Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Nvidia Develops New Location-Verification Technology for AI Chips 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Hyundai Motor revealed its plan to return to Japan after leaving the country 12 years ago. The South Korean automaker was forced to withdraw its business at that time due to low sales.
As per Reuters, Hyundai Motor made the decision to try again and re-enter in the Japanese auto market as the demand for electric vehicles is growing these days. The increasing demand is said to have opened a new opportunity for the company to start afresh in Japan.
It was reported that Hyundai will be selling its Nexo SUV model unit which is a hydrogen fuel cell electric vehicle. In addition, it will also be marketing its Ioniq 5 crossover EV. The move to re-open its business in the country is part of the firm's attempt to snatch at least 10% of the total EV sales worldwide by the year 2025.
Hyundai Motor first entered Japan in 2001, but the outcome has been disappointing. The Korean carmaker decided to withdraw in the last quarter of 2009 after selling just 15,000 units of vehicles.
Now, as the demand for EVs is getting stronger every day, Hyundai thinks this is the right time to go back and secure its market share in the EV sector. Some of the leading electric vehicle makers are already operating in the region, such as Tesla, and others, including Hyundai, are ready to compete.
"We haven't yet set a target for sales, but we will try to provide more information once we begin taking orders online in May," Shigeaki Kato, Hyundai Mobility Japan's head, said during a press conference that was held on Tuesday, Feb. 8, in Tokyo.
With Hyundai's re-entry, Kato further said that this time around, they would be focusing more on online sales. They will also be teaming up with a car sharing service that is being run by DeNA, an online social gaming firm, and Sompo Holdings, an insurance company. The company allows private vehicle owners to rent out their cars.
Meanwhile, for its return to the Japanese market this year, The Korea Times quoted Hyundai Motor's chief executive officer, Jang Jae Joon, as saying via video interview. "Hyundai Motor has been contemplating re-entry in various forms for the past 12 years and now we have decided to go back to square one and service our Japanese customers."
