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May 08, 2024
Korean battery makers heave sigh of relief over 2-year IRA reprieve
...nufacturers would have been ineligible for US subsidies starting next year. The dominance of China in the graphite supply chain has posed significant challenges for manufacturers, as noted by the Hyundai Motor Group, as well as international automakers like BMW and Volkswagen. The Kore...
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May 08, 2024
HD Hyundai Marine Solution soars on first day of public trading
HD Hyundai Marine Solution, a ship maintenance unit affiliated with Korean shipbuilding giant HD Hyundai, made its stock debut Wednesday, with the stock price soaring on the first trading day. Listed on the nation’s main bourse Kospi, its stock opened at 119,900 won ($88), a 4...
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May 03, 2024
Hyundai Motor to inject extra W1.3tr in Motional
Hyundai Motor Group will invest 1.29 trillion won ($946 million) in Motional, a US-based autonomous driving startup, to boost technological development and secure stable control of the startup, the K...al, bringing the auto giant’s total share to 66.8 percent. The auto giant’s three af...
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May 03, 2024
Hyundai Motor aims to lead hydrogen truck business in US
Hyundai Motor Company is looking to spearhead the hydrogen-powered truck business in the United States as the Korean automaker welcomed the official launch of NorCAL ZERO Project, a pro-environment i...transport energy transition is achievable today and will serve as one of the building b...
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May 02, 2024
Hyundai Rotem to export armored vehicles to Peru
Korean defense firm Hyundai Rotem said Thursday that it has been chosen as the preferred bidder for a Peru military project for wheeled armored vehicles. The company will deliver 30 units of its K80...s to its amphibious propulsion system. Throughout Hyundai Rotem's product li...
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April 30, 2024
Hyundai Motor launches internship program for foreign students
Hyundai Motor Company announced Tuesday its commitment to cultivating global talent through a summer internship program designated for international students in Korea, fostering the company’s cultura...as including R&D, design, management support and manufacturing. Further details are av...
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April 29, 2024
HD Hyundai CEO to co-chair WEF Special Meeting
HD Hyundai Vice Chairman and CEO Chung Ki-sun will serve as a co-chair of the Special Meeting of the World Economic Forum held in Riyadh, Saudi Arabia from Sunday to Monday. This session convenes 90...niversal growth of the global economy and the disparities in energy access,” Chung rem...
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April 25, 2024
Hyundai, Kia seek to boost presence in China market
Hyundai Motor Group on Wednesday unveiled a slew of new vehicles at the 2024 Beijing International Automotive Exhibition, ramping up efforts to boost its sluggish presence in the world's largest auto...-in in China's high-performance EV segment and present our unique EV strategy," said Oh...
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April 25, 2024
[KH Explains] Korean shipbuilding stocks rally: Real growth or bubble?
... closing market cap of 95.4 billion won ($69.3 million). It also had a record-breaking foreign investment of 184 billion won, marking the highest level since the company’s 1994 IPO. Similarly, HD Hyundai Heavy Industries and HD Korea Shipbuilding & Marine Engineering saw big gains, wi...
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April 25, 2024
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
Hyundai Motor Group has reiterated the importance of India and reaffirmed its commitment to the burgeoning market as its chief visited the world’s most populous country earlier this week. “India, on...t is projected to reach over 5 million units in 2030 after hitting 4.1 million units ...
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April 25, 2024
Hyundai Motor chief vows to foster India as automaker's global export hub
The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilize the country as a key export hub for the South Korean automaker, the group said...e in the group consistently achieving the second position in the Indian market share. ...
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April 24, 2024
Korean investment in US almost doubles from pre-pandemic: report
...Commerce and Industry, the total Korean investment in the US stood at $27.7 billion last year, up 75 percent from $15.8 billion in 2019. Large conglomerates like Samsung Electronics, SK hynix and Hyundai Motor have built or plan to establish facilities in the US portion of North Americ...
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April 24, 2024
Hyundai Mobis breaks ground for W170b Spain plant
Hyundai Mobis, the auto parts manufacturer under Hyundai Motor Group, said Wednesday it held a ground-breaking ceremony for its first factory in Western Europe, which will manufacture battery systems, particularly focusing on supplying the Volkswagen Group. The new factory in N...
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April 24, 2024
Hyundai unveils versatile commercial EV platform
Hyundai has focused significantly on the sensory experience within the cabin, integrating high-strength subframe members, comprehensive sound-absorbing materials, and double-laminated acoustic glass ...d handling, collectively enhancing ride quality and driver control. For operational ef...
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April 24, 2024
HD Hyundai teams up with Norway's Philly Shipyard for US footing
HD Hyundai Heavy Industries and Norway's Philly Shipyard signed a memorandum of understanding to collaborate on manufacturing, maintaining, repairing, and overhauling vessels and ships ordered by the...l defense industry,” Joo said. Nerbovik also showed high expectations for collaborati...
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April 24, 2024
Hyundai Mobis begins construction of EV battery plant in Spain
Hyundai Mobis, South Korea's leading auto parts maker, said Wednesday it has started construction of an electric vehicle (EV) battery plant in Spain. The company said it held a groundbreaking ceremo...earby city of Pamplona, to be installed in Volkswagen's next-generation EV platform. L...
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April 24, 2024
Hyundai Motor launches ST1 commercial delivery model
Hyundai Motor said Wednesday it has launched a new commercial electric delivery vehicle model with expanded functionality that can be tailored to various business services and solutions. The ST1 has...ious forms according to its usage purposes based on the models' chassis-cab units. Acc...
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April 24, 2024
KITA partners with German VC fund to bolster auto firms in Gwangju
...on mobility sector investments. It has experience working with major automobile companies like BMW, Daimler -- the parent company of Mercedes-Benz --Toyota, and other global brands such as Amazon, Hyundai and Uber. The Gwangju Green Car Promotion Agency, an affiliate funded by the Gwan...
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April 22, 2024
Hyundai Motor to power US EV plant with renewable energy
Hyundai Motor Group has inked a 147-megawatt power purchase agreement with Matrix Renewables, a Spanish renewable energy company, to power its electric vehicle plant currently under construction in t...nglomerate’s four companies -- Hyundai Motor Group Metaplant America, the au...
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April 22, 2024
HD Hyundai Infracore zeroes in on European market
HD Hyundai Infracore, a construction equipment maker under Korean shipbuilding conglomerate HD Hyundai, will unveil its new fuel-cell electric wheel loader named the DL250-FCEV for the first time at the Intermat in France later this week, the company said Monday. The Intermat, ...