Hyundai execs face insider trading probe after Apple talks
Hyundai Motor Co executives are the target of a probe over claims they might have traded stocks using undisclosed information from the firm’s autonomous vehicle talks with Apple.South Korea's financial regulator is investigating stock trades made by Hyundai chiefs, a national newspaper reported on Monday. following a review begun in …
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South Korean companies plug into big plans for electric vehicles
(ATF) South Korean manufacturers plunged into electric vehicle (EV) development this week as Samsung SDI said it would invest $850 million to expand its battery factory in Hungary and Hyundai Motor launched a new model in a bid to capture 10% of global sales by 2025.Samsung SDI, an affiliate of …
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EVs set to power Hyundai sales surge in US and China
The Hyundai Motor Co says it expects new electric cars and sports utility vehicles (SUVs) will drive a sales surge in the United States and China this year, after reporting its best quarterly profit in over three years.Hyundai's holiday-quarter profit jumped 57% on the back of more demand for premium-margin …
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Hyundai Motor planning EV venture with Apple, papers say
(ATF) Hyundai Motor and Apple plan to work together on autonomous electric vehicles, according to newspapers in Seoul. The companies plan to sign a partnership deal by March and start production around 2024 in the United States, Korea IT News reported on January 10.News that the two conglomerates were looking …
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