Hyundai Motor Gd Stock Price, News & Analysis

Hyundai Motor America reported a 2.2% rise in Q2 2024 sales, totaling 214,719 units. The first half of 2024 saw a 1.2% increase in total sales, reaching 399,523 units. June sales saw a 2.5% decline compared to June 2023, with 67,631 units sold. Notable performances included record June sales for the Elantra HEV, IONIQ 5, Santa Fe HEV, Tucson HEV, and Palisade. Hybrid sales surged by 39% in June, and EV sales increased by 33% YTD. Strong SUV performance, which made up 75% of retail sales, boosted overall results.

Key corporate highlights include the announcement of the 2025 IONIQ 5 as the first vehicle to be produced at the Hyundai Metaplant in Georgia, high rankings in J.D. Power studies, and awards such as 'OEM of the Year' by WardsAuto. Additionally, the IONIQ 5 N set a benchmark at the Pikes Peak International Hill Climb, and the Elantra N TCR secured its fourth consecutive Nürburgring victory.

The J.D. Power 2024 U.S. Initial Quality Study has positioned the Hyundai Santa Cruz as the leading Midsize Pickup in America, based on initial quality. Hyundai's Santa Cruz, Elantra, and Tucson performed notably well, with the Elantra and Tucson securing third place positions in the Compact Car and Compact SUV segments, respectively. Overall, Hyundai improved significantly, moving up seven ranks to third place among mass-market brands, surpassing the average by 19 problems per 100 vehicles (PP100). This study, now in its 38th year, evaluated responses from 99,144 new 2024 model-year vehicle owners within the first 90 days of ownership, assessing quality across 10 categories.

Hyundai's upward trajectory in rankings underscores its dedication to exceptional quality and customer satisfaction, as emphasized by Omar Rivera, Hyundai Motor America's executive director of quality and service engineering. The 2024 study highlights Hyundai's commitment to continuous improvement in vehicle design, engineering, and quality control.

Hyundai Motor Company has introduced the all-electric INSTER, an A-segment sub-compact urban EV, at the 2024 Busan International Mobility Show. The INSTER boasts a targeted driving range of up to 355 km (WLTP) and features a robust exterior, spacious interior, and advanced technology, positioning itself between traditional A-segment city cars and B-segment compact models. Key features include LED lighting, a 10.25-inch digital cluster, a 10.25-inch infotainment touchscreen, and a wireless charging dock. The INSTER can charge from 10 to 80 percent in approximately 30 minutes using a 120 kW DC High-Power charging station. The EV will debut in Korea this summer, with subsequent rollouts in Europe, the Middle East, and Asia Pacific.

Hyundai Motor Group hosted a seminar titled 'From Logic to Magic: 5 Ways to Make Tech Resonate' at Cannes Lions 2024, showcasing technologies like hydrogen energy, autonomous driving, robotics, advanced air mobility (AAM), and advanced materials.

The Group highlighted its innovative Nano Cooling Film, capable of reducing vehicle interior temperatures by up to 10°C without darkening the glass, lowering energy consumption. This technology was first introduced in Lahore, Pakistan, via the 'Made Cooler By Hyundai' campaign, addressing local challenges such as extreme heat and air pollution.

The Cannes Lions Festival, attracting over 13,000 participants from 100+ countries, is a prestigious event for advertising and communications excellence. Hyundai Motor and Kia's efforts emphasize sustainability and innovation through advanced materials.

Hyundai Motor Group has deployed DAL-e Delivery robots and Parking Robots at Factorial Seongsu, a robot-friendly office building in Seoul. The DAL-e Delivery robot autonomously navigates the building, providing efficient delivery services using AI Face Identification technology with 99.9% accuracy. Hyundai WIA's Parking Robot can autonomously park vehicles and increase space utilization. A Smart Parking Control System can manage up to 50 parking robots simultaneously. Starting in Q3, the Parking Robot will also offer EV charging services. Hyundai aims to expand its Robot Total Solution to other buildings, enhancing space innovation and technological advancements.

Hyundai Motor President and CEO Jaehoon Chang has been appointed as the new Co-Chair of the Hydrogen Council, alongside Sanjiv Lamba, CEO of Linde. Chang takes over from Yoshinori Kanehana of Kawasaki Heavy Industries.

Hyundai has been a pioneer in hydrogen technology, with noteworthy achievements such as the first mass production of fuel cell electric vehicles (FCEVs) and heavy-duty hydrogen-powered trucks. At CES 2024, Hyundai announced plans to expand its hydrogen fuel cell brand, HTWO. Recently, Hyundai's XCIENT trucks achieved a cumulative driving distance of 10 million km in Switzerland.

Chang's new role aims to promote the global hydrogen economy, emphasizing international trade and investment. This appointment underscores Hyundai's ongoing commitment to advancing hydrogen technology and the energy transition.

On June 17, 2024, the Hydrogen Council announced Hyundai Motor President and CEO Jaehoon Chang as its new Co-Chair, succeeding Yoshinori Kanehana of Kawasaki Heavy Industries. Chang will join Sanjiv Lamba, CEO of Linde, in steering the Council towards unlocking hydrogen demand and fostering global trade and investment. Hyundai has been a pioneering force in hydrogen technology, achieving several firsts in mass-produced fuel cell electric vehicles (FCEVs). The company’s comprehensive involvement in the hydrogen value chain positions it as a significant leader in the global energy transition. The leadership change was unveiled at the annual CEO event in Berlin, attended by over 200 CEOs and senior executives from leading hydrogen businesses and investors.

Hyundai has secured two top awards at the Midwest Automotive Media Association's (MAMA) Spring Rally in Elkhart Lake, WI. The all-electric 2025 IONIQ 5 N was named Favorite Performance Vehicle, while the Hyundai Santa Fe received the Favorite Family Vehicle award. These accolades were decided by around 100 automotive media members who evaluated approximately 80 new vehicles. Both the IONIQ 5 N and Santa Fe are now candidates for MAMA's Favorite Vehicle of the Year to be announced at the 2025 Chicago Auto Show. Ricky Lao, Hyundai Motor North America's director of product planning, emphasized the honor of being recognized for both their electric and redesigned models.

Hyundai Motor America and Ann & Robert H. Lurie Children's Hospital of Chicago hosted a child safety seat check during the Move for Kids event at Busse Woods Forest Preserve, Elk Grove Village, Illinois, on June 13, 2024. This marks their third such event, where Hyundai donated $50,000 to support the hospital's Buckle Up Child Passenger Safety Program. Certified Child Passenger Safety Technicians (CPST) inspected car seats for proper installation, expiration dates, and recalls. The initiative aims to reduce children’s motor vehicle injuries and fatalities. Hyundai's donation enables the program to provide education and resources, including free replacement seats for families in need.