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 [...]
SEOUL, Oct. 24 (Korea Bizwire) — Hyundai Motor Co. on Tuesday began selling refurbished used cars produced by the company and its luxury brand Genesis, with a goal of selling 5,000 certified secondhand models within the year. The company launched its “Hyundai Certified” and “Genesis Certified” initiatives under which customers can purchase secondhand models that [...]
SEOUL, Oct. 23 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest car battery maker, said Monday it will supply batteries for Hyundai Motor Co.’s electric vehicles in a seven-year deal. Samsung SDI signed the deal to provide car batteries to Hyundai Motor’s vehicles to be built in Europe from 2026 through 2032, the company [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it has signed a joint venture deal with Saudi Arabia’s Public Investment Fund (PIF) to build a car assembly plant in the Middle Eastern country. Under the deal signed Sunday in Riyadh, the two sides will jointly invest over US$500 [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Motor Co. said Thursday it plans to launch a program to sell refurbished used cars produced by the company and its luxury brand Genesis, with a goal to sell 5,000 certified secondhand models within the year. Hyundai said it will begin sales of used models next Tuesday under [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Monday launched the N brand’s first all-electric model, the Ioniq 5 N, in the domestic market as it accelerates its transition to a future mobility solutions provider. The Ioniq 5 N, first unveiled at the 2023 Goodwood Festival of Speed in Great Britain [...]