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Updated on 9/3/2026
Global automaker producing sedans, SUVs, EVs
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Hyundai Motor Company is a global car maker that designs, manufactures, and sells a wide range of vehicles, including sedans, SUVs, and a growing number of electric vehicles. Its manufacturing is done in-house across a network of plants around the world, which helps manage production and the supply chain across markets such as North America, India, and Europe. The company plans to expand its EV lineup, aiming to launch 21 new electric models by 2030 to cover affordable to high-performance segments. Hyundai differentiates itself through its integrated global manufacturing approach, control over its supply chain, and a deliberate shift toward electrification under the “Hyundai Way,” backed by a strong U.S. presence since 1986. Its goal is to grow vehicle sales with a balanced mix of traditional and electric vehicles while becoming a leading supplier of EVs across multiple market segments.
Company Size
10,001+
Company Stage
IPO
Headquarters
Seoul, South Korea
Founded
1967
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Paid Vacation
Paid Sick Leave
Paid Holidays
Life Insurance
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Flexible Work Hours
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China is set to get solar-powered cars with new glass-based technology but there's some important caveats. Published on Sep 07, 2026 at 6:16 AM (UTC+4) by Daisy Edwards Last updated on Sep 07, 2026 at 6:16 AM (UTC+4) Edited by Henry Kelsall China is set to get solar-powered cars with new glass-based technology, but there's a catch. Fuyao Glass, one of the world's biggest automotive glass suppliers, has developed translucent solar glass that can turn a car's roof into a small power generator. It sounds like the beginning of the solar-powered cars revolution, but don't expect to stop plugging in your EV just yet. There are some pretty important caveats to this clever new technology. New glass technology could mean Supercar Blondie get solar-powered cars. Fuyao's new automotive solar glass is designed to do something that sounds almost futuristic - generate electricity while still functioning as a glass roof on your car. The company says the glass on the roof can produce around 150 watts of power per square meter, which is fairly impressive for something that is also designed to let light through, although conventional modern solar panels can produce around 200 watts per square meter under suitable conditions. The trick is that Fuyao's glass is translucent rather than completely opaque. Some sunlight therefore passes through the glass instead of being converted into electricity, meaning it won't be as efficient as a traditional solar panel. A panoramic glass roof already has the job of managing the amount of sunlight entering the cabin, so incorporating solar cells into the glass could allow automakers to add another function without simply covering the roof in conventional solar panels. Fuyao's demonstrations show what the technology could look like in practice, with trees and the outside world still visible through the roof while the pattern of solar cells can be seen from inside the vehicle. And this isn't the first time a major automaker has tried something similar. Back in 2019, Hyundai introduced a version of its Sonata Hybrid with a solar roof. The South Korean automaker said the system could provide up to 60% of the battery's charging power and, with around six hours of sunlight per day, could add approximately 1,300 km (800 miles) of driving range over a year. That sounds impressive until you break it down: the 800 miles was an annual figure, rather than 800 miles of range being generated every time the car was parked in the sunshine. Hyundai's solar roof was designed to supplement the car's existing powertrain, helping improve fuel economy and reduce emissions rather than allowing the Sonata to run purely on sunlight. Interestingly, Hyundai had also been developing a semi-transparent second-generation system, which was intended to let light into the cabin while generating electricity. That makes the new Fuyao technology feel less like a completely new idea and more like the latest attempt to solve the same problem in a smarter way. The biggest caveat is that solar glass won't power your car. This is where things get a little less exciting. Even if you covered a car's entire roof in Fuyao's solar glass, the amount of electricity it could generate would still be tiny compared with what is required to actually propel a normal road car. A typical vehicle needs vastly more power to accelerate and drive than a small solar roof can provide. That's why successful solar-car competitions tend to feature tiny, ultralight and extremely aerodynamic vehicles that look very different from the SUVs and sedans sitting in your driveway. Instead, Fuyao says its solar glass could be used to take some of the pressure off a vehicle's electrical system. That could mean helping power things such as air conditioning, internet connectivity, or an in-car data recorder. In an EV, those systems normally draw power from the main battery, so generating some electricity from the roof could potentially reduce that drain and help the battery last a little longer. There have also been reports that BYD could offer the technology as an option on some of its EVs for around 8,000 yuan, or roughly $1,200, but those reports have not been confirmed by either BYD or Fuyao. The reported setup could provide around 720W at peak, which still isn't remotely enough to turn a conventional EV into a genuinely self-sustaining solar car. Under ideal conditions, it could potentially provide enough energy for a short journey, but clouds, shade, parking indoors, and the angle of the sun would all reduce the real-world output. China's upcoming solar glass therefore isn't quite the solar-powered cars revolution Supercar Blondie might have imagined, but it could be another small step toward making everyday cars a little more energy efficient.
Going local, cutting carbon: Inside Hyundai's US steel expansion. Published: Sept. 6, 2026 - 13:50:59 Ahn Sung-mi Hyundai's Louisiana mill to bring steel production closer to US auto plants while serving as base for lower-carbon steelmaking DONALDSONVILLE, Louisiana - Hyundai Motor Group, which has spent two decades building cars in the US, is moving further upstream to make the steel that goes into them. Hyundai-Posco Louisiana Steel, the $5.8 billion electric-arc furnace steel mill planned in Louisiana, marks a new phase in the auto giant's US expansion. Set to begin commercial production in 2029, the project will supply Hyundai and Kia's manufacturing operations in Alabama and Georgia, helping the group build a more integrated US supply chain from steel to finished vehicles. The project is not just about localization. Built around direct reduced iron and electric arc furnace technology, the mill is designed to produce high-grade automotive steel with substantially lower carbon emissions than conventional blast-furnace steelmaking. From steel to automobiles Hyundai Motor Group has steadily expanded its US manufacturing footprint since opening an Alabama plant in 2005, followed by a Kia plant in Georgia in 2009 and recently Hyundai Motor Group Metaplant America, the group's electric vehicle facility that began production in 2024. Battery and parts suppliers have expanded alongside them. Steel, however, has largely remained dependent on imports from South Korea or purchases from US steelmakers. With US tariffs on imported steel reaching as high as 50 percent, local production has become increasingly important to Hyundai's efforts to build a more resilient US supply chain. The US itself presents a sizable market. Despite being the world's third-largest crude steel producer, it imported more than 20 million tons of steel in 2025. The US is also the world's second-largest auto producer, manufacturing 10.24 million vehicles last year. Hyundai Motor Group currently has annual US production capacity of about 1 million vehicles and plans to expand it to 1.2 million, providing a substantial market for locally produced automotive steel. Once the Louisiana mill begins production, the group will have a US supply chain stretching from automotive steel production to vehicle assembly, mirroring the integrated model Hyundai established in South Korea with Hyundai Steel's Dangjin plant in South Chungcheong Province. Of Hyundai-Posco Louisiana Steel's planned 2.7 million tons of annual production, about 1.8 million tons will be automotive steel, with the remaining 900,000 tons for other industries. Hyundai Motor CEO Jose Munoz made clear that the carmaker intends to use the Louisiana-made steel for as many US-made vehicles as possible. "We want to utilize this steel for our cars produced in the US," Munoz told reporters after Friday's groundbreaking ceremony. "We want to localize the utilization of steel in our US factories, both in Alabama and Georgia." Hyundai Steel plans to supply automakers outside the group as well, targeting potential customers including General Motors in Texas, Volkswagen in Tennessee and Honda in Alabama, as it seeks to expand its presence in the US automotive steel market. "This plant will be both our company's first integrated steel mill dedicated to automotive steel sheets and the first of its kind in America," Hyundai Motor Group Executive Chair Chung Euisun said at the ceremony. "The steel produced here will support Hyundai Motor Group and other automakers as they build the next generation of mobility." Low-carbon steelmaking The Louisiana facility will also serve as a test bed for Hyundai Steel's lower-carbon steelmaking strategy. Unlike conventional blast furnaces, which rely heavily on coal, electric arc furnaces use electricity and recycled scrap. Hyundai Steel expects the process to cut carbon emissions by about 70 percent compared with traditional blast-furnace steelmaking. Producing high-grade automotive steel from scrap alone through electric arc furnaces, however, can be difficult because residual impurities can affect surface quality and formability. Hyundai Steel's solution is to address this by combining scrap with direct reduced iron, a cleaner and purer iron feedstock. The approach is intended to enable production of high-grade automotive steel while preserving much of the emissions advantage of electric-arc furnaces. Rather than sourcing direct reduced iron from outside suppliers, the Louisiana mill will produce it on site and feed it directly into its electric arc furnaces, creating an integrated production process from raw material to finished steel. Hyundai Steel said the setup will make the plant a key base for its transition toward low-carbon steel production. Initially, the direct reduced iron process will use natural gas. Over the longer term, Hyundai Steel plans to use hydrogen and reduce emissions. "We plan to progressively increase the use of hydrogen over time, with the goal of achieving substantial reductions in carbon emissions and advancing towards sustainable steelmaking," said Lee Bo-ryong, president and CEO of Hyundai Steel at the groundbreaking ceremony Friday. [email protected]
Shahin launches: Oman's new all-in-one EV Charging app. MTCIT launched Shahin, Oman's unified EV charging app, at the Gulf Green Mobility Forum, alongside deals for a 400-charger network, a domestic charger factory and a Hyundai hydrogen bus pilot. Oman's Ministry of Transport, Communications and Information Technology (MTCIT) used the Gulf Green Mobility Forum in Salalah this week to move its electric vehicle strategy from paper to product. The ministry launched Shahin, the Sultanate's first unified national app for finding, checking and paying for EV charging, and paired it with a wave of signed private-sector agreements to build out the hardware behind it. Key takeaways. * Shahin, Oman's unified national digital platform for EV charging, launched at the Gulf Green Mobility Forum 2026 in Dhofar, letting drivers locate chargers and check real-time availability from a single app, according to Muscat Daily. * MTCIT adopted a new regulatory framework and pricing structure for charging operators to encourage private investment while keeping installations commercially sustainable, per the same report. * Omantec and Hormuz Energy agreed to build a 400-charger network rated 180kW to 450kW; IX Smart Mobility, NeoX and StarCharge will develop ultra-fast centres running up to 720kW. * Omantec and Modern Energy signed a deal to open a domestic factory producing high-speed EV chargers in Oman, a step toward local manufacturing rather than imports. * Hyundai Motor Group signed MOUs with MTCIT and Mwasalat covering smart-city cooperation, a 240kW ultra-fast charger at Halban with OOMCO and EVO, and a hydrogen fuel-cell bus pilot running Q3 2026 through Q3 2027, according to CleanTechnica. * MTCIT is targeting roughly 350 charging stations nationwide by 2027, up from the more than 160 stations recorded as of Q3 2025. What Shahin actually does. Shahin has been in the works since MTCIT first invited the public to help name the platform in mid-2025, and an integration app called EV Group had already begun stitching together station locators, trip planning and an e-marketplace by December 2025, with Shahin handling "the hardware network, HSE framework and device compatibility" behind the scenes, as EV Group CEO Hussain al Lawati explained at the time. This week's launch at the Gulf Green Mobility Forum marks the platform's move from development into a live, national service. According to Muscat Daily, Shahin connects charging points from multiple private operators into a single system, letting drivers check whether a charger is free before they drive to it and, per Oman Observer, pay across networks with one login rather than juggling separate apps for each charging brand. That single-login design addresses a complaint that has followed Oman's EV rollout for the past two years: charging infrastructure existed, but it was scattered across incompatible apps run by different fuel marketers and private operators. Shahin is MTCIT's attempt to make that fragmentation the driver's problem no longer. The infrastructure behind the app. An app is only as useful as the network it points to, and the forum produced several concrete commitments to grow that network: * Omantec and Hormuz Energy will deploy a network of roughly 400 smart chargers rated between 180kW and 450kW. * IX Smart Mobility, NeoX and StarCharge plan ultra-fast charging centres capable of up to 720kW, with options for integrated solar and battery storage. * Dhofar Municipality and IX Smart Mobility will build a model ultra-fast charging centre with stations at municipal sites in Dhofar. * Omantec and Modern Energy will establish a factory inside Oman to manufacture high-speed EV chargers, a move toward building a domestic supply chain instead of relying on imported hardware. * EVO and Hyundai Kefico will bring ultra-fast charging technology rated up to 240kW, while also exploring local assembly or manufacturing. The ministry also confirmed the first EV charging station in Buraimi governorate, sited at the University of Buraimi, and a new station at the Salalah Free Zone, extending coverage beyond the Muscat-Dhofar corridor where most existing stations are concentrated. Hyundai signs on for smart cities and hydrogen buses. Hyundai Motor Group used the same forum to formalise a broader partnership with Oman that goes beyond charging hardware. The company signed a memorandum of understanding with MTCIT covering electric vehicles, hydrogen fuel-cell mobility and smart-city technologies, and a separate pilot agreement with national transport operator Mwasalat to run a 24-seat ELEC CITY hydrogen fuel-cell bus on Muscat public transit routes from the third quarter of 2026 through the third quarter of 2027, according to Oman Observer. Separately, OOMCO and EVO will install a 240kW DC ultra-fast charger at a service station in Halban. "HMG is committed to helping turn Oman's Vision 2040 ambitions into tangible outcomes through collaboration in smart cities and future mobility." - Hokeun Chung, Executive Vice President and Head of Future Strategy Division, Hyundai Motor Group The MOU with MTCIT runs for an initial one year with automatic renewal provisions, and it explicitly frames the smart-city cooperation around His Majesty Sultan Haitham City, the flagship low-emission urban project the ministry is developing with the Ministry of Housing and Urban Planning, according to CleanTechnica. Setting the regulatory rules. Alongside the technology announcements, MTCIT adopted a regulatory framework governing how charging points get installed and expanded, plus a pricing structure intended to keep EV adoption attractive to drivers while ensuring operators can recover their investment, Muscat Daily reported. That regulatory step matters as much as the app itself: without clear rules on where operators can install chargers and what they can charge for a session, private companies have limited incentive to invest in stations beyond the busiest routes. The forum's broader agenda, discussed in a parallel "Gulf Green Mobility System Lab" session, also covered smart-grid integration challenges and green hydrogen supply chains for ports and logistics, with the goal of producing a shared roadmap for regulatory gaps across GCC states, according to Times of Oman. 🇴🇲 why this matters for Oman. For a country that had installed around 160 public and private charging stations by the third quarter of 2025, moving from a fragmented network of single-operator apps to one government-backed platform is a meaningful step in de-risking EV ownership for ordinary drivers, not just early adopters. The manufacturing agreement between Omantec and Modern Energy is arguably the most consequential piece for Oman's technology ambitions specifically: building EV chargers domestically, rather than importing them, keeps more of the supply chain, jobs and technical know-how inside the Sultanate, echoing the localisation goals that run through Vision 2040 and that this site has tracked in coverage of Oman's growing roster of startup and technology support programmes. If MTCIT hits its stated target of roughly 350 stations by 2027, Shahin's real test will be whether the app keeps pace with a rapidly multiplying, multi-operator charging network, rather than becoming another underused government portal. EV Charging Green Mobility Oman Vision 2040
Avalanche: the hyper-scalable backbone of custom blockchain networks. In the ever-evolving landscape of blockchain technology, Avalanche (AVAX) stands out as a transformative platform that promises to redefine the boundaries of scalability and customization. Engineered by Ava Labs, Avalanche offers a unique solution to the blockchain trilemma - balancing decentralization, scalability, and security - by introducing a multi-chain smart contract infrastructure and application-specific subnet customization. The Avalanche advantage. At the core of Avalanche's architecture lies its tri-chain framework. This innovative design distributes workflows across three specialized native blockchains: the X-Chain, P-Chain, and C-Chain. The X-Chain is dedicated to asset creation and transfer, the P-Chain coordinates validators, and the C-Chain executes Ethereum-compatible smart contracts. This separation of concerns enables Avalanche to deliver near-instant transaction finality, a feature that significantly enhances user experience and network efficiency. Custom subnets: A game changer. One of Avalanche's most compelling features is its ability to support custom subnets. These subnets empower enterprises and developers to launch independent, tailor-made blockchains that leverage Avalanche's infrastructure. This flexibility is crucial for applications requiring specific regulatory compliance or technical configurations. By utilizing Avalanche's consensus mechanism, these subnets can achieve high throughput without compromising security, making them ideal for a variety of industry use cases. AVAX: the economic catalyst. The native AVAX token plays a pivotal role in Avalanche's ecosystem. It is used to pay transaction gas fees, incentivize validators through staking, and secure the network's proof-of-stake (PoS) layer. This multi-faceted utility makes AVAX not just a transactional medium but a critical component in the network's governance and security architecture. * Transaction Fee Burning: A portion of AVAX used for transaction fees is burned, reducing supply and potentially increasing the token's value. * Staking Rewards: AVAX holders can stake their tokens to earn rewards, contributing to network security and decentralization. Real-World integrations and ecosystem expansion. Avalanche's enterprise-ready environment is evidenced by its real-world integrations. Notably, Ava Labs' partnership with Hyundai Motor Group for cross-border stablecoin networks highlights the platform's capability to facilitate large-scale, international projects. Backed by the Avalanche9000 infrastructure upgrade, the platform is poised to support an expanding ecosystem of decentralized applications (dApps) and services. Challenges and considerations. Despite its advantages, Avalanche faces certain challenges. The introduction of custom subnets, while beneficial for scalability, can lead to potential liquidity fragmentation if not properly managed. Additionally, the requirements for maintaining a full validation node are substantial, posing a barrier for smaller participants. Nonetheless, these challenges are being addressed through ongoing technological advancements and community engagement. Conclusion: A future-ready platform. With its robust infrastructure, Avalanche is well-positioned to serve as the hyper-scalable backbone for a customizable network of blockchains. Its innovative design and focus on near-instant transaction finality make it a compelling choice for enterprises, developers, and investors looking to harness the full potential of blockchain technology. As Avalanche continues to evolve, its impact on the digital economy is likely to be profound, offering a secure, scalable, and customizable platform for the next generation of decentralized applications.
Hyundai breaks ground on new west bank Ascension steel plant. HYUNDAI-POSCO Louisiana Steel (HPLS) officially broke ground on its new $5.8 billion steel manufacturing facility in Ascension Parish, marking the beginning of a transformational investment for its community, its state and U.S. manufacturing. The first-of-its-kind facility will be the world's first EAF-based, fully integrated steel mill dedicated to the automotive industry. Designed to produce steel with approximately 70% fewer CO[2] emissions than conventional blast furnace methods, the facility will help establish a made-in-America steel supply chain supporting automotive production across the United States. The impact here at home will be significant. The project is expected to support approximately 5,400 jobs, including about 1,300 direct and 4,100 indirect jobs, with starting average salaries for HPLS employees of $95,000. HPLS is also developing on-the-job training opportunities and has made a commitment to hiring local talen Once operational, the facility is expected to produce up to 2.7 million metric tons of steel annually, strengthening its nation's manufacturing capabilities while bringing new opportunities for generations of Ascension Parish families. Today's groundbreaking brought together federal, state and local leaders alongside executives and representatives from Hyundai Motor Group, Hyundai Steel, HYUNDAI-POSCO Louisiana Steel and POSCO to celebrate the start of this historic project. Today, Pelicanpostonline broke ground on more than a new facility - Pelicanpostonline marked the beginning of a new chapter for Ascension Parish.