Cutting-edge technologies opted for Hyundai’s Singapore facilitiesSouth Korea’s automaker Hyundai Motor announced on Nov. 21 that it had opened a facility in Singapore to roll out electric vehicles under the inspection of four-legged robots.Hyundai Motor said that the new seven-story facility would
Korean automaker chalks up $2.8 billion in profitSouth Korea’s Hyundai Motor announced Thursday that it had chalked up $2.8 billion in operating income during the third quarter of 2023, up 146.3 percent from a year before.The sales of the world’s third-largest automaker amounted to $30.3 billion dur
Hyundai’s premium brand faring well globallyHyundai Motor said on Oct. 13 that two vehicles of its premium brand Genesis got the highest safety rating from the Insurance Institute for Highway Safety (IIHS) in the United States.Hyundai said that its four-door sedan Genesis G80 and Electrified G80 rec
Korean automaker reduces presence in ChinaHyundai Motor’s Asian business focus appears to move from China to India as the South Korea's leading automaker is selling off its facilities in the former country.Hyundai Motor said on Aug. 23 that the corporation had put its Chongqing plant up for grabs at
Korean automaker cruising well in the world’s No. 2 marketSouth Korea’s Hyundai Motor chalked up record sales in the United States during the first half of this year, nudging past Stellantis to rank No. 4 in the market.The Seoul-based automaker noted on July 4 that it had sold more than 82,000 vehic
Korea’s leading automaker marks the country’s first independently developed carSouth Korea's Hyundai Motor announced on June 8 that its first heritage exhibition ‘PONY, the timeless’ would start the next day at Hyundai Motorstudio Seoul.The exhibition is presented as part of the newly launched Hyund
Korean automaker beats Samsung ElectronicsSouth Korea’s leading automaker Hyundai Motor announced on April 25 that it had racked up a record quarterly profit during the first three months of this year.The Seoul-based company logged $ 28.2 billion in first-quarter sales, up 24.7 percent from a year b
Korean automaker strives to join global top 3 in EVSouth Korean automaker Hyundai Motor announced on April 11 that it would invest $18 billion in electric vehicles by 2030 to join the top three list in the world.The company announced the plan during the groundbreaking ceremony of its sister firm Kia
Korean automotive firms cruised well last yearSouth Korea's representative automotive corporations chalked up record sales last year as they succeeded in expanding their market share across the globe.Hyundai Mobis, the country’s largest auto part manufacturer, announced Friday that its 2022 turnover
US law firm collecting complaints from motoristsU.S. law firm Lemberg Law is found to be preparing for a class action against South Korean automaker Hyundai Motor regarding the latter’s representative electric car Ioniq 5.In its recent posting, Lemberg Law claimed that the 2022 Ioniq 5 does not have
Korean automaker speaks out at Bloomberg New Economy ForumHyundai Motor announced on Nov. 17 that it had presented its vision to accelerate the new economy through smart mobility solutions, such as its Smart City concept and advances in robotics and AI, at the 2022 Bloomberg New Economy Forum this w
Hyundai Motor’s electric car maximum rating in NCAP safety testHyundai Motor announced on Nov. 16 that its IONIQ 6 Electrified Streamliner had received the top rating from the independent vehicle assessment organization European New Car Assessment Program (Euro NCAP).The Seoul-based automaker noted
Two will cooperate to establish ecosystem for advanced air mobilitySouth Korea's Hyundai Motor announced on Nov. 14 that it had inked a memorandum of understanding with the Nusantara Capital City Authority (NCCA) in Indonesia.Under the agreement signed on the sidelines of the B20 summit at Bali, the
Korean automaker chalks up solid performancesSouth Korea’s Hyundai Motor announced on Oct. 24 that it had chalked up 37.7 trillion won ($26 billion) in sales during the third quarter of this year, up 30.6 percent from a year ago.To achieve the growth, the Seoul-based automaker sold 162,439 units of
All-new Grandeur will hit market next monthSouth Korea’s Hyundai Motor took the wraps off the design of its seventh-generation Grandeur flagship sedan on Oct. 19. The model is badged as Azera outside of South Korea.The Seoul-based automaker said that it’s an all-new model coming six years after the
New electric vehicle expected to gain great popularitySouth Korea’s largest automaker Hyundai Motor said on Aug. 26 that its new electric vehicle Ioniq 6 logged record pre-orders in the country this week.The Ioniq 6, which was unveiled last month, racked up a total of 37,466 pre-orders on Aug. 22, t
U.S. News & World Report praises Sonata, Tucson, ElantraU.S. News & World Report announced this week the best new cars for teens, and among them were five models of Hyundai Motor, the largest carmaker in South Korea.In the crowded sedan and SUV market, Hyundai saw four 2022 models of Sonata Hybrid,
Hyundai Motor’s affiliate strives to make robotics breakthroughHyundai Motor, South Korea’s largest automaker, announced on Aug. 13 that its robotics affiliate Boston Dynamics had launched an artificial intelligence institute.The Seoul-based company noted that the new institute would strive to make
Randy Park will head Korean automaker’s US unitHyundai Motor America has named Randy Parker as its new CEO, which will be effective as of August 1. The Seoul-based brand is the largest automaker in South Korea.He is set to take charge of commercial automotive operations in the United States, reporti
Two automotive giants will collaborate in AAM marketHyundai Motor said Tuesday that it would join forces with Rolls-Royce to cooperate in bringing electric and hydrogen technology to the advanced air mobility (AAM) market.Toward that end, chiefs of the two automotive giants signed a memorandum of un