Tag: Hyundai

Grab pulls in $250M from Hyundai as ongoing round reaches $2.7B

Grab, the Singapore startup that bought Uber’s Southeast Asia business earlier this year, continues to announce strategic investors for its ongoing Series H funding round. The latest edition revealed today is Korean automotive firm Hyundai, which is investing $250 million. Hyundai first invested in Grab in January, and it joins recently announced investors Microsoft (undisclosed)… Continue reading Grab pulls in $250M from Hyundai as ongoing round reaches $2.7B

Hyundai Motor invests in Israeli computer vision firm allegro.ai

This is Hyundai’s fifth investment in an Israeli company. TEL AVIV: Hyundai Cradle, Hyundai Motor Co’s corporate venture business, said on Monday it invested in allegro.ai, an Israeli company specializing in deep learning-based computer vision. Financial details were not disclosed. Hyundai said the partnership with allegro.ai will allow it to speed up deployment of artificial… Continue reading Hyundai Motor invests in Israeli computer vision firm allegro.ai

The Aspark Owl Will Cost You €1 Million… For A Deposit

You’ll need to lay down some serious cheddar just to reserve one of these Japanese electric hypercars While the biggest stories of the Paris Motor Show were the mainstream manufacturer reveals – the likes of the new BMW 3-series and the Hyundai i30 N Fastback – we mustn’t forget about the smaller companies showcasing their… Continue reading The Aspark Owl Will Cost You €1 Million… For A Deposit

Recall alert: Hyundai Ioniq in the hot seat

2019 Hyundai Ioniq Electric
Hyundai is recalling 10,575 Ioniq Hybrid and Plug-in Hybrid models from 2017 and 2018 to replace a wiring relay in the drive system.

The recall mirrors a similar problem announced last month with the Ioniq's platform-mate, the Kia Niro, which was also recalled.

Bad connections in a drive-system relay can cause the relay to overheat and lead to a fire, the automaker said in the recall notice. Drivers may see some early warning signs if the HEV warning light appears while driving, or the car won't start.

The recall affects Ioniqs built between November 16, 2016 and August 16, 2017

READ THIS: 2017-2018 Kia Niro hybrid recall concerns extra heat in the back seat

Like in the Niro, the relay is located under the back seat and can result in the rear seat getting warm or even catching fire. Parents placing children back there should be especially vigilant.

Hyundai says it will replace the relay free, and if technicians find any damage, the whole power relay assembly will be replaced.

Owners should expect to be notified by November 30th.

In the meantime, if backseat passengers say their seats are getting warm, it may not be just the optional bun warmers.

Press Release No. 24/2018 – Vehicle registrations in October 2018

Date 02.11.2018 Flensburg, November 2, 2018. In October 2018, 252,682 Passenger cars (Cars) newly registered. That is -7.4 percent less than in the same month last year. The share of private registrations was 36.3 percent (-10.1%). In the first ten months of this year, a total of 2,926,046 new passenger cars registered a plus of… Continue reading Press Release No. 24/2018 – Vehicle registrations in October 2018

Hyundai, Yield Capital launch $100m hydrogen energy-focused VC

November 1, 2018 South Korea’s Hyundai Motor Company has teamed up with Beijing-Tsinghua Industrial R&D Institute (BTIRDI), a Chinese engineering institute, to jointly raise around $100 million for a fund that invests in hydrogen energy startups. Hyundai Motor and Yield Capital, an investment unit under BTIRDI, will manage Hydrogen Energy Industry Fund, which will support… Continue reading Hyundai, Yield Capital launch $100m hydrogen energy-focused VC