Home > Hyundai

Chinese battery giant CATL’s $2 billion IPO approved

BEIJING – The China Securities Regulatory Commission (CSRC) has approved the $1.97 billion IPO application of Chinese lithium battery producer Contemporary Amperex Technology Co., Ltd. (CATL), according to a Xinhua news agency report on April 5. The Chinese securities regulator greenlighted the application at a meeting on April 4, according

| | | | | | | | | | | Read More

Eleven automakers announce recalls of 1.13 million vehicles in November

BEIJING – Eleven vehicle enterprises announced recalls of about 1.13 million cars and more than 200,000 tires in China in November, which included Mercedes-Benz, Dongfeng-Honda, FAW-Volkswagen, Hyundai and so on, according to a series of notices released by the Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) recently. The top

| | | | | | | Read More

New energy vehicle and car sharing keys to intelligent mobility

SHANGHAI – New energy vehicles and car sharing are the keys to intelligent mobility and create a cleaner and smarter transportation ecosystem, which is an opportunity for the auto industry to transform, according to Erik Jonnaert, secretary general of European Automobile Manufacturers Association (ACEA). Jonnaert made the comments at the

| | | | | | | | Read More

More models mean more market share? Not so fast

According to locally-produced passenger vehicle (car, SUV and MPV) registration data from CBU Analytics, the top 10 foreign brands by passenger vehicle sales from 2013 to January-May 2017except Peugeot and Chevrolet had more than 10 models on sale. In the top 5 from 2013 to January-May 2017, Buick was the

| | | | | | | | | | | Read More

Falling off a cliff: Korean brand PV end-user sales down 38.52 percent in Q1 2017

According to data from CBU Analytics, China’s registration volume of passenger cars, MPVs and SUVs in Q1 2017 slumped 10.48 percent year-on-year. Korean brands had the worst performance among brands of different origins, with end user sales down 38.52 percent to 267,310 units, accounting for 5.48 percent of passenger vehicle

| | | | | | | | Read More

Anti-Korean sentiment hinders Hyundai’s sales growth in China

Hyundai has maintained its rapid pace of sales growth in China last year, which accounted for over a quarter of Hyundai’s overseas sales. The South Korean brand sold 1.14 million units to Chinese consumers in 2016, exceeding the early sales target of 1.12 million, which broke through the million-unit plateau

| | | | | Read More

Hello America: the Chinese are coming, again

GAC Group made history in January by becoming the first Chinese automaker in the 110-year history of the North American International Auto Show to exhibit on the main show floor at the Cobo Center. It had good company surrounding it too: Toyota, Lexus, Hyundai and Volvo are all well-established global

| | | | | | | | | | | | | | | | | Read More

Hello America: the Chinese are coming, again

GAC Group made history this week by becoming the first Chinese automaker in the 110-year history of the North American International Auto Show to exhibit on the main show floor at the Cobo Center. It had good company surrounding it too: Toyota, Lexus, Hyundai and Volvo are all well-established global brands.

| | | | | | | | | | | | | | | | | Read More