According to a report from South Korean media house IT News, Hyundai Motor and Apple Inc will be signing a partnership deal in the coming weeks on autonomous electric cars. A deal could be on the cards to start their production in the United States sometime in 2024. Earlier last week, another report had said,…
On Monday, China finance ministry stated, it plans on rolling new policies to support hydrogen fuel cell vehicles in order to boost the industry’s supply chain and related technologies. China has emerged as the world’s biggest market for new energy vehicles (NEVs), which includes plug-in hybrids, battery electric vehicles as well as and hydrogen fuel…
With U.S. electric vehicle pioneer Tesla Inc accelerating the shift towards electric cars, Hyundai Motor suppliers have increasingly turned to “outsiders” for parts; but now Hyundai’s own supply company, Mobis, plans on plunging into this supply chain. Hyundai Mobis is negotiating with two global automakers to supply electrified parts, said the company’s executive with an…
With the coronavirus pandemic continuing its run in China, Hyundai Motor stated, it plans on gradually suspending production at its South Korean factories from Tuesday. Hyundai is the first automaker to do so outside China. The coronavirus is disrupted supply chain. Other global automakers, including PSA Peugeot Citroen, Ford, Nissan, Honda Motors have suspended the…
On Tuesday, Uber Technologies Inc and Hyundai Motor stated, they plan on a joint development of electric air taxis, as they push further to ease the menace of urban congestion. Hyundai is set to unveil its concept electric aircraft which it developed with Uber, at the Consumer Electronics Show (CES) in Las Vegas. The model…
Tesla is placing its supply chain in order as it gears up for production at its Shanghai Gigafactory. According to two sources with direct knowledge of the matter at hand, Tesla Inc has signed a preliminary agreement with Tianjin Lishen for supplying batteries for its Shanghai Gigafactory, as it plans to expand its battery sourcing…
The strategic move by Hyundai Motor marks a growing trends towards collaborating with strategic partners rather than develop technologies by itself. On Thursday, Hyundai Motor Co stated it has invested an undisclosed amount in Singapore-based ride-hailing firm Grab marking its first ever foray into the fast burgeoning sector as it tries to diversify its sales…
South Korean companies face the brunt of China’s fury as the South Korean government deploys U.S. THAAD missiles to protect itself against a nuclear armed North Korea. Here’s how Beijing is protecting its North Korean ally. On Monday, South Korean automaker Hyundai Motor disclosed it would be replacing the head of its China operations. The…
While Hyundai Motor has focussed on fuel cell technology, its peers including Tesla, have surged ahead in battery technology. On Thursday, Hyundai Motor Co disclosed it would be launching a long-range electric vehicle featuring a driving range of at least 311 miles (500 km) per charge after 2021. The annoucement is aimed at addressing investor…
