Automotive

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  Hyundai Mobis to invest $20 mln in two American venture capital firms SEOUL -- Hyundai Mobis, the parts-making wing of South Korea's Hyundai auto group, will invest $20 million in two American venture capital funds, ACVC Partners and MOTUS Ventures, which are considered to have a good eye for the early exploration of promising technologies from research institutes. ACVC Partners is a venture capital firm based in New York. Motus Ventures, based in Redwood City, California, is a seed venture capital fund and business accelerator focusing on innov 2020-07-02
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  Hyundai Motor unveils first electric minibus with enhanced safety functions SEOUL -- South Korea's Hyundai auto group unveiled its first electric minibus called "County Electric" equipped with a 128-kWh lithium-ion-polymer (LiPo) battery that provides a range of 250 kilometers (155 miles) on a full charge. The battery can be fully charged in 72 minutes using a standard system and 17 hours using a household 220V outlet, Hyundai said. LiPo is a rechargeable battery of lithium-ion technology using a polymer electrolyte instead of a liquid elect 2020-06-29
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  ​KT to provide AI-based connected infotainment system for Renault Samsung SEOUL -- KT, a leading telecom company in South Korea, will provide a next-generation artificial intelligence-based infotainment system to Renault Samsung, the South Korean unit of French carmaker Renault, as part of a deal forged between the two companies last year. without connecting smartphones. The infotainment system is an integrated platform that uses a car's information display and allows drivers to control audio, entertainment, air conditioning and safety features. Th 2020-06-25
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  UAM Team Korea launched for development of drone taxis in 2025 SEOUL -- A public-private consultative body called "Urban Air Mobility Team Korea" was launched to commercialize drone taxis in 2025 under a government road map in which South Korea will enact a special law to introduce an ecosystem covering personal air vehicles ahead of other countries Urban air mobility (UAM) is an ecosystem covering personal air vehicles (PAVs) and infrastructure such as a new navigation system, take-off and landing fields and charging technologies. PA 2020-06-24
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  KT forges partnership with state car parts research institute to nurture future car technologies SEOUL -- KT, South Korea's largest telecom company, has forged a partnership with a state car parts research institute to co-develop autonomous driving technology in an effort to boost South Korea's presence in the global self-driving technology industry. KT said in a statement on Tuesday that the company and Korea Automotive Technology Institute (Katech) have signed a memorandum of understanding to cooperate in the development and demonstration of suture car technologies su 2020-06-23
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  Kia partners with Google Cloud to develop AI-based owner's manual smartphone app SEOUL -- Kia Motors, affiliated with South Korea's Hyundai auto group, has partnered with the cloud computing and storage wing of Google to develop a digital version of owners' manual that uses artificial intelligence and augmented reality to teach drivers how to use their car features. Kia has introduced "Kia Owner's Manual App" jointly with Google Cloud and Megazone, a South Korean cloud computing company. The owner's manual explains the name and functio 2020-06-18
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  Hyundai and Hankook Tire join hands to build S. Korea's largest driving center SEOUL -- South Korea's Hyundai's auto group joined hands with the holding company of Hankook Tire to build the country's largest driving center that will become an iconic place for the promotion of new technologies as well as a test-driving track where customers can try a variety of new cars. Hyundai's auto group said in a statement that the driving center in Taean County would be about the size of 176 football fields. The driving center at Hankook Tire's test tr 2020-06-17
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  Special law to accelerate early commercialization of urban air mobility in S. Korea SEOUL -- South Korea will enact a special law to achieve the commercialization of urban air mobility ahead of other countries. Finance Minister Hong Nam-ki said early commercialization will help South Korean companies gain the upper hand in competition with global companies and secure leadership in the initial market. Urban air mobility (UAM) is an ecosystem covering personal air vehicles (PAVs) and infrastructure such as a new navigation system, take-off and landing fields and char 2020-06-04
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  Hyundai partners with Hanwha Q Cells to develop ESS based on spent EV batteries SEOUL -- For its energy storage business, South Korea's Hyundai auto group has discovered a new partner to push for the joint development of an energy storage system that recycles spent electric vehicle batteries and targets clients in Europe and North America. The auto group has signed a memorandum of understanding with Hanwha Q Cells, the manufacturer of photovoltaic solar cells, on the joint development of an energy storage system (ESS) based on the reuse of electric vehicle 2020-06-01
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  Hyundai Motor agrees to feature new models and technologies in Sony Pictures films SEOUL -- Hyundai Motor's new models and technologies will be featured in five upcoming Sony Pictures films under a promotional partnership between the two companies, which will collaborate on a wide range of ancillary content-creation. The partnership will marry Sony Pictures' intellectual property with Hyundai Motor's technology and designs, building on the cinematic quality of the studio's big-screen fare and bringing to life the automaker's future mobility v 2020-05-28
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  Luxury car brand Genesis to share vehicle data for development of third-party products and services SEOUL -- Hyundai Motor's luxury car brand Genesis will share vehicle data collected from actual cars so that third parties including developers can improve and upgrade products and services for connected cars. Genesis introduced "Genesis Developers," an open data platform that shares vehicle-related big data with private and corporate developers. The data, collected from Genesis drivers who gave consent, will be provided in an application programming interface (API) fo 2020-05-20
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  Solid-state battery technology dominates special business meeting between Samsung and Hyundai leaders SEOUL -- Solid-state battery technology developed by Samsung researchers for next-generation electric vehicles became a leading keyword in South Korea's business community following rare private talks between the de facto leaders of two big conglomerates, Samsung and Hyundai. The business meeting between Samsung Electronics vice chairman Jay Y. Lee and Hyundai Motor Group's executive vice chairman Chung Eui-sun was made on Wednesday at the battery plant of Samsung Display 2020-05-13
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  Volvo agrees to use SK Telecom's integrated in-vehicle infotainment service SEOUL -- SK Telecom will provide its integrated in-vehicle infotainment service to Volvo cars to be sold in South Korea under a business partnership that would help the mobile carrier expand its mobility ecosystem. SK Telecom (SKT) said Monday that It has signed a joint technology development agreement with Volvo Car Korea to cooperate in the development of IVI-related technologies. This is the first time that SKT's integrated in-vehicle infotainment (IVI) service will be used 2020-05-11
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  Sejong City to establish blockchain-based autonomous vehicle trusted platform SEOUL -- In a government-led project, a trusted platform for the verification of autonomous driving using blockchain technology will be set up in Sejong, a planned city designated as a testbed for smart city solutions. The city has one of South Korea's most advanced smart city platforms capable of supporting future technologies. A trusted platform refers to a module using technologies that verify and protect digital identities of self-driving cars and their systems. Such techn 2020-05-08
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  Hyundai auto group partners with state agency to establish management system for open-source software distribution SEOUL -- South Korea's Hyundai auto group forged a partnership with a state agency to establish a management system for the distribution of open-source software to nurture future car technologies including autonomous driving and connected cars. Hyundai Motor and its affiliated Kia Motors said in a joint statement on Friday that they have signed a memorandum of understanding with the National IT Industry Promotion Agency to verify and manage open-source software licenses and nu 2020-05-08
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  Hyundai Mobis develops new sound warning system for electric vehicles SEOUL -- Hyundai Mobis, the parts-making wing of South Korea's Hyundai auto group, has developed a new virtual engine sound system using grille covers. The grille was used as a vibrating plate to reduce weight, size and cost while improving the performance of a warning noise for pedestrians. Usually, speakers consist of an actuator that generates real sound and a vibrating board that propagates the sound to the outside. Hyundai Mobis said its new system attached the actuator to 2020-05-06
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  Hyundai Motor mulls investment in Israeli smart glass startup: Yonhap SEOUL -- Hyundai Motor Co., South Korea's biggest carmaker by sales, said it is considering investing in an Israeli smart glass startup for cooperation in next-generation vehicles. Hyundai's potential investment in Gauzy Ltd., which manufactures liquid crystal glass panels, known as smart glass, for use in a variety of industries comes as it seeks to use the high-end product in its environment-friendly vehicles and urban air mobility (UAM) solutions, a company official sai 2020-04-27
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  Hyundai Motor unveils enhanced version of high-performance Veloster N SEOUL -- Hyundai Motor unveiled the enhanced version of its high-performance car, Veloster N, equipped with an eight-speed wet dual-clutch transmission called "N DCT," saying it is designed and engineered to deliver exhilarating driving fun. N DCT provides the engaging experience of a manual transmission with the convenience of an automatic transmission, Hyundai said in a statement, adding the new Veloster N can accelerate from 0 to 100 kilometers (62 miles) per hour in 2020-04-21
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  Hyundai wins state approval to export hydrogen fuel cell system technology to U.S. and Europe SEOUL -- South Korea's Hyundai's auto group has won state approval to export its hydrogen fuel cell technology to the United States and Europe, opening the way for the carmaker to expand its presence in other countries where the demand for the next-generation eco-friendly vehicle powertrain is high. The Ministry of Trade, Industry and Energy said in a statement on Monday that it has decided to allow Hyundai to export its hydrogen fuel cell technology. Currently, exports 2020-04-20
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  SK Innovation's new batteries to be used for China's Mark 5 all-electric SUV SEOUL -- SK Innovation has secured a stable sales network for new batteries to be produced at its joint venture in China. Arcfox, an electric vehicle brand of Beijing Electric Vehicle (BJEV), will use SK Innovation's batteries for Mark 5, an all-electric sport utility vehicle that will make its commercial debut in the second half of this year. In December 2019, SK Innovation (SKI), a subsidiary of South Korea's SK Group, completed the construction of BEST, a battery cell joi 2020-04-20