Hyundai Motor Group (the Group) announced it has entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the U.S. The Group’s U.S. investment decision will support its goal of becoming a leader in electric mobility in the U.S. market. It also highlights the Group’s…
José Muñoz, President & COO of Hyundai Motor Company (HMC), has joined HMC’s board of management. In his new role, he will be responsible for driving greater performance in key strategic regions, including Europe, India and the Middle East and Africa. Also, Muñoz will lead global talent acquisition & management to recruit and retain core talent in new technology-based businesses. To…
Hyundai Motor Group announced the appointment of Andrew Roberts as the Vice President to lead Global PR for Hyundai Motor Company and Kia Corporation. He will report to Executive Vice President Young Kyu Lee, Head of the Group’s Communication Center. In this new role, Andrew will oversee Hyundai and Kia’s global communications efforts to further highlight the transformation both…
Hyundai Motor Group (the Group), Boston Dynamics, Inc. and SoftBank Group Corp. (SoftBank), announced the completion of the Group’s acquisition of a controlling interest in Boston Dynamics from SoftBank, following the receipt of regulatory approvals and other customary closing conditions. The deal valued the mobile robot firm at $1.1 billion. Additional financial details were not disclosed. Post-closing,…
Hyundai Motor Group (HMG), which includes Hyundai Motor Company and Kia Corporation, announced its plan to invest $7.4 billion in the U.S. by 2025 to produce future EVs, enhance production facilities and further its investments in smart mobility solutions. HMG’s investment will enhance overall product competitiveness by prioritizing future mobility technologies, including electrification and hydrogen…
Hyundai Motor Group (the Group) announced that it has appointed Chang-Hyeon Song as President to oversee mobility businesses for Hyundai Motor Company and Kia Corporation. Song’s appointment takes place effective immediately. The Group also announced the establishment of a new Transportation-as-a-Service (TaaS) Division and named President Song as head of the new division. The new…
Hyundai Motor Group announced it will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed. Under the agreement,…
Hyundai Motor Group announced that Euisun Chung, Executive Vice Chairman, was inaugurated to the position of Chairman of the Group. Chairman Mong-Koo Chung was inaugurated to the position of Honorary Chairman. Hyundai Motor Company, Kia Motors Corporation and Hyundai Mobis Co. each held extraordinary board meetings to discuss the inauguration. All members of the boards…