News

Hyundai, Kia`s Europe sales down 7.5 pc in October  Combined vehicle sales of Hyundai Motor and Kia, South Korea's leading automakers, in Europe fell 7.5 per cent in October from a year ago, industry data showed on Thursday.  According to data from the European Automobile Manufacturers' Association (ACEA), Hyundai and Kia sold a combined 82,840 units in Europe last month. ACEA data showed Hyundai Motor's sales dropped 3.9 per cent to 41,594 units, while those of Kia dropped 11 per cent to 41,246 units, reports Yonh...
Hyundai, Kia`s Europe sales down 7.5 pc in October
Hyundai, Kia`s Europe sales down 7.5 pc in October
Source: IANS
2024-11-21 06:23:19 pm
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
KG Mobility, Renault Korea threaten Hyundai, Kia in midsize SUV market KG Mobility and Renault Korea Motors have made strong challenges with their new models in the midsize SUV segment, which has been largely dominated by Hyundai Motor Group, according to industry data on Monday.  According to the Korea Automobile and Mobility Industry Association, KG Mobility's Actyon and Renault Korea's Grand Koleos, both SUV brands introduced this summer, sold 1,686 units and 3,900 units, respectively, in September. Their combined market share totalled 24.8...
KG Mobility, Renault Korea threaten Hyundai, Kia in midsize SUV market
KG Mobility, Renault Korea threaten Hyundai, Kia in midsize SUV market
Source: IANS
2024-10-14 09:58:24 am
Kia's EV sales doubled in Jan-July period in US Electric vehicle sales by Kia, South Korea's No 2 automaker, in the United States from January to July jumped twofold on-year thanks to the strong demand of the company's EV9 SUV model, industry data showed on Monday.  According to the data from the Korea Automobile & Mobility Association, Kia's EV sales in the U.S. during the first seven months of the year totalled 33,957 units, marking a twofold rise from 16,941 units last year, reports Yonhap news agency. Kia...
Kia's EV sales doubled in Jan-July period in US
Kia's EV sales doubled in Jan-July period in US
Source: IANS
2024-08-05 09:37:23 am
Kia's net profit up 5 pc to $2.1 bn on pricier models, weak currency Kia, South Korea's second-largest automaker, said on Friday its second-quarter net profit rose 5 per cent from a year ago, helped by the company's sales focus on pricier models and a weak won.  Net profit for the April-June period came to 2.95 trillion won ($2.1 billion) on a consolidated basis, compared with a profit of 2.81 trillion won a year ago, the company said in a regulatory filing. Operating profit reached a quarterly record of 3.64 trillion won, up 7.1 per cent fr...
Kia's net profit up 5 pc to $2.1 bn on pricier models, weak currency
Kia's net profit up 5 pc to $2.1 bn on pricier models, weak currency
Source: IANS
2024-07-26 05:06:08 pm
Indian carmakers post SUV-led June sales growth amid heat waves Carmakers Mahindra & Mahindra and the Indian units of Toyota Motor Corp and Kia Motor reported higher car sales in June, boosted by demand for sports utility vehicles (SUV) even as heat waves weighed on purchase decisions. Each month, automobile makers in India release wholesale numbers, or vehicle sales, to dealers. The sales numbers are seen as a key indicator of private consumption in India. The auto sector contributes around 7% to the country's economy. According to month...
Indian carmakers post SUV-led June sales growth amid heat waves
Indian carmakers post SUV-led June sales growth amid heat waves
Source: Reuters
2024-07-01 04:53:46 pm
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 Motor, Kia to partner with India`s Exide Energy on EV batteries Hyundai Motor Co and Kia Corp on Monday signed a memorandum of understanding with India's Exide Energy Solutions Ltd on battery production for their electric vehicles (EVs) in India. The South Korean auto duo said in a statement that their partnership with Exide Energy aims to localise their EV battery production in India, specifically focusing on lithium-iron-phosphate (LFP) cells.
Hyundai Motor, Kia to partner with India`s Exide Energy on EV batteries
Hyundai Motor, Kia to partner with India`s Exide Energy on EV batteries
Source: Reuters
2024-04-08 10:56:44 am
Automaker Kia to invest $28 billion in future mobility solutions Kia, South Korea's second-largest carmaker, said on Friday it will invest 38 trillion won ($28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid slowing sales of electric vehicles (EVs). The planned investment over the next five years is revised up from 33 trillion won announced last year. Kia will inject 15 trillion won, or nearly 40 percent of the overall spending, in developing EVs, purpose-built vehicles, advanced air mobi...
Automaker Kia to invest $28 billion in future mobility solutions
Automaker Kia to invest $28 billion in future mobility solutions
Source: IANS
2024-04-05 02:29:53 pm
Kia unveils K4 compact sedan in US ahead of launch Kia, South Korea's second-biggest carmaker by sales, said on Thursday that it has unveiled the K4 compact sedan at the New York auto show as it plans to launch the vehicle in North American markets this year. Kia will assemble the K4 compact at its plant in Mexico, and sell it to customers in the United States and Canada during the second half of this year, reports Yonhap news agency, citing a company spokesperson. The new model will be available in two versions, one with a 2.0-litr...
Kia unveils K4 compact sedan in US ahead of launch
Kia unveils K4 compact sedan in US ahead of launch
Source: IANS
2024-03-28 02:16:58 pm
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, 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
Hyundai, Kia`s EV sales surpass 1.5 mn units South Korea's Hyundai Motor and its smaller affiliate Kia on Sunday said their combined electric vehicle sales exceeded 1.5 million units as of December, 12 years after Hyundai debuted its first EV model. Hyundai launched its first EV model, the BlueOn, which was based on the i10 mini car, in the domestic market in July 2011. Hyundai and Kia sold 516,441 EVs in 2023, bringing their accumulated EV sales to 1.53 million units at the end of last year, the companies' data showed, re...
Hyundai, Kia`s EV sales surpass 1.5 mn units
Hyundai, Kia`s EV sales surpass 1.5 mn units
Source: IANS
2024-02-04 12:50:20 pm
Hyundai, Kia join US firm for hydrogen fuel cell material development Hyundai Motor and Kia, South Korea's leading automakers, have partnered with a U.S. materials science company to cooperate in developing a key material used in hydrogen fuel cells, the companies said on Friday. The South Korean companies signed an agreement with the Newark, Delaware-based W.L. Gore & Associates Inc. to collaborate on the development of advanced polymer electrolyte membrane (PEM) for hydrogen fuel cell systems. Financial terms of the deal weren't disclosed, r...
Hyundai, Kia join US firm for hydrogen fuel cell material development
Hyundai, Kia join US firm for hydrogen fuel cell material development
Source: IANS
2024-01-05 12:37:38 pm
Hyundai Motor, Kia sales rise to record levels in 2023  Hyundai Motor, South Korea's biggest carmaker, said on Wednesday that its 2023 sales rose 6.9 per cent from a year earlier, helped by the release of new sport utility vehicle models and eco-friendly cars. Hyundai Motor sold 4,216,680 vehicles last year, up from 3,942,922 units in 2022 on strengthened sales of new SUVs and strengthening of its eco-friendly model lineup, the company said in a statement. Domestic sales rose 10.6 percent on-year to 762,077 units while overseas shi...
Hyundai Motor, Kia sales rise to record levels in 2023
Hyundai Motor, Kia sales rise to record levels in 2023
Source: IANS
2024-01-03 02:53:06 pm