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Hyundai, Kia`s sales in US rise 17.4 pc in October Combined vehicle sales of Hyundai Motor and Kia in the United States climbed 17.4 per cent (year-on-year) in October due to increased demand for the automakers' hybrid models, the companies said on Monday.  The companies' combined US sales stood at 147,613 units last month, up 17.4 per cent from a year earlier, marking the highest combined sales for any previous October. Hyundai Motor, including Genesis models, sold 78,705 units, up 18.3 percent, while Kia sales gained 16.5...
Hyundai, Kia`s sales in US rise 17.4 pc in October
Hyundai, Kia`s sales in US rise 17.4 pc in October
Source: IANS
2024-11-04 09:25:21 am
Surge in SUV sales revs up India`s auto sector in Oct A surge in SUV sales revved up India's car market during the festive month of October as consumers switched preference to upgraded models on the back of higher incomes in an expanding economy.   Mahindra & Mahindra, Kia Motors, Hyundai, and market leader Maruti Suzuki were among the companies that reported a surge in SUV sales during the month. "We are excited to have clocked the highest-ever SUV sales of 54,504 vehicles in October, a growth of 25 per cent and highest ...
Surge in SUV sales revs up India`s auto sector in Oct
Surge in SUV sales revs up India`s auto sector in Oct
Source: IANS
2024-11-02 10:37:14 am
Hyundai, Kia eye record EV sales of 1 lakh units in US this year Hyundai Motor and its affiliate Kia are expected to see their combined sales of electric vehicles (EVs) surpass 100,000 units this month, according to the companies' data on Sunday.  Hyundai and Kia sold a combined 91,348 units of EVs through September this year, up 30.3 percent from the same period last year, according to the companies. Hyundai's EV sales rose 4.5 per cent on-year to 48,297 units in the January-September period, while Kia saw its sales soar 80.3 per cent t...
Hyundai, Kia eye record EV sales of 1 lakh units in US this year
Hyundai, Kia eye record EV sales of 1 lakh units in US this year
Source: IANS
2024-10-13 10:02:57 am
Hyundai to use $3 billion record India IPO proceeds for new cars, R&D Hyundai Motor plans to use proceeds from a $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for emerging markets. Asked how the IPO proceeds would be used, Unsoo Kim, managing director of Hyundai's Indian unit, said the automaker will "invest aggressively in new products, future technology and research and development capabilities of the India unit". Hyundai is d...
Hyundai to use $3 billion record India IPO proceeds for new cars, R&D
Hyundai to use $3 billion record India IPO proceeds for new cars, R&D
Source: Reuters
2024-10-09 02:56:28 pm
Millions of PMJDY bank accounts helping companies boost sales in rural India There has been a significant uptick in rural private consumption in India, thanks to the Pradhan Mantri Jan Dhan Yojana (PMJDY), which has helped millions open bank accounts seamlessly and join the mainstream. There has been a definitive surge in household consumption in tier 2, 3 and 4 cities and even beyond, as evident in sales growth of two-wheelers, ACs, refrigerators, smartphones and FMCGs in small towns and cities. According to the industry, various consumer financing options, mad...
Millions of PMJDY bank accounts helping companies boost sales in rural India
Millions of PMJDY bank accounts helping companies boost sales in rural India
Source: IANS
2024-09-30 11:17:24 am
Toyota, Maruti launch marketing drive for hybrids in key Indian state From Instagram ads to telesales, Japanese automakers Toyota and Maruti Suzuki are going all out to market their hybrid cars in the most populous Indian state of Uttar Pradesh, aiming to cash in on tax waivers that upset many of their rivals. The waivers have split India's auto industry, with Tata Motors, Mahindra and Mahindra and Hyundai arguing their sales of pure electric cars will suffer. Their lobbying to reverse the July decision failed last month and they now fear other states mi...
Toyota, Maruti launch marketing drive for hybrids in key Indian state
Toyota, Maruti launch marketing drive for hybrids in key Indian state
Source: Reuters
2024-09-03 05:34:00 pm
Hyundai, Kia showcase integrated air taxi service tech Hyundai Motor and Kia, South Korea's leading automotive companies, on Monday held a joint demonstration for their integrated air taxi service technology in Indonesia, the companies said.  The automakers said they held a public event to demonstrate their combined integrated advanced air mobility (AAM) technology at Samarinda Airport near Indonesia's new capital of Nusantara, reports Yonhap news agency. The event was organised to showcase Hyundai and Kia's envisioned dema...
Hyundai, Kia showcase integrated air taxi service tech
Hyundai, Kia showcase integrated air taxi service tech
Source: IANS
2024-07-29 02:28:00 pm
Hyundai, Kia likely to post operating profit of $5.7 billion in Q2 Hyundai Motor and its affiliate Kia are set to post an operating profit exceeding 8 trillion won ($5.7 billion) in the second quarter on improved product mix and production adjustments, a survey showed on Sunday.  Hyundai and Kia are estimated to report an operating profit of 4.28 trillion won and 3.76 trillion won, respectively, in the three months ended in June, according to a Yonhap Infomax survey of local brokerages. Hyundai and Kia's second-quarter operating income likely ...
Hyundai, Kia likely to post operating profit of $5.7 billion in Q2
Hyundai, Kia likely to post operating profit of $5.7 billion in Q2
Source: IANS
2024-07-21 10:34:20 am
Hyundai rules out special worker share allocation despite protests, sources say South Korean carmaker Hyundai Motor has ruled out any special allocation of shares to Indian workers in its forthcoming mammoth Indian stock market listing, despite employee demands, sources close to the matter said on Friday. Hundreds of workers at the company's main Indian plant at Sriperumbudur near Chennai demonstrated this week to demand a share allocation in the upcoming record $3 billion listing, photos and video footage seen by Reuters showed. But Hyundai does not plan to ca...
Hyundai rules out special worker share allocation despite protests, sources say
Hyundai rules out special worker share allocation despite protests, sources say
Source: Reuters
2024-07-12 05:10:51 pm
Hyundai, Kia eye domestic EV sales rebound with entry-level models Automakers Hyundai Motor and Kia are aiming for a rebound in domestic electric vehicle (EV) sales in the second half of the year with reasonably priced new entry-class compact models.  According to industry data, Hyundai Motor sold a total of 16,842 EVs domestically in the January-June period, down 54.7 per cent from a year ago. In June alone, sales fell 36.4 per cent on-year to 3,625 units. Kia sold a total of 16,537 units during the six-month period, recording a 39.9 per cent dec...
Hyundai, Kia eye domestic EV sales rebound with entry-level models
Hyundai, Kia eye domestic EV sales rebound with entry-level models
Source: IANS
2024-07-10 10:04:25 am
Hyundai Motor`s sales in India hit record ahead of planned IPO Hyundai Motor, South Korea's leading automaker, saw its sales hit a record in India in the first half of this year, according to industry data on Sunday, as it has filed for an initial public offering (IPO) worth Rs 25,000 crore for its India unit. According to data from the Federation of Automobile Dealers Associations of India (FADA), Hyundai sold 272,207 units in India from January to June this year, up 2 per cent compared to the 266,760 units sold in the same period in 2023. The...
Hyundai Motor`s sales in India hit record ahead of planned IPO
Hyundai Motor`s sales in India hit record ahead of planned IPO
Source: IANS
2024-07-07 11:56:05 am
India`s auto sector cruises in top gear as higher demand drives up sales India?s auto sector is cruising in top gear in the current financial year with leading players notching up higher sales of cars, two-wheelers and commercial vehicles driven by higher demand in a growing economy.The launch of new models, especially in the SUV segment has driven up the sales of passenger vehicles, while two-wheeler sales have surged on the back of higher rural incomes, according to auto sector executives.The demand for commercial vehicles has also increased, reflecting the high...
India`s auto sector cruises in top gear as higher demand drives up sales
India`s auto sector cruises in top gear as higher demand drives up sales
Source: IANS
2024-07-02 02:02:51 pm
Hyundai Motor, labour union agree to hire 1,100 new plant workers by 2026 Hyundai Motor and its labour union on Friday reached an agreement to hire 1,100 new manufacturing workers by 2026.  The agreement was reached in the tenth round of negotiations related to wages and working conditions held at the company's plant in Ulsan, 299 kms southeast of Seoul, reports Yonhap News Agency. The two sides had previously agreed to hire 300 new production workers next year. On Friday, they agreed to increase the company's plant workforce by an additional ...
Hyundai Motor, labour union agree to hire 1,100 new plant workers by 2026
Hyundai Motor, labour union agree to hire 1,100 new plant workers by 2026
Source: IANS
2024-06-28 04:19:05 pm
Asia to emerge as hot spot for equity deals as India activity surges A possible revival in IPOs in Hong Kong after a pickup in Chinese regulatory approvals, and a string of mega deals in India are expected to make Asia a bright spot for equity deals in the second half of this year, bankers and analysts said. Despite the extended downturn in Asia initial public offerings (IPOs), India's share in Asia equity capital market (ECM) deals is at record high now, and the surge in deals is expected to last for the foreseeable future, they added. India's t...
Asia to emerge as hot spot for equity deals as India activity surges
Asia to emerge as hot spot for equity deals as India activity surges
Source: Reuters
2024-06-28 12:57:37 pm
Exclusive-Hyundai India IPO banks set for country's 2nd biggest payday with $40 million fee, sources say Banks advising South Korean automaker Hyundai on its India IPO are set to make as much as $40 million in fees, three sources said, a windfall in a market where banks typically struggle to make money given cost-conscious clients and fewer big deals. That would be the second-highest fee pot ever for investment banks working on an initial public offering (IPO) in India and it comes amid a sharp surge in equity deals in the country, making it a bright spot in an otherwise dull Asia. Hyundai...
Exclusive-Hyundai India IPO banks set for country's 2nd biggest payday with $40 million fee, sources say
Exclusive-Hyundai India IPO banks set for country's 2nd biggest payday with $40 million fee, sources say
Source: Reuters
2024-06-26 03:35:57 pm
Hyundai deepens India bet, files for IPO that could be country's biggest Hyundai Motor's India unit sought regulatory approval on Saturday for a stock market listing in Mumbai which could be the nation's biggest and will see the South Korean parent sell a stake of up to 17.5% in the company. The IPO will make it the country's first car maker to go public in two decades since Maruti Suzuki in 2003, and would come just as Indian stock markets are trading near record highs. Hyundai counts India as a crucial growth market where it has two manufacturi...
Hyundai deepens India bet, files for IPO that could be country's biggest
Hyundai deepens India bet, files for IPO that could be country's biggest
Source: Reuters
2024-06-15 05:22:52 pm
Hyundai, Kia take record market share of US EV market South Korea's top automaker Hyundai Motor and its sister company Kia captured the largest share of the US market for electric vehicles (EVs) in the first five months of 2024, data showed on Sunday. The two carmakers accounted for 11.2 per cent, or 48,838, of the 437,246 EVs sold in the US market over the January-May period, according to data compiled by the Korea Automobile Manufacturers Association. This marks a sharp rise from 6.8 per cent in 2023 and 10.6 per cent in 2022. In 202...
Hyundai, Kia take record market share of US EV market
Hyundai, Kia take record market share of US EV market
Source: IANS
2024-06-09 10:18:41 am
Eco-friendly cars` sales cross 100,000 in South Korea in Q1  Sales of eco-friendly cars surpassed 100,000 units in the first quarter in South Korea on booming demand for hybrid vehicles, industry data showed on Sunday. A total of 101,727 environment-friendly cars made by five South Korean carmakers, including Hyundai Motor and Kia, were sold during the January-March period, up 8.7 per cent from a year earlier, according to the data. Out of this total, 85,828 units, or 84.4 per cent, were hybrid cars, soaring 42.4 per cent from the same peri...
Eco-friendly cars` sales cross 100,000 in South Korea in Q1
Eco-friendly cars` sales cross 100,000 in South Korea in Q1
Source: IANS
2024-05-05 11:51:30 am
Hyundai Motor to raise stake in autonomous driving JV Motional in US Hyundai Motor Group said on Friday that it will raise its stake in Motional, the group's autonomous driving joint venture in the United States, through a paid-in capital increase, as well as invest in the local venture partner Aptiv. Hyundai Motor Group said the decision for the paid-in capital increase and the acquisition of an 11 per cent stake in the U.S. mobility startup Aptiv was reached to secure stable management authority in Motional to actively develop autonomous driving techn...
Hyundai Motor to raise stake in autonomous driving JV Motional in US
Hyundai Motor to raise stake in autonomous driving JV Motional in US
Source: IANS
2024-05-03 12:22:20 pm
India`s Exide Industries beats Q4 profit view on higher demand Indian battery-maker Exide Industries beat fourth-quarter profit expectations on Tuesday, helped by higher demand in its automotive and industrial products segments. WHY IT'S IMPORTANT Battery makers are set to benefit as sales of electric vehicles, which are powered by lithium-ion batteries, are expected to rise 66% this year in India after nearly doubling in 2023, according to research firm Counterpoint. Exide, which earns two-thirds of its revenue from the automotive market, p...
India`s Exide Industries beats Q4 profit view on higher demand
India`s Exide Industries beats Q4 profit view on higher demand
Source: Reuters
2024-04-30 03:06:08 pm
Hyundai Motor Group plans hybrid car launch in India, sources say Hyundai Motor Group plans to launch its first hybrid cars in India as early as 2026, three sources said, as the South Korean auto group looks beyond electric vehicles to boost its presence in a key auto market. The group, housing Hyundai Motor and Kia Corp, is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources who have direct knowledge of the plans. Hyundai and Kia are both targeting the launch of hybrid SU...
Hyundai Motor Group plans hybrid car launch in India, sources say
Hyundai Motor Group plans hybrid car launch in India, sources say
Source: Reuters
2024-04-30 01:48:43 pm
Hyundai, Kia join China`s Baidu to develop connected cars  South Korea's top carmaker Hyundai Motor and its affiliate Kia said on Sunday that they have inked an agreement with China's tech giant Baidu to develop technologies for connected cars. Under the memorandum of understanding signed in Beijing last week, the two South Korean carmakers and Baidu will join hands in a wide array of areas, including connectivity and self-driving technologies. Hyundai and Kia will also utilise Baidu's smart cloud computing technology to addre...
Hyundai, Kia join China`s Baidu to develop connected cars
Hyundai, Kia join China`s Baidu to develop connected cars
Source: IANS
2024-04-28 10:27:17 am
Will make India our global export hub: Hyundai Motor chief The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilise the country as a key export hub for the South Korean automaker, the group said on Thursday. Over the past year, Hyundai Motor Group has announced new investment plans in India totalling approximately 5 trillion won ($3.75 billion), reflecting the group's intent to better target one of the fastest growing major automotive markets in the world. Euisun Chung, Hyundai...
Will make India our global export hub: Hyundai Motor chief
Will make India our global export hub: Hyundai Motor chief
Source: IANS
2024-04-25 11:48:31 am
Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65 pc Four major conglomerates saw their combined operating profit plunge 65 per cent last year, hit by sluggish sales amid an economic slowdown, a report showed on Wednesday. Some 306 affiliates of four conglomerates -- Samsung, SK, Hyundai Motor and LG -- posted a combined operating profit of 24.51 trillion won ($17.9 billion) in 2023, down from 71.91 trillion won a year earlier, according to the report by the Korea CXO Institute, a corporate data firm. Samsung Group, the country's bigg...
Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65 pc
Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65 pc
Source: IANS
2024-04-24 10:17:47 am
Hyundai Motor signs 174-MW renewable energy deal for EV plant in US Hyundai Motor Group said on Monday it has signed a 174-megawatt power purchase agreement (PPA) with a solar energy project led by Spain's Matrix Renewables to power its envisioned electric vehicle (EV) plant in the United States with renewable energy. The 15-year PPA with the Matrix Renewables-led Stillhouse Solar Project from 2025 to 2040 will be used to operate Hyundai Motor Group Metaplant America, the South Korean auto giant's first dedicated EV mass production plant in the Nor...
Hyundai Motor signs 174-MW renewable energy deal for EV plant in US
Hyundai Motor signs 174-MW renewable energy deal for EV plant in US
Source: IANS
2024-04-22 09:45:53 am
Hyundai, Kia's Q1 sales in Europe drop 1.3 pc year-on-year The combined vehicle sales of South Korea's leading automakers Hyundai Motor and Kia fell 1.3 per cent from a year ago in the first quarter (Q1) of 2024 in Europe, industry data showed on Thursday. According to data from the European Automobile Manufacturers' Association both automakers sold a combined 2,78,432 units in Europe during the January-March period, down 1.3 per cent from the same period last year. The data showed Hyundai Motor's sales inched up 1.3 per cent to 1,3...
Hyundai, Kia's Q1 sales in Europe drop 1.3 pc year-on-year
Hyundai, Kia's Q1 sales in Europe drop 1.3 pc year-on-year
Source: IANS
2024-04-19 09:22:02 am
Hyundai Motor & Kia set to top $72 billion in combined market cap The combined market capitalisation of Hyundai Motor and Kia is widely expected to surpass the 100 trillion-won ($72.2 billion) mark this year, according to industry watchers. Currently, the combined market capitalisation of the two companies stands at 94.38 trillion won, with Hyundai Motor valued at 50.23 trillion won and its sister unit Kia valued at 44.14 trillion won. Since the start of 2024, Hyundai Motor's stock price has climbed by approximately 16.9 per cent, and Kia's st...
Hyundai Motor & Kia set to top $72 billion in combined market cap
Hyundai Motor & Kia set to top $72 billion in combined market cap
Source: IANS
2024-04-14 01:44:46 pm
Hyundai unveils new Grand i10 NIOS edition at Rs 6.93 lakh in India Automaker Hyundai Motor on Thursday launched the corporate edition of the 'Grand i10 NIOS' at an introductory price of Rs 6,93,200 in India. The new vehicle comes available in seven colours -- Atlas White, Typhoon Silver, Titan Grey, Teal Blue, Fiery Red, Spark Green, and the newly added Amazon Grey. "The 'corporate variant' will offer peace of mind with affordable cost of ownership, backed by Hyundai Motor India’s robust warranty package and nationwide servic...
Hyundai unveils new Grand i10 NIOS edition at Rs 6.93 lakh in India
Hyundai unveils new Grand i10 NIOS edition at Rs 6.93 lakh in India
Source: IANS
2024-04-11 02:48:26 pm
Foreigners net purchased record $11.7 billion shares in South Korea in Q1 Foreigners net purchased over 15 trillion won ($11.7 billion) worth of local shares in the first three months of the year in South Korea, breaching the 15 trillion-won mark for the first time in history, data showed on Saturday. Foreign investors scooped up a net 15.77 trillion won worth of shares in the first quarter, the highest quarterly figure since the country's main stock exchange KRX began compiling such data in 1998. The previous record was 14.79 trillion won tallied in the ...
Foreigners net purchased record $11.7 billion shares in South Korea in Q1
Foreigners net purchased record $11.7 billion shares in South Korea in Q1
Source: IANS
2024-03-30 10:51:25 am
Hyundai Motor, Kia's sells 5mn eco-friendly cars globally South Korea's biggest carmakers Hyundai Motor and Kia have sold more than an accumulated 5 million eco-friendly vehicles in the global market over the past 15 years, company officials said on Sunday. The officials informed that the two companies sold a total of 5.11 million units of eco-friendly cars, including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), electric vehicles (EVs), and fuel cell electric vehicles (FCEVs), as of end-January, surpassing the 5 ...
Hyundai Motor, Kia's sells 5mn eco-friendly cars globally
Hyundai Motor, Kia's sells 5mn eco-friendly cars globally
Source: IANS
2024-03-17 01:59:17 pm
India`s Tata Motors to build $1.1 billion plant in Tamil Nadu India's Tata Motors has signed a deal to build a 90 billion rupee ($1.09 billion) manufacturing plant in Tamil Nadu, the southern state's industries minister said on Wednesday on social media platform X. The investment would be spread over five years and could create up to 5,000 jobs, Tata Motors said in an exchange filing. Tata Motors, which makes cars, trucks and buses, did not specify what vehicles it would make at the new plant. The announcement comes only days after Viet...
India`s Tata Motors to build $1.1 billion plant in Tamil Nadu
India`s Tata Motors to build $1.1 billion plant in Tamil Nadu
Source: Reuters
2024-03-14 09:23:45 am
GAIL cuts CNG prices by Rs 2.50 per kg  GAIL (India) Limited, and its wholly owned subsidiary, GAIL Gas Limited on Saturday announced a reduction in the prices of Compressed Natural Gas (CNG) by Rs 2.50 per kg across several key locations in India where it operates retail outlets. The move comes close on the heels of Indraprastha Gas Limited (IGL) reducing the selling price of gas in Delhi and the National Capital Region (NCR) by Rs 2.50 per kg with effect from Thursday. This reduction underscores GAIL's commitment ...
GAIL cuts CNG prices by Rs 2.50 per kg
GAIL cuts CNG prices by Rs 2.50 per kg
Source: IANS
2024-03-10 08:55:01 am
Hyundai, Kia unveil latest electrification technology for EVs South Korea's leading automakers Hyundai Motor and Kia said on Wednesday that they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition here. The annual trade show, now in its seventh year, is hosted by the Ministry of Environment to promote technologies and the adoption of EVs. This year's three-day event kicked off at the COEX convention center in southern Seoul, reports Yonhap news agency. Hyundai Motor has set up sp...
Hyundai, Kia unveil latest electrification technology for EVs
Hyundai, Kia unveil latest electrification technology for EVs
Source: IANS
2024-03-06 12:54:32 pm
Hyundai Motor`s sales up 6 pc in US due to hybrids, EVs South Korea's top automaker Hyundai Motor said on Saturday that it recorded a 6 percent increase in its sales in the United States last month. It sold a total of 60,341 units in the world's largest auto market last month, compared with sales of 57,044 units a year earlier. The gain was led by a rise in eco-friendly models, such as hybrid and electric vehicles, reports Yonhap news agency. "Hyundai's sales of electric vehicles and plug-in hybrids are steadily rising, w...
Hyundai Motor`s sales up 6 pc in US due to hybrids, EVs
Hyundai Motor`s sales up 6 pc in US due to hybrids, EVs
Source: IANS
2024-03-02 12:48:31 pm
Volkswagen Group`s Skoda eyes larger pie in India with new small SUV Volkswagen Group-owned Skoda's Indian unit on Tuesday said it will launch a small sport utility vehicle (SUV) by the second half of 2025 as it looks to take on larger rivals Tata Motors and Hyundai in the country's fastest-growing segment. The new SUV, slated to be Skoda's entry-level offering in India, will be aimed at cost-conscious city and small town buyers and is a part of the company's plan to reach total annual sales of 100,000 in the country by fiscal 2026. It to...
Volkswagen Group`s Skoda eyes larger pie in India with new small SUV
Volkswagen Group`s Skoda eyes larger pie in India with new small SUV
Source: Reuters
2024-02-27 03:36:10 pm
Hyundai, Kia`s overseas car production tops 3.68 mn units in 2023 The combined overseas production of Hyundai Motor and Kia, including in India, surpassed 3.68 million units in 2023, setting the biggest offshore output since the outbreak of the Covid-19 pandemic, data showed on Monday. According to data from the Korea Automobile Manufacturers Association, Hyundai Motor and Kia, South Korea's leading automakers, produced 3,678,831 finished vehicles at 13 overseas production bases last year., reports Yonhap news agency. Hyundai produced 2,243,069 ve...
Hyundai, Kia`s overseas car production tops 3.68 mn units in 2023
Hyundai, Kia`s overseas car production tops 3.68 mn units in 2023
Source: IANS
2024-02-26 10:32:45 am
LG Energy plans to sell batteries to more EV car makers in India South Korea's LG Energy Solution, the biggest supplier of battery cells to electric scooter makers in India, plans to grow its presence in the country's passenger vehicle market, the company said in a statement on Thursday. LG Energy, which globally supplies batteries to car makers like Tesla and Hyundai, said it is "proactively seeking partnerships" with domestic EV makers as it looks to grow its business in one of the world's fastest-growing car markets. The company...
LG Energy plans to sell batteries to more EV car makers in India
LG Energy plans to sell batteries to more EV car makers in India
Source: Reuters
2024-02-08 12:58:47 pm
CES organiser gives thumbs-up to South Korean firms like Samsung, Hyundai More than 4,000 companies from 150 countries participated in CES 2024, an annual global event held in Las Vegas. It has served as a key platform for global companies, both big and small, to unveil innovations and contribute to the discourse on emerging technologies. Among them, more than 800 companies were from South Korea, making it the third-largest exhibitor after the United States and China at this year's event. A senior official from the Consumer Technology Association (CTA), t...
CES organiser gives thumbs-up to South Korean firms like Samsung, Hyundai
CES organiser gives thumbs-up to South Korean firms like Samsung, Hyundai
Source: IANS
2024-01-15 09:46:45 am
Hyundai, Kia`s combined exports set to hit 2 mn in 2023 Hyundai Motor, South Korea's top carmaker, and its sister company, Kia, are set to post combined exports of 2 million units in 2023, data showed on Sunday, on the back of the post-pandemic market recovery. Hyundai and Kia shipped 945,062 and 867,136 respective units of automobiles over the January-October period, according to the Korea Automobile & Mobility Association, reports Yonhap news agency. The combined figure represented a 17.5 percent rise from the same period in 2022, ...
Hyundai, Kia`s combined exports set to hit 2 mn in 2023
Hyundai, Kia`s combined exports set to hit 2 mn in 2023
Source: IANS
2023-12-10 11:44:14 am
Hyundai, Kia unveil new EVs, concept models Hyundai Motor and its affiliate Kia said on Friday they have unveiled their latest electric vehicle (EV) units and concept models under way at the 2023 Los Angeles Auto Show as the companies strengthen their electric portfolios. Hyundai debuted the Ioniq 5 N, the first high-performance EV model of the company's N brand aimed at the North American market. The Ioniq 5 N is equipped with a high-performance all-wheel-drive system and a high-output 84 kilowatt-hour battery, providing a c...
Hyundai, Kia unveil new EVs, concept models
Hyundai, Kia unveil new EVs, concept models
Source: IANS
2023-11-17 03:59:07 pm
Amazon partners Hyundai to start selling cars online next year Amazon, which started with selling books to finally conquer the vast e-commerce space, will now sell cars online, partnering with South Korean automaker Hyundai to begin with. The e-commerce giant and Hyundai announced to start selling vehicles on its website in the second half of 2024. Hyundai vehicles will be sold on Amazon's US online store with other brands following later in the year, the companies announced during the ‘2023 LA Auto Show’ late on Thursday. Amazon al...
Amazon partners Hyundai to start selling cars online next year
Amazon partners Hyundai to start selling cars online next year
Source: IANS
2023-11-17 09:55:36 am
Hyundai, Kia sell over 1 lakh EVs using electric-only platform in US in 2 yrs South Korea's leading carmaker Hyundai Motor and its sister Kia saw the combined sales of their electric vehicles using their electric-only dedicated platform top 100,000 in the United States in the past two years. A total of 101,976 Hyundai and Kia cars using the electric global modular platform (E-GMP), exclusively designed for EVs, were sold stateside from December 2021 to October 2023, according to the companies, reports Yonhap news agency. The two companies have put the four E-...
Hyundai, Kia sell over 1 lakh EVs using electric-only platform in US in 2 yrs
Hyundai, Kia sell over 1 lakh EVs using electric-only platform in US in 2 yrs
Source: IANS
2023-11-05 02:07:37 pm
Hyundai, Kia partner Germany`s top automotive chipmaker South Korea's leading carmakers Hyundai Motor and Kia said on Wednesday that they have inked a strategic partnership with the German automotive chipmaker Infineon Technologies AG, so as to secure its power semiconductor supply chain.Under the deal, sealed in Munich, Germany, the companies will cooperate in developing power semiconductors, a key component for eco-friendly cars to control and convert electric power, according to the South Korean companies, reports Yonhap news agency.Hyundai and...
Hyundai, Kia partner Germany`s top automotive chipmaker
Hyundai, Kia partner Germany`s top automotive chipmaker
Source: IANS
2023-10-18 05:42:31 pm
Hyundai, Kia sell over 2 lakh eco-friendly cars in US from January-September Hyundai Motor, South Korea's biggest carmaker, and its affiliate Kia sold more than a combined 200,000 eco-friendly vehicles in the United States in the January to September period, the companies said on Sunday.The two automakers have sold a combined 213,270 eco-friendly cars in the U.S. in the first nine months, up 61.6 per cent from the 131,986 logged over the same period last year.The tally was also higher than the annual sales of 182,627 eco-friendly cars sold in the U.S. in 2022, reports...
Hyundai, Kia sell over 2 lakh eco-friendly cars in US from January-September
Hyundai, Kia sell over 2 lakh eco-friendly cars in US from January-September
Source: IANS
2023-10-16 10:28:19 am
Cars, SUVs turn costlier amid rising demand in festive season Consumers will have to shell out more as automobile manufacturers have hiked prices of hot-selling cars and SUVs from October 1 amid rising demand in the festive season.Mahindra & Mahindra has raised the prices of its Thar, Scorpio, XUV 300 and XUV 700 models by up to Rs 81,000, while South Korean auto major Kia has increased the price of its popular SUV Seltos and multipurpose vehicle Carens by up to Rs 50,000.   The country?s second largest carmaker Hyundai has hiked the ...
Cars, SUVs turn costlier amid rising demand in festive season
Cars, SUVs turn costlier amid rising demand in festive season
Source: IANS
2023-10-02 02:25:29 pm