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Wednesday 7 February 2024
Hyundai reportedly to list Indian subsidiary in 2024
Hyundai Motor is reportedly looking to list its Indian subsidiary, Hyundai Motor India, in India in 2024, as the country has become the third-largest car market and overtook Hong...
Monday 5 February 2024
LGES, Hyundai reportedly to double battery production in Indonesia
As China-based BYD announced a US$1.3 billion investment in Indonesia, Hyundai Motor, which sees the country as a critical market, will likely take a countermeasure. The South Korean...
Thursday 18 January 2024
Samsung to help Hyundai Motors get smart
Samsung Electronics will expand its home appliance connectivity application platform "SmartThings" to the automotive sector by collaborating with Hyundai Motor Group, Chosun Ilbo...
Tuesday 16 January 2024
Is eVTOL sector about to take off?
At CES 2024, Hyundai Motor made a resounding entry into the burgeoning aerial vehicle market with the unveiling of its cutting-edge Electric Vertical Takeoff and Landing (eVTOL) aircraft...
Monday 15 January 2024
Hyundai offers $7,500 cash bonus for EVs to match US tax credits
Hyundai Motor Co. will give as much as $7,500 in cash bonuses for electric-vehicle buyers in the US, seeking to keep its cars competitive with automakers qualifying for tax credits...
Thursday 11 January 2024
China's Company Law shakeup spooks S. Korean businesses
China's sweeping December 29, 2023, amendments to its Company Law have seen foreign compliance teams scrambling to figure out the new rules and have South Korean businesses feeling...
Friday 5 January 2024
Through the looking glass: Hyundai Mobis to showcase transparent display at CES 2024
The future of cars is a topic that inspires the imagination. Speculation has focused significant attention on the development of in-car display technologies.
Friday 5 January 2024
Samsung, and Hyundai team up for connected cars
Samsung Electronics has announced a partnership with Hyundai Motor Group, including Kia, to expand its SmartThings platform to enable connected vehicles, including electric vehicles...
Thursday 4 January 2024
Hyundai targets 30% EV sales growth in 2024; will launch affordable models soon
While the EV market growth has slowed, Hyundai Motor significantly increased its EV sales target in the new year. The automaker also plans to roll out affordable EV models to attract...
Tuesday 26 December 2023
SK On boosts battery investment despite global EV market slowdown
South Korean battery manufacturer SK On is bolstering its domestic battery production capacity with a substantial investment of KRW 1.75 trillion (US$1.34 billion), an increase of...
Friday 22 December 2023
Hyundai Motor will halt two South Korean parts factories amid EV push
Hyundai Motor continues to review its assets in the transition to EVs. The automaker plans to stop operations at its two engine parts plants in South Korea and is considering outsourcing...
Wednesday 29 November 2023
Hyundai will suspend Asan plant to prepare for Ioniq 7 mass production
Hyundai Motor is gearing up for the mass production of Ioniq 7 to scale its EV business. The company plans to suspend operations at its Asan plant in South Korea for two months to...
Tuesday 14 November 2023
Hyundai to produce EVs at new South Korean plant from 2026
Hyundai Motor continues its EV projects as some carmakers have scaled back plans for automotive electrification. The company broke ground on an EV-dedicated plant on November 13 in...
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...