Some South Korean Samsung, Hyundai employees self-quarantine

Samsung Electronics logo

Some South Korean workers at Samsung Electronics and Hyundai Motor are staying home as a precautionary measure as South Korea scrambles to avoid the coronavirus outbreak from causing widespread disruption in the country. About 1,500 employees of Samsung Electronics’ phone complex in the southeastern city of Gumi have self-quarantined after one of its employees was […]

Hyundai signs development deal with electric car startup Canoo

canoo images

Korean automaker Hyundai Motor expanded its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies stated last week. It was the second such deal declared in recently by Hyundai and sister company Kia Motors, which in mid-January stated they would spend $110 million in UK startup Arrival […]

Hyundai, Kia backs electric van startup Arrival Ltd with $110 million investment

Arrival Ltd

South Korea’s Hyundai Group is backing a UK electric vehicle startup that plans to start selling battery-powered delivery vans in 2021, the companies stated last week. Hyundai Motor and sister firm Kia Motors are making an investment of 100 million euros ($110 million) in Arrival Ltd. Founded in 2015 and based in London, Arrival has […]

Hyundai reveals first Genesis SUV, making further expansion overseas

2021 Genesis GV80

Hyundai Motor revealed the first sport-utility vehicle (SUV) under its Genesis brand on Wednesday, move analysts stated was an important move for the automaker’s expansion in overseas markets. The brand spun off in 2015, is an initiative of Hyundai Motor Group heir-apparent Euisun Chung is dedicated to revamping the image of the value-for-money automaker. However, […]

Hyundai suspends bridge project in Chile in a row with government

Chile images

Chile’s finance minister has sought to underestimate a row between the government and Hyundai over a $740 million suspension bridge, stating that disputes in such mega projects were “quite common”. Hyundai Engineering and Construction (HDEC) stated on Monday it had suspended construction of the bridge, which will link the Chilean island of Chiloe to the […]

Hyundai, Kia sue four big U.S. railroads for fuel surcharges

Kia motors logo

Hyundai Motor and its Kia affiliate have taken legal action against the four largest U.S. railroads, alleging them of violating U.S. antitrust law by conspiring to drive up shipping costs though coordinated fuel surcharges. The South Korean automakers submitted three lawsuits on Monday alleging BNSF, CSX Corp, Norfolk Southern and Union Pacific of putting the […]

Hyundai to Use DLT in Smartphone-EV Pairing Tool

2019 Hyundai Palisade images

South Korea’s largest automaker, Hyundai Motor, will use blockchain in its new tech for using electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the progress on April 22. Hyundai reportedly declared the development of smartphone-EV pairing based performance adjustment technology that permits users to customize primary functions through a […]

Hyundai rejects report about tie-up with Tencent on driverless cars

Tencent Holdings

Hyundai Motor on Sunday rejected a report that it had signed a initial deal with Chinese technology company Tencent Holdings to develop software for driverless vehicles. Hyundai’s comments follows the report from South Korea’s Maeil Business Newspaper citing unnamed industry sources on Saturday stating that the two companies prepared to conduct joint research and development […]

Hyundai declines Elliott’s payout call, shares increase ahead of showdown meeting

Elliott Management

Hyundai Motor Group on Tuesday declined demands by U.S. activist investor Elliott Management for a 7 trillion won ($6.3 billion) dividend payout and new board members, complicating attempts to renovate South Korea’s second-biggest conglomerate. Opposition from Elliott led Hyundai to ditch an attempt to overhaul its ownership structure in 2018, and Executive Vice-Chairman Euisun Chung […]