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

Stellantis N.V. (NYSE:STLA) reported strong earnings for 2023 despite a profit drop in the second half due to a UAW strike. It was the third consecutive year of record results since its formation in 2021, though U.S. sales declined, falling behind Hyundai Motor Company (OTC:HYMTF). Hyundai outperformed Stellantis in U.S. sales, becoming the fourth best-selling automaker. Ford Motor (NYSE:F) and General Motors (NYSE:GM) also reported strong financial results, with Ford reversing a 2022 loss into a 2023 profit and GM posting increased revenue and net income. Stellantis plans to launch 18 new EVs in 2024, aiming for another solid performance year.

Portfolio Pulse from Upwallstreet

February 16, 2024 | 1:36 pm

Hyundai Motor Company (OTC:HYMTF) is launching an electric version of its Casper mini SUV in Europe, priced at approximately $21,515, with a 190-mile range. This move aims to expand Hyundai's electric vehicle portfolio and compete with Tesla and Volkswagen in the European market. The Casper EV, cheaper than Hyundai's Kona EV, is part of Hyundai's strategy to regain market share in Europe and follows its efforts to offer cash bonuses in the US to sidestep tax credit barriers.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 7:53 am

Workers at Hyundai Motor Co.'s Alabama plant have unionized with the UAW, citing poor working conditions and inadequate compensation. This marks the third unionization drive at a Southeastern automaker. The UAW's success follows a campaign that included strikes against the Big Three automakers, resulting in wage increases and workplace reforms. The UAW has also initiated legal action against Honda, Hyundai, and Volkswagen for alleged anti-union tactics.

Portfolio Pulse from Benzinga Neuro

February 01, 2024 | 4:11 pm

Hyundai Motor has entered into a partnership with Iveco to supply Iveco-branded all-electric light commercial vehicles (eLCVs) for the European market. The vehicles will be based on Hyundai's global eLCV platform.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:38 am

General Motors (NYSE:GM) dealers are urging the company to consider hybrid models due to customer hesitancy towards fully electric vehicles (EVs). Dealers are concerned about losing customers to competitors like Toyota (NYSE:TM), Honda (NYSE:HMC), and Hyundai (OTC:HYMTF), who offer hybrids. GM's CEO Mary Barra has not ruled out hybrids but remains committed to EVs. The article suggests that GM's EV focus could challenge dealers, especially with industry trends showing increased hybrid sales. GM shares are up 7.69% in premarket trading.

Portfolio Pulse from Vandana Singh

January 30, 2024 | 12:31 pm

Hyundai Motor Company has sold its Chongqing factory in China for 1.62 billion yuan ($225 million), below the initially listed price of 3.68 billion yuan. The sale to Chongqing Liangjiang District Yufu Industrial Park Construction Investment Ltd. is part of Hyundai's strategy to reevaluate its operations in China's challenging auto market. Despite being the largest market, China accounted for only 5% of Hyundai and Kia's Q3 sales. The lower sale price was a strategic decision to speed up the process.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 11:17 am

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), boasted about the rapid development of Tesla's humanoid robot project, Optimus, claiming it matched and surpassed the achievements of Boston Dynamics in a shorter time frame. Tesla's Optimus, introduced two years ago, has seen significant advancements with its latest Gen 2 version featuring increased walking speed, weight reduction, and improved dexterity. Boston Dynamics, acquired by Hyundai Motor Group (OTC:HYMTF) in 2021, has its own humanoid robot, Atlas, which was first revealed in 2013.

Portfolio Pulse from Anan Ashraf

January 17, 2024 | 10:49 am

Hyundai Motor Co. is offering $7,500 cash incentives for American buyers of its EVs, matching the federal tax credit amount that some Tesla vehicles qualify for. The offer applies to Hyundai's Ioniq 5, Ioniq 6, and Kona Electric models until January 31, 2024. Hyundai's EVs are not eligible for tax credits under the Inflation Reduction Act, but the company has become a significant player in the EV market, with sales surpassing GM and Ford in 2023.

Portfolio Pulse from Anan Ashraf

January 15, 2024 | 11:13 am

Tesla, Inc. (TSLA) has outperformed legacy automakers in U.S. sales growth over the past eight years, despite a general industry slowdown. Elon Musk praised his team in response to a Tesla influencer's post showing Tesla's U.S. sales increase by 632,088 units from 2015 to 2018. Legacy automakers like GM, Ford, and Stellantis reported sales declines, while Hyundai, Kia, Volkswagen, Geely, Subaru, and Mazda saw growth. Tesla's Q4 deliveries hit a record 484,507 units, with annual deliveries of 1.81 million. Tesla's production efficiency, diversified bases, and product appeal contribute to its success, while legacy automakers scale back EV ambitions. BYD has recently surpassed Tesla in battery EV manufacturing. Tesla's stock closed down 2.87% at $227.22.

Portfolio Pulse from Shanthi Rexaline

January 12, 2024 | 6:42 am

In Q4 2023, BYD Company Limited (OTC:BYDDY) outsold Tesla Inc (NASDAQ:TSLA) in EV sales for the first time, although Tesla met its annual goal with 1.8 million deliveries. Hyundai Motor Group (OTC:HYMTF) surpassed GM (NYSE:GM) and Ford (NYSE:F) in U.S. EV sales, with Hyundai and Kia gaining 7.5% of the U.S. market. Honda Motor Co Ltd (NYSE:HMC) and Nissan Motor Group Co Ltd (OTC:NSANY) also reported increased sales. Honda is considering a new EV plant in Canada and has partnered with GM for affordable EVs. Nissan is expanding its global EV presence and focusing on R&D with Tsinghua University.

Portfolio Pulse from Upwallstreet

January 10, 2024 | 8:52 pm

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