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Hyundai Motor to join Google to advance software capabilities for future mobility South Korean auto giant Hyundai Motor Group said on Thursday it will join hands with Google to strengthen its automotive software system and deliver next-generation navigation and infotainment experiences for drivers.  Under the partnership, Hyundai Motor will adopt Google's Android Automotive Operating System (AAOS) and use Google Maps' geolocation information service, called the Places API, to upgrade its navigation capabilities, according to company officials. Rather tha...
Hyundai Motor to join Google to advance software capabilities for future mobility
Hyundai Motor to join Google to advance software capabilities for future mobility
Source: IANS
2024-12-12 09:56:33 am
Tata Motors, Kia India to increase prices across passenger vehicles portfolio  Tata Motors on Monday announced to hike prices by up to 3 per cent across its passenger vehicles (PVs) portfolio, including electric vehicles (EVs).  Effective from January, the price increase will vary depending on model and variant, and is being taken to partially offset the rise in input costs and inflation, said the automaker. Kia India also announced up to 2 per cent price hike across its entire lineup, effective from January 1, “primarily due to rising commodity p...
Tata Motors, Kia India to increase prices across passenger vehicles portfolio
Tata Motors, Kia India to increase prices across passenger vehicles portfolio
Source: IANS
2024-12-09 04:58:34 pm
Hyundai Motor to buy back $716 million in shares to enhance shareholder value Hyundai Motor said on Wednesday it will buy back 1 trillion won ($716 million) worth of its own shares as part of efforts to boost its shareholder value.  In the buyback plan approved by the board of directors, Hyundai will repurchase 4.66 million shares, worth 1 trillion won, within a three-month period starting Thursday, the company said in a regulatory filing. They account for 1.7 per cent of the company's overall listed shares. Hyundai said the purpose of the repurchase is ...
Hyundai Motor to buy back $716 million in shares to enhance shareholder value
Hyundai Motor to buy back $716 million in shares to enhance shareholder value
Source: IANS
2024-11-27 01:47:58 pm
Hyundai Motor, Kia showcase latest electric SUVs at LA Auto Show  Hyundai Motor said on Friday it has showcased the Ioniq 9, the company's first large electric SUV at the Los Angeles Auto Show, along with over 40 other models.  The Ioniq 9 is set to launch in early 2025, starting in South Korea, followed by rollouts in the United States, Europe and other regions. For the US market, the vehicle will be manufactured at the Hyundai Motor Group Metaplant America, the automaker's dedicated EV plant in Georgia, reports Yonhap news agency....
Hyundai Motor, Kia showcase latest electric SUVs at LA Auto Show
Hyundai Motor, Kia showcase latest electric SUVs at LA Auto Show
Source: IANS
2024-11-22 09:34:42 am
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
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
Over 60 pc of South Korea`s automotive exports shipped to North America Over 60 per cent of South Korea's automotive exports throughout most of 2024 have been shipped to North America, industry data showed on Sunday, raising calls for companies to consider more balanced global export strategies.  According to industry data, exports of the five automotive firms with manufacturing bases in South Korea -- Hyundai Motor, Kia, GM Korea, KG Mobility and Renault Korea Motors -- totalled 1,857,111 units during the January-August period, reports Yonhap news ag...
Over 60 pc of South Korea`s automotive exports shipped to North America
Over 60 pc of South Korea`s automotive exports shipped to North America
Source: IANS
2024-10-06 10:35:04 am
Automaker Kia completes first EV-only manufacturing plant Automaker Kia said on Friday it has completed building Hyundai Motor Group's first manufacturing facility dedicated solely to electric vehicles, which boasts an annual capacity of producing 150,000 units.  Kia held a ceremony for the Kia Gwangmyeong EVO Plant, located at Kia Autoland in Gwangmyeong, just south of Seoul, which is tasked with mass producing Kia's new EV3 model and the upcoming EV4 model. Kia invested 401.6 billion won ($304.2 million) in the 60,000 square-met...
Automaker Kia completes first EV-only manufacturing plant
Automaker Kia completes first EV-only manufacturing plant
Source: IANS
2024-09-27 10:03:01 am
Hyundai Motor, Kia launch joint tech project for EV battery development  Hyundai Motor and Kia, South Korea's leading automotive companies, said on Thursday they have launched a joint project to develop cathode material technology for producing LFP (lithium iron phosphate) batteries for electric vehicles.  The joint project, also involving Hyundai Steel Co. and Ecopro BM, aims to develop a technology for synthesising materials directly without using precursors during the manufacturing of LFP battery cathodes, reports Yonhap news agency. Hyunda...
Hyundai Motor, Kia launch joint tech project for EV battery development
Hyundai Motor, Kia launch joint tech project for EV battery development
Source: IANS
2024-09-26 11:02:36 am
Kia 1st in customer experience among automotive brands in India : Data Kia has ranked first among automotive brands operating in India in terms of overall customer experience, the South Korean company said on Tuesday, citing local industry data.  Toyota and Tata Motors came in second and third, with 45.83 per cent and 44.35 per cent, respectively. According to Kia, the company ranked first, with a score of 45.84 percent, in the overall customer experience index survey conducted by the Federation of Automobile Dealers Associations of India (FADA) recen...
Kia 1st in customer experience among automotive brands in India : Data
Kia 1st in customer experience among automotive brands in India : Data
Source: IANS
2024-09-10 10:53:44 am
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, 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
Samsung, Hyundai Motor lead R&D spending despite lower earnings  Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed on Sunday.  The country's top 1,000 companies made investments of 72.5 trillion won ($52.12 billion) combined in 2023, up 8.7 per cent from a year earlier, according to the data from the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology. It was the larges...
Samsung, Hyundai Motor lead R&D spending despite lower earnings
Samsung, Hyundai Motor lead R&D spending despite lower earnings
Source: IANS
2024-06-23 05:45:33 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
Kia debuts its new SUV 'EV3' globally, offers up to 600 km of range Automaker Kia on Thursday revealed its new all-electric SUV -- EV3, globally, offering a driving range of up to 600 km and 10 to 80 per cent battery charging in 31 minutes.   According to the company, the new EV SUV will be introduced first in South Korea in July this year, followed by its European launch in the second half of the year. The company also plans to further expand the sales of EV3 into other regions, with subsequent launches to be expected after the European market ent...
Kia debuts its new SUV 'EV3' globally, offers up to 600 km of range
Kia debuts its new SUV 'EV3' globally, offers up to 600 km of range
Source: IANS
2024-05-23 06:25:41 pm
Kia unveils revamped EV6 electric vehicle Kia, South Korea's second-largest automaker, on Tuesday announced the release of a redesigned and upgraded version of its EV6 electric vehicle, which was first introduced in 2021. The revamped crossover SUV features a fresh design and is equipped with a fourth-generation 84 kWh battery and an advanced infotainment system based on Hyundai Motor Group's software defined vehicle (SDV) technology. Kia said it accentuated the dynamism of the new EV6 under the company's design phi...
Kia unveils revamped EV6 electric vehicle
Kia unveils revamped EV6 electric vehicle
Source: IANS
2024-05-14 10:08:35 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
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
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'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
Hyundai, Kia`s sales of eco-friendly cars to hit 1 mn units in US Accumulative sales of eco-friendly vehicles produced by Hyundai Motor and Kia, South Korea's leading automakers, are expected to exceed 1 million units in the first quarter, the companies said on Friday. Accumulative sales of eco-friendly units of Hyundai and Kia combined had amounted to 946,962 units as of the end of 2023. They are expected to surpass the 1 million mark in the January-March period, Hyundai and Kia officials said. Last year, the companies sold 278,122 eco-friendly c...
Hyundai, Kia`s sales of eco-friendly cars to hit 1 mn units in US
Hyundai, Kia`s sales of eco-friendly cars to hit 1 mn units in US
Source: IANS
2024-01-13 09:39:11 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
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
Kia EV6 GT beats Ford Mustang Mach-E in German evaluation Kia's EV6 GT topped this year's evaluation of electric vehicle models by a leading German automotive magazine, Auto Motor Und Sport, beating Ford Motor's Mustang Mach-E SUV, Hyundai Motor Group said on Sunday.Hyundai Motor's independent Genesis brand's GV60 SUV ranked second in the competitive EV evaluation and the Ford Mustang Mach-E ranked third, the group said in a statement.Auto Motor Und Sport is one of the top three German auto magazines, along with Auto Bild and Auto Zeitung, reports Y...
Kia EV6 GT beats Ford Mustang Mach-E in German evaluation
Kia EV6 GT beats Ford Mustang Mach-E in German evaluation
Source: IANS
2023-09-24 11:14:10 am