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BUSINESS

Hyundai Mobis, Qualcomm to develop controller for Level 3 autonomous vehicles

LAS VEGAS — Hyundai Mobis will work together with Qualcomm to develop a controller for Level 3 autonomous vehicles. Executives of the two companies are...
BUSINESS

Hyundai’s U.S. unit Supernal and Microsoft to develop air mobility solutions

Hyundai Motor Group said Wednesday its wholly owned U.S. unit Supernal will collaborate with Microsoft to develop advanced air mobility (AAM) solutions. Supernal will utilize...
BUSINESS

Hyundai Motorsport takes trophies at 2022 FIA WTCR

Car racer Mikel Azcona and his team, the BRC Hyundai N Squadra Corse, were named champions of the 2022 FIA World Touring Car Cup (WTCR)...
BUSINESS

Hyundai to launch Ioniq 6, upgraded Seltos SUV in U.S. next year

Korea's Hyundai Motor Group said Friday it will launch the all-electric Ioniq 6 and the upgraded Seltos SUV in the United States next year...
BUSINESS

Hyundai, Kia’s U.S. sales up 7.9% in October amid chip shortage

Hyundai Motor Group said Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the...
BUSINESS

Hyundai Motor Group breaks ground in Georgia for electric vehicle factory

Ground was broken Tuesday for Hyundai Motor Group’s $5.54 billion electric vehicle (EV) factory in Georgia. The facility will be the largest Korean automaker’s first...
KOREA

Biden tells Yoon in letter that IRA discussions will continue

    U.S. President Joe Biden sent a letter to President Yoon Suk-yeol reassuring him that discussions will continue over Korean concerns about the Inflation Reduction...
BUSINESS

Hyundai Motor EV sales in U.S. drop after IRA ends credit

Hyundai Motor EV sales in the United States have fallen since the Inflation Reduction Act (IRA) went into effect. The company sold 1,306 Ioniq 5s...
KOREA

Korea wants 12 percent global EV market share by 2030

Minister of Trade, Industry and Energy Lee Chang-yang during a meeting with the Korean automotive industry on Wednesday Korea's global EV market...
BUSINESS

Korean industry chief to visit U.S. to discuss EV tax credit, chips bills

Korean Industry Minister Lee Chang-yang departed for Washington on Tuesday for talks with U.S. officials on ways to minimize impacts on Korea by new...
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