article thumbnail

Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

Green Car Congress

Hyundai Motor Company and Kia Motors Corporation today made a strategic investment of €100 million (US $110 million) in a new partnership with Arrival , a UK-based electric vehicle startup ( earlier post ). Of the total investment, Hyundai will contribute €80 million; Kia €20 million.

Kia 259
article thumbnail

Hyundai Motor Strategy 2025 lays out transition into smart mobility solution provider

Green Car Congress

Hyundai Motor Company announced a new roadmap—Strategy 2025—intended to secure its position as a frontrunner in the future mobility industry. Hyundai’s plans for Smart Mobility Device include a wide range of product groups beyond automobiles such as Personal Air Vehicle (PAV), robotics, and last-mile mobility.

Hyundai 243
article thumbnail

Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 Through the new EV architecture development system, Hyundai Motor Group will innovate its cost structure for electric vehicles by sharing components in their application to various models.

Hyundai 284
article thumbnail

Hyundai and Cummins form JV to build MidRange engines in South Korea

Green Car Congress

Hyundai Heavy Industries Co., have formed a 50/50 joint venture partnership to manufacture MidRange engines in Korea extending from 150 hp to 300 hp (112-224 kW) output for application in a wide range of Hyundai construction and industrial equipment. and Cummins Inc. HCEC will supply engines spanning the MidRange 5.9-liter liter to 8.9-liter

article thumbnail

Hyundai introduces next-gen heavy-duty truck at 2013 Seoul Motor Show; 7% improvement in fuel economy

Green Car Congress

Hyundai Motor Company’s commercial division unveiled its new heavy duty truck Xcient at the 2013 Seoul Motor Show. Hyundai Xcient will go on sale in the second half of this year with a target of 60,000 global sales by 2017. Hyundai is set to hold events for the new car in overseas markets including Peru and Russia.

article thumbnail

JATO: Global car sales up by 2.8% in Q1 2016 due to SUV boost in China and Europe

Green Car Congress

million LCVs and passenger car units were sold across all segments globally in Q1 2016—a 2.8% Sales of SUVs in Europe (including Russia and Turkey) gave the overall market a boost with 20% growth and 1.11 Europe was the strongest market for premiums, accounting for 43% of the global total. JATO Dynamics reports that 20.44

2016 150
article thumbnail

Kia to complete 11-model EV lineup with 7 dedicated EVs by 2026; sell 1.6M eco-friendly vehicles annually by 2030

Green Car Congress

As part of this, Kia aims to grow EV sales to 880,000 units in 2030 and become a top global seller. The company will also advance its own highly scalable small board platforms and technologies since the company expects market demand for these services to increase globally. Expanding future mobility services.

Kia 186