DIRS.INFO The most relevant business & tech news

☆ Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1
▼ + stars: | 2024-11-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Jose Munoz, chief performance officer of Nissan Motor Co., speaks during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, Jan. 15, 2018. DETROIT – Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the South Korean automaker, effective Jan. 1. Munoz, a native of Spain and a U.S. citizen, will be the first non-Korean CEO of Hyundai. Munoz currently serves as global chief operating officer of Hyundai as well as president and CEO of the North American operations of Hyundai and its luxury Genesis brand. He joined Hyundai in 2019 from Nissan Motor after 15 years with the Japanese automaker.

Persons: Jose Munoz, Munoz, Jaehoon Chang, Jose, Chang Organizations: Nissan Motor Co, Auto, DETROIT, Hyundai, South Korean, North, Hyundai – Automotive, Nissan Motor Locations: Detroit , Michigan, Spain, U.S, Korean

☆ Hyundai Motor breaks ground on $1.5 bln EV plant in South Korea
▼ + stars: | 2023-11-13 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

ULSAN, South Korea, Nov 13 (Reuters) - Hyundai Motor Co (005380.KS) on Monday broke ground on a 2 trillion won ($1.52 billion) dedicated electric vehicle (EV) plant in South Korea, as the automaker accelerate a shift to electrification. Hyundai Motor Group, which encompasses Hyundai Motor, Kia and Genesis brands, said in April it plans to launch 31 EVs by 2030. Hyundai Motor Group's Executive Chair Euisun Chung, Hyundai Motor's Chief Executive Officer and other officials, including the Ulsan Metropolitan City Mayor, attended the event to witness the ground breaking of the EV factory, the automaker's first new plant in South Korea in 29 years. The groundbreaking comes after Hyundai Motor said it would stick to its EV rollout plans - a contrast to some rivals that have pulled back on EV production due to cooling demand. Last year, Hyundai Motor Group broke ground on a $5.54 billion EV and battery plants in the U.S. state of Georgia.

Persons: Euisun Chung, Jaehoon Chang, Chang, 1,316.5100, Heekyong Yang, Ed Davies Organizations: Hyundai, Hyundai Motor, Kia Corp, Hyundai Motor Group, Kia, Genesis, Hyundai Motor's, Ulsan Metropolitan City Mayor, EV, General Motors Co, Chevrolet Silverado, GMC, Ford Motor, Tesla Inc, GM, Honda, Thomson Locations: ULSAN, South Korea, Ulsan, U.S ., Georgia, United States, Michigan, Mexico

☆ Hyundai to consider joining Tesla's North American charging standard alliance
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 20 (Reuters) - Hyundai Motor (005380.KS) will consider making its vehicles more readily compatible with the charging standard Tesla (TSLA.O) is pushing for in North America, the South Korean automaker's CEO said on Tuesday. Tesla's Superchargers make up about 60% of available U.S. fast chargers and Ford (F.N) and General Motors (GM.N) have in recent weeks struck deals with Tesla to use its charging technology, now dubbed the North American Charging Standard (NACS). Jaehoon Chang, who is also Hyundai's president, said the company would consider joining the alliance of automakers shifting to Tesla's standard, but that it would have to determine that was in the interest of its customers. One issue, he said, is that Tesla's current network of Superchargers does not allow for the faster charging Hyundai's electric vehicles can achieve on other chargers. Hyundai's new electric cars, including the Ioniq 5, use an 800-volt electrical architecture to allow for faster charging, while Tesla's Superchargers operate at a lower voltage.

Persons: Tesla's Superchargers, Tesla, Jaehoon Chang, Chang, Tesla's, Biden, Hyunsu Yim, Kevin Krolicki, Jan Harvey Organizations: Hyundai, Korean, Ford, General Motors, American, U.S, Thomson Locations: SEOUL, KS, North America, U.S, Seoul

☆ Hyundai explains how it plans to become one of the world's top three EV makers by 2030
▼ + stars: | 2023-05-11 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

Hyundai Motor Group, whose brands include Hyundai, Kia and Genesis, nabbed sixth place in SNE Research's global EV sales ranking for 2022. It delivered 510,000 EV units last year, up 40.9% from 2021, according to SNE Research. We have another EV, Ioniq 7, the three-row largest SUV, in our pipeline for next year. Revenue climbed 24.7% year-on-year, from 30.3 trillion won to 37.78 trillion won. Domestically, Hyundai said it plans to invest 24 trillion won in South Korea's EV industry by 2030.

☆ We aim to achieve EV sales of 2 million a year by 2030, says Hyundai Motor CEO
▼ + stars: | 2023-05-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe aim to achieve EV sales of 2 million a year by 2030, says Hyundai Motor CEOJaehoon Chang of the company says it is developing two more electric vehicle platforms, which will enable it to have 18 models by 2030.

One of the plants where children worked, SMART Alabama LLC in rural Luverne, Alabama, is a direct Hyundai subsidiary. STATE AND FEDERAL INVESTIGATIONSFollowing Reuters' first story on child labor at SMART last July, as many as 10 Hyundai suppliers in Alabama have been under investigation by state or federal authorities for child labor violations, Reuters reported in December. In the shareholder letter, Chang reiterated that Hyundai was "discouraging" suppliers from relying on such staffing agencies in the future. He wrote that staffing firms who hired children to work at Hyundai supplier plants had provided false employee documentation. Earlier this month, thirty-three members of Congress urged DOL to seek strong and swift penalties against those responsible for child labor in the Hyundai supply chain.

Search resuls for: "Jaehoon Chang"

6 mentions found