Hyundai to invest in Impact Coatings, H2Pro and GRZ Technologies for fuel cell, hydrogen production, and hydrogen storage technologies The investments will strengthen Hyundai’s hydrogen leadership with expanded infrastructure and efficient FCEV manufacturing 30 October 2019 – Hyundai Motor Company announced key investments into three companies – Impact Coatings, H2Pro and GRZ Technologies – to… Continue reading Hyundai Accelerates Hydrogen Technology Development
Tag: Hyundai
Kia Motors posts global sales of 248,752 units in October
Kia Motors Corporation announced today that it sold 248,752 vehicles around the world in October, compared to 250,680 units sold in the same period last year. Best-selling model for the month was the Sportage SUV, with 41,707 units sold worldwide. Sales in Korea rose 2.3 percent from a year earlier to 47,143 units, led by… Continue reading Kia Motors posts global sales of 248,752 units in October
Ford shutters oldest Brazil plant as revival bid faces doubts
FILE PHOTO: The Ford logo is seen at the Ford oldest Brazil plant in Sao Bernardo do Campo, Brazil September 3, 2019. REUTERS/Rahel Patrasso SAO PAULO (Reuters) – Ford Motor Co (F.N) on Wednesday said it was shutting down its oldest plant in Brazil later in the day as planned, with prospects for saving any… Continue reading Ford shutters oldest Brazil plant as revival bid faces doubts
Autonomous Transportation-As-A-Service Startup CODE42 Raises USD 25 Million in Pre-A Funding
As lead investor, Kia Motors contributed USD 12.5 million to the deal. The USD 25 million investment marks one of the largest Pre-A rounds of funding for the Korean startup market, with past references typically ranging under USD 10 million. The newly raised funds will be utilized to complete development of CODE42’s core UMOS (Urban… Continue reading Autonomous Transportation-As-A-Service Startup CODE42 Raises USD 25 Million in Pre-A Funding
Automakers seeking profitable autonomous safety features: Aptiv CEO
DETROIT (Reuters) – With fully self-driving cars many years from mass market adoption because of the high cost and complexity of the technology, auto supplier Aptiv Plc is seeing soaring demand from automakers for more basic semi-automated driving features, the company’s top executive said on Wednesday. FILE PHOTO: Philip Floyd, senior engineering technician for the… Continue reading Automakers seeking profitable autonomous safety features: Aptiv CEO
Kia Motors leads $25m funding in S Korean startup CODE42
South Korea’s autonomous transportation-as-a-service startup CODE42 has raised $25 million (KRW 30 billion) in its pre-Series A funding round led by Kia Motors, marking one of the largest investments in the Korean startup space. Other investors who participated in the current round include Korean conglomerates SK Group, LG and CJ. As the lead investor, Kia… Continue reading Kia Motors leads $25m funding in S Korean startup CODE42
Hyundai Motor Group TECH, Opens as New Platform for HMG’s Innovation Efforts
Newest communication channel to provide product-related content on advanced technology of Hyundai Motor Group (HMG) Information Hub for key future automobile technology such as artificial intelligence and smart mobility To feature tech-focused content with video and infographics Hyundai Motor Group (the Group) launched its newest communication platform: Hyundai Motor Group TECH (https://tech.Hyundaimotorgroup.com). The website is… Continue reading Hyundai Motor Group TECH, Opens as New Platform for HMG’s Innovation Efforts
Decision by GM, FCA to side with Trump in mpg fight draws fire
Washington — Democrats in the U.S. House of Representatives railed against General Motors Co. and Fiat Chrysler Automobiles NV on Tuesday for siding with the Trump administration in a legal fight with California over gas mileage rules for the nation’s auto industry. And in testimony before a House panel Tuesday, former California Gov. Jerry Brown singled out GM,… Continue reading Decision by GM, FCA to side with Trump in mpg fight draws fire
Hyundai, Taavura forge partnership for future mobility
South Korean carmaker Hyundai Motor and Israeli mobility firm Taavura have forged a partnership to seek business opportunities in future mobility, the companies said Tuesday.The company plans to establish a Taavura Innovation Center this year to nurture Israeli budding enterprises and secure its innovative technology in smart mobility, transportation, logistics and energy.Sull Won-hee (left), executive vice president and head of Hyundai Motor’s Technology Innovation Center shakes hands with Shai Livnat, CEO of Taavura Group, at an MOU signing ceremony held in Ramla, Israel, on Monday.
Hyundai Mobis increases the 5G connected car development synergies
Hyundai Mobis and KT to share the results of technology development and discuss future collaboration at the Seosan Proving Ground Completed the first development project, e.g. update of the map and C-V2X six months after the start of full-scale development in January Planning to build the autonomous driving remote monitoring system using the 5G communication… Continue reading Hyundai Mobis increases the 5G connected car development synergies