Hyundai Motor said on Wednesday it may procure electric vehicle batteries from Chinese companies for a planned China model after South Korean battery makers failed to make a list of approved vendors last year. The decision comes at a time of growing concern in South Korea that Beijing may be retaliating over Seoul’s decision to deploy a U.S. anti-missile system.
Category: Hyundai Motor
Hyundai Motor Warns of Trade Protectionism as Strikes Cut Profit
Hyundai Motor Co. warned of increasing uncertainties with the spread of trade protectionism and intensifying competition, even as South Korea’s largest automaker reported a 33 percent decline in operating profit due to labor strife and fall in emerging markets demand.
Hyundai, Kia Forecast Sales to Rebound on Capacity, Models
Hyundai Motor Co. and Kia Motors Corp., South Korea’s largest automakers, forecast sales to climb 4.7 percent this year as they count on new model introductions to counter intensifying competition amid global uncertainties.
Kia Motors says plans to sell 3.17 million vehicles globally in 2017
Kia Motors Corp aims to sell 3.17 million vehicles globally in 2017, the South Korean company said on Monday, up slightly from its 2016 goal of 3.12 million.
Hyundai Motor says aims to sell 5.08 million vehicles globally in 2017
Hyundai Motor Co aims to sell 5.08 million vehicles globally in 2017, the South Korean company said on Monday, up slightly from its 2016 goal. Hyundai Motor said in a regulatory filing it plans to sell 4.4 million vehicles overseas and another 683,000 vehicles domestically.