Hyundai

BYD Set to Double Sales Network in South Korea in a Bold Move Against Hyundai

9 days ago

In a significant strategic move aimed at expanding its footprint in the competitive South Korean automotive market, Chinese electric vehicle manufacturer BYD has announced plans to double its sales network across the country. This expansion comes as BYD seeks to challenge the dominance of local automotive giant Hyundai, which has long been a major player in the region.

Hyundai CEO Expresses Confidence in U.S. Strategy Amid Uncertain Trump EV Policies

22 days ago

Hyundai's CEO recently shared a robust outlook regarding the company's operational strategies in the United States, particularly in the context of the rapidly evolving electric vehicle (EV) market. This comes at a time when potential policy shifts under former President Donald Trump's administration could impact the automotive industry's trajectory and the overall EV landscape.

Hyundai Motor Faces Profit Decline and Expects Slower Growth Ahead

3 months ago

Hyundai Motor Company has reported a substantial downturn in profit for the last quarter, sparking concerns about the company's growth trajectory moving forward. The South Korean automotive giant revealed a 40% drop in its profits while cautioning stakeholders about impending challenges in the market.

Hyundai's Major Investment in Chinese Operations Amidst Declining Sales

4 months ago

In a strategic move to curb the impact of rapidly declining sales in China, Hyundai Motor Co. has announced a significant investment of $1.1 billion into its Chinese subsidiary. This decision comes amid increasing competition in the electric vehicle (EV) market and broader economic challenges that have contributed to a sharp downturn in vehicle sales in the region.