SEOUL, Nov. 27 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will complete the construction of its new headquarters in Seoul by 2026 after breaking ground early next year. On Tuesday, the Seoul metropolitan government gave permission for the construction of the 105-story Global Business Center (GBC) in southern Seoul after Hyundai Motor agreed [...]
SEOUL/ULSAN, Nov. 26 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Tuesday it will build a US$1.55-billion plant in Indonesia by 2021 to tap deeper in the Southeast Asian markets dominated by Japanese rivals. The investment decision comes as Hyundai Motor is working to explore new markets and secure a new growth driver [...]
SEOUL, Nov. 25 (Korea Bizwire) — Sales of Hyundai Motor Co.’s N performance models have been on the rise in the past three years, helped by racing results and competitive prices, the company said Monday. Hyundai Motor launched the i30 N performance car in June 2017 and the Veloster N in June 2018. Their combined [...]
SEOUL, Nov. 21 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Thursday it has unveiled its Vision T SUV concept at the Los Angeles Auto Show. The unveiling of the SUV concept is in line with Hyundai Motor’s stepped-up efforts to strengthen its SUV lineup amid rising demand for recreational vehicles. Hyundai applied [...]
SEOUL, Nov. 15 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automaker, said Friday it has launched a mobility service venture company in Los Angeles to expand its presence in the future mobility market. Hyundai said MoceanLab will provide mobility services there, starting with its pilot carsharing service. It plans to expand the service [...]
SEOUL, Nov. 12 (Korea Bizwire) – Hyundai Motor Group has developed the world’s very first active noise control technology by using sound waves. South Korea’s top automaker announced on Monday that it has completed a 6-year journey to develop its Road Noise Active Noise Control (RANC) system, which prevents road noise from entering the car. The company [...]
SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Wednesday it will invest in three hydrogen companies in its latest move to boost competitiveness in hydrogen fuel-cell electric vehicles. The three companies are Sweden’s Impact Coatings AB, Israel’s H2Pro and Switzerland’s GRZ Technologies. Hyundai Motor expects its partnerships [...]
SEOUL, Oct. 29 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has debuted a hydrogen-powered truck concept in the United States as part of its efforts to sell its zero-emission trucks in the world’s most important automobile market. Hyundai introduced the HDC-6 Neptune, a hydrogen-powered heavy-duty truck, at the 2019 North American Commercial Vehicle [...]
SEOUL, Oct. 24 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, are on track to achieve their annual sales targets after reporting solid third-quarter figures on a weak won and robust sales of sport-utility vehicles. Hyundai Motor and Kia Motors, which together form the world’s fifth-biggest carmaker by [...]
SEOUL, Oct. 22 (Korea Bizwire) — Hyundai Motor Group will morph into a future mobility solutions provider as many carmakers are expected to disappear amid oversupply and rapidly changing appetites for vehicles, the group’s heir apparent said Tuesday. In a town hall meeting with 1,200 executives and employees at the group’s headquarters in southern Seoul, [...]