Hyundai Motor

2025.03.05

21:10

Avride signs partnership with Hyundai Motor Company for self-driving cars

On March 5, Avride, a developer of autonomous driving technology, announced that it had signed a memorandum of understanding with Hyundai Motor Company to jointly develop and operate vehicles capable of fully autonomous driving. These vehicles will be first launched in Dallas, Texas, USA later this year as part of Avride's exclusive robotaxi service on Uber.

2025.03.04

14:41

Hyundai Motor: Global sales in February increased 2% year-on-year to 322,339 units.

14:40

Hyundai Motor: Global sales in February increased by 2% year-on-year to 322,339 units

Hyundai Motor: Global sales in February increased 2% year-on-year to 322,339 units.

2025.02.26

18:12

Hyundai Motor America recalls 32,600 U.S. vehicles

Hyundai Motor America is recalling 32,600 U.S. vehicles because instrument panel displays fail to show critical safety information, such as the speedometer or warning lights, according to the National Highway Traffic Safety Administration.

18:10

NHTSA: Hyundai Motor America is recalling 32,594 U.S. vehicles because the instrument cluster displays fail to show critical safety information, such as the speedometer or warning lights.

11:43

Samsung and Hyundai Motor complete private 5G RedCap technology pilot project

Hyundai Motor Company announced on February 26 that it had successfully completed a private 5G RedCap technology pilot project in collaboration with Samsung Electronics.

2025.02.20

19:35

GM and Hyundai reportedly set to sign production alliance

Industry insiders said that General Motors and Hyundai Motor Group will sign a "production alliance" agreement to share their global factories and announce the first phase of comprehensive cooperation measures as early as next month. If the alliance is realized, Hyundai and Kia can increase production through GM's factories in the United States, and the impact of the Trump administration's tariffs is expected to be minimized.

2025.02.18

16:58

Last year's list of bonuses for Korean executives was released, with Samsung Electronics' Lee Jae-yong leading the pack with 346.5 billion won

On February 18, the Korean corporate analysis and research organization "LEADERS INDEX" conducted a survey on 560 domestic companies and found that the total dividends distributed to shareholders by these companies in 2024 totaled 40.709 trillion won (about 205.2 billion yuan), an increase of 3.8458 trillion won year-on-year, an increase of 10.4%. In terms of individuals, Samsung Electronics Chairman Lee Jae-yong received the largest dividend amount of 346.5 billion won, an increase of 22.8 billion won year-on-year; Hyundai Motor Group Honorary Chairman Chung Mong-koo received 189.2 billion won, ranking second; Hyundai Motor Group Chairman Chung Eui-sun received 174.7 billion won, ranking third. Last year, there were seven companies whose dividends exceeded 1 trillion won, including Samsung Electronics (9.8107 trillion won), Hyundai Motor (3.1478 trillion won), Kia (2.559 trillion won), SK Hynix (1.5195 trillion won), etc. Among them, SK Hynix is the company with the fastest increase in dividend scale, with a year-on-year increase of 84.1% (694.1 billion won) last year.

15:28

South Korea's auto exports fell nearly 20% year-on-year to $4.99 billion in January

Data released by the Ministry of Trade, Industry and Energy of South Korea on February 18 showed that South Korea's automobile exports in January this year decreased by 19.6% year-on-year to US$4.99 billion. Due to the Spring Festival holiday, which resulted in four fewer working days year-on-year, and the base effect of the record high automobile exports in January last year, automobile exports in January decreased year-on-year. Automobile exports in January decreased by 17.9% year-on-year to 199,700 vehicles. By brand, Hyundai Motor decreased by 15.3% year-on-year to 85,200 vehicles; Kia decreased by 17.9% to 76,900 vehicles; General Motors Korea (GM) decreased by 29.3% to 30,400 vehicles; KG Mobility increased by 5% to 5,680 vehicles; Renault Korea increased by 438.1% to 1,216 vehicles. New energy vehicle exports decreased by 4.4% year-on-year to 58,100 vehicles. Specifically, electric vehicles decreased by 41.8% to 17,700 vehicles. Hybrid vehicles increased by 35.5% to 35,700 vehicles. Plug-in hybrid vehicles increased by 16.7% to 4,733 units.

2025.02.06

17:28

Hyundai Motor to suspend some electric vehicle production in South Korea amid sluggish demand

Due to sluggish domestic demand in South Korea, Hyundai Motor has decided to adjust production and will suspend operations of Production Line 12 at its Ulsan Plant 1 in South Korea from February 24 to 28, which produces Ioniq 5 and Kona electric vehicles.

2025.01.23

14:25

Hyundai Motor: The company will be less negatively impacted by potential U.S. tariffs than Honda and Toyota.

14:07

Hyundai Motor: Plans to commercialize robot taxis in 2026.

14:02

Hyundai Motor: It is expected that the U.S. Inflation Reduction Act subsidies will continue to take effect this year, but may be withdrawn as early as September this year.

13:51

Hyundai Motor: Seeking cooperation with General Motors in the commercial vehicle and passenger vehicle sectors.

13:46

Hyundai Motor: Seeking to sign a binding agreement on joint procurement of auto parts in North America.

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Singapore investigates Nvidia server export fraud
                            2025-03-03

                                    Shenzhen: By 2027, there will be more than 1,200 companies related to the embodied intelligent robot industry cluster
                            2025-03-03

                                    Hongqi Chain Store: Deputy General Managers Zhang Ying, Wan Chun, Hong Fan and Yang Yuanbin resigned
                            2025-03-03

                                    Shenzhen: Focus on supporting key core technologies such as core components of embodied intelligent robots, AI chips, and bionic dexterous hands
                            2025-03-03

                                    Intel showcases Xeon 6 processor-based network infrastructure at MWC2025
                            2025-03-03