Streetbeat News

HYMTF

Hyundai Motor

http://www.hyundai.com/

Industry

Automobile Manufacturing

Open

49.20

Mkt cap

34B

Volume

683

High

50.60

P/E Ratio

3.01

52-wk high

69.27

Low

49.20

Div yield

0.06

52-wk low

45.10

Hyundai Motor Company is launching two new electric vehicles in Europe, the Inster EV and a new IONIQ model, to boost its market share. Despite rivals like General Motors, Ford, and Tesla scaling back, Hyundai is pushing forward. The Inster EV will debut at the Busan International Mobility event on June 27th. Hyundai's IONIQ 5 set a new sales record in May, and the company is opening its first EV and battery plant in the US later this year. Hyundai and Kia are closing the market share gap with Tesla in the US.

Portfolio Pulse from Upwallstreet

June 21, 2024 | 3:56 pm

Lucid Group's CEO Peter Rawlinson claims that Lucid's technology is years ahead of Tesla's, despite Tesla's lead in production and deliveries. Rawlinson's comments highlight Lucid's efficiency in EV batteries and potential for partnerships, but the company faces financial challenges.

Portfolio Pulse from Chris Katje

June 17, 2024 | 7:03 pm

South Korean automakers Hyundai and Kia have achieved a record-high 11.2% share of the U.S. electric vehicle (EV) market in the first five months of 2024, up from 6.8% in 2023. Despite this growth, they still trail Tesla, which leads the market by 40.5 percentage points.

Portfolio Pulse from Anan Ashraf

June 11, 2024 | 12:20 pm

Indonesia's president-elect Prabowo Subianto aims to continue building the nation's nickel industry and EV ambitions, which will likely increase coal consumption. The country is balancing its relationship with China, the largest investor in its nickel industry, and potential Western investors concerned about environmental impacts. Companies like Hyundai, General Motors, Ford, and Tesla are involved in Indonesia's EV and battery production plans.

Portfolio Pulse from Matt Whittaker

June 06, 2024 | 12:55 pm

Hyundai Motors has partnered with Chef Corey Lee to launch 'Na Oh', a new casual dining venture in Singapore. The restaurant, opening on June 15, 2024, will feature a 4-course prix fixe menu and aims to blend food, tradition, and innovation.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:03 am

Hyundai Motor America reported a 12% year-over-year increase in May 2024 sales and a 2% increase in year-to-date total sales. The company saw its best May sales for several models, including the IONIQ 5, IONIQ 6, Tucson HEV, Santa Fe HEV, Palisade, and Santa Cruz. Retail sales in May were up 9% year-over-year, with significant contributions from the Palisade, IONIQ 5, and Santa Fe HEV. Additionally, May EV sales surged by 42% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:54 am

Hyundai Motor Company is reportedly considering a partnership with Lucid Group for high-performance electric motors. Hyundai's CEO visited Lucid's headquarters to discuss cooperation, potentially incorporating Lucid's motors into Hyundai's luxury brand Genesis. Lucid recently partnered with Aston Martin for similar purposes. Despite financial challenges, Lucid has significant liquidity to sustain operations through 2025.

Portfolio Pulse from Anan Ashraf

May 30, 2024 | 12:07 pm

Hyundai is expanding its EV lineup with the introduction of the IONIQ 9, a three-row electric SUV. While General Motors and Ford are scaling down their EV ambitions, Hyundai's EV sales surged 62% in Q1. Hyundai's new SUV will compete with Rivian's R1S, Kia's EV9, and Volvo's EX90. Hyundai has also partnered with Worksport for its innovative solar tonneau cover.

Portfolio Pulse from Upwallstreet

May 29, 2024 | 5:30 pm

The EV sector saw significant developments this week, including Tesla's production cut in China, Lucid's workforce reduction, Nikola's new truck orders, and Ford's potential easing of EV sales norms for dealers. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 4.88% for the week.

Portfolio Pulse from Shanthi Rexaline

May 25, 2024 | 1:10 pm

Kia and Hyundai are defying the global EV slowdown with new models and increased sales. Kia launched its EV3 compact electric SUV, aiming for affordability and long-range performance. Hyundai and Kia saw significant EV sales growth in April. Worksport is collaborating with Hyundai on solar-powered accessories and expects substantial revenue growth in 2024.

Portfolio Pulse from Upwallstreet

May 23, 2024 | 2:47 pm

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