Hyundai Motor Company and Cummins Inc have signed a memorandum of understanding to evaluate jointly opportunities to develop and commercialize electric and fuel cell powertrains. 

South Korean automotive Hyundai Mobis of Seoul, said its advanced forward collision avoidance systems will be fitted to all Hyundai Motor trucks and vans by 2021.

Hyundai Motor Company announced last month it plans to develop 17 electric-driven commercial vehicles within the next five years in response to increasing global demand for environmentally friendly transportation solutions.

Tata AutoComp Systems Ltd¹ of Pune, a division of Mumbai’s Tata Group, which offers a wide range of products and services for the automotive and commercial vehicle industries and SECO Seojin Automotive Co Ltd² of Siheung-si, Gyeonggi-do, Republic of South Korea, have entered into a joint venture to design, develop and manufacture clutch systems in India catering specifically for commercial vehicles and agricultural tractors.

Volvo Group and Samsung SDI have entered a strategic alliance to develop battery packs for Volvo’s electric trucks.

Nexen Tire, a global tyre manufacturer, has formed a strategic partnership with Plug and Play, a corporate innovation platform and start up accelerator.

Hyundai Motor Company has revealed a system that estimates the gross vehicle weight of a light-duty commercial electric vehicles and optimises performance accordingly.

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.