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Posted : 2021-04-05 16:59 Updated : 2021-04-05 17:48 Export-Import Bank of Korea Chairman and President Bang Moon-kyu and Hyundai Motor CEO Chang Jae-hoon pose at the bank s headquarters on Yeouido, Seoul, April 1, after signing a memorandum of understanding (MOU) to offer 3 trillion won ($2.66 billion) for the carmaker to successfully cope with automotive trends. Courtesy of Export-Import Bank of Korea By Yi Whan-woo The Export-Import Bank of Korea (Eximbank) signed a 3 trillion won ($2.66 billion) program with Hyundai Motor Group in support of Korea s top carmaker to take the lead in the global transition toward smart and eco-friendly cars. The state-run policy lender said Monday a memorandum of understanding (MOU) was signed last week between Eximbank Chairman and President Bang Moon-kyu and Hyundai Motor CEO Chang Jae-hoon. ....
Hyundai to launch Genesis luxury brand in China Posted : 2021-04-02 21:00 Updated : 2021-04-04 13:18 Hyundai Motor Group introduces its luxury G80 sedan and GV80 SUV during the Genesis Brand Night event held at the Shanghai International Cruise Terminal, Friday. Courtesy of Hyundai Motor Group By Baek Byung-yeul Hyundai Motor Group has decided to launch its Genesis luxury brand in the Chinese market, introducing the G80 sedan and GV80 SUV there, aiming to vie with prominent brands including Mercedes-Benz, BMW, Audi and Lexus in the world s largest car market. On Friday, Genesis held a China launching event called Genesis Brand Night at the Shanghai International Cruise Terminal. Featuring executives of the automotive group and local Chinese media, Genesis also displayed the G80 and the GV80 models. ....
South Korean car maker Hyundai Motor Co launched its Ioniq 5 midsize crossover on Tuesday, the first in a planned family of electric vehicles (EV) that it hopes will propel it into the third rank of global EV makers by 2025 ....
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Korea launch in second quarter. US and other markets launch later this year. Seoul: South Korean auto giant Hyundai Motor on Tuesday unveiled the IONIQ 5, the first model embedded with its own electric vehicle (EV) platform, as it strives to morph into a future mobility solutions provider. The IONIQ 5 midsize crossover utility vehicle is the first model equipped with Hyundai Motor Group s own EV-only electric-global modular platform (E-GMP), Hyundai said in a statement. Hyundai said that it will launch the IONIQ 5 in Europe next month, in Korea in the second quarter and in the US and other markets later this year. ....