Hyundai, Aptiv to form $4 billion JV for self-driving platform
Seoul: Hyundai Motor Group said Monday it will set up a $4 billion joint venture (JV) with Ireland-based autonomous vehicle startup Aptiv next year to develop a self-driving platform. Faced with the spread of protectionism and tougher competition with rivals, the South Korean carmaker has been aggressive in investing in overseas startups with advanced future […]
Hyundai launches hybrid version of latest Sonata model
Hyundai Motor Co. on Monday launched the gasoline hybrid version of its all-new Sonata sedan in the domestic market for customers wanting fuel-efficient cars. The Sonata 2.0-liter gasoline hybrid model comes with a six-speed automatic transmission and a solar roof, and it boasts a fuel economy of over 20 kilometers per liter, the company said […]
Uzbekistan to boost car production, export
Uzbekistan is to increase the production of cars from the current 250,000 to 350,000 units by 2023 and to boost export to at least 100,000 cars. Joint Stock Company “Uzavtosanoat” was given the task during a meeting chaired by Uzbekistan President Shavkat Mirziyoyev to discuss the development of the automobile industry. Uzbekistan’s automobile industry has […]
China’s car market energized by opening up efforts
In the Tesla’s new gigafactory in Shanghai, hammer apparatus, excavators, dumper lorries, and dozens of electric workers are busy with the construction of a plant that is capable of producing 500,000 cars each year upon completion. As the first wholly foreign-owned new-energy car subsidiary in China, the super factory received 50 billion yuan ($7.45 billion) […]
S. Korea: market share of eco-friendly cars jumped to 8.2 pct last year
The share of environment-friendly vehicles jumped to 8.2 percent of South Korea’s passenger car market last year on government subsidies and changing consumer appetite, a car industry association said Sunday. In 2018, the number of environment-friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, reached 124,979 units, jumping 26 percent from a […]
Seoul Motor Show losing appeal among carmakers
Korea’s largest car exhibition, Seoul Motor Show, is losing support from carmakers and parts suppliers as the show is no longer effective for promoting their products or provide new experience to visitors, according to industry officials Wednesday. They also criticized the organizers for still being obsessed with the number of new cars unveiled or other […]
Hyundai Genesis EQ900 launch at Grand Hyatt, Seoul
On December 9, I had an opportunity to attend the launch of Gensis EQ900 at Grand Hyatt Hotel. I went in with no expectations whatsoever, but I was thrilled to see the number of people and the energy in the event. Suit-worn, tie-clad men in black stood, chatting and chuckling. Journalists talked and took photos, […]
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