Page 4 - Hyundai Motor

A first for industry: Hyundai may ink pacts for direct power purchase

Such direct contracts will assist the carmaker in getting cheap power

Hyundai breaks ground on $5.5 billion electric car plant in Georgia

A robotic dog delivered a champagne toast and Georgia's governor and junior US senator shared a brief bipartisan celebration ahead of high-stakes elections as Hyundai Motor Group broke ground Tuesday on its first US plant dedicated to making electric vehicles. Just five months after Hyundai announced the USD 5.5 billion manufacturing plant in Bryan County west of Savannah, vast areas of the site have already been cleared of trees. Euisun Chung, executive chairman of Hyundai Motor Group, said the plant will be the envy of the industry. The South Korean company plans to open the factory in 2025, with at least 8,100 employees producing up to 300,000 electric vehicles per year. Georgia officials say it's the largest economic development project the state has ever seen. This is transformational for the region, not just for people's children now, but for their grandchildren," Gov. Brian Kemp said. This is going to be a project that will resonate for generations to come. The timing could

Hyundai Motor Group to invest $13 bn in mobility software development

Hyundai Motor Group said it will invest 18 trillion won ($13 billion) to apply an advanced software programme to all of its vehicles and offer its customers regular software updating services

Hyundai's domestic sales increase by 50% to 49,700 units in September

The Korean carmaker sold 33,087 units in the country in September last year

Volvo XC40 Recharge EV to be launched in India on July 26; check details

The XC40 Recharge is likely to be priced between Rs 60 lakh and Rs 70 lakh and it is expected to compete against Kia EV6, and the Hyundai Ioniq 5

Hyundai Motor and its South Korean union agree on 9% wage hike deal

The union, one of the biggest in South Korea with more than 46,000 members, said that a total of 62% of its voting members approved the tentative agreement reached last week, while 38% rejected it

Hyundai Motor Group to invest more than $10 billion in US up to 2025

Hyundai Motor Group on Friday announced plans to invest $5.5 billion in Georgia to build EV and battery facilities.

Govt's mandatory airbag proposal to hurt car sales: Maruti Suzuki chairman

India's road transport ministry is firm on its plan and is pushing automakers to agree to the rules, two sources told Reuters

Hyundai Mobis to invest up to $6.72 billion on auto chips, robotics

Hyundai Mobis, the auto parts making unit of Hyundai Motor Group, plans to spend up to $6.72 billion in the next three years to bolster auto chips, mobility

Lessons from Hyundai row: Why brands should stay away from politics

The appeal of global brands cuts across religious, linguistic and national barriers. But some companies stir controversies by treading into politics. This report offers a peek into this tricky subject

Boycott calls over tweet by Hyundai's Pak partner may hit company

Hyundai is India's second-largest car seller after Maruti Suzuki, and the largest car exporter in the country

Hyundai Motor, Boston Dynamic declare to create better life via robotics

"We will lead the robotics technology to create a better life for customers and ourselves."Boston Dynamics Chairman Marc Raibert and Hyundai Motor Group's Robotics Lab Executive Director Hyun Dong-jin held a press conference at the Mandalay Bay Convention Center in Las Vegas on the 4th (local time) and announced their robot philosophy.Hyundai Motor Group previously acquired an 80 per cent stake in Boston Dynamics, the U.S. robot company, from Softbank Group. Hyundai Motor said that robotics technology is essential to lead the future mobility market. At this year's CES 2022, Hyundai Motor and Boston Dynamics presented their new future directions for robot business.On this day, Boston Dynamics Chairman Raibert said, "We are carefully thinking about how to help people when developing robots."Spot, Stretch, and Atlas are the famous robots developed by Boston Dynamics. He introduced those robots as 'today, tomorrow, and the future.'The robot representing 'today (present)' is the 'Spot.' It

Hyundai Motor appoints Unsoo Kim as managing director in India

South Korean auto major Hyundai Motor Company on Friday announced a top level change in its Indian operations with Unsoo Kim slated to take over as Managing Director from January 1, 2022.

Hyundai and Kia's market share decline from 3.1% to 2.1% in China

Sales of Hyundai Motor and Kia have continued to decrease in the Chinese market.According to the China Passenger Car Association (CPCA) on the 10th, Hyundai Motor and Kia's combined share of the Chinese market fell 1 per cent from 3.1 per cent (2.2 per cent for Hyundai Motor, 0.9 per cent for Kia) in November last year to 2.1 per cent (1.4 per cent Hyundai Motor, 0.7 per cent Kia) in November this year.Last month, retail sales of automobiles decreased by 13 per cent year-on-year to 1,845,000 units in the Chinese market. The sales of passenger cars (including sedans, SUVs, and MPVs) fell 13 per cent to 1,816,000 units and commercial vehicles fell to 28,000 units, similar to last year.However, Hyundai Motor and Kia's performance was far below the market average.Retail sales of Hyundai Motor Beijing fell 42 per cent year-on-year to 26,000 units in November, and Dongfeng Kia fell 30 per cent to 13,000 units.Sales of Hyundai Motor Group have significantly decreased in the Chinese market ...

Hyundai Motor aims to develop chips, cut reliance on chipmakers

A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year

Hyundai Motor India reports 12% rise in sales in August at 59,068 units

Hyundai Motor India Ltd (HMIL) on Wednesday reported a 12.3 per cent increase in total sales at 59,068 units in August.

Hyundai brings N Line to India; 1st model under N badge to debut this yr

South Korean auto major Hyundai on Monday said it is introducing its performance oriented N Line brand in the Indian market. The auto major noted that the N Line models would offer customers motorsport inspired styling cues that evoke excitement and athleticism. The company said it plans to launch the first model under the N badge this year, followed by additional model launches over the next few years. "The introduction of our N Line range to India, will induce sporty experiences like never before, making every drive a fun experience with products that personify excitement and athleticism," Hyundai Motor India Ltd MD and CEO SS Kim said in a statement. As an organisation committed to India, the company has been introducing superior products and services for customers, he added. "With N Line, Hyundai Motor India will continue to challenge new boundaries and introduce new cars that amplify the aspirations and personalities of new age Millennial and Gen Z buyers," Kim noted. The co

Hyundai Motor Q2 net profit soars, expects chip shortage to ease

Hyundai Motor Co turned in its best quarterly profit in about six years on Thursday, helped by solid demand for its high-margin SUVs and its premium Genesis cars

Hyundai, Kia expected to log sharp rebound in operating profit in Q2

Hyundai Motor and its affiliate Kia are set to report a sharp rebound in operating profit for second quarter on strong demand for their vehicles that offset output disruptions by chip shortages

Hyundai Motor to invest in Solid Energy Systems, a next-gen battery company

Solid Energy and General Motors are planning to construct a lithium metal battery test production plant near Boston by 2023, and will commercialise it in 2025.