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Hyundai Motor Considering Selling Railway Biz Unit

Hyundai Motor Considering Selling Railway Biz Unit

SEOUL, April 20 (Korea Bizwire) — Hyundai Motor Group, South Korea’s largest automotive conglomerate, is mulling the sale of its railway business affiliate, industry sources said Tuesday. The group is considering selling Hyundai Rotem Co.’s loss-making railway business, according to the sources. Hyundai Motor Co., the group’s crown jewel, is the largest shareholder in Hyundai [...]

Hyundai Rotem Train Enters Service in Taiwan

Hyundai Rotem Train Enters Service in Taiwan

SEOUL, April 5 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said its electric trains exported to Taiwan, designed for circular lines, will begin operations Tuesday connecting Keelung and Miaoli stations. The company won a 909 billion won (US$807 million) order from Taiwan to produce 520 electric locomotives [...]

Hyundai Rotem Looks to Hydrogen Equipment for New Growth

Hyundai Rotem Looks to Hydrogen Equipment for New Growth

SEOUL, June 10 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Wednesday it will venture into the hydrogen infrastructure market to secure a new growth driver. Hyundai Rotem plans to supply hydrogen-charging facilities after completing the technology transfer of hydrogen reformers, equipment that extracts hydrogen from natural [...]

Hyundai Rotem, Hyundai Motor to Develop Hydrogen Train by 2020

Hyundai Rotem, Hyundai Motor to Develop Hydrogen Train by 2020

SEOUL, Jun. 10 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s leading railway system and plant equipment maker, said Monday it will work with Hyundai Motor Co. to develop a hydrogen-powered train by 2020. Hyundai Rotem and Hyundai Motor are both affiliates of the country’s top automaker, Hyundai Motor Group. Under the partnership, Hyundai Motor [...]