SEOUL, June 15 (Korea Bizwire) — Hyundai Motor Co. on Monday suspended production lines for its flagship sport utility vehicle model Palisade and the GV80 under its independent Genesis brand due to parts supply problems. Hyundai already suspended two assembly lines at the No. 2 plant in Ulsan, 414 kilometers southeast of Seoul, and one [...]
SEOUL, June 15 (Korea Bizwire) — Sales of environmentally friendly vehicles sold by Hyundai Motor Co. and its affiliate Kia Motors Corp. have remained robust this year, data showed on Monday, with the ratio of such vehicles exceeding 7 percent of their total sales. Hyundai and Kia sold a combined 160,082 eco-friendly vehicles in global [...]
SEOUL, June 9 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Tuesday their combined electric vehicle sales jumped 58 percent in the January-May period from a year earlier on demand from Europe. Hyundai and Kia sold 40,182 all-electric vehicles in the first five months, up from 25,454 units in the [...]
SEOUL, June 3 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has opened the country’s first charging station for hydrogen-powered commercial vehicles in South Korea. Hyundai established the charging station at its Jeonju plant, 240 kilometers south of Seoul. It is the carmaker’s first charging station for hydrogen-powered commercial cars and its ninth hydrogen [...]
SEOUL, June 1 (Korea Bizwire) — A growing number of South Koreans are purchasing convenience and function-enhancing parts and components when they buy a new car. Hyundai Motor Co., South Korea’s biggest carmaker by sales, announced on Saturday that its tuning brand TUIX saw sales quintuple from 16.9 billion won (US$13.7 million) in 2015 to [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group, South Korea’s leading carmaker, said Sunday that it has joined hands with local solar cells and modules manufacturer Hanwha Q Cells to develop energy storage system (ESS) with used electric vehicle (EV) batteries. Under the memorandum of understanding, the two sides will cooperate to find a [...]
SEOUL, May 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday all of their overseas plants will be in operation next week amid signs of the coronavirus epidemic passing its peak. Currently, Kia’s plant in Mexico is the only overseas manufacturing facility which is still suspended to manage inventories. [...]
SEOUL, May 13 (Korea Bizwire) — The heirs apparent of South Korea’s top two family-run conglomerates had a rare meeting Wednesday to discuss possible cooperation in the electric vehicle (EV) business. Samsung Group Vice Chairman Lee Jae-yong exchanged views on Samsung’s development of new all-solid-state battery technology and its future with Hyundai Motor Group Executive [...]
SEOUL, May 12 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it will build charging facilities for hydrogen buses at Incheon International Airport, the country’s main gateway, by March 2021. Hyundai Motor will also provide hydrogen buses to the Incheon airport, and French company Air Liquide SA, the world’s biggest supplier of industrial gases, will [...]
SEOUL, May 11 (Korea Bizwire) — With a growing number of people focusing on virus-proofing their cars following the coronavirus outbreak, Hyundai Motor Group has developed solutions for disinfecting a car’s interior including the use of UV lights and the introduction of detachable seat covers. South Korea’s top automaker announced Sunday that it is introducing various [...]