SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it overtook China’s Wuling Motors Holdings Ltd. to claim the biggest market share in Indonesia’s electric vehicle (EV) market in the first seven months of the year. Hyundai Motor sold 3,913 EVs in Indonesia between January and July, already exceeding the 2,028 [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s Hyundai Motor Group and LG Energy Solution Ltd. said Friday they will invest 5.7 trillion won (US$4.3 billion) in a battery cell plant in the United States in the latest move to better deal with the Inflation Reduction Act (IRA) amid growing demand for electric vehicles. The [...]
SEOUL, May 5 (Korea Bizwire) — Hyundai Motor Group on Thursday unveiled the software-defined vehicle (SDV) technology featured in Kia Corp.’s all-electric EV9 flagship SUV. The automotive group posted a new YouTube video which showed that the EV9′s over-the-air (OTA) software update system will now cover not only core parts of the vehicle but also [...]
SEOUL, April 18 (Korea Bizwire) — The South Korean government announced on Tuesday that it will engage in discussions with its American counterparts to ensure that Korean companies can benefit from the Inflation Reduction Act (IRA) policy in the future. This comes in response to Hyundai and Kia’s exclusion from the list of electric vehicles [...]
SEOUL, Jan. 27 (Korea Bizwire) — A Seattle City attorney has filed a lawsuit against Hyundai Motor Co. and its affiliate Kia Corp. for the lack of anti-theft technology in some of their models, the carmakers said Friday. In the suit filed in the federal court, Seattle City Attorney Ann Davison argued the carmakers’ failures [...]
SEOUL, Dec. 12 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. have broken the 200,000 mark in cumulative electric vehicle (EV) sales in the European Union, industry data showed Sunday. According to the European Automobile Manufacturers’ Association (ACEA), Kia had sold 200,984 EVs in the European market as of late October 2022. [...]
SEOUL, Nov. 11 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday they will expand a self-driving ride-hailing pilot service in Seoul’s Gangnam neighborhood as a way to further upgrade their complete self-driving technology. In collaboration with Kakao Mobility Corp., more vehicles will be added to the pilot RoboRide autonomous service, [...]
SEOUL, Oct. 21 (Korea Bizwire) — Hyundai Motor Co. said Thursday that it will supply eco-friendly cars to FIFA for a successful 2022 Qatar World Cup. The South Korean carmake will send 446 passenger vehicles and 170 commercial vehicles, 236 of which are eco-friendly models, in promotion of a zero-carbon football championship. It will the [...]
SEOUL, Oct. 18 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday they reflected 2.9 trillion won (US$2 billion) worth of provisions in their third-quarter earnings results, a move that could weigh on their September quarter bottom lines. Hyundai and Kia put aside the provisions — 1.36 trillion won and 1.54 [...]
SEOUL, Sept. 19 (Korea Bizwire) — South Korea’s Hyundai Motor Group reached a double-digit market share in the auto market in Britain for the first time in 40 years. In the January-August period, Hyundai Motor Co. and its smaller affiliate Kia Corp.’s market share in Britain marks at 12.3 percent, up by 3.4 percentage points [...]