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Hyundai Mobis, a leading Korean automotive parts manufacturer affiliated with Hyundai Motor Group, is set to launch a vehicle safety system that analyzes passengers' bio-signals and provides tailored safety recommendations in a wide range of situations. According to Hyundai Mobis on Wednesday, the company will begin promoting its "In-Cabin Monitoring System" to global automakers. Developed in 2023, the system uses a camera that analyzes the behavior and condition of passengers, along with softwa
Hyundai Motor Group announced Tuesday that sales of its top-tier suppliers have surpassed a record 90 trillion won ($62.6 billion), driven largely by the automaker’s global expansion. The group’s 237 first-tier suppliers, most of which are small and medium-sized enterprises, reported combined sales of 90.2 trillion won in 2023. This figure exceeded Hyundai Motor’s own revenue of 78.3 trillion won for the same year and accounted for 66 percent of the combined sales of Hyundai and Kia brands. Incl
HD Hyundai Electric, an energy solution provider affiliated with shipbuilding giant HD Hyundai, announced investment plans of nearly 4 trillion won, driven by strong sales growth, according to its regular disclosure Monday. The company plans to invest 397 billion won ($272.3 million) to expand production capacities for 765-kilovolt ultra-high-capacity transformers at its plants in Ulsan and Alabama. This marks the largest investment by the company since it became independent from HD Hyundai Heav
South Korean government and battery manufacturing companies have launched a task force to navigate the challenges posed by slowing demand for electric vehicles. According to sources Monday, the Ministry of Trade, Industry and Energy and the Korea Battery Industry Association -- a non-profit organization overseen by the Industry Ministry -- recently attended a task force meeting with manufacturers in the sector. They included Korea's big three battery makers -- LG Energy Solution, Samsung SDI, SK
Nexon, Krafton, Netmarble, NCSoft, Kakao Games seek next blockbuster, diversify portfolio to propel growth Korean game companies are gearing up for a breakout year with a slate of highly anticipated new titles readying for release to woo gaming fans across the globe, as the companies look to expand markets beyond Korean borders. Nexon and Krafton are poised to carry on positive momentum in fresh genres this year after clocking in another year of success thanks to hit titles such as side-scrollin
Korean automaker plans to expand new car’s availability across Asia Pacific, Latin America and Middle Eastern regions Kia has begun mass production of the Syros, a new sport utility vehicle specifically developed to fill the needs of customers in India, as the Korean automaker aims to expand its presence in the world’s third-largest auto market. According to Kia, the automaker held the rollout ceremony at its Anantapur plant in Andhra Pradesh, India, Thursday, following the world premiere of the
Hyundai Motor Company said Sunday it has unveiled concept versions of its electric three-wheeler and micro four-wheeler at India’s Bharat Mobility Global Expo, ramping up its expansion efforts in the world’s third-largest car market. Recognizing the widespread popularity of micromobility in India, where ultra-compact vehicles are often favored for last-mile commuting on congested roads, the Korean auto giant has vowed to offer enhanced driving performance and safety compared to competing models.
Korean sport utility vehicle manufacturer KG Mobility was awarded by Turkey’s mobility association for its exceptional growth in the country last year, the company said Friday. Turkey's Automotive Distributors and Mobility Association, or ODMD, honored KG Mobility as the "Fastest Growing Light Commercial Vehicle Brand and Car Brand" as part of its annual recognition of outstanding car brands operating in Turkey. KG Mobility sold 11,870 units in the country last year, a five-fold jump compared to
In push for expansion, Chinese EV giant slashes Korean prices to less than half of what they charge in US or Europe China’s electric vehicle juggernaut BYD has made a daring entry to South Korea -- the home turf of its Asian rival, Hyundai Motor Group -- with a competitive pricing strategy to attract local drivers still hesitate to go electric. BYD’s first Korean launch features the Atto 3 electric SUV, which is offered in two variants, basic and upper trims, with prices set at 31.5 million won
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