Hyundai Motor Co. and Kia Motors Corp., which suffered a severe slump in the first half of 2020 due to the spread of COVID-19, are staging a recovery.Hyundai Motor's global average operating rate stood at 79.7 percent in the third quarter. The figure reached 87.7 percent in the first quarter of
Hyundai Motor Group is ranked fourth in worldwide electric vehicle (EV) sales in 2020.Hyundai Motor Co. and Kia Motors Corp. sold a combined total of 60,707 EVs worldwide as of July, ranking fourth among global brands, according to the Korea Automotive Technology Institute’s analysis of SNE Research
Hyundai Motor Group and SK Innovation Co. have agreed to cooperate in the development of a sustainable ecosystem for electric vehicle (EV) batteries that are key to the future mobility industry.The two parties announced on Sept. 8 their plan to cooperate in diverse business areas related to the EV b
SK Innovation has signed to add another US$940 million investment to expand the EV battery manufacturing plant located in Commerce, Georgia, the United States.Governor of Georgia Brian P. Kemp, Georgia Department of Economic Development (GDEcD) Commissioner Pat Wilson, Chairman of the Jackson County
Hyundai Motor Group senior vice chairman Chung Eui-sun and LG Group chairman Koo Kwang-mo met at LG Chem's Ochang plant in Cheongju, North Chungcheong Province, on June 22, and exchanged opinions on future electric vehicle (EV) batteries.The Ochang plant is a future production base for LG Chem,
Hyundai Motor and Kia Motors have joined hands with a U.S. company to jointly develop a next-generation electric vehicle (EV) platform.Hyundai-Kia and Canoo announced on Feb. 12 that they have signed a mutual cooperation agreement on the development of next-generation electric vehicles at the Canoo
Hyundai Motor Group ranked fourth in the European car market as its market share rebounds to the 8 percent range in one year. Excluding European carmakers, the combined share of Hyundai Motor and Kia Motors came in first in the market.Hyundai and Kia jointly recorded an 8.0 percent share in 28 EU me
Hyundai Motor announced on Oct. 28 (local time) that it has signed a memorandum of understanding (MOU) with Israel's largest logistics company Taavura to secure future technology.Taavura is a road transport and air cargo services company established in 1955 and has recently expanded its business
Last year, China became the world's largest market for electric vehicles (EVs). Among EV brands, Toyota ranked first, followed by Hyundai-Kia Automotive Group.In 2018, worldwide sales of EVs, including hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), plug-in hybrid electric veh
Hyundai-Kia Automotive Group has set their global sales target at 7.6 million units this year, slightly higher than that of last year. As uncertainties such as global trade disputes persist, the automotive group set its sales goal as conservatively as possible, hoping for an earnings improvement com
Hyundai-Kia Motors unveiled a 3D graphic image of a smart self-parking and self-charging concept car on Dec. 28.The newly released video shows an autonomous car that finds an empty parking space on its own and charges itself after the driver gets off after arriving at the destination.The video ends
Hyundai Motor and Kia Motors are expected to record the highest-ever market shares in emerging markets such as Brazil, Russia, India and Mexico this year.According to the automobile industry on Dec. 2, Hyundai and Kia sold 1,101,215 units in the four major emerging markets of Brazil, Russia, India a
Hyundai Motor Co. and its affiliate Kia Motors Corp., the two biggest carmakers in South Korea, announced on Nov. 7 that they have decided to invest US$250 million (284 billion won) to buy stakes in Southeast Asian ride-hailing firm Grab Inc.Including the upfront investment of US$25 million (28.4 bi
Hyundai-Kia Automotive Group and Kakao Corp. announced on August 30 that they have started a joint development project aimed at installing Kakao Mini smart speaker functions on Hyundai-Kia vehicles from next year.The two companies have decided to jointly develop a technology that will optimize smart
Hyundai-Kia Motors has developed the next generation sound system called “separate sound zone (SSZ) for the first time in the world,” which enables occupants in each seat to listen to different music or sound. Using this technology, occupants can have private conversations without an invasion of pri
Samsung Electronics and Kia Motors have launched a co-marketing campaign. It has been 12 years since 2006 that Samsung Group and Hyundai Motor Group, Korea’s two largest conglomerates (in terms of asset), are holding big-scale co-marketing.Kia Motors announced on July 31 that it will carry out “The-
Google has released an automobile app, Android Auto, in partnership with domestic companies such as Hyundai-Kia Motors and Kakao Mobility.Google officially announced the release of Android Auto at a press conference on July 12 at KiaBit 360 in Apgujeong-dong, Gangnam-gu, Seoul.Android Auto is an app
Hyundai-Kia Motors has decided to enhance strategic cooperation with Baidu, one of China's largest Internet companies, to reach China's future automobile market.Hyundai-Kia Motors signed a memorandum of understanding (MOU) on strategic collaboration for connected cars at Baidu’s headquarters
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. is planning to establish a production system for 23 environmentally friendly cars by 2020.According to a Hyundai-Kia Motors’ new vehicle project plan on April 12, the two companies will build the largest production system in history for 23
The Hyundai Motor Group will introduce wearable robots to automobile production lines late this year. This will mark the first time that a wearable robot is put into an automobile production line in Korea. Wearable robots are literally robots that workers wear to work better and faster at their work