Commercial Vehicle Group Inc has expanded its presence in the construction and mining seat segment in Asia following new customer wins valued at USD10-13m in annual revenue.

Hyundai Motor Company has unveiled a full electric tri-axle double-deck city bus, which is a first of its kind for Hyundai and is part of the company’s effort to help reduce traffic congestion and air pollution.

The Governement of South Korea has set itself the ambitious target of switching the country’s entire fleet of medium and heavy commercial vehicles to fuel-cell energy by 2035, as it looks to reduce air pollution in the country – particularly fine-dust.

Vehicle builders,  Beiqi Foton Motor Co Ltd (Foton),  Toyota Motor Company, and fuel cell developer, Beijing SinoHytec Co Ltd have announced an agreement for all three parties to jointly develop fuel cell buses.

Seoul-based Hanon Systems has completed its acquisition of the Fluid Pressure & Controls business of Canada's Magna International Inc for approximately USD1.2bn.

Hyundai Motor Company has confirmed it is moving ahead with the development of a production version of the Santa Cruz pickup truck, after years of speculation.

The South Korean government is actively promoting the use of hydrogen as a new source of economic and manufacturing growth for the country.

EV battery developer, SK Innovation plans to invest around USD859m in battery technology and production in Hungary.

Seoul-based Hyundai Motor Company (HMC) and Global Group of Algeria have signed an agreement to produce Hyundai’s commercial vehicles in Algeria as Hyundai continues to expand its commercial vehicle business around the world.

Hyundai Truck and Bus Rus (an official representative office and subsidiary of Hyundai Motor Company, established in February 2017) has started series assembly of the Hyundai HD35 and Hyundai35City light commercial vehicle range (with gross weights stated as 3.5 tons) at the Avtotor plant in Kaliningrad.