Hyundai Motor’s Casper Electric, a mini all-electric SUV, will begin full-scale production in South Korea later this month, aiming for an output of 21,400 units by year’s end. The EV, known as Inster in overseas markets, will launch first in South Korea this summer, followed by Europe, the Middle East, and Asia Pacific. The vehicle boasts a 315-kilometer driving range and a 30-minute charge time from 10% to 80%.
Hyundai Motor Company and Hilton Grand Vacations APAC & Hawaii are partnering to offer electric vehicle rentals at popular tourist destinations, starting with Hawaii. This collaboration aims to provide eco-conscious travelers with a sustainable and unique travel experience. The partnership aligns with both companies’ commitment to sustainability and could significantly impact the travel industry by encouraging a shift towards more eco-friendly practices.
Hyundai Motor Company and Hilton Grand Vacations APAC & Hawaii (HGV) have announced a collaboration to enhance the customer EV experience and attract potential customers in key tourist destinations across Hawaii. The partnership will offer premium customer experiences and sustainable mobility solutions, leveraging Hyundai’s ‘Hyundai Mobility Passport’ program, initially launched in Oahu Island and expanding to Kona this summer.
Hyundai Motor has unveiled its Casper Electric sub-compact SUV at the 2024 Busan International Motor Show. The EV features a lengthened body, improved space, and a striking EV design. It boasts a 49kWh battery with a driving range of 315 km and a fast charging time of 30 minutes. The Casper Electric also comes equipped with V2L functionality and an enhanced interior.
Supernal, the advanced air mobility subsidiary of Hyundai Motor Group, will unveil its S-A2 eVTOL concept and announce a strategic partnership with Embry-Riddle Aeronautical University for pilot training at the 2024 Farnborough International Airshow. The company will also participate in an industry panel exploring the transformative potential of advanced air mobility.
Hyundai has invested nearly $1 billion in Motional, a self-driving startup, giving the automaker an 85% majority stake. This investment will provide Motional with the capital it needs to continue operating and pursue its goal of launching a driverless robotaxi service in 2024. Motional’s go-to-market strategy involves partnering with existing ride-hail platforms such as Uber and Lyft to give customers rides. The company has been testing its autonomous vehicles with a safety driver behind the wheel in various cities worldwide.
Hyundai Motor Co. has warned of heightened competition and uncertain global economic conditions after reporting a 2.4% decline in quarterly profit. The South Korean automaker’s cautious outlook and weak performance contrast with the bullish forecasts from its U.S. rivals, General Motors and Ford Motor Co., who reported strong profit growth this week. Hyundai is facing headwinds from shrinking exposure to China and faltering demand in South Korea. The company expects challenging business conditions to continue and plans to expand its electrified model lineups globally. Hyundai’s net profit fell to 3.2 trillion won ($2.32 billion) for January-March, down from 3.3 trillion won a year earlier but ahead of analysts’ average forecast.
South Korea’s Hyundai Motor Group, the parent of Hyundai and Kia brands, has announced plans to launch its first India-manufactured electric vehicles (EVs) by 2025. This move aims to strengthen its presence in the growing Indian EV market, currently dominated by Tata Motors. Hyundai’s EVs will be produced locally by the end of 2024, with Kia’s India-made EV also scheduled for launch in 2025. The Hyundai Motor Group plans to unveil five EV models by 2030. Both Hyundai and Kia will use batteries manufactured by Exide Energy Solutions to power their EVs. India represents a significant market for Hyundai outside of North America and Europe, where it is the second-largest carmaker. The company’s Indian subsidiary is gearing up for a $3 billion IPO, poised to be the country’s largest. Hyundai currently offers two electric models in India, the Kona and IONIQ 5, which are not domestically produced. Kia’s EV offering, the EV6, is imported. Hyundai has reaffirmed its goal of reaching annual production of 1 million units by 2025, with plans to expand Kia’s capacity from 300,000 to 432,000 units. The combined production capacity will grow to 1.5 million units. Earlier this year, Hyundai acquired a former Chevrolet plant in Maharashtra to bolster its production capabilities. These announcements were made during Hyundai Motor Group Executive Chair Euisun Chung’s visit to India, his second in less than a year.
Hyundai has swept the automotive industry by winning three prestigious awards from U.S. News & World Report, recognizing the company’s leadership in the electric and hybrid vehicle market. The IONIQ 5 has been crowned Best Electric SUV, while the IONIQ 6 has earned the title of Best Electric Car, and the Tucson Hybrid has claimed the Best Hybrid SUV award. This remarkable achievement underscores Hyundai’s commitment to delivering exceptional vehicles that meet the evolving needs of today’s consumers.
Hyundai Motor America has been recognized as the brand with the most hybrid and electric awards from U.S. News & World Report for 2024. The IONIQ 5 has been named Best Electric SUV, the IONIQ 6 has won the Best Electric Car title, and the Tucson Hybrid has earned the Best Hybrid SUV distinction. This recognition underscores Hyundai’s commitment to offering high-quality, efficient, and value-driven vehicles that meet the evolving needs of customers.
