US Auto Industry Down 8% Since 2019
CleanTechnica EVs
SEPTEMBER 24, 2023
It’s time for another one of our quarterly US auto sales reports. No other media outlet compares US auto industry trends with as much history and depth as we do in these.
Hyundai launches Bluelink+ connected car service program
Green Car Congress
FEBRUARY 10, 2023
Hyundai Motor America launched a connected car services program called Bluelink+, which eliminates nearly all subscription fees for new owners. Bluelink+ is launching with the new 2023 IONIQ 6 and on all future Bluelink-equipped Hyundai models starting with the 2024 model line-up. Bluelink+ is a complimentary connected car program.
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Hyundai, Kia join China’s Baidu to develop connected cars – ET Auto
Baua Electric
APRIL 27, 2024
Seoul, South Korea’s top carmaker Hyundai Motor and its affiliate Kia said on Sunday that they have inked an agreement with China’s tech giant Baidu to develop technologies for connected cars. million units tallied in 2019, Hyundai said, citing Chinese data.
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Hyundai surpassed Volkswagen Group’s operating profit
Teslarati
MAY 13, 2024
Hyundai Motor Group surpassed Volkswagen Group’s operating profit for the first time in Q1 2024. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09 billion, slightly below Hyundai.
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Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto
Baua Electric
MAY 1, 2024
Indian battery-maker Exide Industries beat fourth-quarter profit expectations on Tuesday, helped by higher demand in its automotive and industrial products segments. Earlier this month, South Korea’s Hyundai Motor and Kia Corp partnered with Exide Industries ‘ unit Exide Energy Solutions to supply batteries for their EVs.
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Aptiv to sell stake in self-driving venture to Hyundai, cuts FY sales view – ET Auto
Baua Electric
MAY 3, 2024
As part of the agreement, Hyundai will fund Motional with an additional USD 475 million, which is expected to occur in the second quarter. Auto parts supplier Aptiv on Thursday cut its annual sales forecast and said it would reduce equity interest in its self-driving joint venture, Motional, with Hyundai Motor.
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Hyundai Mobis to invest $926M in EV systems plant in Georgia
Green Car Congress
NOVEMBER 29, 2022
Hyundai Mobis plans to invest $926 million in an Electric Vehicle (EV) Power Electric system plant in Bryan County that will eventually employ at least 1,500 people. The EV Power Electric system plant will expand Hyundai Mobis’ current footprint in Georgia. Oh, Vice President of Hyundai Mobis Electric Powertrain Business Unit.
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US Auto Industry Down 3+ Million Sales (19%) Since 2019
CleanTechnica EVs
FEBRUARY 26, 2023
The US auto industry has been declining steadily for a few years at least. Compared to 2021, the American auto industry’s annual sales were down by more than 1 million units, or 8%. Compared to 2020, there were “only” down by 725,726 units (5%).
Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider
Green Car Congress
JUNE 21, 2023
At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 In the existing system, auto parts can only be shared among vehicles that share the same platform. trillion (US$27.8
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US Auto Industry Up 10% In 4th Quarter — But Down 16% Compared To Q4 2019
CleanTechnica EVs
FEBRUARY 26, 2023
The US auto industry is truly on the rebound. Seemingly not, as US auto industry sales in the 4th quarter of 2022 were 10% higher than […] In the 3rd quarter, sales increasing 1% compared to the 3rd quarter of 2021, the first positive trend in a while. But was it just a lucky little blip?
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Hyundai IONIQ 5 named Best Electric 5 Passenger SUV for families: Report
Teslarati
MARCH 11, 2024
The Hyundai IONIQ 5 was named the Best Electric 5 Passenger SUV for Families in the 2024 Best Family Cars Awards by Parents, an online magazine. Parents turned to auto industry experts with kids to nominate and vote on the top cars for families this year. The rear seat of Hyundai IONQ 5 wasn’t its main draw for families, though.
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Hyundai's Auto Expo Presentation: Our Thoughts
Plug In India
JANUARY 23, 2023
The PluginIndia team, got a chance to visit the Hyundai India electric car stall at the Auto Expo 2023. Video : Hyundai is just not doing enough. We visited the Hyundai stall at the Auto Expo 23 and there was a huge crowd at the Hyundai stall. And then of course Hyundai had to do it.
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Hyundai Motor and Kia sign MoU with Exide Energy for EV expansion in India – ET Auto
Baua Electric
APRIL 7, 2024
This strategic cooperation with Exide Energy marks the beginning of Hyundai Motor and Kia’s efforts to expand its exclusive battery development, production, supply and partnerships in the Indian market. New Delhi: Hyundai Motor and Kia sign MoU with Exide Energy as part of their electric vehicle (EV) expansion plans.
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Hyundai seeks to restore market share in China with new EV brand
Teslarati
JANUARY 31, 2024
Hyundai seeks to restore its market share in China with a new electric vehicle (EV) brand. This week, Beijing Hyundai Co.—a a 50-50 joint venture between Hyundai Motor and BAIC—announced a new project to develop an electric vehicle brand exclusive to the Chinese market. Tesla China accounted for 22.5%
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BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race
The Truth About Cars
AUGUST 14, 2023
Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. Tesla reigns supreme here, but Ford, Hyundai, Kia, and others have made significant steps toward knocking the company out of its top spot. million units manufactured in 2022.
Hyundai to begin production of Casper mini EV for Europe in July: report
Teslarati
FEBRUARY 5, 2024
Hyundai is reportedly looking to launch an affordable electric version of its Casper mini SUV in Europe later this year, which is expected to rival other small electric vehicles (EVs) in the market. Hyundai is currently building a new EV factory in South Korea , which broke ground in November and is expected to cost around $1.5
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Tesla US Sales Up 104% While US Auto Industry Down 22%
CleanTechnica EVs
OCTOBER 18, 2021
Comparing the 3rd quarter of 2021 to the 3rd quarter of 2020, US Tesla sales were up 67% while overall US auto sales were down 13%. Compared to 2019, the difference was even more stark — Tesla sales were up 104% and US auto sales were down 22%.
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Hyundai announces new Hail Mary EV production goal
Teslarati
APRIL 11, 2023
Hyundai has announced it aims to become a top three global automaker by 2030, primarily through the production of electric vehicles. Hyundai and its subsidiary brands Kia and Genesis are top contenders in EV sales in many parts of the world, including in the United States, where the group has consistently ranked as a top three EV seller.
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Hyundai Motor presents vision for hydrogen energy and software solutions at CES 2024 – ET Auto
Baua Electric
JANUARY 9, 2024
New Delhi: Hyundai Motor Company presented its vision for a hydrogen-powered, software-driven transformation beyond mobility applications at CES 2024. To further emphasize its commitment to hydrogen, Hyundai highlighted the expansion of HTWO from a fuel cell system brand into Hyundai Motor Group’s hydrogen value chain business brand.
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Hyundai has a card up its sleeve as it moves to dethrone Toyota, its electric vehicles
Electrek
DECEMBER 28, 2022
Hyundai is officially the third-largest automaker globally after jumpstarting the brand in 2022, behind only Volkswagen and Toyota. However, the South Korean automaker may have an advantage as the auto industry transitions to electric vehicles.
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Give credit where it’s due! Hyundai calls for more EV support under Labor’s new CO2 reduction scheme
EV Central
FEBRUARY 16, 2024
The federal government’s tough new fuel efficiency standard has been endorsed by Hyundai – but with provisos. The Australian arm of the Korean auto giant wants increased reward for selling zero emissions vehicles in the form of ‘super credits’ so it can keep cheaper C02-emitting petrol and hybrid models in its showrooms longer.
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Hyundai Motor CES exhibits envision transition to hydrogen energy, SDV solutions – ET Auto
Baua Electric
JANUARY 9, 2024
Hyundai Motor committed to achieving carbon neutrality by 2045 and continues to make efforts to reduce carbon in all areas of the value chain. Hyundai Motor Company is showcasing future technologies from across Hyundai Motor Group (the Group) at CES 2024 in Las Vegas from January 9–12.
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Hyundai bets on new materials to improve its upcoming electric vehicles
Baua Electric
APRIL 18, 2024
Hyundai is constantly looking for ways to improve the range and performance of its EVs. With its latest partnership, Hyundai will develop new materials for better EV performance. According to Chang Song, Hyundai’s president, the company aims to become a “first mover and gain a competitive edge” with the new materials.
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Hyundai Motor Group bolsters partnership with Rimac on high-performance EVs and fuel cell prototypes across brands
Green Car Congress
JULY 2, 2019
Hyundai Group joined its partner Rimac Automobili in an event hosted by Rimac CEO Mate Rimac and attended by Croatian Prime Minister, ministers, and senior government officials to discuss the potential of the new auto industry in Croatia. —Hyundai Group Executive Vice President Thomas Schemera. Earlier post.)
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US Auto Sales Down 8% in Q3 2023 vs. Q3 2019
CleanTechnica EVs
DECEMBER 17, 2023
The US auto industry is bouncing back compared to the past couple of years, but it’s still significantly below its. continued] The post US Auto Sales Down 8% in Q3 2023 vs. Q3 2019 appeared first on CleanTechnica.
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Hyundai finds new materials partner to improve EV battery and motor performance
Baua Electric
APRIL 18, 2024
Hyundai is constantly looking for ways to improve the range and performance of its EVs. With its latest partnership, Hyundai will develop new materials for better EV performance. According to Chang Song, Hyundai’s president, the company aims to become a “first mover and gain a competitive edge” with the new materials.
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Hyundai, Kia & Factorial Energy partner to develop solid-state batteries for next generation EVs; strategic investment
Green Car Congress
OCTOBER 28, 2021
Start-up solid-state battery company Factorial Energy , Hyundai Motor Company and Kia Corporation are partnering to test Factorial’s novel solid-state battery technology and its integration in Hyundai electric vehicles.
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Tesla Now 8th Best Selling Auto Brand In USA — US Auto Sales Up 9%, But Down 11% vs. 2019
CleanTechnica EVs
APRIL 23, 2023
It’s time for another quarterly report on US auto sales. Like a few other major news outlets, I track total quarterly sales of the US auto industry, but I also conduct a thorough analysis of the trends of each automaker.
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Hyundai Workers Also Slated for Pay Raise
The Truth About Cars
NOVEMBER 13, 2023
With Honda having followed Toyota in offering employee raises in the wake of the United Auto Workers (UAW) appearing to have settled contract negotiations in Detroit , the rest of the industry appears to have set off a Domino Rally of wage increases. & Workers employed by Hyundai also received raises earlier this year.
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Driving Towards a Sustainable Future: The Rise of Electric Autos in India
Baua Electric
FEBRUARY 7, 2024
With the global push towards sustainability, the rise of electric autos in India comes as no surprise. The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos.
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SK Innovation considering sale of battery materials unit SKIET – ET Auto
Baua Electric
MAY 15, 2024
SK On, whose clients include Ford Motor, Volkswagen and Hyundai Motor, widened its operating loss to 332 billion won in the first quarter from 18.6 SK Innovation owns a stake of 61.2% in SKIET, whose market value stood at 4.09 trillion won (USD 3.01 billion) as of Tuesday. billion won a quarter before as EV battery shipments fell.
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Samsung to partner with Hyundai, Kia for making cars ‘smarter’ – ET Auto
Baua Electric
JANUARY 4, 2024
Samsung has announced that it will partner with Hyundai Motor Group to expand its SmartThings platform to support connected cars, including electric vehicles (EVs). We plan to accelerate our technology development to continuously make global Hyundai and Kia customers’ journeys meaningful.”
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Arrival names EY as administrator for two UK units – ET Auto
Baua Electric
FEBRUARY 6, 2024
Arrival is the latest casualty in the high-profile EV industry, where rising interest rates, stubborn inflation and high costs involved in production ramp have hit the cash reserves of most startups. The EV firm, which was earlier backed by Hyundai , Kia and United Parcel Service, said in late 2022 that it would shift focus to the U.S.
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HD Hyundai announces lithium phosphate battery pack for commercial trucks
Baua Electric
MARCH 27, 2024
HD Hyundai Infracore (HDI) is set to debut a new, 35 kWh lithium phosphate battery pack to power the next generation of electrified commercial equipment. 1, developed in-house by (then) Doosan Infracore; via HD Hyundai. HD Hyundai currently offers LFP battery packs in 5.8, We’ll have more when Hyundai lifts the veil in Paris.
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Self-driving tech company Motional sacks nearly 550 employees in US – ET Auto
Baua Electric
MAY 10, 2024
Motional is a joint venture between Hyundai Motor Group and auto parts supplier Aptiv. Motional is a joint venture between Hyundai Motor Group and auto parts supplier Aptiv. Autonomous vehicle technology company Motional has sacked around 550 employees, or about 40% of its workforce, in the US, reports said on Saturday.
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Hyundai NEXO FCEV and Kona electric CUV win spots in 2019 WardsAuto 10 Best Engines
Green Car Congress
DECEMBER 14, 2018
Hyundai has taken two out of the ten spots in the 2019 WardsAuto 10 Best Engine competition with the all-new 2019 NEXO FCEV fuel cell vehicle and 2019 Kona Electric CUV. This marks the tenth time Hyundai has earned a WardsAuto 10 Best Engine recognition since the awards’ annual inception in 1995. Earlier post.) Kona Electric.
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Creta, Exter help Hyundai India post its highest-ever monthly sales in January
Baua Electric
JANUARY 31, 2024
By: HT Auto Desk | Updated on: 01 Feb 2024, 12:48 PM Hyundai India has attributed its positive sales performance in January 2024 to the high demand for SUVs like Creta and Exter. Hyundai India has attributed its positive sales performance in January 2024 to the high demand for SUVs like Creta and Exter.
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Hyundai Motor Group develops wearable vest exoskeleton to alleviate burden in overhead work: VEX
Green Car Congress
SEPTEMBER 4, 2019
Hyundai Motor Group has developed the new Vest EXoskeleton (VEX), a wearable robot created to assist industrial workers who spend long hours working in overhead environments. The VEX enhances productivity and reduces fatigue of industrial workers by imitating the movement of human joints to boost load support and mobility.
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Insurers Suing Hyundai/Kia Over Viral Thefts
The Truth About Cars
MAY 12, 2023
Hyundai Motor Group might quite literally end up paying for having failed to equip engine immobilizers to some of its older models. You’ll undoubtedly recall the TikTok Kia Boyz Challenge , where “at-risk youths” utilized USB connectors on torn open ignition slots to hotwire Hyundai and Kia models. Kia America and Kia Corp.
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Hyundai/Kia Lock Solution Panned by Security Pro
The Truth About Cars
SEPTEMBER 22, 2023
It’s a rare day this author gets to combine his interests of the automotive industry and the YouTube channel for security expert LockPickingLawyer. The whole thing is worth a watch , especially since it is produced from the vantage point of someone whose focus is on security, not the auto industry.
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LG Energy Solutions & Hyundai team up for battery plant in the United States
Teslarati
MAY 31, 2023
LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. based battery plant. million globally by 2030.
News: Hyundai Lays Out An Electric Future
Clean Fleet Report
JULY 6, 2022
Hyundai, Kia and Genesis Are on a Fast-Track to EVs. Hyundai invests in EV plant. The Hyundai Motor Group (HMG) is a worldwide leader in electrified vehicles through its Hyundai, Kia and Genesis brands. market), but could be a mix of current and all-new coming Hyundai electric vehicles. auto market’s EV transition.”
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More auto plant shutdowns for COVID-19
Green Car Congress
MARCH 20, 2020
Honda transmission and engine plants in North America that serve Honda auto plants also will suspend production for the same time period. Hyundai Motor Manufacturing Alabama (HMMA) has already suspended production in all areas, for all shifts, on 18 March, following the confirmation of a case of COVID-19 among its workforce.
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