Hyundai Motor’s open-innovation business has inked a partnership with US-based fleet management software company Netradyne to create digital maps necessary for autonomous driving technologies, Hyundai Motor America said Thursday. Hyundai Cradle, the automaker’s wholly owned venture capital arm, said its partnership and investment in Netradyne would help the firm build a high-definition map for level-three advanced driver assistance systems, according to Hyundai Motor America. Under t

 The number of commercial vehicles sold by Volvo Trucks Korea has surpassed the 25,000 mark, a first for a foreign auto brand here, the company said Tuesday.The local importer and distributor of the Swedish carmaker delivered its 25,000th vehicle to a customer on Monday at its central cargo center in Pyeongtaek, Gyeonggi Province. After delivering its first vehicle in South Korea in 1997, Volvo Trucks Korea went on to sell its 5,000th in 2007 and reached the 10,000 mark in 2012. Since then

A group of South Korean reporters covering automobiles picked Mercedes-Benz’s latest sports utility vehicle, the New GLE, as the car of the month, they announced Tuesday.According to the Korea Automobile Journalists Association, the SUV from the German luxury carmaker earned 18.4 points of 25, taking the top spot for the monthly award. It competed against GM Korea’s Chevrolet Traverse and Kia Motors’ Mohave the Master.The association assesses finalists in five categories. The N

South Korea’s auto industry, a key driver of the nation’s economic growth, is likely to go through throes of change as carmakers’ restructuring plans are gaining market support.An advisory group consisting of five independent industrial experts said Sunday in a report presented to the management and the labor union of Hyundai Motor that it would be inevitable for the largest carmaker here to reduce its manufacturing workforce by 20-40 percent by 2025. Stressing several changes

German carmaker Mercedes-Benz recorded the third-highest sales figure in the country in September, after Hyundai Motor and Kia Motors, outpacing three major local carmakers, according to industry data.According to data from the Korea Automobile Manufacturers Association and the Korea Automobile Manufacturers Association, a total of 118,895 vehicles were sold in September, an increase of about 8.9 percent from the previous month.Of them, Hyundai Motor and its sister company Kia Motors accounted f

Han Sung Motor's Dream Gream project fosters young artists through diverse opportunities

Renault Samsung Motors has been pioneering new sectors in the local automotive market, which has been largely dominated by gasoline-powered sport utility vehicles. The automaker launched a face-lifted version of the QM6 in June, its most popular and most trusted midsized SUV model.The upgraded version, which is also the country’s first liquefied petroleum gas-powered SUV, has proved popular in the local market, leading the carmaker to record the second-highest midsized SUV sales in Ju

CODE42, a local startup that is developing an autonomous transportation-as-a-service platform, said Tuesday it has raised 30 billion won ($25 million) in pre-Series A funding from major firms including Kia Motors and conglomerates SK, LG and CJ.This follows the 2 billion won in seed funding it received from Hyundai Motor in March.In one of the most successful pre-Series A funding round here, Kia invested the largest portion of 15 billion won, the company added. The 30 billion won will be used to

Automaker newly establishes urban air mobility division to focus on developing smart mobility service within aviation sector

Nissan Motor said Monday it will continue its operations in South Korea amid trade tensions between the two Asian neighbors, despite headwinds like a boycott of Japanese products.The Japanese carmaker’s commitment to South Korea follows market rumors that it will pull out of the market here as its sales have been hit hard by the escalating trade tensions between Seoul and Tokyo.  “We make it clear that we will maintain our business operations in the ‘strategically importan

Hyundai Motor Group said Friday it has partnered with US powertrain giant Cummins to develop technology for electric and fuel cell powertrains and commercialize them in the US. The automaker has signed a memorandum of understanding with Cummins to work together to develop next-generation fuel cell systems.  Through the collaboration, the company expects to develop powertrain products by combining Hyundai Motor’s fuel cell systems with Cummins’ electric powertrain, battery a

Hyundai Motor Group said Thursday that its open innovation platform is to host a three-day festival called “Zero One Day,” where artists, developers and startups can share their ideas and communicate in a creative environment. The event is named after and hosted by Zero One, an open innovation platform launched by Hyundai in March 2018. It will offer opportunities for participants to present their projects and business models to the public. About 70 projects will be presented this ye

Audi Volkswagen Korea said Thursday it has opened a media art exhibition in Seoul to present the future of green mobility.Titled “The Next Chapter,” the exhibition displays joint projects by artists at home and abroad visualize safe and sustainable mobility and its role of changing the life of future generation. The two-week event is taking place at JCC Art Center in Jongro, central Seoul. It is a cultural platform for the company’s Tomoroad initiative, a joint project with Kor

Hyundai Motor Group is reportedly planning to conduct a large-scale trial of its hydrogen-fueled trucks in Israel, although the automaker refused to confirm the details Wednesday.According to the report by Israel’s Calcalist, a delegation from Hyundai visited the country last month to discuss the project with officials from the office of Prime Minister Benjamin Netanyahu.Israel’s extremely dry and hot climate due to the Dead Sea region, as well as optimal road situation in the Northe

While driving exhilaration and extravagant exteriors are the usual perks of sports cars, low practicality and the lack of space are a drawback. Targeting the niche, Jaguar E-Pace blurred the lines between a sports car and a SUV by launching the diesel model earlier this year to boost the E-Pace as an efficient model with performance, succeeding the popularity of F-Pace which saw some 46,000 units of sales globally last year.  The design elements of Jaguar E-Pace include the familiar Ja