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News articles about Hyundai Motor companies in July and August.
Let’s check them out!
2023. July 17
Hyundai Kia Motors Prepares to Produce 1.4 Million Units in India. Construction of a new high-tech office building
On the 29th of last month, Dipalu Chaudry (32), the deputy manager of Hyundai Motor Company in Gurgaon, India, met at a dealership in Gurgaon, India.
When asked if Korean cars sold well in India, he said this. As he said, on the streets of India, Hyundai and Kia vehicles could easily be seen.
“Hyundai Motor has an image of a premium car that can be ridden by the middle class or higher,” said Chaudhry, deputy manager of the branch.
Source : https://www.donga.com/news/Economy/article/all/20230717/120266395/1
The related article in English : https://www.kedglobal.com/automobiles/newsView/ked202308160016
The related Youtube video :
2023. July 17
Hyundai Motor Group’s factories in China and Russia suffered a major blow. Retaliation for THAAD and Aftermath of the Ukrainian War
Entering the 2000s, the world’s hot topic was entering emerging markets following the US and Europe. The “BRICs” (Brazil, Russia, India, and China) first mentioned by Goldman Sachs, an American investment bank, in 2001 have attracted the most attention among them.
Hyundai Motor Group also quickly invested in these countries. It built factories in India in 1998, China in 2002, Russia in 2011, and Brazil in 2012, making it a key base for globalization. In these countries, where 10 to 20 years have passed since entering the country, the status of Hyundai Motor Group is different.
In 2016, Hyundai Motor Group sold 1.83 million units on a wholesale basis in China, including Hyundai Motor and Kia. Hyundai Motor Company increased its local factories to five, and Kia also operated three production factories. The combined share of the Chinese passenger car market rose to 8.1%. However, as anti-Korean sentiment was expressed in China following the deployment of THAAD in 2017, sales in China plummeted. Last year, the Hyundai Motor Group’s market share in China fell to the 1% range (1.9%), and in the meantime, Hyundai Motors and Kia’s factories also decreased by one each.
Source : https://www.donga.com/news/Economy/article/all/20230717/120266401/1
2023. July 20
“Scratches on the car are okay” Hyundai Motor Company unveils dream car nano technology
Hyundai Motor and Kia introduced new nanomaterial technology to be applied to future ‘dream cars’. 1 nm (nanometer · 1 billionth of a meter) is a small unit of 1/100,000 of the thickness of a human hair. By synthesizing materials in nanometer (nm) units and changing their arrangement, materials with new properties are born.
The reason why Hyundai and Kia are focusing on nanotechnology is that basic material technology is the starting point of all mobility technologies. Hyundai Motor Company and Kia started material research in the 1970s, and in the late 1990s, they established an organization focused on researching advanced materials and carried out large-scale investments and projects.
The related news articles in Greek : https://www.carandmotor.gr/nea/telos-oi-gratsoynies-sto-aytokinito-me-nea-mpogia
The related Youtube video :
2023. August 10
Hyundai Mobis supplies ‘battery system’ to Volkswagen’s electric vehicles
Hyundai Mobis will supply trillions of won worth of battery system (BSM), a key component of electric vehicles, to Volkswagen in Germany. It is a key part that will be applied to Volkswagen’s next-generation electric vehicles, and it plans to supply it within 3 to 4 years.
On the 9th, Hyundai Mobis announced the contract for the battery system from Volkswagen, but did not disclose the specific amount of the order. Hyundai Mobis plans to supply battery systems by setting up a new production base near the Volkswagen plant in Spain.
Source: https://m.hani.co.kr/arti/economy/car/1103655.html?_fr=gg#ace04ou
2023. August 25
Genesis wins 1st and 2nd place in ‘J.D. Power Advanced Technology’
Genesis and Hyundai Motors were recognized for their top-notch technology by winning high ranks in the high-tech satisfaction survey selected by J.D. Power.
On the 24th (local time), J.D. Power, a market research firm in the US, ranked Genesis (656 points) and Hyundai Motor Company (547 points) in the ‘2023 US Technology Experience Index Survey (TXI)’, Cadillac (533 points), Lexus (533 points), It announced that it ranked first and second in the overall brand rankings, beating leading finished car brands such as BMW (528 points).
The TXI survey was conducted from February to May of this year with about 80,000 consumers who purchased a new 2023 model and owned it for more than 90 days.
Source : https://mbiz.heraldcorp.com/view.php?ud=20230825000074
2023. August 27
Hyundai Mobis starts developing 5G-based integrated controller with Israeli communication semiconductor design company
Hyundai Mobis will develop a 5G mobile communication (5G)-based integrated controller with Autotalks, an Israeli semiconductor design company, to secure core technology for fully autonomous driving.
Hyundai Mobis announced on the 27th that it will develop a 5G-based Vehicle-to-X (V2X) integrated controller with Autotalks, a fabless company specializing in communication semiconductor design.
Autotalks is a company acquired by Qualcomm and has capabilities in the field of V2X semiconductor design. Hyundai Motor Company also made a strategic investment in Autotalks in 2018.
Source : https://m.businesspost.co.kr/BP?command=mobile_view&num=325482
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