Hyundai partners with US-based AI startup for digital map technology

Hyundai Motor’s open-innovation business has inked a partnership with US-based fleet management software company Netradyne to create digital maps necessary for autonomous driving technologies, Hyundai Motor America said Thursday. Hyundai Cradle, the automaker’s wholly owned venture capital arm, said its partnership and investment in Netradyne would help the firm build a high-definition map for level-three advanced driver assistance systems, according to Hyundai Motor America. Under t

Oct. 10, 2019

Volvo Trucks Korea’s sales surpass 25,000 mark

 The number of commercial vehicles sold by Volvo Trucks Korea has surpassed the 25,000 mark, a first for a foreign auto brand here, the company said Tuesday.The local importer and distributor of the Swedish carmaker delivered its 25,000th vehicle to a customer on Monday at its central cargo center in Pyeongtaek, Gyeonggi Province. After delivering its first vehicle in South Korea in 1997, Volvo Trucks Korea went on to sell its 5,000th in 2007 and reached the 10,000 mark in 2012. Since then

Oct. 8, 2019

Mercedes-Benz’s New GLE named car of the month

A group of South Korean reporters covering automobiles picked Mercedes-Benz’s latest sports utility vehicle, the New GLE, as the car of the month, they announced Tuesday.According to the Korea Automobile Journalists Association, the SUV from the German luxury carmaker earned 18.4 points of 25, taking the top spot for the monthly award. It competed against GM Korea’s Chevrolet Traverse and Kia Motors’ Mohave the Master.The association assesses finalists in five categories. The N

Oct. 8, 2019

[News Focus] Auto industry faces daunting challenge: Workforce reductions

South Korea’s auto industry, a key driver of the nation’s economic growth, is likely to go through throes of change as carmakers’ restructuring plans are gaining market support.An advisory group consisting of five independent industrial experts said Sunday in a report presented to the management and the labor union of Hyundai Motor that it would be inevitable for the largest carmaker here to reduce its manufacturing workforce by 20-40 percent by 2025. Stressing several changes

Oct. 7, 2019

Mercedes-Benz posts No. 3 sales figure, after Hyundai, Kia

German carmaker Mercedes-Benz recorded the third-highest sales figure in the country in September, after Hyundai Motor and Kia Motors, outpacing three major local carmakers, according to industry data.According to data from the Korea Automobile Manufacturers Association and the Korea Automobile Manufacturers Association, a total of 118,895 vehicles were sold in September, an increase of about 8.9 percent from the previous month.Of them, Hyundai Motor and its sister company Kia Motors accounted f

Oct. 6, 2019

[Herald Interview] Taking artistic approach to CSR

Corporate social responsibility programs have now become an important barometer of a firm’s sustainability, beyond simply making profits. For Han Sung Motor, the largest official dealer of Mercedes-Benz in South Korea, CSR projects have been a crucial part of its business strategy nearly for a decade. And what keeps the company going in its commitment toward the society is the changes it has brought so far, such as watching teenagers from underprivileged families grow their confidence and

Oct. 2, 2019

Renault Samsung pioneers new sectors in local automotive market

Renault Samsung Motors has been pioneering new sectors in the local automotive market, which has been largely dominated by gasoline-powered sport utility vehicles. The automaker launched a face-lifted version of the QM6 in June, its most popular and most trusted midsized SUV model.The upgraded version, which is also the country’s first liquefied petroleum gas-powered SUV, has proved popular in the local market, leading the carmaker to record the second-highest midsized SUV sales in Ju

Oct. 1, 2019

CODE42 attracts investment from Kia, SK, LG, CJ

CODE42, a local startup that is developing an autonomous transportation-as-a-service platform, said Tuesday it has raised 30 billion won ($25 million) in pre-Series A funding from major firms including Kia Motors and conglomerates SK, LG and CJ.This follows the 2 billion won in seed funding it received from Hyundai Motor in March.In one of the most successful pre-Series A funding round here, Kia invested the largest portion of 15 billion won, the company added. The 30 billion won will be used to

Oct. 1, 2019

Hyundai appoints ex-NASA aeronautics expert to lead mobility biz

Hyundai Motor Group said Monday that it had appointed Dr. Shin Jai-won, former associate administrator of the US National Aeronautics and Space Administration, as vice president of its newly established urban air mobility division. In his new role, he will lead the development of air mobility technologies for the group. The automaker said Shin would propel forward the group’s efforts to advance into the urban air mobility market, based on his expertise in airframe, engine and aviation

Sept. 30, 2019

Nissan to maintain Korean operations despite headwinds

Nissan Motor said Monday it will continue its operations in South Korea amid trade tensions between the two Asian neighbors, despite headwinds like a boycott of Japanese products.The Japanese carmaker’s commitment to South Korea follows market rumors that it will pull out of the market here as its sales have been hit hard by the escalating trade tensions between Seoul and Tokyo.  “We make it clear that we will maintain our business operations in the ‘strategically importan

Sept. 30, 2019

Hyundai Motor joins hands with Cummins for hydrogen fuel cell technology

Hyundai Motor Group said Friday it has partnered with US powertrain giant Cummins to develop technology for electric and fuel cell powertrains and commercialize them in the US. The automaker has signed a memorandum of understanding with Cummins to work together to develop next-generation fuel cell systems.  Through the collaboration, the company expects to develop powertrain products by combining Hyundai Motor’s fuel cell systems with Cummins’ electric powertrain, battery a

Sept. 27, 2019

Hyundai launches innovative festival for artists, developers, startups

Hyundai Motor Group said Thursday that its open innovation platform is to host a three-day festival called “Zero One Day,” where artists, developers and startups can share their ideas and communicate in a creative environment. The event is named after and hosted by Zero One, an open innovation platform launched by Hyundai in March 2018. It will offer opportunities for participants to present their projects and business models to the public. About 70 projects will be presented this ye

Sept. 26, 2019

Audi VW opens art exhibition to present future vision

Audi Volkswagen Korea said Thursday it has opened a media art exhibition in Seoul to present the future of green mobility.Titled “The Next Chapter,” the exhibition displays joint projects by artists at home and abroad visualize safe and sustainable mobility and its role of changing the life of future generation. The two-week event is taking place at JCC Art Center in Jongro, central Seoul. It is a cultural platform for the company’s Tomoroad initiative, a joint project with Kor

Sept. 26, 2019

Hyundai to test hydrogen trucks in Israel: report

Hyundai Motor Group is reportedly planning to conduct a large-scale trial of its hydrogen-fueled trucks in Israel, although the automaker refused to confirm the details Wednesday.According to the report by Israel’s Calcalist, a delegation from Hyundai visited the country last month to discuss the project with officials from the office of Prime Minister Benjamin Netanyahu.Israel’s extremely dry and hot climate due to the Dead Sea region, as well as optimal road situation in the Northe

Sept. 25, 2019

Jaguar E-Pace combines bests of sports cars and SUVs

While driving exhilaration and extravagant exteriors are the usual perks of sports cars, low practicality and the lack of space are a drawback. Targeting the niche, Jaguar E-Pace blurred the lines between a sports car and a SUV by launching the diesel model earlier this year to boost the E-Pace as an efficient model with performance, succeeding the popularity of F-Pace which saw some 46,000 units of sales globally last year.  The design elements of Jaguar E-Pace include the familiar Ja

Sept. 24, 2019

LS chief urges for innovation in R&D projects for future growth

LS Group Chairman Christopher Koo has called for strengthening the group’s competitiveness in technological innovation, stressing that it is key to overcoming trade disputes between South Korea and Japan.  Speaking at T-Fair, an in-house event held to encourage innovative engineers, Koo said the group needs to develop high value-added products and services to widen the gap with followers. He added that research and development projects should support such a move and generate growth en

Sept. 24, 2019

Hyundai to start mass production of driverless cars in 2024

South Korean carmaker Hyundai Motor Group will start mass production of self-driving cars within the next five years, said Chung Euisun, the heir to the auto giant, as he made a hefty investment in a joint venture the company established with Aptiv on Monday (local time).At a luncheon session held in New York with Korean correspondents on the same day he signed the $4 billion deal with the US software developer, Chung said the company would apply the autonomous driving technology to be developed

Sept. 24, 2019

Hyundai Motor, Aptiv team up for $4b joint venture on self-driving technology

South Korean auto giant Hyundai Motor Group has teamed up with Aptiv, formerly known as Delphi, for a $4 billion joint venture to develop autonomous technology, the companies said Monday. The joint venture between the world’s fifth-largest carmaker and the world’s leading software developer of autonomous vehicles is a “rare case,” Hyundai said, adding that the two will have 50 percent of shares each. Under the deal, the Seoul-based carmaker expects to make a bold move in

Sept. 23, 2019

[Hydrogen Korea] Doosan’s hydrogen drone pushes the limits

The Korea Herald is publishing a series of articles on South Korea’s latest measures to support the hydrogen economy, a market drive for hydrogen-powered vehicles and the hurdles that stand in the way. This is the eighth installment. -- Ed.YONGIN, Gyeonggi Province -- At first sight, the DS30, a hydrogen-powered drone developed by Doosan Mobility Innovation, a subsidiary of South Korean conglomerate Doosan Group, resembles a giant spider with eight long legs. The 2.6-meter-long and 80-cent

Sept. 23, 2019

Hyundai launches unit to boost mobility business in China

Hyundai Motor Group has launched Cradle Beijing seeking strategic partnerships with local firms for future mobility.The automaker’s global innovation center in Beijing is the fifth of its kind, following the centers in Silicon Valley, Seoul, Tel Aviv and Berlin.  Cradle is Hyunda’s open innovation business for partnership with leading firms in future mobility technology and investments in global startups. The carmaker said it expects the unit to be the hub of innovative sol

Sept. 23, 2019