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NEWS TAGGED HYUNDAI
Tuesday 31 October 2023
Hyundai Motor not reducing EV investment amid industry headwinds
Due to high-interest rates and inflation, coupled with conflict in the Middle East, the global electric vehicle (EV) market's growth trend is feared to slow down dramatically. Recently,...
Monday 23 October 2023
Hyundai to build its first EV plant in Middle East
Hyundai Motor will soon expand its production footprint to Saudi Arabia. The South Korean automaker plans to build a joint EV manufacturing plant in the country with the Public Investment...
Monday 23 October 2023
Samsung SDI to supply Hyundai EV batteries for the first time
Battery maker Samsung SDI announced on October 23 that it has secured an EV battery supply agreement with Hyundai Motor, a first between the two South Korean companies. Samsung SDI's...
Friday 20 October 2023
Infineon signs multi-year chip supply contract with Hyundai, Kia
A multi-year supply deal for silicon carbide (SiC) and silicon (Si) power semiconductors has been struck by Infineon Technologies, Hyundai Motor Company, and Kia. Infineon will build...
Friday 6 October 2023
Hyundai, Kia the latest carmakers to adopt Tesla's charging port in North America
Tesla's North American Charging Standard (NACS) keeps gaining traction. Hyundai Motor and its affiliated Kia announced on October 5 that they will integrate NACS ports into their...
Wednesday 4 October 2023
Lee Jae-yong's latest Mideast visit draws new frontline for "Global Samsung"
Samsung Electronics Chairman Lee Jae-yong embarked on a strategic visit to Saudi Arabia, Israel, and Egypt during the Mid-Autumn Festival to assess local business prospects in the...
Tuesday 26 September 2023
Hyundai, Kia to cut EV prices in South Korea as demand slows
Hyundai Motor Co. and Kia Corp. plan to slash the prices of some electric vehicles as the South Korean government expanded subsidies in a bid to boost flagging demand for clean car...
Wednesday 6 September 2023
Corning said to build bendable glass plant in South Korea, targeting mobile, automotive apps
US-based specialty glass supplier Corning reportedly plans to invest KRW 2 trillion (US$1.5 billion) to set up a bendable glass manufacturing plant in South Korea, targeting immense...
Monday 4 September 2023
Hyundai, LGES add additional US$2 billion investment in US joint battery plant
South Korean carmaker Hyundai Motor and battery company LG Energy Solution have committed another US$2 billion to their joint battery cell manufacturing facility in Georgia, the US...
Thursday 31 August 2023
Hyundai to invest $400 million for stake in an EV metal company
Hyundai Motor Group will buy a 5% stake in Korea Zinc Co., the world's largest smelter for non-ferrous metals, as part of its effort to ensure access to key metals used in making...
Monday 28 August 2023
Hyundai faces new pressure campaign from southern labor groups
Hyundai Motor Co. is facing a pressure campaign from a coalition of labor groups and civil rights groups in Alabama and Georgia, the home of its new $5.5 billion electric vehicle...
Thursday 17 August 2023
Hyundai acquires GM's Indian facility to expand EV production
Hyundai Motor Group agreed to acquire a manufacturing facility from General Motors (GM) in India, as the Korea-based automaker is looking to expand in the world's third-largest auto...
Thursday 10 August 2023
Hyundai Mobis receives extensive battery system assembly order from Volkswagen
Hyundai Mobis, a Hyundai Motor affiliate, has taken a step forward to diversify its customer base. The automotive parts supplier announced on August 9 that it has secured a large-scale...
Wednesday 9 August 2023
Hyundai to introduce five EV models in India by 2032
South Korea's largest automaker is poised to gain its EV presence in India. Hyundai Motor announced on August 8 that it plans to launch five EVs and increase charging infrastructure...
Friday 30 June 2023
South Korea invests big aiming to become major quantum powerhouse by 2035
The South Korean government plans to collaborate with enterprises to invest over KRW3.0 trillion (US$2.3 billion) in the field of quantum science and technology by 2035, aiming to...