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) [...]
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 [...]