Tag: Hyundai

Retail Asia30/01/2023
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2min0
Thanh Cong, distributor of South Korea’s Hyundai automobiles in Vietnam, recorded a revenue of VND118 trillion ($5 billion) last year, an increase of 15.6% over 2021. The Thanh Cong Group sold more than 81,500 Hyundai automobiles of all kinds during the year, accounting for some 16% of the country’s total automobile sales in 2022. Late […]

Retail Asia17/01/2023
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3min0
South Korea’s Hyundai dominated Vietnam’s small urban car market last year after Vietnamese and Japanese manufacturers stopped selling A-segment models. The European Commission defines the A-segment as city cars, the smallest category of passenger cars. Last year in Vietnam, Hyundai sold 10,752 units of its i10 model, while local Vietnamese manufacturer VinFast sold 10,661 Fadils, […]

Retail Asia12/12/2022
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3min0
Hyundai Motor Group and SK On said Thursday they will build a new battery manufacturing plant in the U.S. state of Georgia to supply the Korean automaker’s U.S. assembly plants. Hyundai Motor Group and SK On, the lithium-ion battery subsidiary branch of SK Innovation, recently signed a memorandum of understanding (MOU) for a new EV […]

Retail Asia17/11/2022
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2min0
Hyundai Motor has inaugurated its second plant in Vietnam with a capacity of 100,000 automobiles per year. Covering an area of over 50 hectares in the northern Ninh Binh Province, the new plant will turn out eco-friendly and fuel-saving vehicles, said Thanh Cong chairman Nguyen Anh Tuan. Hyundai entered the Vietnamese market in 2009 through […]

Retail Asia22/06/2022
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5min0
Singtel has signed an agreement with Hyundai Motor Group (HMG) to deploy Singtel’s 5G infrastructure network solutions at its Hyundai Motor Group Innovation Centre in Singapore (HMGICS) which includes an electric vehicle production facility. The HMGICS, the first of its kind in the world, will leverage Singtel’s leading-edge 5G campus network with mobile edge core […]

Retail Asia15/10/2021
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3min0
Hyundai Motor’s global chief operating officer said on Wednesday the South Korean automaker wants to develop its own chips to reduce reliance on chipmakers. A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year. Hyundai temporarily suspended […]

Retail Asia05/08/2021
3min0
Hyundai Motor will invest in Germany’s H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles. A partner in the project since 2017, Hyundai Motor’s German subsidiary will become a seventh shareholder shortly, it said, having received approval from Germany’s cartel office. The […]


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