Automotive

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  Ascension Global founder appointed as vice president at Hyundai's UAM division SEOUL -- Pamela Cohn, who founded Ascension Global, a consulting firm in the U.S aviation industry, has been appointed as vice president to lead global strategy and operations at the urban air mobility division of South Korea's Hyundai auto group which has launched a project to develop flying cars. Cohn will come together with a team of urban air mobility (UAM) experts from Ascension Global, the auto group said in a statement, "I believe H 2020-01-14
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  Hyundai Motor confident of success in flying car business LAS VEGAS -- Urban air mobility is certain to create a "comprehensive" market in which industrial boundaries between car and aircraft makers will disappear, Shin Jai-won, a former NASA researcher who now leads Hyundai Motor's project to develop flying cars, said, citing a high demand to avoid heavy city traffic. "This is an area where boundaries between industries disappear, and UAM is a comprehensive market where car and aircraft manu 2020-01-09
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  Hyundai Motor unveils electric air vehicle concept through collaboration with Uber Hyundai's Urban Air Mobility head Shin Jai-won speaks about urban air taxi concept during a keynote speech at CES 2020. LAS VEGAS -- Through collaboration with Uber, the world’s largest mobility company, South Korea's Hyundai auto group unveiled its first electric air vehicle concept, S-A1, at a trade fair in Las Vegas, along with innovative urban mobility solutions to free future cities and people from constraints of time and space. Personal air vehicles 2020-01-07
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  Importer anticipates rapid growth of Chinese car sales in Asia's 'testbed' Shinwon CK Motors CEO Lee Kang-soo SEOUL -- It's not easy to change deep-rooted preconceptions among picky South Korean consumers about Chinese products, but Shinwon CK Motors, a key importer based in Seoul, is full of confidence that Chinese cars will be recognized by "reasonable" consumers after all to outshine other imported brands like Mercedes-Benz. "In the end, our goal is to become the top seller in the imported car market. I 2020-01-02
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  Chinese companies compete to provide batteries for Hyundai electric vehicles SEOUL -- A second bid is under way for batteries to be used by South Korea's Hyundai auto group for entry-level electric vehicles that will be produced from 2022 under a dualized strategy to apply variable battery capacity. The race has drawn some 10 companies, including Chinese battery makers with high price competitiveness, according to related industry officials. In the first bid, SK Innovation has been selected to provide batteries for the first ba 2019-12-27
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  Hyundai forges partnership with expressway operator to establish fast charging infrastructure SEOUL -- In an effort to popularize eco-friendly vehicles such as electric cars and hydrogen fuel cell vehicles, the Hyundai auto group has forged a partnership with South Korea's expressway operator to establish a network of fast-charging stations that would provide convenience to drivers. Hyundai said on Friday that it signed a cooperation agreement with Korea Expressway Corp. to set up 350 kilowatt-hour-class fast chargers in 11 expressway service s 2019-12-20
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  SK Innovation selected to provide batteries for Hyundai Motor's full electric CUVs SEOUL -- SK Innovation, the electric vehicle battery-making wing of South Korea's conglomerate SK Group, has been selected to provide batteries for the first batch of Hyundai Motor's all-electric crossover utility vehicles installed with dedicated platforms that can run up to 500 kilometers (310 miles) on a single charge. SK Innovation (SKI) will exclusively provide batteries for about 500,000 Hyundai crossover utility vehicles that will use E-GMP (Electric 2019-12-20
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  Sweden's Impact Coatings works with Hyundai to develop advanced technology for hydrogen fuel cells SEOUL -- Impact Coatings, a Swedish firm known for high-performance coatings, will work together with Hyundai Motor to develop advanced technology for hydrogen fuel cells using PVD (physical vapor deposition) coating solutions. Hyundai said Wednesday that a memorandum of understanding was signed in Seoul with Impact Coatings. PVD coating refers to a variety of thin film deposition techniques where a solid material is vaporized in a vacuum environment a 2019-12-18
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  Hyundai Motor reveals VR center to accelerate vehicle design and development This graphic images depicts Hyundai's auto group researchers developing auto parts using a new virtual reality technology. SEOUL -- South Korea's Hyundai auto group has adopted a new virtual reality design evaluation system to develop and design cars and components in a digitally created environment by using special virtual reality headsets. Researchers can easily change the exterior design of a virtual vehicle, test parts malfunctions without 2019-12-18
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  Hanwha Systems acquires 30% stake worth $25 mln in U.S. eVTOL developer SEOUL -- Hanwha Systems, a provider of defense products and technologies in South Korea, will acquire a 30 percent stake worth $25 million in Overair, an American eVTOL company, underlining a campaign to nurture air taxis as its next growth engine. Electric and hybrid-electric vertical takeoff and landing aircraft, or eVTOLs, are being developed in the quest for autonomous passenger air vehicles. The acquisition of shares in Overair will be done on January 3, Hanwh 2019-12-06
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  Hyundai Motor unveils $51.3 bln investment to transform business structure by 2025 SEOUL -- Through a massive investment of 61.1 trillion won ($51.3 billion) by 2025, South Korea's Hyundai auto group aims to transform its business structure into a smart mobility solution company that combines mobility services with intelligent mobility products while upgrading car-manufacturing capabilities. The group promised to invest 41.1 trillion won in enhancing existing business capabilities and about 20 trillion won in future technologies. It 2019-12-04
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  Daimler Mobility pledges fast, easy and digitalized service in S. Korea SEOUL -- The South Korean branch of Daimler Mobility AG, a financial and mobility unit of Daimler AG, pledged a fast, easy and digitalized service for subscribers of premium long-term rental cars to expand its business in a dynamic market where the needs of customers are changing rapidly. Mercedes-Benz Mobility Korea (MBMK) said at its launching ceremony on Tuesday that it would first provide a long-term rental car service. MBMK managing director Guillaume 2019-12-03
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  Hyundai Glovis agrees to set up logistics joint ventures with China's Changjiu Group SEOUL -- To expand its clout in the world's largest auto market, Hyundai Glovis, a logistics arm of South Korea's Hyundai auto group, agreed to establish two separate joint ventures with the automobile and logistics arms of China's Changjiu Group, which is involved in the transportation of finished and used vehicles. The South Korean company said Thursday that investments would be made through its branch in Beijing into the joint ventures unde 2019-11-28
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  SK Chemical's carbon composite material used as engine hood of Hyundai Motor's i30N Project C SEOUL -- Carbon composite material produced by SK Chemical, the chemical manufacturing subsidiary of South Korean battery maker SK Innovation, was used as the engine hood of Hyundai Motor's i30N Project C, a light model available in the European market. SK Chemical said Tuesday that i30N Project C reduced weight by using carbon fiber reinforced plastic (CFRP) composite material, Skyflex. CFRP is a material made by curing carbon fiber-impregnated resin 2019-11-19
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  GS Caltex partners with U.S. company Lime to provide electric kick scooter charging service SEOUL -- Lime, a U.S. car-sharing system operator, partnered with two South Korean firms including GS Caltex, a major domestic refiner, to cooperate in providing charging services for electric kick scooters at gas stations, parking lots and convenience stores. Cooperation also involves GS Retail, which runs a chain of retail stores and a network of parking lots. GS Caltex said Tuesday that it would use idle sites at gas stations to charge electric kick scooters 2019-11-19
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  Hyundai Motor reveals $410 mln project to produce new pickup truck in U.S. A concept car of Santa Cruz revealed at the 2015 Detroit International Auto Show SEOUL -- In a strategy to release specialized models for each market, Hyundai Motor has revealed a $410 million project plan to attract new consumers in the United States and Canada market with Santa Cruz, a quality crossover that has the attributes of a pickup truck and sport utility vehicle. Hyundai Motor's plant in Montgomery, Alabama, said in a statement that Santa Cru 2019-11-14
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  Hyundai Motorsport grabs maiden title in FIA World Rally Championship Hyundai Motorsport's i20 rally car SEOUL -- Hyundai Motorsport, the motorsport wing of South Korea's Hyundai auto group, has grabbed its first champion trophy in this year's season of the World Rally Championship (WRC), which is one of the world's most popular motorsports along with Formula 1 (F1) racing. Hyundai Motorsport said in a statement on Wednesday that its racing team has grabbed top standings in the 2019 season of WRC, administer 2019-11-13
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  Hyundai Motor reveals teaser content for concept plug-in hybrid SUV SEOUL -- Hyundai Motor has revealed a glimpse of its concept plug-in hybrid sport utility vehicle featuring the carmaker's latest design trend through teaser content including images and a rendered video clip. The teaser content was released through its website on Wednesday. Hyundai said its sport utility vehicle (SUV) concept houses an "innovative, eco-focused compact SUV design with emotional function as an urban vision crossover concept. 2019-11-13
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  Hyundai's Xcient trucks carry out successful platooning on test road SEOUL -- South Korea's Hyundai auto group moved closer to the commercialization of limited autonomous driving by commercial vehicles by carrying out the first successful platooning of 40-ton trailer trucks on a smart highway replicating real-world traffic conditions. Two Xcient heavy trucks were mobilized for this week's demonstration on Yeoju Smart Highway, a 7.7 km testbed established for the development of autonomous driving technology, the gr 2019-11-13
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  Hyundai Mobis develops ultra-short range radar for vehicle's tail warning SEOUL -- Hyundai Mobis, the parts-making unit of South Korea's Hyundai auto group, has developed a commercially viable ultra-short range radar solution that enables a quick stop by detecting a person or bicycle when a vehicle goes into reverse. Radar sensors are faster in response and have longer detection distances than ultrasonic sensors used in R-AEB (Rear Emergency Automatic Braking) devices. Ultrasound is affected by wind or noise, and cameras hav 2019-11-13