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 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

Hyundai Motor unveils its vision for a hydrogen society and U.S. clean logistics at ACT Expo 2024, introducing its U.S. hydrogen commercial vehicle business and announcing a new clean logistics partnership with GLOVIS America.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:48 am

Hyundai Motor Group surpassed Volkswagen Group in operating profit for Q1 2024, with Toyota Group maintaining its lead. Hyundai's diverse portfolio and investments in technical capabilities, including a partnership with Worksport Ltd, contributed to its success. Volkswagen faces challenges in the EV market, particularly in China, and has partnered with Xpeng to improve its position.

Portfolio Pulse from Upwallstreet

May 15, 2024 | 12:55 pm

Mercedes worker Brett Garrard advocates for better work-life balance amid unionization efforts at a Mercedes plant in Alabama, highlighting the need for a more predictable schedule. The vote, involving over 5,000 workers, faces opposition amid fears of the plant moving to Mexico. The UAW's broader campaign aims to unionize workers at non-union U.S. plants of major manufacturers, including Mercedes-Benz Group.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 2:29 pm

Hyundai Motor Group's Executive Chair Euisun Chung visited India to discuss the company's mid- to long-term mobility strategies, aiming to solidify its position as a leading mobility provider. The group plans to increase Hyundai Motor India's annual production to one million units by 2025 and, combined with Kia India, reach a total annual production capacity of 1.5 million units. The visit also focused on expanding the electrification strategy to strengthen leadership in the Indian EV market, including increasing local EV production and creating an EV ecosystem. A town hall meeting was held to share visions and strengthen trust with employees, attended by approximately 400 local employees in person and over 3,000 via video.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:18 am

UAW President Shawn Fain announced the continuation of a $40M campaign to unionize autoworkers at 35 non-union U.S. plants of major automakers including Volkswagen, Mercedes-Benz, Tesla, BMW, Toyota, Nissan, and Hyundai, following a significant union victory at a Volkswagen plant in Tennessee. This win represents the union's first success in a Southern car facility owned by a foreign auto manufacturer, with a scheduled election at two Mercedes-Benz plants in Alabama next.

Portfolio Pulse from Anthony Noto

April 22, 2024 | 6:31 pm

Last week in consumer tech saw Alphabet's Google employees protest a cloud contract, SpaceX's Elon Musk accepting a challenge from Roscosmos, and a Texas judge halting an investigation into Media Matters. Sony is releasing a new PS5 version, a Star Wars-Fortnite crossover is announced, and Nintendo showcased indie games. EA plans a Black Panther game, and Apple faces a decline in iPhone shipments but explores manufacturing in Indonesia. Huawei launches new smartphones, Meta's Llama 3 AI model excels in tests, and Spotify's AI DJ personalizes music streaming. Amazon's Twitch to launch a TikTok-style feed, and Microsoft's investment in OpenAI won't face EU investigation.

Portfolio Pulse from Lekha Gupta

April 21, 2024 | 3:01 pm

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