Hyundai Archives — City Business News

January 10, 2024 No Responses

Firm Gets $716m Contract For 15 Petrochemical Carriers

South Korean shipbuilding giant, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured $716 million contract for fifteen petrochemical product carriers. According to the shipbuilder company, the units will be constructed at Hyundai Mipo Dockyard (HMD) and are expected...

November 5, 2023 No Responses

Hyundai Rolls Out Low-Carbon Electric Propulsion System For Large Ships

HD Korea Shipbuilding & Marine Engineering and HD Hyundai Heavy Industries (HHI), affiliates of HD Hyundai Shipbuilding, has received approval in principle (AIP) for the low-carbon electric propulsion system (phase II) for solid oxide fuel cell (SOFC) batt...

October 3, 2023 No Responses

Hyundai Motor Hosts 2023 IDEA Festival

Hyundai Motor Group held the main round of 2023 IDEA Festival at the Group’s Namyang Research & Development (R&D) Center, where employees proposed innovative concepts for future mobility solutions to benefit the disadvantaged. Now in its 14th year, t...

September 19, 2023 No Responses

Hyundai Motor Group To Donate $1.1m For Moroccan Earthquake, Libya Flood Recovery

Hyundai Motor Group has announced a $1.1 million contribution to aid Morocco and Libya in their recovery efforts following severe earthquakes and floods. The donations come from the four affiliates of Hyundai Motor Group (Hyundai Motor Company, Kia, Hyund...

August 15, 2023 No Responses

Hyundai Delivers 277,465 Units In July

Hyundai Motor Company has announced global sales of 277,465 units in July 2023, a 1.2 percent increase year-over-year. Despite continued uncertainties in the business environment, the company is maintaining sales momentum due to the gradual recovery from...

August 6, 2023 No Responses

All-New Hyundai Santa Fe Debuts

Hyundai Motor Company has revealed its radically transformed all-new SANTA FE. City Business News report that the fifth-generation midsize SUV carries forward its signature nature-meets-city appeal while implementing major updates shaped by big data around the...

August 4, 2023 No Responses

Hyundai, Kia Recalls 91,000 Vehicles Over Fire Risk

South Korea’s Hyundai Motor and Kia are recalling almost 92,000 vehicles in the United States because of a fire risk. BBC reports that the recall affects several models and stems from an issue with the electrical component in a transmission oil...

July 28, 2023 No Responses

Hyundai Delivers 1,059,713 Vehicles In Q2

Hyundai Motor Company, on Thursday announced its business results for the second quarter of 2023, reflecting continued strong demand for its electric vehicles (EV), sport utility vehicles (SUV) and luxury models around the world. City Business News report that...

July 27, 2023 No Responses

Four Contenders Join Race For HMM’s $3.9b Privatization

Four bidders have thrown their hats in the ring for the privatization of HMM, Korea’s largest shipping company, as the government seeks to divest a controlling stake valued at 5 trillion won ($3.9 billion). HMM Co Ltd, formerly Hyundai Merchant...

July 2, 2023 No Responses

Hyundai, Kia Revamp Research & Development

Hyundai Motor Company and Kia Corporation have announced they are reorganizing their joint research and development (R&D) organization to flexibly respond to the rapidly changing global automotive industry, advance the transition to electrification and acc...

June 19, 2023 No Responses

Stallion Group Reaffirms Hyundai Kona EV Leadership, Energy Costs, Environmental Impact

Stallion Motors Nigeria has reaffirmed its leadership in the Nigerian automobile industry with the commendation of the company’s Hyundai Kona EV, Nigeria’s first locally produced electric vehicle by Vice President Kashim Shettima. Produced from its Lagos p...

June 17, 2023 No Responses

PHOTO NEWS

June 12, 2023 No Responses

Hyundai Secures Approval For New Tank Shape For Liquefied Gas, Fuel

Korean Register (KR) has awarded an Approval in Principle (AIP) to HD Hyundai Heavy Industries (HD HHI) for a new type of tank shape with sloshing-restrained technology designed for various liquefied gases and fuels. World Maritime News report that t...

June 1, 2023 No Responses

Hyundai, Kia Renew FIFA Partnerships

Hyundai Motor Company and Kia Corporation on Wednesday jointly announced the renewal of their longstanding partnerships with FIFA through 2030. City Business News report that the renewed agreement welcomes Group subsidiaries Boston Dynamics and Supernal ...