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☆ Hyundai's sleek new electric car brings Tesla-beating range in a futuristic package
▼ + stars: | 2023-02-03 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

The Hyundai Ioniq 6 sedan brings streamlined looks and impressive driving range. It can drive 361 miles before needing to charge up, the EPA recently said. This week, the EPA granted the Ioniq 6 a stellar range estimate of up to 361 miles, three miles more than Tesla's uber-successful Model 3. The Hyundai Ioniq 6. The base, rear-wheel-drive Model 3 serves up 272 miles of EPA range.

☆ Some Kia and Hyundai models get stolen so often that State Farm and Progressive said they'll no longer insure them in some cities
▼ + stars: | 2023-01-30 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

State Farm and Progressive are temporarily not writing new policies for some Hyundai and Kia cars, per reports. Since 2018, car thefts in Colorado rose by 160%, with Kia and Hyundai cars making up most of the thefts, Denver7 reported. Stolen car claims were almost twice as high for Kia and Hyundai models from 2015 to 2019, according to a report from the Highway Loss Data Institute. Some of the car models use traditional keys and don't have electronic immobilizers in them, meaning people can start the car without a key present. During the pandemic, a trend on TikTok and YouTube went viral teaching people how to hijack some Kia and Hyundai models with a screwdriver and USB charging cord.

☆ I've tested 15 electric cars — these 6 blew me away with game-changing features
▼ + stars: | 2023-01-24 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Tesla's Model Y is incredibly easy to charge, while Pininfarina's Battista packs mind-bending acceleration. The Tesla Model Y's Supercharging abilityThe Tesla Model Y. Tim Levin/InsiderTeslas are known for a lot of things — their minimalist interiors, their sporty performance, and, for better or worse, their boisterous mastermind, Elon Musk. But the one part of testing a Tesla Model Y that stuck with me more than any of that was Supercharging. The Tesla Model Y. Tim Levin/InsiderOnce you have a payment method set, Supercharging is as simple as pulling up to an available stall and plugging in. The Polestar 2's screensThe 2022 Polestar 2.

☆ I drove electric SUVs from Kia, Hyundai, and Tesla — and I see why the Korean brands are gaining on Elon Musk
▼ + stars: | 2023-01-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

The Kia EV6 and Hyundai Ioniq 5 are some of the trendiest new electric vehicles challenging Tesla. The trendy Korean SUVs are stylish, fun, and technologically advanced — and are making trouble for Tesla's Model Y. The 2022 Hyundai Ioniq 5. The 2022 Kia EV6. The Tesla Model Y. Tim Levin/InsiderPlus, they drive greatThe Model Y accelerates like nobody's business and takes turns like a sports car.

☆ See inside 7 luxurious electric cars coming in 2023, from a $400,000 Rolls-Royce to the 200-mph Lucid Air Sapphire
▼ + stars: | 2023-01-12 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Just like Hyundai's other EVs, it'll get super-fast charging capability. It'll be able to recharge from 10%-80% in just 18 minutes using a 350-kilowatt charging station, Genesis says. The Genesis Electrified GV70.

☆ See the 8 coolest electric cars hitting streets next year, from Chevy's $105,000 truck to Hyundai's spaceship-like sedan
▼ + stars: | 2022-12-25 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Here are some of the models we're most excited to see on US streets — and get behind the wheel of — in 2023. The Hyundai Ioniq 6.

☆ Electric cars are shredding the brand loyalty automakers have spent decades building up — and it's great news for Kia and Hyundai
▼ + stars: | 2022-12-14 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Ford, Hyundai, and Kia have EVs bringing in the most new customers. GM CEO said 40% of customers purchasing GM EVs are new to the company. Car companies looking to conquest buyers to a brand can end up spending billions of dollars on new ad campaigns and R&D efforts to revamp their image, only to see meager or temporary shifts in loyalty. In remarks to journalists last week, GM CEO Mary Barra said 40% of GM's EV buyers are new to the company. GM is currently playing a long game with EV customers to drum up new loyalty with a call center for all electric vehicle drivers and shoppers.

☆ Hyundai's best years in the U.S. are set to be tested by the Inflation Reduction Act
▼ + stars: | 2022-11-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

"I think what Hyundai, Kia and Genesis have done is they've really compressed that time frame. Sales of Hyundai and Kia vehicles have risen roughly 61% since 2010 to more than 1.4 million vehicles in the U.S. last year. LMC forecasts Hyundai's sales of all-electric vehicles are expected to represent 9.2% of the U.S. EV market this year. While sales are expected to grow that percentage is seen as the company's peak until at least 2024 or 2025, when the new Georgia plant is set to come online. Munoz said the new Georgia plant is expected to produce 300,000 vehicles annually, with the potential to reach 500,000 in the future.

The move angered foreign governments and foreign-owned carmakers who say the change will disqualify a majority of their EV fleets from North American markets. "But it should not have negative side effects on their European allies and the European economy." South Korean President Yoon Suk-yeol also spoke to Biden about the issue during a bilateral meeting at the G20 summit, according to Yoon’s office. The Treasury is working to define the rules for some $278 billion worth of tax credits on EVs, solar and wind power investments and a range of other technologies. While a number of countries have said the U.S. tax credits likely violate World Trade Organization rules, none have sought to file a formal challenge.

☆ Hyundai to launch $5.5 bln U.S. EV plant, as new law dims sales outlook
▼ + stars: | 2022-10-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

SAVANNAH, Georgia, Oct 25 (Reuters) - Hyundai Motor Co (005380.KS) will break ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market. Register now for FREE unlimited access to Reuters.com RegisterThe groundbreaking comes amid anger from Korea and the European Union over U.S. electric vehicle tax policy. Hyundai and its affiliate Kia Corp (000270.KS) as well as major European automakers were excluded from the EV subsidies as they do not yet make the vehicles there. The law made about 70% of EVs immediately ineligible for the tax credits of up to $7,500 per vehicle. Biden has expressed a willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign EV makers, South Korea said earlier this month.

"The impact of the Inflation Reduction Act on Hyundai's EV sales in the U.S. market seems inevitable as EV incentives are the key factor to U.S. EV shoppers," Lee Jae-il, an analyst at Eugene Investment & Securities. In a mixed outlook, Hyundai raised on Monday its full-year revenue growth forecast range by six percentage points to 19-20% from its previous estimate in January. Reuters GraphicsThe provision, announced last week, amounted to more than half of estimated third-quarter net profit of 2.4 trillion won drawn from 17 analysts. Revenue for the quarter jumped 31% to 37.7 trillion won, above the 36 trillion won analysts had expected. But overall vehicle supply remains tight globally due to the chip shortage and COVID-related restrictions.

☆ The Hyundai Ioniq 5 just won MotorTrend's SUV of the Year. See the 5 things we liked best about the electric model when we tested it.
▼ + stars: | 2022-10-24 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

The Hyundai Ioniq 5 just won MotorTrend's SUV of the Year award. Space-age looksThe 2022 Hyundai Ioniq 5. The 2022 Hyundai Ioniq 5. The 2022 Hyundai Ioniq 5. The 2022 Hyundai Ioniq 5.

☆ I drove electric SUVs from Tesla and Hyundai — and I'd pick the $41,000 Ioniq 5 for its super-fast charging and futuristic looks
▼ + stars: | 2022-10-24 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

I tested the Tesla Model Y and Hyundai Ioniq 5 to see how the two popular electric SUVs compare. One of the hottest battery-powered rides not sold by Elon Musk is the Hyundai Ioniq 5 SUV. The Tesla Model Y. Tim Levin/InsiderThe Model Y earns a strong range rating of 330 miles. The 2022 Hyundai Ioniq 5 charges at an Electrify America fast charging station. The Tesla Model Y. Tim Levin/InsiderThe Model Y's snappy steering and thrilling acceleration will spice up a commute.

☆ Hyundai invests $5.5 billion in new Georgia electric vehicle plant
▼ + stars: | 2022-10-24 | 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 EmailHyundai invests $5.5 billion in new Georgia electric vehicle plantCNBC's Phil Lebeau, joins 'Squawk Box' to discuss Hyundai's $5.5 billion investment in new Georgia EV facility, the Inflation Reduction Act incentives behind Hyundai's investment, and automobile earnings reports to look out for.

☆ Toyota seal manufacturers' title with Ogier win in Spain
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

Oct 23 (Reuters) - Toyota completed a world rally championship double for the second year in a row on Sunday with Frenchman Sebastien Ogier winning the penultimate round in Spain to clinch the manufacturer's title. Register now for FREE unlimited access to Reuters.com RegisterIt was also a first for co-driver Benjamin Veillas. He then took three more on Saturday and Sunday's final two to win by 16.4 seconds from Hyundai's Thierry Neuville. "It's Benji's first win so I am very happy for him," said Ogier. Register now for FREE unlimited access to Reuters.com RegisterReporting by Alan Baldwin in London, editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ UAW wants U.S. to bar loans, subsidies for Hyundai over workplace issues
▼ + stars: | 2022-10-21 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Oct 21 (Reuters) - The United Auto Workers (UAW) union on Friday called on the Biden administration not to award any subsidies, loans or other taxpayer support until Hyundai Motor (005380.KS) agrees to address workplace issues. A Reuters investigative report in July documented children, including a 12-year-old, working at a Hyundai-controlled metal stamping plant in rural Luverne, Alabama, called SMART Alabama, LLC. The union called on Hyundai to instead "improve working conditions for the U.S. workers who make Hyundai vehicles." Hyundai is lobbying the Biden administration to revise a law approved in August that immediately barred electric vehicles outside North America from receiving $7,500 consumer tax credits. The UAW has previously sparred with Hyundai and unsuccessfully sought to organize workers at its Alabama plant and at other foreign-owned auto plants.

NEW YORK/SAN FRANCISCO, Oct 19 (Reuters) - A group that works with union pension funds is pressing Hyundai Motor Co (005380.KS) to respond to reports of child labor at U.S. parts suppliers, warning of potential reputational damage to the Korean automaker. In addition, the letter cited a recent federal and state investigation into children working at another Hyundai supplier in the state. Reuters first documented child labor practices at Hyundai-owned SMART Alabama LLC earlier this year. "Hyundai will continue to closely review the labor operations of its suppliers to ensure full compliance with all local, state and federal laws," Gabriel said in an email. "I think investors like us need to step out and say, 'the value of the fines is not capturing your risk even remotely.

A Reuters investigative report in July documented children, including a 12-year-old, working at a Hyundai-controlled metal stamping plant in rural Luverne, Alabama, called SMART Alabama, LLC. read moreFollowing the Reuters report, Alabama's state Department of Labor, in coordination with federal agencies, began investigating SMART Alabama. The executive also pledged that Hyundai would push to stop relying on third party labor suppliers at its southern U.S. operations. Munoz told Reuters: "Hyundai is pushing to stop using third party labor suppliers, and oversee hiring directly." SL and Smart Alabama did not immediately respond to requests for comment.

The costs, of which Hyundai accounted for 1.36 trillion won and Kia for 1.54 trillion won, amount to more than half of Hyundai's estimated third-quarter net profit and 77% of Kia's profit, Refinitiv data shows. APOLOGY"We sincerely apologise for repeated quality issues and additional costs related to the Theta II GDI engine recall," Cha Seong-ju, head of the quality division at Hyundai Motor Group, told analysts. "We will put our utmost efforts to secure engine quality... and manage quality related cost in order to prevent a repetition of quality issues." In 2020, Hyundai and Kia together made 3.6 trillion won in provisions related to engine issues. Hyundai Motor is scheduled to report its July-September earnings next Monday, while Kia has not yet announced when it will report its third quarter results.

☆ Hyundai Motor is considering sale of its Russia plant - media report
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Oct 18 (Reuters) - South Korea's Hyundai Motor (005380.KS) is considering a decision on its Russia operations that could include selling its manufacturing plant there, a local media reported on Tuesday. Hyundai Motor recently submitted to management a report analysing the situation and future prospects in Russia, Dong-a Ilbo newspaper said, citing an unidentified auto industry source. The newspaper said Hyundai's report includes the company's analyses of the scenarios and impact of the sale of the Russia plant, citing the difficult environment to conduct normal financial activities. Register now for FREE unlimited access to Reuters.com RegisterHyundai Motor was not immediately available for comment when contacted by Reuters. Many factories in Russia have suspended production and furloughed workers due to shortages of high-tech equipment because of sanctions and an exodus of Western manufacturers since Moscow sent armed forces into Ukraine on Feb. 24.

REUTERS/Joshua Schneyer/File PhotoOct 14 (Reuters) - Hyundai Motor Co's (005380.KS) air taxi unit has picked aerospace supplier Honeywell International Inc (HON.O) to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft, the companies said, ahead of an announcement next week. "We want to see the FAA come out with its set of certification rules, quickly. Honeywell's collaboration with Supernal is its first with an air taxi firm established by an automaker. The company, which is a big supplier to Boeing Co (BA.N) and Airbus SE (AIR.PA), also has investments in other eVTOL firms - Lilium, Vertical Aerospace and Volocopter. The company expects the overall market for air taxis to be about $120 billion per year by 2030, Fymat added.

☆ Iveco showcases prototype of large hydrogen van developed with Hyundai
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

The logo of Italian truck maker Iveco is pictured at the IAA truck show in Hanover, September 26, 2014. REUTERS/Fabian BimmerMILAN, Sept 19 (Reuters) - Italy's Iveco (IVG.MI) showcased on Monday a prototype of the hydrogen powered eDaily large van it has developed with Hyundai Motor (005380.KS), the first tangible outcome of a wider partnership between the two manufacturers. Iveco and South Korea's Hyundai Motor in March signed a preliminary deal to explore cooperating on shared vehicle technology, joint sourcing and mutual supply. read moreIn July, they said Iveco would equip its future hydrogen-powered buses in Europe with fuel-cell systems designed by Hyundai's hydrogen mobility brand HTWO. Iveco added that Hyundai was also considering sourcing opportunities from FPT Industrial in the area of next generation conventional powertrains for commercial vehicles.

[1/4] A Hyundai auto plant is seen from inside a Greyhound bus outside of Montgomery, Alabama, U.S., August 13, 2008. REUTERS/Shannon StapletonLUVERNE, Alabama, July 22 (Reuters) - A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker's assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some cases as young as 12, have recently worked at a metal stamping plant operated by SMART Alabama LLC, these people said. In a "human rights policy" posted online, Hyundai says it forbids child labor throughout its workforce, including suppliers. Many of the minors at the plant were hired through recruitment agencies, according to current and former SMART workers and local labor recruiters.

☆ RANKED: The 15 longest-range electric cars you can buy in 2022 from Kia, Tesla, Ford and more
▼ + stars: | 2022-07-06 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Hyundai Ioniq 5 SE: 303 milesThe Hyundai Ioniq 5. HyundaiHyundai's latest electric SUV offers up to 303 miles of range in the $44,000 SE Long Range configuration. A base model with 220 miles of range can be had for just under $40,000. And the Ioniq 5 offers extra-fast charging ability to go with its 300-plus miles of range. Read more: I drove the coolest new electric car you've never heard of.

☆ The $56,000 Hyundai Ioniq 5 is an electric living room on wheels that'll make you want to ditch gas for good
▼ + stars: | 2022-04-07 | by ( Tim Levin | ) www.businessinsider.com time to read: +10 min

The 2022 Hyundai Ioniq 5 Limited AWD. The 2022 Hyundai Ioniq 5 Limited AWD. The 2022 Hyundai Ioniq 5 Limited AWD. The 2022 Hyundai Ioniq 5 Limited AWD. The 2022 Hyundai Ioniq 5 Limited AWD.

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