Hyundai

Tesla Inc. rival Rivian Automotive Inc.’s (NASDAQ:RIVN) R1T, an electric vehicle, was recently spotted near Hyundai‘s Namyang research and development (R&D) facility in South Korea. The sighting of the Rivian R1T has sparked speculation about Hyundai’s ...

Two of America's largest car insurers, State Farm and Progressive Corp (NYSE: PGR), are refusing to cover select models of a pair of South Korean automakers in certain U.S. cities. The reason is that they're too easy to steal. According to data from the Highway Loss Data...

Electric vehicle adoption has increased steadily in the United States and other parts of the world as a transition to clean energy continues. One automotive company is launching an off-grid experience that includes a hotel for electric vehicle owners powered by electric vehicles. What Happened:...

A leading artificial intelligence company announced a SPAC merger to go public. The SPAC Deal: SoundHound announced a SPAC merger with Archimedes Tech SPAC Partners Co (NASDAQ: ATSPT) valuing the company at a pro-forma enterprise value of $2.1 billion. A PIPE of $111 million includes investments by...

Sustainability is in right now. Just look at Tesla and its EVs — the company, founded by mercurial technopreneur Elon Musk, had a stock price of around $88 at the beginning of 2020. The company's shares are now worth north of $700, and other automakers have been paying notice. This week one major...

Motional, in collaboration with Hyundai, has announced its first robotaxi. The Ioniq 5 is based on Hyundai's Ioniq 5 all-electric vehicle that debuted earlier this year and features Motional autonomous technology to create an SAE Level 4 autonomous vehicle that can drive without a driver. Motional...

When you switch to AIT Worldwide Logistics for automotive shipping you're partnering with a team of logistics professionals in Asia, Europe and North America who develop customized supply chain solutions that are just as unique as your business. Whether it's transborder hot-shot trucking, express...

A pre-production lithium battery supplier with key automotive investors announced a SPAC merger Tuesday. The SPAC Deal: SES is merging with Ivanhoe Capital Acquisition Corp (NYSE: IVAN) in a deal valuing the company at a pro forma equity value of $3.6 billion. The SPAC merger will create the first...

Waymo's chief technology officer and its chief operating officer will serve as co-CEOs. What Happened: After spending almost more than five years at Alphabet Inc's (NASDAQ: GOOGL) (NASDAQ: GOOG) self-driving-car company Waymo, its chief executive John Krafcik has...

Apple Inc’s (NASDAQ: AAPL) rumored discussions with Hyundai Motor Co. and its subsidiary Kia Motors Corp. about building an electric vehicle have been put on hold, Bloomberg has reported. What Happened: Apple was upset about Hyundai's announcement in January...

The Past Week, In A Nutshell What Happened: After auctioning to new all-time highs, U.S. index futures moved back into balance. Remember This: “With Global Liquidity jumping by some US $20 trillion in 2020, or some 25% of World GDP, there is a lot to spend... Consider that following the 1930s...

HYUNDAI MTR CO/GDR (OTC: HYMTF) is shipping the first 10 of its mass-produced Xcient hydrogen-powered fuel-cell heavy-duty trucks from South Korea to Switzerland, where fleets will take possession in September.  Hyundai plans to ship 50 trucks by the end of the year and 1,600 by 2025. While...

Hyundai Motor Company's (OTC: HYMTF) shares dipped on Friday's trade in Seoul as the company's production is hit by the spread of the COVID-19 coronavirus. What Happened The South Korean automaker has shut down a factory in the city of Ulsan after a worker tested positive for the...

Good day, Hyundai Motor Co and Kia Motors Corporation have invested  $110 million in a partnership with a U.K.-based electric vehicle startup, Arrival, to develop electric commercial vehicles for the European market. Arrival will help Hyundai and Kia meet the growing demand for eco-friendly...