CEO vows to launch safer, more reliable aircrafts, not cheaper ones

HD Hyundai Vice Chairman Chung Ki-sun (left) and Hyundai Motor Group Executive Chair Chung Euisun look around HD Hyundai's exhibition area at the CES 2024 in Las Vegas on Tuesday. As the grandsons of Chung Ju-yung, the late founder of Hyundai Group, the two business moguls are cousins. HD Hyundai is showcasing the future of construction on the back of automation technology at this year's global tech convention. (HD Hyundai)

LAS VEGAS -- Kia on Monday unveiled a versatile lineup of concept purpose-built electric vehicles at the CES 2024, featuring an all-new modular design architecture, and targeting commercial applications with a focus on sustainability and a blend of hardware and software solutions. The lineup is set for commercialization in 2028. “We are targeting the under-electrified light commercial vehicle market, identifying an opportunity to innovate in a sector burdened by inefficient post-production

LAS VEGAS -- Hyundai Motor Group on Monday unveiled a centralized strategy for its software-defined vehicles and an expanded hydrogen ecosystem during the CES 2024. "Our hydrogen venture is for future generations. ... (Software-defined vehicles) can offer enhanced safety,” said Hyundai Motor Group Executive Chair Chung Euisun, who attended the media conference held at the Mandalay Bay Convention Center in Las Vegas on Monday Hyundai reinforced its commitment to hydrogen energy by e

SK On is poised to supply high-performance nickel, cobalt and manganese (NCM) batteries for Chinese-made electric buses imported to South Korea, industry sources said Monday. The battery manufacturer recently clinched a deal with EM Korea, an electric bus sales company, which will install the batteries in China Hi-Tech Group Corporation’s EFICITY bus models, according to media reports. An SK On official confirmed the deal and said the NCM batteries have energy density levels beyond the ele

A group of 33 US senators on Thursday called on Hyundai Motor Group and 12 other auto manufacturing companies not to interfere with the United Auto Workers’ ongoing efforts to unionize at their US plants. Democrats Gary Peters, Ron Wyden, Dick Durbin and others signed a letter and sent it to top executives at Hyundai Motor Group, Tesla, Toyota, Volkswagen, Mercedes-Benz, BMW, Rivian and others, urging them to remain neutral in union organizing activities. “We are concerned by reporti

Hyundai Motor Company’s smaller sibling Kia’s large-sized full-electric sport utility vehicle, the EV9, won the 2024 North American Utility of the Year award, the company said Friday. The North American Car, Truck and Utility Vehicle of the Year Awards was held at the city of Pontiac in Michigan on Thursday. This is the third time Kia has won the top SUV honor, after its midsized SUV Telluride and battery-powered crossover SUV EV6 each won the title in 2020 and 2023, respectively. On

Carmakers hint at adjusting strategy for electrification, with renewed emphasis on hybrid vehicles

BMW outpaces archrival Mercedes-Benz for 1st time since 2015, selling over 77,000 vehicles in 2023

Kia has set a new record by selling 3.08 million vehicles across the world last year, Korea’s second-largest automaker said Wednesday. Kia sold 563,660 cars in Korea and 2.51 million vehicles overseas, up 4.6 percent and 6.7 percent on-year, respectively. The automaker’s previous record was 3.04 million units in 2014. Kia’s sport utility vehicles led the company’s record year. The three bestselling models were the Sportage with 523,502 units sold, the Seltos with 344,013

Chung Euisun picks constant change, sustainable growth as key strategies to thrive amid uncertainties

With the US government excluding electric vehicles equipped with Chinese batteries for tax credits starting this year, Korea-made electric cars sold in the US officially became ineligible for the hefty tax break. According to the US Department of Energy on Monday, only 19 EV models are available for tax credits of up to $7,500 following the Inflation Reduction Act, a drop from last year’s 43 models. Several US automakers’ electric car and plug-in hybrid models -- Chevrolet, Chrysle

Korean auto giant focused on developing advanced air mobility with US unit Supernal

LG Display said Monday it will unveil four new automotive display technologies at the upcoming CES 2024 slated for next week in Las Vegas, introducing innovations tailored for software-defined vehicles that heavily rely on multiple advanced displays for various functions. These display solutions aim to improve the flexibility, visual quality, affordability, and safety of screens in software-defined vehicles. Central to LG's showcase is the adaptation of P-OLED, or plastic OLED, technology t

Carmaker points to decadeslong development of mechanical engineering as key to success