Streetbeat News

HYMTF

Hyundai Motor

http://www.hyundai.com/

Industry

Automobile Manufacturing

Open

53.00

Mkt cap

35B

Volume

600

High

53.00

P/E Ratio

2.95

52-wk high

69.27

Low

52.91

Div yield

0.09

52-wk low

39.80

Hyundai Motor plans to launch a refreshed Ioniq 5, an all-new Ioniq 5N, and a three-row electric SUV in the U.S. for the 2025 model year. The refreshed Ioniq 5 will feature a bigger battery and improved fast charging. Hyundai's U.S. sales have seen a year-on-year increase, with significant growth in Ioniq 5 sales.

Portfolio Pulse from Anan Ashraf

July 16, 2024 | 9:51 am

Geely Automobile Holdings Ltd (OTC:GELYY) plans to introduce its premium electric vehicle (EV) brand, Zeekr (NYSE:ZK), to South Korea by 2026. The company aims to open showrooms in Seoul and Gyeonggi province by the end of next year, with the first model, Zeekr 001, expected to be delivered in early 2026. Geely faces challenges due to South Korea's new rule favoring EVs with higher recycled metal content. Geely has also partnered with Korea's SK Group and Posco International Inc. for battery development and sales. GELYY shares closed higher by 2.67% at $22.66 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

July 05, 2024 | 3:02 pm

Hyundai Motor Company and LG Energy Solution have launched Indonesia's first EV battery plant with a capacity of 10 GWh. They plan to invest up to $9.8 billion to develop an EV supply chain in Indonesia, leveraging the country's rich nickel and copper resources. The facility will support Hyundai's production of 50,000 Kona Electric SUVs annually.

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 1:44 pm

Hyundai Motor Co., Ltd.'s unionized workers in South Korea have voted in favor of potential strike action due to stalled wage and retirement age negotiations. The strike could disrupt production and impact Hyundai's short-term sales, especially in the U.S. market.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 3:32 pm

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.