The Latest Breaking News from Hyundai Motor Co

SEOUL: Hyundai Motor Co unveiled a sedan version of its cult electric vehicle yesterday, with an interior that can beam different colours depending on the speed of the car, as the automaker continues its ambitious EV push with an eye on challenging rivals such as Tesla Inc and General Motors…

Hyundai Motor Co (OTC:HYMTF) is planning to launch a company along with its two affiliates in the U.S., Reuters reported. Through the move, the company plans to strengthen its presence in the U.S. by exploring business opportunities. In May, Hyundai said it would invest more than $10 billion in the U.S. by…

The Korean automaker is collaborating with Meta Kongz on non-fungible token projects. 

Hyundai Motor Co (OTC:HYMTF) plans to start electric vehicles production in its Montgomery assembly line in the U.S., Reuters reported. The auto major will invest $300 million to build the Electrified Genesis GV 70 and a hybrid version of the Santa Fe at its U.S. manufacturing center. The report noted this marks the…

Worksport Ltd (NASDAQ:WKSP) has recently signed a letter of understanding with Hyundai America Technical Center Inc (HATCI) to produce prototypes of the Worksport SOLIS and a modified version of the COR energy storage system. HATCI, a division of Hyundai Motor Co (OTC:HYMTF), has provided Worksport 3D Data specifically for the Hyundai Santa Cruz's bed geometry. The working…

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported a 1.4% increase year-over-year in Q1 FY22 retail sales. Total Q1 sales declined 4%. The company reported Q1 retail sales of 159,676 units versus 157,470 units last year. Electrified vehicle retail sales increased 241% Y/Y. Hyundai's March 2022 sales fell 21% Y/Y to 59,380 units.…

Hyundai Motor Co (OTC:HYMTF) said its U.S. sales for January increased 10% year-on-year to 47,872 units. Sales of Hyundai Tucson and Venue jumped 64% and 70% respectively to 13,085 units and 2,290 units. "High levels of consumer interest across our product lineup resulted in record-breaking January sales even as we continue to navigate…

IonQ Inc (NYSE:IONQ) collaborated with Hyundai Motor Co (OTC:HYMTF) to use quantum computers to develop efficient batteries. The partnership pairs IonQ’s expertise in quantum computing and Hyundai’s expertise in lithium batteries.  Together, the teams are creating the most advanced battery chemistry model. “This creative collaboration with IonQ is expected to provide innovation in the…