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

The CNBC Tech podcast episode on eVTOLs highlights the industry's potential and challenges. With a projected market value of $1 trillion by 2040, companies globally are developing these electric vertical take-off and landing vehicles. Regulatory support and overcoming infrastructure and safety concerns are crucial for industry growth. eVTOL startups like Archer Aviation and Joby Aviation are at the forefront, while firms like New Horizon Aircraft and Hyundai Motor, along with XPeng Aeroht, a subsidiary of XPeng Inc., are advancing the technology.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 2:54 pm

Kia Corporation, an affiliate of Hyundai Motor (OTCPK: HYMTF), has appointed renowned auto designers Oliver Samson and Seungmo Lim as Senior Chief Designers for its Europe and China Design Centers, respectively. Both designers have extensive experience with leading automakers, including Mercedes, Geely, Nio Inc, Changan Automobile, and BMW. Their recruitment is part of Kia's strategy to elevate its electric vehicle (EV) design, focusing on the development of smaller, more affordable EVs like the EV5, EV4, and EV3, priced between $35,000 and $50,000.

Portfolio Pulse from Anan Ashraf

March 27, 2024 | 8:49 am

Hyundai Motor Co., Ltd. (OTC:HYMTF) and Kia America have initiated a recall of 147,100 vehicles in the U.S. due to concerns with the Integrated Charging Control Unit (ICCU) that may stop charging the 12-volt battery, potentially leading to a loss of drive power and increasing crash risk. Hyundai is recalling 98,878 vehicles, including certain Ioniq and Genesis models, while Kia is recalling 48,232 vehicles, specifically certain EV6 models. This follows a September 2023 recall of over 3.3 million vehicles by both companies due to fire risks. HYMTF shares have fallen 5.76% to $56.51.

Portfolio Pulse from Lekha Gupta

March 22, 2024 | 4:48 pm

Ford Motor (NYSE:F) reported expanding EV sales, including its electric F-150 Lightning. Tesla (NASDAQ:TSLA) and Rivian (NASDAQ:RIVN) face production challenges, with Rivian betting on an affordable SUV. Nissan (OTC:NSANY) is in talks with Fisker for electric pickups. Worksport Ltd. (NASDAQ:WKSP) announced solar-powered accessories for electric pickups, targeting major brands like Ford, General Motors (NYSE:GM), Hyundai (OTC:HYMTF), and potentially Tesla's Cybertruck.

Portfolio Pulse from Upwallstreet

March 07, 2024 | 5:51 pm

Ford Motor (NYSE:F) reported a 10.5% increase in U.S. sales for February, driven by a surge in EV and hybrid vehicle sales. General Motors (NYSE:GM) announced a pilot program for developing hydrogen fuel trucks and an H2 microgrid. Stellantis N.V. (NYSE:STLA) revealed a record investment plan in South America, aiming for carbon net zero by 2038 and market dominance. Volkswagen (OTC:VWAGY) and Hyundai Motor Company (OTC:HYMTF) also made significant investments in the region.

Portfolio Pulse from Upwallstreet

March 06, 2024 | 8:26 pm

Kia, owned by Hyundai Motor Co (OTC:HYMTF), has increased its discount on the 2024 EV9 models to $5,000, potentially reducing the starting price to $51,395. This move aims to stay competitive in the EV market against rivals like Ford and Nissan, amidst high demand and dealer markups. The discount is part of Kia's broader strategy to boost EV sales, influenced by South Korea's new EV policy to support domestic automakers against competitors like Tesla and BYD Co.

Portfolio Pulse from Benzinga Neuro

March 06, 2024 | 7:55 am

Hyundai Motor has launched 'Timeless Seoul' in ZEPETO, a 3D avatar-based social networking platform, allowing users to experience the 1970s and 1980s in South Korea themed around the PONY, Korea's first independently developed car. This initiative is part of Hyundai's global brand heritage campaign, which includes offline events in ASEAN countries alongside the online content launch.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:50 am

Hyundai Motor Company has selected Ansys (NASDAQ:ANSS) as a preferred supplier for structural simulation solutions, specifically Ansys Mechanical™ and Ansys LS-DYNA™, for next-generation vehicle body system analysis. This decision comes after an 18-month competitive evaluation, highlighting Ansys' superior market strategy, predictive accuracy, and product development commitment. The collaboration aims to enhance vehicle safety and comfort through advanced simulation tools.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:08 pm

Kia Corporation (OTC:KIMTF) has announced a significant price reduction for its EV models in South Korea, including the EV6, EV9, and Niro EV, by up to $10,000. This move is part of the 'EV Festa' initiative, aimed at increasing EV production and sales in response to new government subsidies and to stay competitive against rivals like Tesla and BYD. The price cuts are also in alignment with South Korea's new EV policy to support local automakers.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 5:35 am

Tesla Inc (TSLA) and Nvidia Corporation (NVDA) are highlighted for their advancements in AI and semiconductors, crucial for EV development. Tesla's in-house AI chip efforts pose a potential challenge to Nvidia. Worksport partners with Infineon Technologies (IFFNNF) to enhance its portable power stations and solar-powered tonneau covers, aiming to support EVs like Ford Motor's (F) F-150 Lightning. Infineon bets on the AI boom to boost chip sales, despite a cautious outlook for 2023/2024.

Portfolio Pulse from Upwallstreet

February 23, 2024 | 4:35 pm

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