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Hyundai invests in solid-state battery developer from America

The race to develop and offer solid-state batteries in cars is heating up some more. Hyundai announced that it is investing in a company based in Massachusetts called Ionic Materials. The company is developing the solid electrolyte polymer that would replace the liquid electrolytes used in current lithium-ion batteries. This investment by Hyundai indicates a ramping up of its efforts to produce solid-state batteries. Last year, the Korea Herald reported that the company was working on the technology in-house. It is interesting that the company would partner with a smaller company based in America rather than a large battery developer from Hyundai's home country such as LG. Hyundai is also one of several companies working hard to bring solid-state batteries to the masses' cars. Toyota says it will have them in cars by 2022. Fisker is also aiming for early 2020s for its own solid-state batteries. Honda, Nissan, BMW and VW are all reportedly working on solid-state batteries, too. Perhaps what's most surprising is that there aren't more companies openly developing the technology, since solid-state batteries eliminate flammable liquid electrolytes, and they promise the potential of more capacity and faster charging times. Related Video:

Hyundai Santa Fe facelift and interior redo spied

Hyundai just rolled out the third-generation Santa Fe in 2012, so it'll be a little while yet before the crossover warrants replacement altogether. It does, however, appear to be preparing a facelifted version for introduction in the near future. Spied undergoing testing in Europe, the updated Santa Fe looks poised to get a new grille, restyled LED foglamps, new bumpers front and rear, new taillights graphics and new exhaust tips. The cockpit looks like it's getting the once-over as well, with a new infotainment system in the dashboard. Beyond that we couldn't really tell you at this point, but we can expect the revised Korean crossover to arrive sometime later this year. Previous generations of the Santa Fe lasted for about six years on the market, however, so we wouldn't anticipate a complete replacement until 2018 or so. Related Video:

Hyundai missing Q1 earnings targets blamed on slow US sales

Slow US growth is hampering profits at Hyundai. In its first quarter financial statement, the Korean automaker reported a profit of 1.93 trillion won ($1.86 billion). According to Reuters, this is less than analysts' expectations and nearly the same as last year.
According to the report, US sales fell by 3 percent in Q1 2014. To make matters worse, the high value of the South Korean currency caused lower profits on models exported from there. On the bright side, Hyundai's Chinese sales rose by 9 percent, according to Reuters. It's also working on building a fourth factory there.
The company has had a rough time in the US throughout the quarter. John Krafcik, the CEO of Hyundai of America, stepped down on January 1, and the company was already predicting slow growth in sales for 2014. Falling quality scores for the Sonata and Elantra aren't helping matters either. However, there may be hope on the way. The second-generation Genesis Sedan was introduced to the US in Detroit, and the redesigned Sonata was recently shown in New York. Successful launches of these important models could prove crucial.