SEOUL, Nov. 29 (Korea Bizwire) – In a groundbreaking reveal that is expected to herald a complete paradigm shift in vehicle propulsion, Hyundai and Kia have revealed a new drive system that integrates essential vehicle components within the wheel. This innovation liberates the space between the wheels, allowing for the implementation of novel designs or the [...]
SEOUL, Nov. 23 (Korea Bizwire) – Thanks to record-breaking earnings, Hyundai Motor and Kia Corp. have surpassed Samsung Electronics in charitable donations so far this year, marking a historic first. According to CEO Score, which monitors corporate management activities, a total of 264 out of the country’s top 500 firms by sales collectively donated 1.4 trillion [...]
SEOUL, Nov. 22 (Korea Bizwire) — Hyundai Motor Group’s autonomous vehicle joint venture in the United States plans to manufacture its self-driving electric vehicles in the group’s newly launched innovation hub in Singapore, the company said Wednesday. Motional, the joint venture established between Hyundai and U.S. mobility startup Aptiv in 2020, will produce its all-electric [...]
SEOUL, Nov. 17 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday they have unveiled their latest electric vehicle (EV) units and concept models under way at the 2023 Los Angeles Auto Show as the companies strengthen their electric portfolios. Hyundai debuted the Ioniq 5 N, the first high-performance EV model [...]
SEOUL, Nov. 15 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung has been awarded the honor of Commander of the Most Excellent Order of the British Empire (CBE) for his contributions to the strengthening of economic and cultural ties between South Korea and Britain, the company said Wednesday. Chung received the medal from [...]
SEOUL, Nov. 14 (Korea Bizwire) – Hyundai Motor announced on Monday that its Elantra N TCR (domestically known as the Avante N TCR) clinched the top spot in the second-last race of the 2023 TCR World Tour, held at the Mount Panorama Motor Racing Circuit in Bathurst, Australia, from November 10 to 12. Norbert Michelisz, a [...]
SEOUL, Nov. 6 (Korea Bizwire) – Hyundai Motor executives recently took the unconventional step of test-driving a Tesla electric car and other luxury models from various manufacturers, garnering considerable attention in the process. This departure from the norm is indicative of Hyundai Motor Group Chairman Chung Eui-sun’s strong belief that the company should prioritize building cars [...]
SEOUL, Nov. 3 (Korea Bizwire) – In this year’s Best Apartment Brand rankings, Hillstate by Hyundai E&C has claimed the top position. According to the 2023 Best Apartment Brand survey conducted by Real Estate R114 and Hankook Research, involving 4,029 adults nationwide from October 4 to 17, Hillstate has secured first place in the overall rankings, [...]
SEOUL, Oct. 30 (Korea Bizwire) – Hyundai is on the cusp of achieving double-digit market share in the U.S. electric vehicle (EV) segment. It’s intriguing to observe whether Hyundai can solidify its position as a pioneer in the American transition to electrification. During the third quarter of this year, Hyundai successfully sold 21,638 electric vehicles in [...]
SEOUL, Oct. 20 (Korea Bizwire) — Hyundai Motor Group on Friday unveiled a goal to sell over 550,000 vehicles annually in the Middle East by 2030, with the aim of acquiring a 20 percent share of the regional market. The group said in its newly announced mid- to long-term business vision for the Middle East [...]