Hyundai Mobis embraces ‘Green Acceleration’ strategy for achieving carbon-neutral goal

Hyundai Mobis, the affiliate of Hyundai Motor Group which makes auto parts has decided to adopt a “Green Acceleration” strategy. This strategy is adopted by the company to promote environment friendly business management for the future.

Highlights

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...

HYUNDAI MOBIS INVESTING IN OVERSEAS VC FUNDS

HIGHLIGHTS

• To foster future mobility startups in the mid-to-long term, Hyundai Mobis are investing $20 million in 2 Silicon Valley tech funds.
• Concentrating on R&D amid rapidly changing business environment, Hyundai Mobis are expanding research ar...

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...

Korean carmaker ready to bring autonomous driving tech to reality

The Korean auto industry has been making a mark in the global auto industry as a reputable name despite being a very small industry in terms of number compared to the European industry. But do not let the size fool you it packs a serious punch with Hyundai and Kia dominating some of the key marke...