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The Korea Herald

Automobiles

May 20, 2024
First glimpse of Hyundai Motor's new landmark complex in Gangnam

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
May 19, 2024
Hyundai-Kia marks 40 years of partnerships with over 100 suppliers: report

There are more than 100 suppliers that have been working with Hyundai Motor Group for more than 40 years, the auto giant’s recent shared growth report found Sunday. As of the end of last year, Hyundai and Kia, the two Hyundai brands, have been doing business with 105 suppliers for over four decad...
May 17, 2024
Korean firms target EV charging market in US

Lotte and SK both made announcements of progress in their entries to the US EV charging market Thursday, joining LG as Korean conglomerates competing in the burgeoning sector. Lotte Innovate announced Thursday that it had recently established EVSIS America, a US unit of its EV charging subsidiary ...
May 16, 2024
Hyundai, KAIST develop world’s 1st technology to extend lifespan of LFP battery

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
May 16, 2024
[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut

Motional, Hyundai Motor Group’s robotaxi service joint venture in the United States, has hit a rough patch recently, facing major investor pullouts, a delayed service launch and a drastic 40 percent workforce reduction. This turbulence comes as Elon Musk recently announced Tesla’s plans to launc...
May 14, 2024
Kia rolls out new EV6 with longer range but no price hike

Under the hood, the EV6 houses a fourth-generation 84 kilowatt-hour battery that increases the driving range from the previous 475 km to 494 km, as certified by the Korean Ministry of Environment. This increase is achieved via an upgrade from the previous 77.4 kWh battery, alongside improvements in...
May 13, 2024
[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps

Hyundai Motor Group’s plan to build a new headquarters called Global Business Center, or GBC, as a landmark in southern Seoul still faces bumps after having already undergone decade-long obstacles as it continues struggling with the Soul Metropolitan Government to find common ground on height. Th...
May 12, 2024
Motional delays self-driving service launch to 2026 following Hyundai investment

Hyundai Motor Group's joint venture Motional announced staff reductions and a two-year delay to its driverless taxi service plans last week, following the group's 1.29 trillion won ($941 million) injection into the startup earlier this month , reflecting growing industry pessimism about the viabi...
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 Korean auto conglomerate said Friday. Hyundai Motor will spend 663 billion won in capital increase a...
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 initiative using the company's hydrogen fuel cell technology to bring zero-emission freight transport...
May 02, 2024
Mercedes-Benz Financial names new Korea chief

Mercedes-Benz Financial Services Korea announced Thursday that Thomas Waggershauser, an automotive finance expert, has been appointed as its new CEO. The new Korea chief is an industry veteran with a career spanning 20 years at Mercedes-Benz Mobility, the financial service company affiliated with ...
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 cultural inclusivity and global market presence. This marks the first time Hyundai Motor has openly recru...
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 automotive market. At the Beijing Auto Show, one of the biggest motor shows that has returned in-person...
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, one of the regions that has contributed the most to the growth of Hyundai Motor Group, has overcome ...
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 Thursday. Chung Euisun, Hyundai Motor Group's executive chair, visited the group's Indian headquar...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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