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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, ...
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April 22, 2024
Hyundai Motor signs 174-megawatt renewable energy deal for US EV plant
Hyundai Motor Group said Monday it has signed a 174- megawatt power purchase agreement (PPA) with a solar energy project led by Spain's Matrix Renewables to power its envisioned electric vehicle (EV)... be used in the electrification-related operations of Hyundai Mobis' North Am...
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April 22, 2024
HD Korea Shipbuilding to help SMEs cut greenhouse gases
...educe greenhouse gas emissions in the shipbuilding industry. The collaboration, inked at the HD Hyundai Global R&D Center, supports small to medium-sized shipyard suppliers. The program will swap out... HD Hyundai’s shipbuilding divisions, including HD Korea Shipbuilding & O...
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April 22, 2024
[KH Explains] Will 6-day workweek for executives help Samsung avert crisis?
...weekly Saturday meetings for top executives from its affiliates for the first time in 24 years since it adopted the five-day workweek back in July 2000. Other conglomerates such as Hanwha, GS, HD Hyundai and Doosan have not yet taken any special measures but are reportedly closely moni...
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April 19, 2024
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
... LG Energy Solution, down 2.51 percent, Crafton, down 2.31 percent, and LG Chem, down 2.11 percent. A few companies managed to buck the trend, with Hanwha Aerospace surging by 3.54 percent, while Hyundai Motor and Naver saw increases of 1.73 percent and 0.94 percent, respectively. Isr...
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April 18, 2024
Hyundai Motor, Toray join hands for material innovation in mobility
Hyundai Motor Group has signed a strategic partnership agreement with Japanese material manufacturer Toray Industries to enhance materials technology for vehicles, officials announced Thursday. Unde...aterials to advance the performance and safety of the Korean automaker’s vehicles. Ac...
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April 18, 2024
[KH Explains] Hyundai's full hybrid edge to pay off in slow EV transition
...ese manufacturers like Toyota and Honda, the hybrid vehicle sector is now seeing renewed interest from global automakers looking to improve profitability among slowing electric sales. Among them, Hyundai Motor Group stands out as one of the few key competitors with robust full hybrid e...
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April 18, 2024
Hyundai Motor, Toray forge strategic partnership for mobility materials
Hyundai Motor Group said Thursday it has forged a strategic partnership with Japanese chemical giant Toray Group to use carbon fiber and other innovative new materials in future mobility products. Under the agreement, Hyundai Motor and Toray plan to jointly develop carbon fiber...
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April 17, 2024
Why is Apple Pay struggling to get purchase?
... card issuers. Adding to the challenge is Apple Pay's current substantial commission rate here. Hyundai Card reportedly incurs a 0.15 percent commission fee per transaction via Apple Pay, whereas loc...n fees in Korea, compared to 0.03 percent in China and 0.05 percent in Israel. Accor...