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, [...]
SEOUL, Sept. 11 (Korea Bizwire) — Hyundai CRADLE, the venture capital arm of Hyundai Motor Co., has made a strategic investment in Migo, a mobile app for on-demand rides, the South Korean carmaker said Tuesday, the latest in a series of moves to boost its presence in the growing global mobility market. Migo — launched [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hyundai Motor Co. said Monday it has partnered with a Chinese energy group in a commercial vehicle joint venture. At its Seoul headquarters Monday, South Korea’s biggest carmaker by sales signed a “strategic partnership” agreement with Sichuan Energy Industry Investment Group to expand into the Chinese commercial vehicle market, [...]
SEOUL, Aug. 23 (Korea Bizwire) — Hyundai-AUTRON, an electronic control unit developer, on Thursday said it has signed an initial pact with U.S. software firm Wind River to jointly develop software platforms for future vehicles. In the memorandum of understanding (MOU) signed in Seoul, the two sides agreed to cooperate on autonomous driving technologies and [...]
SEOUL, Aug. 20 (Korea Bizwire) — Hyundai Motor Co. said Monday it has invested in Indian car sharing firm Revv to supply it with vehicles and jointly develop new mobility services for Indian customers. Investment in the Delhi-based shared mobility platform is the latest in Hyundai’s series of investments in global car sharing companies as [...]