Keyword: "Hyundai"

The planned increase is equal to more than 10% of the 15.4 billion USD that Korean firms had already invested in Indonesia, said Airlangga.

The project aims to convert organic waste into clean hydrogen, establishing a circular hydrogen economy in the region.

According to figures released by the TC Group on April 15, Hyundai sold a total of 5,368 vehicles last month, a significant 77.6% increase compared to February.

Automobile and motorcycle manufacturers are introducing advanced technologies and the latest products at the show.

Thanh Cong Group (TC GROUP) on April 11 announced its sales results for March with over 5,770 Hyundai automobiles sold in Vietnam last month, up 5.5% over February.

A number of large manufacturers slashed car prices early this year, signaling fierce competition in the Vietnamese auto market.

Hyundai Motor Co and its affiliate Kia Corp recorded robust on-year sales growth in Vietnam and Indonesia in the first half of 2022, delivering strong performances in the markets traditionally dominated by Japanese automakers, reported YONHAP news agency.

Sales of Hyundai cars in June fell 34% from the previous month to 4,278, Thanh Cong (TC) Group said on July 12, blaming the decline on component shortages.

Sales of Hyundai automobiles in March jumped 69.4 percent month-on-month to 7,069 units, raising the total sales in the first quarter of 2022 to 18,670, an increase of 17.5 percent compared to the same period last year, according TC Group.

Some 50,000 vehicles per year is the minimum production level needed for the growth of the Vietnamese auto part industry. Unfortunately, few car producers in Vietnam have reached such a level.

TC Motor, a joint venture between Vietnam’s Thanh Cong Group and the Republic of Korea’s Hyundai Motor announced on November 11 that 8,855 Hyundai vehicles were sold in October, an increase of 117 percent compared to the previous month.

TC Motor has announced that its sales increased 17 percent in March despite the COVID-19 pandemic, lifting its first-quarter sales to 15,362 units.

Deputy Prime Minister Trinh Dinh Dung asked the Republic of Korea’s (RoK) Hyundai group to base its strategic production centre in Vietnam while receiving Vice Chairman of Hyundai Engineering & Construction Co. Chung Jin-haeng in Hanoi on February 22.

Most of the domestic auto industry went into a tizzy when Decree 116 tightening controls over the import and assembly of cars was issued in October.

Thanh Cong Group has officially signed a new joint venture with the Republic of Korea’s Hyundai Group to manufacture and distribute commercial vehicles in Vietnam.