Motional Flies Solo After Aptiv’s Curtain Call
The former joint venture between Hyundai and Aptiv will be solely owned by Hyundai and its various subsidiaries. This comes after Aptiv’s January 2024’s announcement of exiting the self-driving venture.
eVTOL Aircrafts May Dominate The Skies
It might not be long before we see bullet trains losing their market share to eVTOL or flying taxis for city-hopping travellers, apart from commercial airlines, private jets and helicopters.
Robotaxi Firm Motional Loses Funding From Aptiv
Aptiv, the auto parts maker announced its stake reduction in the autonomous vehicle joint venture, Motional after incurring millions in losses.
New Hyundai Motor Group Innovation Center Singapore Set To Transform Production, R&D And Customer Experience
Hyundai Motor Group officially opened the Hyundai Motor Group Innovation Center Singapore (HMGICS) to accelerate the delivery of the Group’s human-centric future mobility vision.
Kia Mulls Starting Its First ASEAN Production Facility In Thailand
South Korean automaker Kia Corp. is reviewing the plan to build a production facility in Thailand with an annual capacity of 250,000 cars, according to sources.
Jim Keller From Tenstorrent Joins Forces With Hyundai And Samsung For AI Chiplets
Jim Keller led Tenstorrent to close a US$100 million strategic financing up-round led by Hyundai Motor Group and Samsung Catalyst Fund, with participation from Fidelity Ventures, Eclipse Ventures, Epiq Capital, Maverick Capital, and more for AI chiplets.
Hyundai To Launch More EVs In India — Betting Big On Its Market
Hyundai Motor Group plans to launch more electric vehicles (EVs) under the Hyundai and Kia brands in India, in a sign that it is betting big on the world’s third-largest auto market.
Hyundai Singapore Plant Opening Delayed To Q4 2023
Hyundai Motor is now expected to open its plant in Singapore in Q4 2023 – one year after its original target date.
Investments In Indonesia Nickel Industry
In just three years, Indonesia has signed more than a dozen deals worth more than US$15 billion for battery materials and electric vehicle production with global manufacturers including Hyundai, LG and Foxconn.
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