Automotive
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Hyundai unveils 'universal wheel' with built-in drive system for future EVs
SEOUL -- Hyundai auto group has unveiled a new type of car wheel designed exclusively for future electric vehicles. Unlike ordinary wheels that receive power delivered from an engine or motor through drive shafts, the new "Universal Wheel Drive System" has its own drive system built into the interior of the wheel. Hyundai Motor and its brother company Kia held the "UNI WHEEL Tech Day" in central Seoul on November 28 and unveiled the universal wheel. Hyundai said
28 November 2023
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Global automotive market to see modest growth in 2024: market forecast
SEOUL -- The sluggish global automotive market will recover from the aftermath of the economic recession caused by the COVID-19 pandemic and see modest growth in 2024, data released by South Korea's private automotive research institute showed. The pandemic that has disrupted the global logistics network since early 2020 to come to an indefinite halt due to countries adopting strict quarantine policies including complete lockdowns, caused the global demand for automotives to exc
27 November 2023
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Self-driving bus in Seoul's satellite city garners passengers' love
SEOUL -- Two self-driving buses demonstrated in Pangyo, a town district in a satellite city south of Seoul, has carried more than 10,000 passengers since its launch on July 17, 2023. The autonomous bus called "PanTa-G Bus" travels through a 5.9 kilometer (3.7 mile)-route in Pangyo Techno Valley, a high-tech industrial complex where traffic is heavily congested during commuting hours. In April 2021, Pangyo was designated as a demonstration zone for autonomous vehicle techno
23 November 2023
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Hyundai partners with Amazon to sell cars through world's largest ecommerce platform
SEOUL -- Hyundai auto group, the world's third-largest carmaker, has partnered with Amazon, the world's top ecommerce service operator, to become the first brand to sell vehicles in Amazon's online store for customers living in the United States. In the third quarter of 2023, Hyundai sold 200,534 units in the U.S. market, up nine percent compared to the same period in 2022. The carmaker also set new Q3 total and retail sales records for IONIQ 5, an electric sport utility
17 November 2023
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Hyundai shares future vision of software defined vehicle-centered driving experience
SEOUL -- Hyundai auto group has shared the carmaker's vision that is centered on the driving experience of software-defined vehicles. The auto group revealed a roadmap in 2022 to reveal its plan to transform all vehicles to vehicles that can be continuously upgraded and have new features added through the development of software. A software-defined vehicle (SDV) is a future-generation car that constantly evolves to remain up to date. New vehicle functions can be added or existin
14 November 2023
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Seoul to operate self-driving buses near iconic Korean street food market
SEOUL -- Seoul's self-driving bus route that operates near Cheonggyecheon, a stream that flows through the heart of the capital city will be extended to a Gwangjang Market, a famous traditional Korean market with various types of street food. The traditional market is known for Tteokbokki, a menu of finger-sized rice cakes simmered in fiery-red spicy chili sauce, and Korean-style mung bean pancake called Bindaetteok. Since November 2022, a total of three autonomous buses carrie
6 November 2023
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Hyundai's operating profit in 3Q 2023 increases by 184% on-year thanks to high-value models
SEOUL -- The operating profit of Hyundai Motor, the world's third-largest carmaker, has increased by 184.2 percent in the third quarter of 2023, compared to the same period in 2022. Hyundai's outstanding operating profit was affected by the increased sales of high-value vehicles such as luxury brand Genesis models and sport utility vehicles. According to South Korea's Financial Supervisory Service, the country's financial watchdog, on October 31, Hyundai marked an opera
1 November 2023
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Hyundai to make foray into S. Korea's used car market worth $22.1 billion
SEOUL -- Hyundai Motor will make a foray into South Korea's used car market dominated by small and medium-sized car dealers. The world's third-largest carmaker will differentiate its service by the thorough analysis and tests of vehicles under the motto of "Made by us, Cared by us." South Korea's used car market which is worth about 30 trillion won ($22.1 billion) is mainly comprised of small-sized dealers listing their products on used car trade platforms operate
20 October 2023
