HYUNDAI MOTOR’S NET PROFIT FOR Q1 ROSE TO $1.36 BILLION

Highlights –

• Hyundai Motor’s net profit for Q1 rose to $1.36 billion.
• The result is said to have exceeded the median forecast of 1.32 trillion won.
• Hyundai plans to focus on promoting the IONIQ 5 all-electric model.
• I...

HYUNDAI TO ESTABLISH HIGH-SPEED CHARGING EV CHARGING STATIONS

Highlights –

• Hyundai to establish high-speed charging EV charging stations.
• The charging infrastructure will be under the name of “E-pit”.
• The charging stations will be able to charge 80% of their EV battery capacity in 18...

S. KOREA’S EXPORTS OF AUTOMOBILES INCREASE BY 35 PERCENT IN FEBRUARY

Highlights –

• S. Korea’s exports of automobiles increase by 35 percent in February.
• In February, outbound shipments of automobiles were 161,886 units.
• Hyundai saw overseas sales increase by 40.4 percent in terms of units.
...

HYUNDAI MOTOR’S IONIQ 5 PREORDERS EXCEED 23,000 UNITS

Highlights –

• Hyundai Motor’s IONIQ 5 preorders exceed 23,000 units.
• The company’s first model embedded with Hyundai Motor Group’s own EV-only E-GMP received 23,760 unit preorders.
• Hyundai revealed the IONIQ 5 midsize...

S. KOREAN COLLECTIVE CARMAKER’S SALES ON SUVs ROSE 4.8 PERCENT IN JANUARY 2021

Highlights –

• S. Korean collective carmaker’s sales on SUVs rose 4.8 percent in January 2021.
• The data is by Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp., and SsangYong Motor Co.
• Domestic sales of the ...

HYUNDAI REPORTS 2020 Q4 NET PROFIT TO RISE BY 78% AMID THE PANDEMIC

Highlights –

• Hyundai reports 2020 Q4 net profit to rise 78% amid the pandemic.
• Net profit jumped to 1.37 trillion won from 772 billion won.
• The car company’s operating profit rose 41 percent to 1.64 trillion won in Q4.

HYUNDAI AND KIA EXPECT TO POST DOUBLE-DIGIT GROWTH IN Q4 OPERATING PROFIT

Highlights –

• Hyundai and Kia expect to post double-digit growth in Q4 operating profit.
• Hyundai is likely to post an operating profit of 1.71 trillion won in Q4.
• Kia is reportedly expected to post 4.4 percent to 16.82 trillion won.

KIA MOTOR UNION AGREE ON TENTATIVE WAGE DEAL DUE TO THE PANDEMIC

Highlights –

• Kia Motor union agree on a tentative wage deal due to the pandemic.
• The company had proposed the wage system, and its 30,000 labor union members accepted the proposal.
• The tentative deal will be put up for a vote next Tue...

HYUNDAI MOTOR CO. AND KIA MOTORS ASSUME FOURTH PLACE IN GLOBAL EV SALES

• Hyundai Motor Co. and KIA Motors Corp. have been placed fourth in global electric vehicles in the January-September period of 2020.
• Market Research Company SNE Research said on Nov. 23 that Hyundai and Kia sold an aggregate total of 130,000 electric vehicles, including pure ele...