All about Hyundai

On April 18, Hyundai Motor Group signed an agreement for strategic cooperation with Toray Industries, Inc., a pioneer in carbon fiber and composite material technology, to advance material innovation for a new era of mobility.

The partnership with Toray Group plays a key role in the Group’s future mobility strategy, aiming to secure capabilities to develop lightweight and high-strength materials for environmentally friendly and high-performance vehicles. The joint R&D area includes carbon fiber-reinforced polymer (CFRP) parts expected to improve the performance of EV batteries and motors. Hyundai Motor Group is adopting a comprehensive approach by pursuing fundamental advancements in material technology, in addition to electrification and software-defined vehicles (SDVs).

(Hyundai press release on April 18, 2024)

Reported on April 18, 2024, Hyundai Mobility Thailand pointed out that the price war, specifically among the Chinese EV makers, is considered a hindrance to the growth of local EV market. The unstable prices do not reflect real demand from customers.

Unstable car prices could also make buyers hesitant, as they prefer to wait and see whether EV prices will keep going down, the company said. 

The price war in the Thai market began in 2023. Some Chinese companies lowered EV prices, aiming to attract new customers or to clear stock.

Previously, the company projected up to 130,000 EVs to be sold locally this year in Thailand. Its projection has then been revised to 100,000 units.

Hyundai itself has already introduced 2 BEV models in Thailand, namely the Ioniq 5 and Ioniq 6.

(From an article of Bangkok Post on April 18, 2024)

Announced on April 17, 2024, Hyundai Thanh Cong Vietnam Automobile Joint Venture (HTV) officially introduced the Hyundai Stargazer X MPV in Vietnam.

Developed based on the Stargazer that was introduced in Vietnam in 2022, the Stargazer X comes with a bold design. Its overall dimensions are (LWH) 4,495x 1,815x 1,710 mm with a wheelbase of 2,780 mm. The car also takes design inspiration from the elder MPV model Staria. It also comes with a large rectangular grille and a bumper with an X-shaped design with trapezoidal front air vents.

It is powered by a SmartStream G1.5 engine that delivers 115 PS at 6,300 rpm and 144 Nm torque at 4,500 rpm. The car drives the front wheels through an iVT transmission (intelligent continuously variable transmission), improved from the CVT. The Stargazer X sits on Hyundai’s latest K2 platform, in accordance with the 4th generation ASEAN NCAP standard. 

The Hyundai Stargazer Standard, the Stargazer X, and the Stargazer X Premium are priced from VND 489 million, VND 559 million, and VND 599 million, respectively.

The car will be available at Hyundai dealer network nationwide from early May.

(From Hyundai Thanh Cong Vietnam homepage and press release on April 17, 2024)