Hyundai Motor Group News - Latest Updates & Headlines
Hyundai Motor to unveil AI strategy, debut humanoid robot at CES 2026
Seoul, Dec 22: Hyundai Motor Group said on Monday it will unveil its artificial intelligence (AI) robotics strategy at Consumer Electronics Show (CES) 2026 and debut its next-generation humanoid robot, Atlas, developed by its US subsidiary Boston Dynamics.
Hyundai's advanced vehicle chief to resign amid slow progress in autonomous tech
Seoul, Dec 4: Song Chang-hyeon, head of Hyundai Motor Group's Advanced Vehicle Platform (AVP) division and chief executive officer (CEO) of the group's software research arm 42dot, has tendered his resignation amid a lack of progress in next-generation vehicle technologies, industry sources said on Thursday.
Korea's 2025 auto exports projected to fall for first time in five years
Seoul, December 3: South Korea's car exports are projected to decline this year for the first time in five years, as per a report by Pulse, the English service of Maeil Business News Korea.
Hyundai Motor Group to open new battery development hub in S. Korea
Seoul, Nov 29: Hyundai Motor Group has said it plans to create a large-scale battery research and development (R&D) centre in South Korea as part of its strategy to strengthen its electric vehicle (EV) competitiveness.
S. Korean industries welcome Seoul-Washington joint fact sheet on trade, security
Seoul, Nov 14: South Korea's automaking and shipbuilding industries on Friday welcomed the Seoul-Washington joint fact sheet finalizing their trade and security agreements that would lower import tariffs on key items and support Seoul's plans to build a nuclear-powered submarine.
Hyundai Motor vice chief highlights green hydrogen in energy transition
Seoul, October 31: South Korea's auto giant Hyundai Motor Group will aim to secure a technological edge in the field of green hydrogen, as hydrogen is emerging as a central pillar in the global energy transition, as per a report by Pulse, the English service of Maeil Business News Korea.
Coupang tops FTC fine among Korean conglomerates over past 3 years
Seoul, Oct 19: Coupang, a leading e-commerce company in South Korea, has received the largest amount of fines from the Fair Trade Commission (FTC) among conglomerates over the past three years, a parliamentary report showed on Sunday.
LG Energy Solution resumes U.S. plant construction after detention ordeal
Seoul, October 15: LG Energy Solution has resumed construction of its joint battery plant (HL-GA) with Hyundai Motor Group in the U.S. state of Georgia after a temporary halt caused by the detention of employees by U.S. immigration authorities, according to a report by Pulse, the English service of Maeil Business Newspaper Korea.
Hyundai Motor Group posts 65.1 pc of sales in advanced markets
Seoul, Sep 23: Hyundai Motor Group sold 65.1 per cent of its vehicles in advanced markets, including the United States and Japan, last year, outstripping rival global automakers in profit-generating regions, a report showed on Tuesday.
US official expresses regret over South Korean workers' detention in Georgia
Seoul, September 14: A senior US State Department official on Sunday expressed regret over the recent mass detention of South Korean workers in America and vowed to prevent similar occurrences, Yonhap reported.
South Korean workers return home after immigration detention in US
Seoul, Sep 13: More than 300 South Korean workers returned home Friday after a weeklong detention by US immigration authorities in Georgia, ending an unprecedented incident that bewildered Seoul and stirred confusion over ties with its ally.
LG Energy Solution CEO vows full support for workers released from US detention
Seoul, Sep 12: The chief executive officer (CEO) of LG Energy Solution Ltd on Friday pledged to provide full support to company workers who returned home after a weeklong detention in the United States following an immigration raid at a battery plant construction site in Georgia.
US crackdown leaves 'deep scar' on economic ties: S. Korean experts
Seoul, Sep 11: The US immigration raid that led to the detention of hundreds of South Korean workers in Georgia may have not only humiliated a close ally of the United States but also left a "deep scar" on the countries' economic ties, heightening uncertainties for foreign investment in the US, industry observers said on Thursday.
S. Korea aims to enter mass production of humanoid robots in 2029
Seoul, Sep 10: South Korea will work to begin mass producing humanoid robots in 2029 and autonomous vehicles powered by artificial intelligence (AI) the following year, making it a global leader in the AI transformation (AX) of manufacturing industries, the industry ministry said on Wednesday.
South Korean President says feels heavy responsibility over US immigration raid on workers
Seoul, Sep 9: South Korean President Lee Jae Myung said Tuesday he feels heavy responsibility over the detention of South Korean workers at a battery plant construction site in Georgia by US immigration authorities, offering his deep sympathy.
South Korean President Lee urges review of response to detention of S. Koreans in US
Seoul, Sep 8: South Korean President Lee Jae Myung has ordered his staff to review whether there were shortcomings in the response to the detention of South Korean workers at the construction site of a battery plant in the US, the Presidential Office said on Monday.
Hyundai Motor advises employees to postpone US trips following immigration raid
Seoul, Sep 7: Hyundai Motor Group has advised employees to postpone travelling to the United States for business trips after hundreds of South Koreans were taken into custody following an immigration raid in Georgia, industry sources said on Sunday.
Rights must not be 'unfairly violated': S. Korea after US raid on Hyundai-LG plant
Seoul, Sep 5: South Korea on Friday voiced "concern and regret" over a major raid by US immigration authorities on a battery plant construction site run by South Korean companies, saying individuals' rights should not be unfairly infringed upon.
Hyundai Motor expands investment commitment to US to $26 billion
Seoul, Aug 26: South Korea's automotive giant Hyundai Motor Group has decided to increase to $26 billion its investment commitment to the United States over the next four years, with a focus on steel, automobiles and robotics, the group said on Tuesday.
Hyundai Motor Group's H1 operating profit second globally, surpasses Volkswagen
Seoul, Aug 10: South Korea's Hyundai Motor Group ranked second globally in operating profit during the first half of this year, surpassing Germany's Volkswagen Group, industry data showed on Sunday.
Hyundai Motor Group tops in economic contribution among conglomerates: Data
Seoul, June 26: Hyundai Motor Group generated the largest economic value among major South Korean conglomerates in 2024, contributing more to the national economy than any other business group, industry data showed on Thursday.
Hyundai Motor Group launches $91.4 million startup investment fund
Seoul, May 26: Hyundai Motor Group said on Monday it has established its third startup investment fund to support innovative venture companies with cutting-edge technologies and ideas.
LG-led consortium to withdraw $7.7 bn battery supply chain project in Indonesia
Seoul, April 18: A South Korean consortium led by LG has decided to withdraw a project worth around 11 trillion won ($7.7 billion) to establish an electric vehicle (EV) battery supply chain in Indonesia, industry sources said on Friday.
Suppliers scramble to respond to looming US auto parts tariffs
Seoul, April 11: South Korean auto parts suppliers are scrambling to respond to new US tariffs on imported vehicles and automotive parts, industry insiders said on Friday, arguing the tariffs not only pose a serious challenge to automakers, including local industry leader Hyundai Motor Group, but also threaten to disrupt the broader industry supply chain.
Automaker Kia appoints CEO Song Ho-sung for 3rd term
Seoul, March 14: Automaker Kia on Friday appointed Song Ho-sung to the company's chief executive officer (CEO) position for another three-year term through an approval at the company's shareholders' meeting in Seoul.
Automaker Kia appoints CEO Song Ho-sung for 3rd term
Seoul, March 14: Automaker Kia on Friday appointed Song Ho-sung to the company's chief executive officer (CEO) position for another three-year term through an approval at the company's shareholders' meeting in Seoul.
Automaker Kia to showcase non-passenger military vehicles
Seoul, Feb 17: Kia, South Korea's second-largest carmaker, said on Monday it will participate in the International Defence Exhibition and Conference (IDEX) 2025 in the United Arab Emirates this week, showcasing its non-passenger military vehicles.
Hyundai Motor Group restricts use of DeepSeek among employees
Seoul, Feb 7: Hyundai Motor Group has restricted its employees from accessing DeepSeek, a Chinese generative artificial intelligence (AI) service, amid concerns over potential data leaks, according to sources on Friday.
Hyundai Motor Group poised for potential gains from US tariffs on Mexico
Seoul, Feb 5: Hyundai Motor Group is expected to be among the least affected global automakers from the United States' plan to levy a 25 percent tariff on goods from Mexico, according to market watchers on Wednesday.
South Korean firms brace for impact from Trump tariffs on Canada, Mexico
Seoul, Feb 2: South Korean companies are working to devise measures to minimise the impact from the United States' decision to impose high tariffs on goods imported from Canada and Mexico, officials said on Sunday.
Threats, new horizons loom for South Korean industries as Trump 2.0 begins
Seoul, Jan 21: As Donald Trump took office for his second term as US president, South Korean industries were closely watching for potential changes in Washington's economic and trade policies, which could significantly impact their American businesses, industry observers said on Tuesday.
Hyundai Motor raises alarm at BYD's entry into South Korean market
Seoul, Jan 15: Hyundai Motor Group's think tank on Wednesday cautioned against underestimating BYD, China's largest electric vehicle (EV) manufacturer, as it plans to enter South Korea's passenger car market.
Hyundai Motor partners Nvidia on AI, LG Energy inks pact with Aptera Motors
Seoul, Jan 10: Hyundai Motor Group said on Friday it has formed a strategic partnership with Nvidia for the development of advanced artificial intelligence (AI) technologies related to future mobility.
Hyundai Motor Group pledges record $16.6 billion investment in South Korea
Seoul, Jan 9: Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won ($16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments.
Hyundai Motor Group chief stresses resilience, innovation in facing new biz challenges
Seoul, Jan 6: The head of Hyundai Motor Group on Monday emphasised the importance of resilience, innovation and proactive preparation in facing future challenges expected from ongoing global risks, as well as anticipated rollbacks in the electric vehicle (EV) policies of the US.
Hyundai Motor Group posts record sales in US in 2024
Seoul, Jan 5: South Korea's Hyundai Motor Group said on Sunday it has posted record sales in the United States in 2024, driven by the popularity of SUVs, minivans and eco-friendly models.