Hyundai Motor
- Business
Plug-in hybrid electric vehicles to drive global EV growth in 2025
Seoul: The global market for electric vehicles (EVs) is expected to see significant growth this year driven by the plug-in hybrid electric vehicle (PHEV) segment, while the battery electric vehicle (BEV) segment…
- Business
South Korea sees record high in voluntary vehicle recalls by automakers in 2024
Seoul: The number of vehicles voluntarily recalled by automakers in South Korea reached an all-time high this year, with nearly 80 percent attributed to domestic giant Hyundai Motor Group, traffic authorities said…
- Business
Seoul shares drop 2 pc amid fed’s slower easing signal, Micron’s overnight slump
Seoul: Seoul shares tumbled nearly 2 per cent on Thursday as risk appetite weakened after the U.S. Federal Reserve hinted at a slower monetary easing cycle next year and U.S. tech giant…
- Business
Hyundai Motor India files draft papers for Rs 25,000 crore IPO
Mumbai: Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, on Saturday, filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI)…
- Business
Four automakers to recall over 7,783 vehicles for faulty parts
Seoul: Hyundai Motor, Kia and two other carmakers will recall over 7,700 vehicles due to faulty components, the transport ministry here said on Wednesday. The four companies, including Jaguar Land-Rover Korea and…
- Business
Hyundai Motor joins UAE’s sovereign wealth fund for eco-friendly mobility
Seoul: Hyundai Motor, South Korea’s top carmaker, said on Sunday it will join hands with the United Arab Emirates’ sovereign wealth fund as part of efforts to strengthen its presence in the…
- Technology
5 automakers to recall over 92K vehicles over faulty parts
Seoul: Hyundai Motor, BMW Korea and three other companies will voluntarily recall more than 92,000 vehicles to fix faulty components, the transport ministry said on Wednesday. The companies, including Mercedes-Benz Korea, Volkswagen…
- Technology
Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant
Seoul: South Korea’s Hyundai Motor Group and LG Energy Solution said on Friday they will invest 5.7 trillion won ($4.3 billion) in a battery cell plant in the United States, with an…
- Business
Hyundai Motor to update vehicle software on the go, to launch 2 EV platforms in 2025
Chennai: South Korea’s Hyundai Motor Group on Wednesday said it would transform all its models to software-defined vehicles by 2025. The group will also introduce vehicles in 2025 based on its two…
- Automobile
Hyundai, Kia global sales rise in August despite chip shortage
Seoul: Hyundai Motor, South Korea’s biggest carmaker, said on Thursday that its sales rose 12 percent in August from a year earlier despite an extended chip shortage. Its subsidiary Kia’s sales also…
- Automobile
Hyundai Motor chief visits US amid new EV tax break law
Seoul: Hyundai Motor said on Wednesday that its Chairman Chung Euisun was visiting the US amid growing concerns over a new law excluding electric vehicles (EVs) built outside the country from tax…
- Automobile
Hyundai to spend $424 mn to build AI research centre in US
Seoul: Hyundai Motor said on Friday it will spend $424 million to build an artificial intelligence (AI) research centre in the US to bolster its edge in robotics technology, an area it…
- Automobile
Hyundai Motor targets 5,000-unit sales of Tucson
Chennai: India’s second largest car maker Hyundai Motor India Ltd targets to sell about 5,000 units of its new Tucson model this year, the company said on Wednesday. According to Hyundai Motor…
- Automobile
Hyundai Motor names new CEO for US operations
Seoul: Hyundai Motor, South Korea’s biggest carmaker, said on Friday it has named a new chief executive for its US operations amid the prolonged chip shortage. Hyundai has promoted Randy Parker to…
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