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Hyundai to Build EVs in U.S. as Part of $7.5 Billion Investment

(Bloomberg) Hyundai Motor Group, which owns both the Hyundai and Kia car brands, said it will build electric vehicles in the U.S. as part of a $7.5 billion investment that also covers hydrogen refueling stations and unmanned flying taxis. ....

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Hyundai to Build EVs in U.S. as Part of $7.5 Billion Investment

Hyundai to Build EVs in U.S. as Part of $7.5 Billion Investment
Gabrielle Coppola, Bloomberg News
A Hyundai Kona electric sport utility vehicle (SUV) in a cradle on the assembly line at the Hyundai Motor Co. plant in Nosovice, Czech Republic, on Wednesday, April 7, 2021. With Europe expected to lead the world in electric-car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the continent. Photographer: Milan Jaros/Bloomberg
, Bloomberg
(Bloomberg) Hyundai Motor Group, which owns both the Hyundai and Kia car brands, said it will build electric vehicles in the U.S. as part of a $7.5 billion investment that also covers hydrogen refueling stations and unmanned flying taxis. ....

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Apple Car Fracas Marks First Public Setback for Hyundai Boss

Apple Car Fracas Marks First Public Setback for Hyundai Boss
Bloomberg
2/9/2021
Kyunghee Park and Sohee Kim
(Bloomberg) Hyundai Motor Group Chairman Euisun Chung central to the company’s transformation from conventional carmaker to mobility giant promoting flying cars and hydrogen-fuel cells had his first, very public, stumble this week.
On Monday, after a month of intense speculation around who may team with Apple Inc. to help develop its much-vaunted self-driving electric car, Hyundai Motor Co. and its affiliate Kia Motors Corp. were forced in separate exchange filings to say they weren’t in any talks with the tech behemoth, backing away from an earlier Hyundai statement that confirmed they were in discussions. ....

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Hyundai Motor Buys 80% of Robotics Firm Boston Dynamics

Hyundai Motor Buys 80% of Robotics Firm Boston Dynamics
Bloomberg
12/11/2020
Kyunghee Park
© Bloomberg
A Boston Dynamics Inc. Atlas humanoid robot is displayed at the SoftBank Robot World 2017 in Tokyo, Japan, on Tuesday, Nov. 21, 2017. SoftBank Chief Executive Officer Masayoshi Son has put money into robots, artificial intelligence, microchips and satellites, sketching a vision of the future where a trillion devices are connected to the internet and technology is integrated into humans.
(Bloomberg) Hyundai Motor Group agreed to buy a controlling stake in Boston Dynamics Inc. in a deal that values the mobile robot firm at $1.1 billion.
Hyundai Motor Group, along with some associated companies and Chairman Euisun Chung, will acquire an 80% interest in the U.S. robotics company from SoftBank Group Corp., leaving the Japanese firm with a 20% share, the companies said in a statement Friday. The deal was first reported by Bloomberg Ne ....

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