Hyundai Motor Group News - Latest Updates & Headlines
LG-led consortium to withdraw $7.7 bn battery supply chain project in Indonesia
Seoul, April 18: A South Korean consortium led by LG has decided to withdraw a project worth around 11 trillion won ($7.7 billion) to establish an electric vehicle (EV) battery supply chain in Indonesia, industry sources said on Friday.
Suppliers scramble to respond to looming US auto parts tariffs
Seoul, April 11: South Korean auto parts suppliers are scrambling to respond to new US tariffs on imported vehicles and automotive parts, industry insiders said on Friday, arguing the tariffs not only pose a serious challenge to automakers, including local industry leader Hyundai Motor Group, but also threaten to disrupt the broader industry supply chain.
Automaker Kia appoints CEO Song Ho-sung for 3rd term
Seoul, March 14: Automaker Kia on Friday appointed Song Ho-sung to the company's chief executive officer (CEO) position for another three-year term through an approval at the company's shareholders' meeting in Seoul.
Automaker Kia appoints CEO Song Ho-sung for 3rd term
Seoul, March 14: Automaker Kia on Friday appointed Song Ho-sung to the company's chief executive officer (CEO) position for another three-year term through an approval at the company's shareholders' meeting in Seoul.
Automaker Kia to showcase non-passenger military vehicles
Seoul, Feb 17: Kia, South Korea's second-largest carmaker, said on Monday it will participate in the International Defence Exhibition and Conference (IDEX) 2025 in the United Arab Emirates this week, showcasing its non-passenger military vehicles.
Hyundai Motor Group restricts use of DeepSeek among employees
Seoul, Feb 7: Hyundai Motor Group has restricted its employees from accessing DeepSeek, a Chinese generative artificial intelligence (AI) service, amid concerns over potential data leaks, according to sources on Friday.
Hyundai Motor Group poised for potential gains from US tariffs on Mexico
Seoul, Feb 5: Hyundai Motor Group is expected to be among the least affected global automakers from the United States' plan to levy a 25 percent tariff on goods from Mexico, according to market watchers on Wednesday.
South Korean firms brace for impact from Trump tariffs on Canada, Mexico
Seoul, Feb 2: South Korean companies are working to devise measures to minimise the impact from the United States' decision to impose high tariffs on goods imported from Canada and Mexico, officials said on Sunday.
Threats, new horizons loom for South Korean industries as Trump 2.0 begins
Seoul, Jan 21: As Donald Trump took office for his second term as US president, South Korean industries were closely watching for potential changes in Washington's economic and trade policies, which could significantly impact their American businesses, industry observers said on Tuesday.
Hyundai Motor raises alarm at BYD's entry into South Korean market
Seoul, Jan 15: Hyundai Motor Group's think tank on Wednesday cautioned against underestimating BYD, China's largest electric vehicle (EV) manufacturer, as it plans to enter South Korea's passenger car market.
Hyundai Motor partners Nvidia on AI, LG Energy inks pact with Aptera Motors
Seoul, Jan 10: Hyundai Motor Group said on Friday it has formed a strategic partnership with Nvidia for the development of advanced artificial intelligence (AI) technologies related to future mobility.
Hyundai Motor Group pledges record $16.6 billion investment in South Korea
Seoul, Jan 9: Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won ($16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments.
Hyundai Motor Group chief stresses resilience, innovation in facing new biz challenges
Seoul, Jan 6: The head of Hyundai Motor Group on Monday emphasised the importance of resilience, innovation and proactive preparation in facing future challenges expected from ongoing global risks, as well as anticipated rollbacks in the electric vehicle (EV) policies of the US.
Hyundai Motor Group posts record sales in US in 2024
Seoul, Jan 5: South Korea's Hyundai Motor Group said on Sunday it has posted record sales in the United States in 2024, driven by the popularity of SUVs, minivans and eco-friendly models.