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Latest Articles in hyundai motor

South Korea's Hyundai Motor, LG Chem Considering EV Battery JV In Indonesia

Global automakers are moving to secure electric vehicle batteries in anticipation of a rise in EV sales due to government subsidies and quotas designed to cut carbon emissions.

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EU Resumes Hyundai, Daewoo Deal Probe, Sets September 3 Deadline

Hyundai and Daewoo, which make large container ships and carriers of oil, liquefied natural gas and liquefied petroleum gas, are under pressure to offer concessions to address such regulatory concerns.

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Indian Carmakers Offer Teaser Loans As Banking Sources Say RBI Softens Stance

The Reserve Bank of India said their terms were not transparent and warned that similar products had been instrumental in the 2007-2008 subprime crisis in the United States.

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HMIL Registers Cumulative Sales Of 12,583 Units In May 2020

Close to 15 000 Customer Bookings received across models and around 11 000 new cars delivered to customers in May 2020

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Hyundai Motor's May Sales Fall Sharply Y/Y On COVID-19 Impact

Hyundai Motor's sister company Kia Motors announced provisional May sales of 160,913 vehicles, down 33% from a year ago

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Kia Motors Considers Halting Three South Korean Plants As Virus Hits Exports

Kia Motors is currently reviewing the suspension of some of its plants in Korea in response to declining global demand due to COVID-19.

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Hyundai Reports Lowest Monthly Sales In Decade As Virus Dents Demand

Hyundai was the first major automaker to flag a hit to its manufacturing outside China when it halted production at home, its biggest manufacturing base.

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Powered By Hydrogen, Hyundai's Trucks Aim To Conquer The Swiss Alps

Hyundai declined to say how much its subsidies will amount to. Globally, the company is betting heavily on hydrogen with plans to spend $6.7 billion on hydrogen technology by 2030.

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Hyundai Shuts Down Factory After Worker Tests Positive For Coronavirus

Hyundai operates five car factories in Ulsan, which has an annual production capacity of 1.4 million vehicles, or nearly 30% of Hyundai's global production. Hyundai employs 34,000 workers there in the world's biggest car complex.

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Hyundai Bet Big On China, Now Coronavirus Is Twisting Its Supply Chain

Now Kyungshin, which supplies almost half of the wiring harnesses for Hyundai's auto electrical systems in the carmaker's South Korean manufacturing hub, is scrambling to make up for production shortfalls.

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Factbox: Some Carmakers Likely To Restart China Factories After Shutting For Coronavirus

Ford Motor said last month it planned to resume production on Feb. 10 at its factories in Chongqing and Hangzhou with joint venture partner Chongqing Changan Automobile.

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South Korea Asks China For Help In Resuming Production At Auto Parts Plants

Hyundai Motor has suspended most production in South Korea as of Friday because the coronavirus outbreak in China has disrupted the supply of parts, becoming the first major car maker outside of China to do so.

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Hyundai To Halt South Korea Output As Virus Disrupts China Parts Supply

Hyundai's South Korean factories will be fully idled from Feb. 7, while some production lines are expected to restart on Feb. 11 or Feb.

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Hyundai Unveils First Genesis SUV In Renewed Overseas Premium Push

An initiative of Hyundai Motor Group heir-apparent Euisun Chung aimed at revamping the image of the value-for-money automaker.

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