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May 03, 2024
Hyundai Motor to inject extra W1.3tr in Motional
...l increase and another 620 billion won for acquiring Aptiv’s 11 percent share in Motional, bringing the auto giant’s total share to 66.8 percent. The auto giant’s three affiliates -- Hyundai Motor, Kia and Hyundai Mobis -- will take part in the capital increase. They will spend 665 ...
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April 25, 2024
Hyundai, Kia seek to boost presence in China market
...s returned in-person after four years, all three brands of the Korean auto giant -- Hyundai Motor, Kia and Genesis -- promised to introduce electric vehicles tailored for Chinese customers. Unveiling...undai Motor unveiled the revamped all-new Santa Fe and the new Tucson for the first ...
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April 25, 2024
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
...g 4.1 million units last year. Hyundai Motor Group’s two auto brands -- Hyundai Motor Company and Kia -- are expanding their local production capacity in India with the aim to have an annual producti...dealer network, the company has vowed to expand the number of EV charging stations ...
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April 18, 2024
Hyundai Motor, Toray join hands for material innovation in mobility
... Korean and Japanese firms including Akihiro Nikkaku, chairman of Toray Industries, Mitsuo Ohya, president at Toray Industries, Chang Jae-hoon, CEO of Hyundai Motor Company, and Song Ho-sung, CEO of Kia, attended Thursday’s signing ceremony held at Hyundai Motor’s headquarters in Seou...
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April 15, 2024
How should Korea adjust its trade defenses against Chinese EVs?
... impacts EVs with lower-performance lithium iron phosphate batteries, like those in Tesla’s Model Y, while favoring high-performance, recyclable batteries used in domestic brands such as Hyundai and Kia. “The newest subsidy revision might be bad news for consumers, but it’s in the r...
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April 11, 2024
Kia unveils new pickup brand Tasman
Korean automaker Kia on Thursday officially unveiled its first-ever pickup truck, the Kia Tasman, setting its sights primarily on the Australian market with a diesel-powered model planned for 2025. The Tasman, whose name pays homage to the Tasman Sea that lies between Australia...
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April 11, 2024
Korean battery firms await grim Q1 earnings amid EV slowdown
...e Tesla Model 3 and Y, Ford Mustang Mach-E and GM Lyriq getting popularity in Europe and North America. As for SK On's lagging figures, SNE Research pointed to poor sales of the Hyundai Ioniq 5 and Kia EV6 but noted that steady sales of the Mercedes-Benz EQ models and global expansion ...
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April 08, 2024
Hyundai, Kia expand role in India’s EV localization
Hyundai Motor and Kia announced Monday that they have signed a strategic partnership with Exide Energy, a leading battery company in India, to speed up India’s transition into electric vehicles and e...cted to begin mass production of EV batteries as early as the end of this year. Hyund...
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April 08, 2024
Hyundai Motor Group, Exide Energy partner for Indian EV model battery cells
... will cooperate in the development and production of dedicated battery cells for Hyundai Motor and Kia EV models for the Indian market and expand their ties in areas of general electrification. Estab...equipping Hyundai Motor and Kia's future EV models in the Indian market wi...
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April 05, 2024
Kia to invest W38tr through 2028 with focus on automation
Kia on Friday unveiled a plan to invest 38 trillion won ($28.1 billion) through 2028 in an investor relations event held at Conrad Seoul, vowing to lead the global auto industry’s automation. Accord... advanced air mobility and robotics and the remaining 3 percent will be spared for oth...
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April 05, 2024
Kia to invest W38tr in future mobility solutions by 2028
Kia, South Korea's second-biggest carmaker, said Friday it will invest 38 trillion won ($28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid ...anned investment over the next five years is revised up from 33 trillion won announced ...
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April 02, 2024
Hyundai Motor grabs triple win in World Car Awards
...tegories, beginning with the Hyundai Ioniq 5 in 2022, followed by the Ioniq 6 in 2023, and now the Kia EV9 in 2024. The Hyundai Ioniq 5 N was also named the 2024 World Performance Car of the Year. Si...ber of awards won by the runner-up Volkswagen Group, which received 33. By brand, t...
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March 28, 2024
Kia EV9 wins world car of year
...024 North American Utility Vehicle of the Year award, German luxury car of the year and UK car of the year. Thanks to the official launch of the three-row electric SUV in the North American market, Kia’s US branch saw its EV sales increase by 65 percent year-over-year through February...
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March 27, 2024
[Hello India] Corporate Korea sees new growth drivers in India
... infrastructure, and the creation the Hydrogen Valley Innovation Hub in partnership with the Indian Institute of Technology Madras, Hyundai's second hydrogen project after Guangzhou, China. Hyundai-Kia already has a significant manufacturing presence in India, with Hyundai operating tw...
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March 26, 2024
Kia hires ex-Mercedes, BMW designers
Kia Corp. on Tuesday announced it has appointed two former designers from Mercedes-Benz and BMW to head its design centers in Europe and China, respectively. Oliver Samson, previously with Mercedes-Benz, and Lim Seung-mo, formerly of BMW, will take on their new roles as head of the ...
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March 26, 2024
Kia hires ex-Benz, BMW designers for Europe, China centers
Kia, South Korea's second-biggest carmaker, said Tuesday it has hired two former Mercedes-Benz and BMW designers for its operations in Europe and China in the latest move to strengthen its design cap...e Jochen Paesen who joined Kia as vice president of its interior design group...
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March 25, 2024
Hyundai Motor ranks 2nd in US EV sales
...lobal Mobility, Automotive News said the Korean auto conglomerate’s three brands -- Hyundai Motor, Kia and Genesis -- combined for 8,262 newly registered EVs in the US in January 2024 to account for 9...of newly registered EVs there from Hyundai Motor increased by 79 percent compared t...
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March 25, 2024
Hyundai Motor to double E-pit fast chargers by 2025
...d also key urban locations. It boasts up to 350kW of power and supports a wide voltage range, making it compatible with the group’s latest EV models. For example, it can boost a Hyundai Ioniq 5 or a Kia EV9 from 10 to 80 percent battery in just 18 and 24 minutes, respectively. Thanks ...
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March 20, 2024
10 automakers fined W10.3 bln for selling cars with subpar safety standards
...ine of 3.5 billion won, followed by Mercedes-Benz Korea with 2.5 billion won. Ford Sales & Service Korea and Porsche Korea were subject to 1 billion won each. The ministry said it also imposed separate fines totaling 39 million won on five companies -- Stellantis Korea, Mercedes-Benz Korea, Volk...
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March 19, 2024
Hyundai Motor Group continues to rack up EV accolades
...s across the globe and is looking to continue adding more to its trophy collection. According to the South Korean auto conglomerate on Tuesday, the EVs of its three brands -- Hyundai Motor Company, Kia and Genesis -- have won 48 awards in 13 countries over the past six months. Of the a...