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Thursday 2 May 2024
Hyundai, Kia partner with Baidu for Chinese connected car market
Hyundai Motor and its affiliate Kia view software as a crucial element of their future development. The pair targets China's fast-growing connected vehicle market and will collaborate...
Tuesday 30 April 2024
Hyundai, Kia report record-high 1Q24 revenue under EV headwind
Hyundai Motor and Kia achieved outstanding financial performance in the first quarter of 2024 while facing challenges such as soft battery EV growth, high interest rates, and geopolitics...
Tuesday 9 April 2024
Hyundai and Kia partner with India-based Exide for EV batteries
Hyundai Motor and Kia announced a partnership with Exide Industries to source locally-made lithium-ion cells for EVs sold in India. The announcement came as global EV brands, such...
Thursday 28 March 2024
Carmakers' shift from EV-only to EV-first will influence parts supply chain
In 2020, the rapid growth of EV sales, especially Battery EVs (BEVs), and market share prompted European automakers to develop chassis dedicated to BEVs.
Thursday 4 January 2024
Hyundai targets 30% EV sales growth in 2024; will launch affordable models soon
While the EV market growth has slowed, Hyundai Motor significantly increased its EV sales target in the new year. The automaker also plans to roll out affordable EV models to attract...
Thursday 16 November 2023
Transition from 3E to 3A: The next era of electric vehicles
While current electrical vehicles revolve around electric power, electric drive, and electronic control systems, known as 3E, the future will be an era characterized by 3A - autonomous...
Friday 20 October 2023
Infineon signs multi-year chip supply contract with Hyundai, Kia
A multi-year supply deal for silicon carbide (SiC) and silicon (Si) power semiconductors has been struck by Infineon Technologies, Hyundai Motor Company, and Kia. Infineon will build...
Thursday 12 October 2023
Kia's new EV range includes cars that can turn into bedrooms
Kia Corp. unveiled a compact electric sport-utility vehicle and two concept EVs as it builds out a range of cheaper models to appeal to budget-conscious drivers.
Friday 6 October 2023
Hyundai, Kia the latest carmakers to adopt Tesla's charging port in North America
Tesla's North American Charging Standard (NACS) keeps gaining traction. Hyundai Motor and its affiliated Kia announced on October 5 that they will integrate NACS ports into their...
Tuesday 26 September 2023
Hyundai, Kia to cut EV prices in South Korea as demand slows
Hyundai Motor Co. and Kia Corp. plan to slash the prices of some electric vehicles as the South Korean government expanded subsidies in a bid to boost flagging demand for clean car...
Thursday 21 September 2023
ASC 250 sidelines: traditional automakers to decline 30% by 2035
DIGITIMES unveiled its Asia Supply Chain (ASC) 250 rankings survey and organized a launch event that featured Johnny...
Friday 28 July 2023
Carmakers under pressure to transform business or face elimination, says Kia Taiwan executive
About 30% of existing carmakers will face elimination from the market in 2030 due to a failure to transform their business, according to Calvin Lee, managing director of Sime Darby...
Thursday 18 May 2023
Kia considers building EV plant in Mexico to receive tax credits
Kia, Hyundai Motor's subsidiary, is considering adding EV production capacity in Mexico, where it already makes ICE cars. The company's vehicles will be eligible for the US EV tax...
Wednesday 26 April 2023
Kia aims to lift electric vehicle sales after record profit
Kia Corp. wants to increase sales of electric vehicles so they account for 9% of revenue by the end of the year, up from 5.5% last quarter.
Friday 21 October 2022
Hyundai Mobis to make chassis modules for Mercedes Benz EVs
According to the South-Korea based Hyundai Mobis, it has begun to supply chassis modules for automaker Mercedes-Benz AG's four electric SUVs, becoming the first non-European supplier...