SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will buy a 5 percent stake in Korea Zinc for 530 billion won (US$400 million) in the latest move to secure a stable supply of nickel for its electric vehicles (EVs). The move by HMG Global LLC — a business entity set up [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Co.’s labor and management have made the strategic decision to repurpose a sedan production line in response to the growing demand for SUVs. Sources familiar with the industry confirm that this decision was reached on Tuesday during a meeting of the Employment Security Committee at the carmaker. [...]
SEOUL, Aug. 18 (Korea Bizwire) — Hyundai Motor Co. is offering subsidies to counter the decrease in demand for electric vehicles (EVs), encompassing both reduced charging fees and discounted vehicle prices. Customers who utilize E-Finance, a financial tool tailored for EV purchases, will be eligible for up to 1.6 million credits (equivalent to 1.6 million [...]
SEOUL, Aug. 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has signed a deal to acquire General Motors Co.’s plant in India to strengthen its presence in the rapidly growing automobile market. The acquisition of GM’s Talegaon plant in the western state of Maharash is aimed at preemptively preparing to meet a rising [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co. Said Sunday it is hosting a week-long N Beach event at a cafe near Mangsang Beach in the city of Donghae, Gangwon Province, providing an opportunity to test drive N-brand high-performance vehicles. This marks the second occurrence of such an event, following the one that took [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Monday it has partnered with Chinese electric vehicle (EV) charging service information provider NaaS Technology Inc. for future EV charging business opportunities. Hyundai signed an initial pact with Naas at the Chinese firm’s headquarters in Beijing on Monday to jointly develop customized EV [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it will launch the all-new Santa Fe SUV in the domestic market this week, with the goal of selling 28,000 units this year. The fifth-generation Santa Fe, set to go on sale on Wednesday, will be available with [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, unveiled an electric vehicle adorned with Indonesia’s traditional batik pattern to commemorate the 50th anniversary of diplomatic ties between Seoul and Jakarta. Hyundai Motors Indonesia last week showcased the all-electric Ioniq 5 Batik edition at the Indonesia International Auto Show (GIIAS) in [...]
PAJU, Aug. 10 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it is aiming to sell 28,000 units of the all-new Santa Fe SUV this year after its planned launch later this month. Hyundai Motor has set the sales goal in the domestic market for this year, while planning [...]
SEOUL, Aug. 10 (Korea Bizwire) — Hyundai Motor Co. has bestowed various gifts upon an employee who has eight children, marking the inaugural initiative of the low fertility and childrearing support task force established by the automaker’s labor and management. The representatives from Hyundai’s labor and management on Wednesday visited the company’s Jeonju plant in [...]