Hyundai Motor sales
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Automobiles
Hyundai Motor Group holds firm as world’s No. 3 carmaker
South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...
Jan 21, 2024 (Gmt+09:00)
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Markets
S.Korean securities downgrades GS E&C’s investment opinion
Hyundai Motor Securities downgraded its investment opinion on GS Engineering & Construction Corp. (GS E&C) from "Buy" to "Market Perform" on...
Jan 19, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia dominate US Best Cars for the Money
Hyundai Motor Group announced on Friday that Hyundai Motor Co. and Kia Corp. have top seven categories in the 2024 Best Cars for the Money awards in...
Jan 19, 2024 (Gmt+09:00)
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Batteries
Hyundai Motor signs 4-year lithium deal with Ganfeng Lithium
Hyundai Motor Group will acquire lithium hydroxide, a key raw material for electric vehicle batteries, from the world’s No. 1 supplier Ganfeng...
Jan 19, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia rank 4th in Europe with record 2023 sales
South Korea’s top automaker Hyundai Motor Group saw its vehicle sales in Europe rise to a fresh record high in 2023, driven by sport utility v...
Jan 18, 2024 (Gmt+09:00)
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Electric vehicles
POSCO Int'l to supply motor cores to Hyundai, Kia in Europe
POSCO International Corp. announced on Thursday that it has secured an order for 1.03 million units of motor cores, which will be featured electric ...
Jan 18, 2024 (Gmt+09:00)
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Automobiles
Hyundai N Vision 74 wins 2023 Good Design Award
Hyundai Motor Group announced on Thursday that its nine products across Hyundai Motor Co., Kia Corp., and premium brand Genesis have received top ...
Jan 18, 2024 (Gmt+09:00)
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Corporate bonds
Korean corporate debt sale hits snag amid Taeyoung woes
The South Korean corporate bond market is taking a direct hit from growing credit crunch concerns in the country’s construction sector trigger...
Jan 17, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai sells Chongqing plant at $227 mn for China restructuring
Hyundai Motor Co. has sold its plant in Chongqing for $227 million as the leading South Korean carmaker continues restructuring its business to surv...
Jan 17, 2024 (Gmt+09:00)
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Future mobility
Hyundai Motor to launch advanced vehicle platform R&D division
South Korea’s top automaker Hyundai Motor Group will launch an advanced vehicle platform (AVP) research and development division, combining it...
Jan 16, 2024 (Gmt+09:00)
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Automobiles
Korea’s Kia to set up sales unit in Thailand; EV plant an option
South Korea’s second-largest automaker Kia Corp. plans to establish a sales subsidiary in Thailand as part of its electric vehicle push in the...
Jan 16, 2024 (Gmt+09:00)
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Economy
Semiconductors power Korea’s tech exports to 15-month high
South Korea’s tech products exports rose for a second straight month to a 15-month high in December 2023 as overseas sales of semiconductors e...
Jan 16, 2024 (Gmt+09:00)
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Automobiles
Mojave Proving Ground: Backbone of Hyundai, Kia’s success in US
CALIFORNIA CITY, Calif. – The Mojave Desert, known by locals as the "high desert," lies some 170 km northeast of Los Angeles, California. In t...
Jan 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chem’s sale of Pakistani PTA unit falls through
Lotte Chemical Corp.'s plan to sell off its Pakistani PTA subsidiary to local chemicals producer Lucky Core Industries Ltd. has collapsed, a year af...
Jan 15, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor to invest $845 million to expand India’s Talegaon plant
South Korea’s top automaker Hyundai Motor Co. will invest 70 billion Indian rupees ($845 million) to expand and upgrade its Indian car manufac...
Jan 15, 2024 (Gmt+09:00)
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Metaverse
Hyundai Motor launches 'Hyundai Future Adventure' on Roblox
Hyundai Motor Co. announced on Monday that it will launch a new game "Hyundai Future Adventure" on the popular metaverse platform Roblox, where user...
Jan 15, 2024 (Gmt+09:00)
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Business & Politics
Former Hyundai Mobis CEO embarks on ISO president term
In a significant achievement for South Korea, Cho Sung-hwan, an advisor to Hyundai Mobis, has been elected as the first Korean president of the Inte...
Jan 15, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia offer up to $7,500 discounts for EVs in US
Hyundai Motor Group., the No. 2 electric vehicle brand in the US, is offering discounts of up to $7,500 for their EVs in the country — the max...
Jan 14, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Elec to expand ad-supported streaming service with TV OS
LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to expand its free ad-supported streaming television (FAST) busines...
Jan 12, 2024 (Gmt+09:00)
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Automobiles
Hyundai unveils IONIQ 5 N concept NPX1 in Japan
Hyundai Motor Co. announced on Friday that it unveiled the high-performance electric vehicle (EV) IONIQ 5's N Performance Concept model NPX1 for the...
Jan 12, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
Hyundai, Samsung-backed startups vie for spotlight at CES
LAS VEGAS – At CES, big tech names often take center stage but this is also a dream place for underdogs to become rising stars with unconventi...
Jan 11, 2024 (Gmt+09:00)
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Travel & Leisure
Seoul kicks off Korea Grand Sale 2024 to double foreign tourists
South Korea on Thursday kicked off a push to nearly double the number of foreign tourists visiting the country this year to 20 million by hosting a ...
Jan 11, 2024 (Gmt+09:00)
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Batteries
Hyundai Motor in deal to secure lithium hydroxide from China’s Chengxin
South Korea’s top automaker Hyundai Motor Group has agreed to secure lithium hydroxide, a key raw material for electric vehicle batteries, fro...
Jan 11, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Elec to raise capex, R&D spending; eyes acquisition
LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to spend more on capital expenditures, as well as research and deve...
Jan 11, 2024 (Gmt+09:00)
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Samsung Group
Samsung heirs tap $2.1 bn block sale for inheritance taxes
The heirs of late Samsung Group Chairman Lee Kun-hee are seeking to sell their shares in Samsung Electronics Co. and other Samsung affiliates worth ...
Jan 10, 2024 (Gmt+09:00)
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Electronics
Samsung Electro-Mechanics eyes turnaround with Galaxy AI
Samsung Electro-Mechanics Co., the top electronic components maker in South Korea, aims for a turnaround this year with the launch of the first arti...
Jan 10, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
Supernal debuts upgraded flying-car concept; Hyundai reveals MOBION
LAS VEGAS – Supernal LLC, the US-based urban air mobility (UAM) affiliate of South Korea’s Hyundai Motor Group, has unveiled its latest ...
Jan 10, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
Hyundai’s 42dot, Samsung to develop AI-powered SDV platform
LAS VEGAS – Hyundai Motor Group’s self-driving technology unit 42dot Inc. will develop an artificial intelligence-powered software-defin...
Jan 10, 2024 (Gmt+09:00)
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Earnings
Disappointing LG Energy earnings dim outlook amid weak EVs
LG Energy Solution Ltd., the world’s second-largest battery maker, disappointed investors with quarterly earnings on the sluggish global elect...
Jan 09, 2024 (Gmt+09:00)
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Batteries
STX invests in stake in 1.5 mn ton lithium deposit in Peru
STX Corp., a South Korean general trading company, has secured lithium, a key material for secondary batteries, and obtained a stake in a lithium mi...
Jan 09, 2024 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators