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, KIA ESTIMATES COMBINED Q1 NET PROFIT TO RISE

Highlights –

• Hyundai, KIA estimates combined Q1 net profit to rise.
• The two carmakers estimate solid earnings over robust sales of SUV and high-end models.
• Hyundai expects a net profit of US$1.18 billion in the first quarter.
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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.

HYUNDAI AND AFFILIATE KIA MOTOR REPORTS FALL IN U.S VEHICLE SALES IN 2020

Highlights –

• Hyundai and affiliate Kia Motor reports fall in U.S vehicle sales in 2020.
• Hyundai and Kia combined sold 1,208,374 vehicles in 2020.
• The carmakers' overall sales fell by 12 percent to 6.35 million units from 7.19 mill...

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...

HYUNDAI AND INEOS ENTER INTO MOU FOR MAKING INROADS IN HYDROGEN ECONOMY

• Hyundai Motor Co. and INEOS, one of the world's prime chemical producers headquartered in London, announced on Nov. 23 the signing of a MoU to explore new opportunities to accelerate the global hydrogen economy.
• Hyundai and INEOS will in tandem investigate opportunities for...

HYUNDAI TO TEAM UP WITH LG IN FUTURE CAR INTERIOR DESIGN CONCEPT

• LG Electronics enterprisingly entered into a joint collaboration on an exciting display of car interiors with Hyundai Motor Company, the technology giant said Thursday.
• Nicknamed the “Ioniq Concept Cabin,” the model gives you a window into how futuristic vehicles co...