SEOUL, Oct. 31 (Korea Bizwire) — Hyundai Motor Group said Wednesday it has developed a solar charging system for vehicles in its ongoing effort to reduce carbon dioxide emissions. The solar charging system, which will be installed on the roof of a vehicle, will help gasoline-powered, electric and environment-friendly models reduce fuel costs, the group [...]
SEOUL, Oct. 29 (Korea Bizwire) — Hyundai Motor Co. has partnered with a Chinese institute to set up a US$100 million fund for local investments in hydrogen technologies and related industrial infrastructure, the company said Monday. Hyundai Motor and the Beijing-Tsinghua Industrial R&D Institute have kicked off the Hydrogen Energy Fund, with venture capitalists from [...]
SEOUL, Oct. 25 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its third-quarter net profit plunged 67 percent from a year earlier due to the strong won and U.S. recall costs. Net profit for the three months that ended on Sept. 30 fell to 305.95 billion won (US$269 million) [...]
SEOUL, Oct. 25 (Korea Bizwire) — The Seoul Metropolitan Government announced on Wednesday that it plans to supply 3,000 additional hydrogen fuel cell cars by 2022 and add four more hydrogen stations by 2021. Hydrogen cars, unlike conventional vehicles, are not equipped with internal combustion engines. As such, hydrogen cars don’t emit air pollutants, but [...]
ULSAN, Oct. 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest automaker, launched a hydrogen bus on a regular route in Ulsan for the first time in the nation after a one-year trial period, the industry ministry said Monday. The hydrogen fuel cell bus began carrying passengers on a 56-kilometer track twice a day [...]
SEOUL, Oct. 10 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Wednesday it has invested in a U.S. neuroscience startup in a move to develop automated vehicles. The strategic investment in Perceptive Automata aims to allow Hyundai Motor to secure artificial intelligence-related technologies which could be utilized in the fields [...]
SOMERVILLE, Mass., Oct. 9 (Korea Bizwire) — Perceptive Automata, the leading provider of human behavior prediction software for machines, announced today that it has raised $16 million in Series A funding. The oversubscribed round was led by JAZZ Venture Partners with participation from Toyota AI Ventures, Hyundai Motor Company, and existing investors First Round Capital [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean auto giant Hyundai Motor Co. is considering building a local driving center to offer customers opportunities to experience its vehicles, the company said Friday. At the Paris Motor Show, Vice President Thomas Schemera in charge of Hyundai’s performance-oriented cars unit said the company has a plan to [...]
SEOUL, Sept. 18 (Korea Bizwire) — Hyundai Motor Company revealed yesterday the launch of a campaign to help financially-challenged car owners by repairing vehicles that may be on their last legs. According to the new campaign, people owning Hyundai vehicles can write to the car producer explaining why they were unable to better maintain their [...]
SEOUL, Sept. 7 (Korea Bizwire) — U.S. activist fund Elliott Management has further tightened the screws on Hyundai Motor Group, calling on the South Korean automaker to adopt a fresh restructuring plan. Raising objections to Hyundai’s earlier plan to streamline its ownership structure, the U.S. entity has called for it to adopt a holding company [...]