Streetbeat News

HYMLF

Hyundai Motor

http://www.hyundai.com/

Industry

Automobile Manufacturing

Open

N/A

Mkt cap

22B

Volume

N/A

High

89.00

P/E Ratio

6.32

52-wk high

89.00

Low

89.00

Div yield

0.07

52-wk low

89.00

Tesla's potential unveiling of its Robotaxi faces consumer skepticism, as a J.D. Power survey reveals mixed trust levels. While those who have experienced robotaxis show higher confidence, overall consumer trust remains low, highlighting the need for trust-building and safety features.

Portfolio Pulse from Chris Katje

October 10, 2024 | 7:11 pm

Hyundai Motor Co's Ioniq 5 EV is set for a refresh with significant updates including a larger battery capacity, over-the-air updates, and new interior features, as revealed on Hyundai's Korean website. The updates aim to enhance the vehicle's competitiveness against rivals like Tesla's Model Y, in line with South Korea's new EV policy supporting domestic automakers. The refresh includes an increased battery capacity from 77.4kWh to 84kWh, extending the range to approximately 301 miles, and introduces features such as a rear window wiper and Hyundai's 'Connected Car Navigation Cockpit'. The price remains unchanged in Korea, with expectations for the U.S. pricing to follow suit.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 8:41 am

BMW Manufacturing has partnered with robotics startup Figure to deploy humanoid robots at its Spartanburg, South Carolina facility. The collaboration will explore AI, robot control, manufacturing virtualization, and robot integration. Tesla's Elon Musk recently discussed the potential of robots building other robots and unveiled Optimus Gen 2. Other automakers like Honda and Hyundai are also investing in humanoid robots for assembly lines. Tesla's stock was down 2.5% to $210.15.

Portfolio Pulse from Nabaparna Bhattacharya

January 18, 2024 | 5:24 pm

Cyclone Michaung has disrupted manufacturing operations in Chennai, affecting suppliers to major tech companies like Apple, Dell, and Nokia. While most companies have resumed production, the cyclone's impact could have short-term implications for these companies' supply chains. Apple's suppliers Foxconn, Salcomp, Luxshare, and Pegatron, as well as Dell, Nokia, and Cisco, which have significant operations in the area, are particularly noteworthy. Google's expansion plans with Alphabet CEO Sundar Pichai's discussions and partnership with HP for Chromebook manufacturing in India are also highlighted.

Portfolio Pulse from Surbhi Jain

December 08, 2023 | 2:00 pm

Hyundai Motor Co., Ltd. (OTC:HYMTF) has announced plans to adopt Tesla, Inc.'s (NASDAQ:TSLA) electric vehicle charging technology in the U.S. and Canada. The collaboration will commence in Q4 2024 for the U.S. and H1 2025 for Canada, allowing Hyundai EVs with North American Charging Standard (NACS) ports access to over 12,000 Tesla Superchargers. Hyundai's E-GMP vehicles, including IONIQ 5 and IONIQ 6, and the forthcoming IONIQ 7, will benefit from this. Hyundai recently invested $400 million for a 5% stake in Korea Zinc to secure a stable supply of essential materials for EV battery production.

Portfolio Pulse from Nabaparna Bhattacharya

October 05, 2023 | 3:38 pm

The National Highway Traffic Safety Administration (NHTSA) has made an initial decision that some air bag inflators manufactured by ARC Automotive and Delphi Automotive from 2000 through January 2018 must be recalled. These inflators, which may rupture and eject metal debris, have been incorporated into air bag modules of 12 vehicle manufacturers including BMW, Ford, General Motors, Hyundai, Kia, Stellantis, Mercedes-Benz, Tesla, Toyota, and Volkswagen. Delphi Automotive was acquired by Autoliv, who may not have the legal liability for the inflators manufactured by Delphi.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 7:02 am

Hyundai Motor Co., Ltd. and LG Energy Solution will invest an additional $2 billion in their battery cell manufacturing joint venture at the Metaplant in Bryan County, Georgia. This will raise the JV's total value to over $4.3 billion and create 400 new jobs. The facility will support the production of 300,000 units of EVs annually. Hyundai Mobis will assemble battery packs using cells from the plant and supply them to Hyundai Motor Group’s U.S. manufacturing facilities.

Portfolio Pulse from Nabaparna Bhattacharya

September 01, 2023 | 1:20 pm

Several companies have made significant announcements. Warner Bros. Discovery has appointed Mark Thompson as the new leader of CNN. Hyundai's JV is investing in Korea Zinc to bolster EV battery raw material supply. Toyota's global production and sales increased in July. JetBlue has launched a new non-stop flight from New York to Amsterdam. Alphabet is trialing a new song-searching feature on YouTube. The FDA has criticized Amazon for listing unauthorized drugs. US Steel is evaluating buyout offers. Walmart is asking some pharmacists to take voluntary pay cuts. A lawsuit against Burger King alleging deceptive advertising continues. Chevron has evacuated staff from some oil platforms due to a hurricane. Conn's reported a revenue decline in Q2 FY24, while PVH's Q2 FY23 sales grew.

Portfolio Pulse from Vandana Singh

August 30, 2023 | 2:03 pm

Hyundai Motor Co., Ltd. (OTC:HYMTF) (OTC:HYMLF) and Kia Motors Corp. (OTC:KIMTF) have signed a memorandum of understanding with Korea Zinc to collaborate on the nickel value chain for electric vehicle (EV) batteries. Their joint venture, HMG Global, plans to acquire a 5% stake in Korea Zinc for approximately $399 million. The partnership aims to establish a stable nickel supply chain, with supply commencing in 2026. By 2031, the group plans to source 50% of the nickel needed for EV batteries from this partnership.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2023 | 1:29 pm

Hyundai Motor Co (OTC:HYMTF) and Kia Motors Corp (OTC:KIMTF) have announced the recall of over 91,000 vehicles in the U.S. due to the risk of oil pumps catching fire. The companies have urged owners to park their vehicles outside and away from structures until repairs are made. The recall affects several models from both companies. The companies plan to notify owners in late September, and dealers are expected to inspect and replace the electric oil pump controller as needed.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 2:10 pm

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