Automotive

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  Hyundai Motor's board approves Chung Mong-koo's departure as executive director SEOUL -- Chung Mong-koo will relinquish his executive director of Hyundai Motor, more than two years after the 81-year-old disappeared from public eyes amid rampant speculation about his health, allowing his only son to take undisrupted control over the country's second-largest conglomerate. In a decision on Wednesday, Hyundai Motor's board did not introduce a proposal to re-appoint Chung Mong-koo as an executive director. When his three-year term 2020-02-19
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  Hyundai auto group embarks on development of hydrogen construction equipment SEOUL -- Under an agreement to pre-emptive the global market, South Korea's Hyundai auto group joined hands with a domestic construction equipment maker to produce excavators and forklifts powered by hydrogen fuel cells. The auto group has led the commercialization of fuel cell vehicles. Hyundai Motor and its parts-making wing, Hyundai Mobis, signed a memorandum of understanding Tuesday with Hyundai Construction Equipment (HCE) affiliated with t 2020-02-18
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  ​Kia reveals revamped version of mid-sized SUV 'Sorento' SEOUL -- Kia Motors, a subsidiary of South Korea's Hyundai auto group, has revealed the revamped version of its iconic medium-sized sport utility vehicle (SUV), Sorento. Sorento first hit the market in 2002. The first generation of Sorento received positive feedback from consumers for its streamlined design which stood out among square box-shaped SUVs. Kia released two more models of Sorento in 2009 and 2004. Images showing the new version of Sorento 2020-02-17
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  Seoul to test operate parking zone for electric scooters for safety of pedestrians SEOUL -- To help pedestrians travel safely on sidewalks, a district office in Seoul has started the test operation of designated parking zones for electric scooters and other shared or last-mile mobility services that often have been left lying haphazardly on the ground, causing inconveniences. Last-mile mobility service startups kick-started their businesses using electric scooters in Seoul and its satellite cities with some 60,000 scooters in 2020-02-17
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  Hyundai reveals sneak-peek preview for new concept EV 'Prophecy' SEOUL -- Hyundai Motor has unleashed a sneak-peek image of its new concept electric vehicle that features beautiful lines and curves which resemble that of a secretive super-sonic spy plane to express its latest design language. "Prophecy" is the name of the concept EV. Hyundai released a teaser image on Friday through its news blog showing the rear side. It sits in a dark space with soft light accenting the concept car's silhouette that cons 2020-02-14
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  Hyundai partners with U.S. Department of Energy to expand hyrogen car market This image shows Hyundai's sport utility vehicle-type fuel cell electric vehicle Nexo SEOUL -- In an effort to accelerate the popularization of hydrogen fuel cell vehicles and set up infrastructure in the United States, South Korea's Hyundai auto group has forged a crucial partnership with the U.S. Department of Energy. Hyundai Motor said on Tuesday that it has signed a memorandum of understanding with the U.S. Department of Energy (DOE) to cooperate in the deve 2020-02-11
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  LG's plastic OLED digital cockpit solution used for Cadillac Escalade SEOUL -- A plastic OLED digital cockpit solution developed by South Korea's LG Electronics was used for the 2021 version of Cadillac's iconic sport utility vehicle, Escalade, which made its debut this week. It marked the first use of a curved OLED display. The new Escalade is the first vehicle to feature LG's plastic OLED digital cockpit solution. LG said in a statement on Thursday that it would also supply additional rear-seat infotainment 2020-02-06
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  Coronavirus forces temporary shutdown of Hyundai Motor domestic plants SEOUL -- Domestic production at Hyundai Motor, the leading auto company in South Korea, came to a temporary halt as the fast spread of a novel coronavirus led to the shutdown of factories run by Chinese parts makers. Hyundai Motor said it has agreed with labor unions to shut down all assembly lines in South Korea gradually from Tuesday as the supply of cable harnesses from China was suspended due to the deadly virus that has killed more than 400 people across Chin 2020-02-04
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  Hyundai Wia wins $596 mln order from U.S. and European auto makers SEOUL -- Hyundai Wia, a parts-making unit of South Korea's Hyundai auto group, has secured a major order worth 702.1 billion won ($596 million) to supply constant-velocity joints for premium auto companies in Europe and the United States. Company names were not disclosed. Hyundai Wia said its constant-velocity joints minimized noise and vibration and reduced weight while increasing their rigidity and rotation angle. Fifty-five percent of the parts will b 2020-01-29
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  Hyundai Wia starts production of new component for rear-wheel steering SEOUL -- Hyundai Wia, a parts-making unit of South Korea's Hyundai auto group, has developed an electronic gear train that enables the stable operation of rear-wheel steering by properly allocating the driving force of left and right wheels depending on road surface and driving conditions. Hyundai Wia said it has started the mass production of an electronic limited-slip differential (e-LSD) system for rear-wheel steering. The new component was used for G 2020-01-20
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  Hyundai Mortor invests $110 mln in British EV start up Arrival SEOUL -- South Korea's Hyundai auto group announced a strategic investment of $110 million in Arrival, a British electric vehicle startup, to introduce electric vans and other commercial vehicles for logistics and mobility companies that provide on-demand ride-hailing and shuttle services mainly in Europe. With rapid growth in online shopping, the volume of light commercial vehicles in urban areas has increased, Hyundai said, adding the demand for eco- 2020-01-16
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  Hyundai Motor's Genesis GV80 luxury SUV makes debut in S. Korea SEOUL -- Genesis, the luxury vehicle division of South Korea's Hyundai auto group, unveiled GV80, a flagship sport utility vehicle powered by a 3.0-liter diesel engine. It was South Korea's first large luxury SUV that will compete with top global brands. GV80 went on sale on Wednesday after a ceremony at a convention center in Goyang, a northwestern satellite city of Seoul. The price ranges from 65.8 million won ($56,724) to more than 80 million wo 2020-01-15
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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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  [CES 2020] 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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  [CES 2020] 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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  [INTERVIEW] 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