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January 21, 2024
Posco International to supply EV parts to Hyundai Mobis
Posco International said Thursday that it will supply 1.03 million motor cores for Hyundai Motor Group electric vehicles produced in Europe. The parts are to be supplied to Hyundai Mobis’ EV factory in Slovakia from 2025 to 2034. Of the total, 550,000 units are to be sent to <...
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January 21, 2024
Hyundai, Kia post record sales in Europe
Hyundai Motor Company and Kia have set a new record, selling over 1.1 million vehicles in Europe in 2023, the South Korean automakers said Thursday. According to the announcement, Hyundai Motor sold 534,170 units and Kia sold 572,297 units, up 3.1 percent and 5.4 percent on-yea...
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January 18, 2024
Hyundai ditches China plant to focus on India, Indonesia
Hyundai Motor Group said Wednesday it has sold its Chongqing plant in China to the region’s industrial park developer Yufu Industrial Complex Construction Co. for approximately 1.62 billion yuan ($29...ng plant is a step towards enhancing profitability by streamlining our production oper...
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January 18, 2024
HD Hyundai CEO talks global decarbonization efforts at Davos
Chung Ki-sun, vice chairman and CEO of the Korean shipbuilding and energy conglomerate HD Hyundai, attended the 2024 World Economic Forum in Davos, Switzerland, on Monday, where he discussed global c...iendly container carrier to Maersk, revolved around advancing sustainable practices in ...
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January 18, 2024
Hyundai Motor speeds up strategic shift to software-defined mobility
Hyundai Motor Group said Wednesday it has set up a new research and development division in its push for software-defined vehicles by combining several teams across the auto giant's affiliates. The ...be headed by Song Chang-hyeon, who has doubled as the head of the former SDV division a...
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January 18, 2024
Korea’s arms exports to Poland hit W1.5t in 2023
... reached 11.7 billion dollars, or 1.5 trillion won last year, up 184 percent from a year earlier. In 2022, the Polish government inked a comprehensive export agreement with South Korean companies Hyundai Rotem, Hanwha Defense and KAI, to purchase 980 K2 tanks, 648 self-propelled K9 arm...
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January 17, 2024
Hyundai Motor eyes W1tr funding for Indian plant
Hyundai Motor Group plans to invest an additional 70 billion rupees ($845 million) into an automotive plant owned by General Motors in Talegaon, India, according to Indian authorities on Tuesday. Ac...ing this week’s World Economic Forum in Davos, Switzerland. Fadnavis added he recentl...
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January 16, 2024
NPS ups stake in Samsung Electro-Mechanics, sells Kakao in Q4
...lectronics (33.75 trillion won, 7.68 percent), followed by SK hynix (7.67 trillion won, 7.9 percent), LG Energy Solution (5.55 trillion won, 5.78 percent), Naver (3.52 trillion won, 9.34 percent), Hyundai (3.14 trillion won, 7.86 percent), Samsung Biologics (2.97 trillion won, 5.6 perce...
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January 16, 2024
[From the Scene] Desert testing drives Hyundai, Kia's US success
Electric vehicles are put through over 4,000 laps on the 10.3-kilometer track, equating to roughly 48,000 kilometers, to simulate aging and ensure durability under stress. Testing the EV6 GT, Kia’s high-performance electric SUV, on this circuit proved stable performance under extreme driving cond...
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January 16, 2024
How will Taiwan election affect Korean chips?
...s. Global companies will end up turning to Korea, Taiwan's most powerful alternative in the global semiconductor supply chain,” an industry source told The Korea Herald on condition of anonymity. Hyundai Motor Securities analyst Jung Jin-soo also predicted that China, which had concen...
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January 12, 2024
Hyundai, Kia near 1m eco-friendly car sales in US
Hyundai Motor Group, following a record-breaking year with US sales surpassing 1.6 million Hyundai and Kia vehicles, is setting their sights high in the US this year to reach a cumulative sale of 1 million eco-friendly vehicles since 2011 and 300,000 luxury Genesis cars, leverag...
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January 12, 2024
[CES 2024] SK On chief hints IPO plan on track
...When asked if SK On had turned a profit last year, Chey noted, “Despite best efforts, the automotive industry is in a slump, so we don’t know if we’ve made a turnaround as planned.” Chey met with Hyundai Motor Group Executive Chair Chung Euisun, who stopped by SK Group’s exhibitio...
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January 12, 2024
[CES 2024] HD Hyundai CEO vows innovations as ‘future builders'
Korea Herald Correspondent LAS VEGAS -- HD Hyundai's Vice Chairman and CEO Chung Ki-sun declared on Wednesday the company's transition to a technology-driven construction solutions provider, revampi...ng environmentally friendly technology, with new hydrogen-powered equipment. Chung sai...
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January 11, 2024
[CES 2024] Hyundai-backed Supernal to debut flying taxies in Korea, US by 2028
... could expand in size and capacity. The S-A2’s range per charge was not disclosed. “Our S-A2 is limited to four passengers right now, largely due to battery and power constraints. We will utilize Hyundai's know-how in long-range EVs to up our game in range and size," Shin said during...
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January 11, 2024
[CES 2024] 42dot, Samsung to launch Exynos-based auto platform
42dot, the software mobility unit under Hyundai Motor Group, clinched a deal with Samsung Electronics to develop an artificial intelligence-based software-defined vehicle platform on the sidelines of...Song Chang-hyeon, who doubles as 42dot CEO and president of the software-defined vehicl...
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January 11, 2024
[CES 2024] HD Hyundai outlines unmanned construction site
South Korean shipbuilding and heavy industries conglomerate HD Hyundai is presenting the blueprint of future construction sites utilizing unstaffed autonomous technologies at CES 2024 in Las Vegas th...ions that will be applied to future construction sites in one spot at this CES 2024,” ...
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January 11, 2024
[CES 2024] Hyundai Mobis’ e-Corner system makes debut
Hyundai Mobis, a car parts manufacturing unit under Hyundai Motor Group, unveiled Mobion, an electric vehicle running on its self-driving e-Corner System technology for the first time at CES 2024 in Las Vegas on Wednesday. The technology incorporates the world’s first in-wheel...
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January 10, 2024
[CES 2024] Kia debuts purpose-built concept EVs with modular design
...d Kia targets 300,000 of these,” said CEO Song. Kia is also enhancing its in-vehicle infotainment, fleet management systems and EV charging solutions with the software-defined vehicle system that Hyundai Motor Group announced earlier on Monday. These systems will leverage AI and data ...
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January 10, 2024
[CES 2024] Hyundai vows innovation in software, hydrogen for 'future generations'
LAS VEGAS -- Hyundai Motor Group on Monday unveiled a centralized strategy for its software-defined vehicles and an expanded hydrogen ecosystem during the CES 2024. "Our hydrogen venture is for futu... update. We're not changing the car itself, just how it performs," said Song Chang-hyun...
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January 08, 2024
Korean firms to flaunt tech supremacy at CES
Hyundai Motor Hyundai Motor aims to make a significant impact with its most extensive showcase to date, focusing on three key areas: software-defined vehicles, hydrogen-powered sustainable mobility ...ned by its three subsidiaries: HD Hyundai XiteSolution, HD Hyu...