthen its presence in the eco-friendly and future mobility market. Under the memorandum of understanding, Hyundai Motor and Mubadala Investment Co. will cooperate [...]
SEOUL, Nov. 27 (Korea Bizwire) — Euisun Chung, chairman of South Korea’s Hyundai Motor Group, has been named the auto industry’s leader of the year by U.S. magazine Automotive News, according to the group on Monday. Chung was given the most prestigious honor among 38 key figures within the global automotive industry included in the [...]
SEOUL, Nov. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, said Thursday it has partnered with University College London (UCL) to pursue joint research projects involving carbon-neutral future technologies. Under a memorandum of understanding signed in London on Wednesday (local time), Hyundai and UCL will cooperate in areas of research and development [...]
SEOUL, Nov. 16 (Korea Bizwire) –Hyundai Motor Co., South Korea’s top automaker, is expected to post the biggest operating profit among local listed firms in 2023, outstripping perennial leader Samsung Electronics Co., a corporate tracker said Thursday. Samsung Electronics has remained atop the operating income list since 2009, but its operating income is forecast to [...]
SEOUL, Nov. 14 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has launched a campaign to promote South Korea’s bid to host the 2030 World Expo at this week’s summit gathering of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco. Hyundai said it will mobilize custom-designed units of its electrified Ioniq 5, [...]
ULSAN, Nov. 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest automaker, held a groundbreaking ceremony Monday for a dedicated electrical vehicle (EV) manufacturing plant in the country’s southeastern industrial city of Ulsan, with a goal of producing 200,000 vehicles annually, starting in 2026. Hyundai will spend 2 trillion won ($1.51 billion) to build [...]
SEOUL, Nov. 12 (Korea Bizwire) – South Korea’s Hyundai Motor Group stands as the second-largest player in the U.S. market for electric vehicles (EVs) despite concerns surrounding Washington’s protectionism policy, data showed Sunday. Hyundai Motor Co. took up 4.8 percent of the U.S. EV market in the January-September period, with its smaller sister Kia Corp. [...]
SEOUL, Nov. 3 (Korea Bizwire) – On Wednesday, Hyundai Motor unveiled a promotional campaign video titled “Pixel by Pixel” to showcase “Pixel Design,” a fundamental element of its electric vehicle design philosophy. The video made its debut on Hyundai’s global YouTube channel and was distributed through digital channels in ten prominent international markets, including the United [...]
SEOUL, Nov. 1 (Korea Bizwire) — LG Electronics Co. said Wednesday that it will provide its in-vehicle infotainment system for two models of Hyundai Motor Co.’s luxury brand Genesis. The 2024 Genesis G80 and the new GV80 Coupe will be equipped with LG’s webOS for Automotive platform, streaming a variety of content, including YouTube, from [...]
SEOUL, Oct. 25 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has partnered with the International Union for Conservation of Nature (IUCN) for a forest restoration project in Vietnam. The company’s Vietnamese joint venture HTV and the IUCN, along with Seoul-based development non-governmental organization Good Neighbors International, signed a memorandum of understanding Tuesday for [...]