Latest news with #HyundaiMotorCo
Barnama
5 days ago
- Automotive
- Barnama
Hyundai Named Title Sponsor of ASEAN Football Championship from 2026
SEOUL, May 26 (Bernama-Yonhap) -- Hyundai Motor Co has entered into a sponsorship agreement with the ASEAN Football Federation (AFF) to become the title sponsor of Southeast Asia's leading men's national football tournament starting in 2026, Yonhap news agency reported. The agreement was signed at Hyundai's manufacturing plant in Bekasi, West Java, Indonesia. Under the deal, the biennial tournament will be renamed the ASEAN Hyundai Cup beginning in 2026, the company said Monday. bootstrap slideshow Previously known as the ASEAN Championship, the tournament has undergone several rebrandings in line with changing sponsorships. It was formerly titled the Tiger Cup, Suzuki Cup, and most recently the Mitsubishi Electric Cup. In addition to the ASEAN Hyundai Cup, Hyundai will also sponsor three other regional football competitions from 2025 to 2029. These include the ASEAN Club Championship Shopee Cup, the ASEAN Women's MSIG Serenity Cup, and the ASEAN U-23 Championship. Hyundai Motor began its involvement in global football sponsorship with the FIFA World Cup in 1999. The company has since expanded its presence, most recently becoming an official partner of the Copa Libertadores, South America's top-tier club competition.
Argaam
15-05-2025
- Automotive
- Argaam
Hyundai breaks ground on new factory in King Salman Automotive Cluster
Hyundai Motor Manufacturing Middle East (HMMME) broke ground on its new factory in Saudi Arabia's King Salman Automotive Cluster within King Abdullah Economic City (KAEC). The facility is Hyundai Motor's first manufacturing plant in the Middle East. Production is scheduled to begin in the fourth quarter of 2026, with an annual capacity of up to 50,000 vehicles, including internal combustion engine vehicles and electric vehicles. According to data compiled by Argaam, the Public Investment Fund (PIF) and Hyundai Motor Co. signed a joint venture agreement in October 2023 to establish a highly automated vehicle manufacturing plant in the Kingdom. PIF holds a 70% stake in HMMME, while Hyundai Motor owns the remaining 30%. In November, Emaar The Economic City signed a 20-year land lease agreement with HMMME for a plot in the Industrial Valley's special economic zone. The SAR 175.7 million deal covers the construction and operation of a facility for assembling vehicles and manufacturing auto parts.
Bloomberg
20-03-2025
- Automotive
- Bloomberg
Hyundai CEO Confident of US Strategy Amid Trump EV Uncertainty
Hyundai Motor Co. 's Chief Executive Officer shrugged off uncertainties around President Donald Trump's approach toward electric vehicles and domestic production, saying the company's 'localization strategy' in the US will 'help mitigate the impact of any potential policy change.' Jose Munoz, fronting shareholders at the South Korean automaker's annual general meeting in Seoul on Thursday, also defended Hyundai's decision to plow billions of dollars into the US, maintaining that the 'decision to make this investment was made during the first Trump administration.'
