SEOUL, Oct. 6 (Korea Bizwire) – Hyundai Motor’s sales in Russia have experienced a significant decline for the second consecutive month, sparking renewed speculation about the automaker’s potential withdrawal from the Russian market in the aftermath of the Russia-Ukraine conflict. According to the Association of European Businesses (AEB), Hyundai managed to sell a mere 10 vehicles [...]
SEOUL, Oct. 3 (Korea Bizwire) — Hyundai Motor Co. plans to launch two electric vehicle models in Japan by early next year, as it seeks to increase sales in the Japanese market, according to company officials Tuesday. Hyundai currently sells the Nexo hydrogen fuel-cell electric vehicle and the Ioniq 5 midsize crossover there through an [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will launch the face-lifted GV80 SUV and the first coupe model under its independent Genesis brand in the domestic market next month as it beefs up its lineup. Hyundai Motor launched the first-generation GV80 SUV in January 2020 and has since [...]
MOSCOW/SEOUL, Sept. 25 (Korea Bizwire) — A Russian company will purchase Hyundai Motor Co.’s manufacturing plant in St. Petersburg, which has been dormant since March 2022, Russian media reported Monday citing its industry minister. The deal will include a two-year option for the South Korean automaker to repurchase the facility, according to TASS and RIA [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor Group is using “art cars” to support South Korea’s bid for the 2030 Busan World Expo at the 78th session of the United Nations General Assembly in New York, USA. This important week, starting this Monday, brings together leaders of countries from around the world. It’s the last [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor Group said Wednesday it will speed up the construction of its electric vehicle (EV) and battery plant in the United States to benefit from tax credits for locally produced EVs. Hyundai President and Global Chief Operating Officer Jose Munoz made the remarks in Atlanta after the South [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor Company and its labor union have decided to hire more younger workers for a new electric vehicle factory in Ulsan. Employees in their 20s and 30s will make up 30 percent of the workforce. The new Ulsan EV plant, set to be completed in 2025, will have 30 [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor and Kia Corp. announced on Tuesday the commencement of a navigation solution demonstration project, ‘Universal Mobility 2.0,’ aimed at assisting the movement of vulnerable pedestrians, including the visually impaired, in Singapore. Universal Mobility is a smart city project undertaken by Hyundai and Kia to provide a futuristic urban [...]
SEOUL, Sept. 15 (Korea Bizwire) — The powertrain of Hyundai Motor Co.’s all-electric Ioniq 6 sedan was named one of the 2023 Wards 10 Best Engines & Propulsion Systems on Friday. The annual awards from WardsAuto recognize compelling powertrain advancements that are all-new or significantly improved. The Ioniq 6 was selected for its performance, charging [...]
SEOUL, Sept. 14 (Korea Bizwire) — Hyundai Engineering & Construction Co. (Hyundai E&C) said Thursday it has signed a series of partnership deals with Polish institutions and builders in an effort to tap the country’s nuclear power and infrastructure markets. Hyundai E&C, South Korea’s No. 2 builder, said it inked a memorandum of understanding (MOU) [...]