SEOUL, Sept. 10 (Korea Bizwire) – Hyundai Motor Company strengthened its bid for the 2024 World Rally Championship (WRC) title with a dominant performance at the Acropolis Rally Greece, the tenth event of the season. The South Korean automaker announced on September 9 that its team achieved a remarkable 1-2-3 finish, marking its fourth victory of [...]
SEOUL, Aug. 30 (Korea Bizwire) – In response to slowing electric vehicle (EV) adoption, Hyundai Motor has unveiled a new strategy centered on hybrid vehicles (HEVs) and extended-range electric vehicles (EREVs) to navigate the current market challenges. The South Korean automaker presented its updated mid-to-long-term strategy, dubbed Hyundai Way, during its 2024 CEO Investor Day on [...]
SEOUL, Aug. 23 (Korea Bizwire) — Hyundai Motor Group said Friday it has been recognized by U.S. consumer data research firm J.D. Power as leading car brands in terms of technology experience among consumers in the American market in 2024. According to Hyundai, the company ranked first place for the fifth consecutive year among mass-market [...]
SEOUL, Aug. 21 (Korea Bizwire) — The combined market share of electric vehicles produced by South Korea’s Hyundai Motor Co. and Kia Corp. in the United States ranked second in the January-July period, outperforming local manufacturers Ford Motor Co. and General Motors Co., an industry report showed Wednesday. In the report from Automotive News, citing [...]
SEOUL, Aug. 21 (Korea Bizwire) – In a remarkable turnaround story, Hyundai Motor’s Turkish plant has transformed from a struggling venture to a vital hub in the automaker’s global operations, boasting an industry-leading utilization rate of 119.9% in the first half of this year. The Hyundai Assan Otomotive Sanayi (HAOS) facility, located in Izmit, Turkey, has [...]
SEOUL, Aug. 16 (Korea Bizwire) – In a bid to allay consumer concerns about electric vehicle (EV) safety, Hyundai Motor Company and Kia Corporation have unveiled their latest Battery Management System (BMS) technology, a crucial development in their ongoing efforts to improve EV reliability and performance. The South Korean automakers announced on August 15 that the [...]
SEOUL, Jul. 30 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automobile manufacturers, have significantly increased their data security-related investments in recent years in line with the strengthening of software capabilities in their vehicles, industry data showed Tuesday. According to the Korea Internet & Security Agency’s corporate information protection portal, Hyundai [...]
SEOUL, Jul. 23 (Korea Bizwire) — KG Mobility Corp. and Renault Korea Motors Co. are gearing up to release ambitious new midsize sport utility vehicle (SUV) models this year to tackle the popular family leisure car market segment dominated by local industry leaders Hyundai Motor Co. and Kia Corp. KG Mobility, formerly known as Ssangyong [...]
SEOUL, Jul. 10 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are aiming for a rebound in domestic electric vehicle (EV) sales in the second half of the year with reasonably priced new entry-class compact models. According to industry data, Hyundai Motor sold a total of 16,842 EVs domestically in [...]
SEOUL, Jul. 4 (Korea Bizwire) — Full-fledged production of Casper Electric, Hyundai Motor Co.’s highly anticipated all-electric mini SUV, will begin in South Korea’s southwestern city of Gwangju later this month, according to industry officials, with a target output of 21,400 units by the end of the year. Gwangju Global Motors (GGM), a Hyundai Motor [...]