SEOUL, Dec. 9 (Korea Bizwire) — With financial regulators placing bigger emphasis on strengthening consumer protection, Hyundai Motor Group’s two affiliates have set up a special artificial intelligence (AI)-based system to prevent the so-called ‘incomplete sale’ of financial products. Hyundai Card Co., a leading credit card issuer in South Korea, said Wednesday that it had [...]
SEOUL, Aug. 24 (Korea Bizwire) — With the new ‘contactless’ culture that has settled in with COVID-19, cars are beginning to be sold online, sparking a nationwide controversy as online car shopping is threatening the livelihood of offline dealers. Gwangju Global Motors, a firm jointly established by Hyundai Motor Co. and the southwestern city of [...]
SEOUL, July 29 (Korea Bizwire) — Hyundai Electric & Energy Systems Co. (HE) said Thursday that it has signed a preliminary deal with Hyundai Motor Co. to develop hydrogen fuel cell packages for electricity generation. The hydrogen fuel cell packages will be developed based on Hyundai Motor’s fuel cell for electric vehicles, HE said in [...]
SEOUL, April 27 (Korea Bizwire) — Hyundai Motor Group said Monday that it will begin a four-month trial of M.Vibe, the company’s newest integrated mobility service for electric vehicle (EV) drivers with pets. Customers can book pet medical treatments, beauty salons, and accommodations using M.Vibe, and easily travel with pets onboard a specially designed Kia [...]
SEOUL, March 10 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Wednesday they are targeting a 23 percent on-year gain in China sales this year. Hyundai and Kia aim to sell a combined 817,000 vehicles in China in 2021, up from 664,744 units a year earlier, a Hyundai spokesman said. To help [...]
SEOUL, Feb. 19 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, and Hyundai Construction Equipment Co. (HCE), the country’s No. 2 construction equipment maker, will join hands to develop construction vehicles such as excavators and forklifts powered by hydrogen. The two and Hyundai Mobis Co., the country’s biggest auto parts maker [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s two largest carmakers — Hyundai Motor Co. and Kia Motors Corp. — are highly likely to see their combined auto production in China come below 1 million units this year, the lowest in a decade, as they moved out of the world’s largest auto market to India [...]
SEOUL, May 1 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Wednesday it offered its flagship Palisade sport utility vehicle to K-pop band BTS to use to travel to the Billboard Music Awards. BTS began their trip in a Palisade to travel from Las Vegas McCarran International Airport to the [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. said Thursday it shifted to a net loss for the October-December quarter as a strong Korean currency and weak sales in major markets cut into its bottomline. For the three months that ended on Dec. 31, Hyundai swung to a net loss of 203.3 billion won [...]
SEOUL, Nov. 21 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will supply 30 hydrogen-powered buses to six major South Korean cities next year in a move to promote the zero-emission vehicles. In the pilot project, the 30 environment-friendly hydrogen electric fuel cell buses will be used for public transportation in Seoul, Ulsan, Gwangju, [...]