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Hyundai Mobis said Tuesday it held its fifth Mobis Mobility Day in Silicon Valley to expand collaboration in robotics and physical AI with global partners. Held Monday in Sunnyvale near Silicon Valley in California, the annual event serves as Hyundai Mobis’ flagship open innovation platform, bringing together startups, global automakers and investors to discuss business strategies and explore partnership opportunities. This year’s event drew around 400 participants — more than double last year’s
When Tesla unveiled its ambitious 4680 battery program in 2020, Elon Musk promised nothing short of a “revolution.” The larger cylindrical cells — 46 millimeters in width and 80 millimeters in length — were supposed to slash costs, boost driving range and help Tesla reduce reliance on outside battery suppliers. But recent developments suggest that achieving the company’s long-promised battery independence may be proving far more difficult than Musk envisioned — underscoring the technological edg
Mercedes-Benz unveiled its fifth global brand studio in Seoul as part of a broader strategy to establish 18 venues worldwide and elevate customer experience amid intensifying competition in the luxury automotive market. During a press conference Monday, Mercedes-Benz Korea CEO Mathias Vaitl said the newly opened studio in Seongsu, eastern Seoul, follows the brand’s other studios in Copenhagen, Stockholm, Tokyo and Prague, under a global initiative marking the 140th anniversary of inventing the a
Hyundai Motor and Kia have expanded partnerships with seven top universities in India to accelerate the development of core electric-vehicle technologies and strengthen future mobility capabilities. The carmakers, which are part of Hyundai Motor Group, said Monday that they signed agreements on Friday with four new partner institutions — including two campuses of Indian Institutes of Technology in Kanpur and Hyderabad and two campuses of Visvesvaraya National Institute of Technology in Nagpur an
Prolonged conflict in the Middle East has driven up global oil prices, significantly increasing the operating costs for gas-powered vehicles in Korea while boosting demand for electric vehicles. According to the Korea Statistical Information Service on Thursday, the personal transport equipment operating cost index, which measures expenses for maintaining and using personal vehicles and motorcycles, rose 16.3 percent in April from the previous year. The increase marked the sharpest rise since Ju
Hyundai Motor Group Executive Chair Chung Euisun on Thursday highlighted communication and collaboration as key drivers of innovation, as the auto giant unveiled a major renovation of its headquarters in Yangjae, southern Seoul. Speaking at a company town hall meeting to mark the revamp, Chung described the new lobby as an open space designed to encourage interaction among employees, share ideas and foster a more agile working culture. The town hall was attended by the group's major executives a
Hyundai Motor said Thursday it had ranked first overall among 69 companies in the autos and auto parts sector in the 2026 Extel Asia Executive Team Survey covering Asia excluding China and Japan. The survey, conducted by Extel Insights, evaluates companies and executives across major markets in the US, Europe and Asia based on assessments from institutional investors and analysts. The rankings were determined from surveys conducted between November and December last year across categories includ
Hyundai Motor’s flagship large-size sedan has returned with advanced infotainment and a revamped hybrid system, highlighting the group’s broader shift toward software-defined vehicles. First launched in 1986, the Grandeur marks its 40th anniversary this year with a facelifted version of the seventh-generation model, following the predecessor introduced in 2022. The vehicle remained one of Hyundai’s top-selling sedans last year in Korea, with 71,775 units sold, trailing only Kia’s Avante. The Gra
Hyundai Motor Group Vice Chair Chang Jae-hoon on Tuesday received South Korea’s highest industrial honor for his contributions to the automotive industry, marking the first time in 19 years that the Gold Tower Order of Industrial Service Merit was awarded in the automobile sector. The carmaker said Chang received the award at the 23rd Automobile Day ceremony held at the JW Marriott Hotel in Seoul. The event, jointly hosted by the Korea Automobile & Mobility Association and the Korea Auto Industr
GMC said Monday it launched its flagship all-electric SUV, the GMC Hummer EV SUV, in South Korea, marking an expansion of General Motors' premium brand lineup in the country. Built on GM’s latest dedicated EV platform, the Hummer EV SUV features technologies such as CrabWalk and Super Cruise, along with a dual-motor eAWD system delivering 578 horsepower. The vehicle offers a driving range of up to 512 kilometers on a single charge and supports up to 300-kilowatt DC fast charging based on an 800-
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