As SIC power chips are increasingly applied to EV inverters, many IDMs are not only expanding production capacity but also keenly launching products and solutions to meet robust market...

Hyundai Motor Group (HMG) announced its total annual sales throughout 2022 grew slightly by 1.4% on-year to 3.94 million units; global annual revenue reached KRW142.5 trillion (US$120...

Onsemi has signed a strategic agreement with German automaker Volkswagen (VW) to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter...

General Motors retook the title of the top US car seller. According to sales numbers released on January 4, the automaker reported US sales of over 2.27 million cars in 2022, holding...

Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits under the...

Hyundai Motor Group (HMG) said it is starting operations of its heavy-duty, hydrogen-powered fuel cell trucks XCIENT in Israel and the US next year.

Biden's IRA law, which provides subsidies for US-made EVs only, has caused tensions between the US and South Korea. Following rounds of meetings with US Trade Representative, Ahn...

SK On, one of the largest EV battery manufacturers from South Korea, signed a memorandum of understanding (MOU) on November 28 with Hyundai Motor Group. The two companies will be...

Hyundai Motor Group announced at the end of October that it broke ground on Metaplant America to produce EV and EV batteries in the US, following the passage of the US' new law Inflation...

South Korean and Japanese governments have officially offered their comments on the revised EV tax credits rules of the US. South Korea urged America to postpone the law until 2025,...

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...

Hyundai Group has announced deployment of OTA updates on all its new vehicles to be launched starting 2023, both electric vehicles (EV) and ICE vehicles, to fully integrate digitalization...

Successfully averting the crisis of automotive chip shortages, Hyundai Motor Group leapt to the world's 3rd-largest automaker by sales volume in the first half of 2022, up from 5th...

Hyundai Motor Group announced that it will start selling Ioniq 6 in select markets in Europe later this year and in the US next year.

The updated US EV incentives program has worried foreign automakers like Hyundai Motor because it requires their vehicles to be assembled in North America in order to be eligible...