Hyundai in SUV upgrade

Face-lift model: The new 2023 Hyundai Palisade SUV upgrade is expected to be released in the South Korean market this week. — Bloomberg

SEOUL: South Korean automaker Hyundai Motor Co will launch the upgraded Palisade sport utility vehicle (SUV) in the domestic market this week, amid the prolonged global chip shortage.

The face-lifted Palisade comes with a 3.8-litre petrol engine or a 2.2-litre diesel engine, and is priced at 39 million won to 52 million won (RM134,788 to RM180,562), the company said in a statement.

Hyundai plans to ship the flagship SUV to the United States and other markets within this year. Carmakers have been struggling with the global chip shortage that started in 2020. Chip problems have forced them to cut production, raise prices and delay deliveries of ordered vehicles. — Korea Herald/ANN

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