KIA MOTOR UNION AGREE ON TENTATIVE WAGE DEAL DUE TO THE PANDEMIC

Highlights –

• Kia Motor union agree on a tentative wage deal due to the pandemic.
• The company had proposed the wage system, and its 30,000 labor union members accepted the proposal.
• The tentative deal will be put up for a vote next Tue...

HYUNDAI MOTOR RECALLS KONA EV’S OVER BATTERY FIRE RISK AMIDST TIFF WITH LG CHEM

• Hyundai Motor and its electric vehicle (EV) battery supplier LG Chem are in a furor over the former's decision to summon back more than 77,000 Kona EVs sold all around the world, after 13 of the electric crossover vehicles were ablaze.
• At the same time as Hyundai Motor laun...

HYDROGEN-POWERED EQUIPMENT WILL BE DEVELOPED BY HYUNDAI

Highlights:

• Hyundai Motor Co. joined hands with HCE to develop construction vehicles powered by hydrogen.
• A memorandum of understanding is signed by the two Hyundai companies and Hyundai Mobis Co. for the construction.
• The prototypes will b...

Hyundai Mobis Co. planning to spend big on the future of car technologies

As per a statement by a company’s executive South Korea's largest auto parts maker, SEOUL-Hyundai Mobis Co., will secure a total of 9 trillion that is US $7.8 billion, in the coming three years for its investment in the future of vehicle technologies

In a group interview at th...