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Hyundai Motor Gd (HYMTF) delivers cutting-edge automotive solutions through its global network of manufacturing and innovation hubs. This dedicated news hub provides investors and industry professionals with centralized access to official announcements and market-moving developments.
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Hyundai Motor launches the NorCAL ZERO Project to introduce zero-emission freight transportation in San Francisco Bay and California's Central Valley. Aiming to reduce over 24,000 metric tons of carbon emissions, the project involves deploying 30 Class 8 XCIENT Fuel Cell trucks. Hyundai sees hydrogen as the clean energy solution for commercial vehicles, driving efforts for port decarbonization in the U.S.
Hyundai is leading the industry with nine IIHS 2024 TOP SAFETY PICK recognitions. The 2024 IONIQ 5 upgraded to TOP SAFETY PICK+ while the 2024 Santa Fe and Sonata received TOP SAFETY PICK designations. Parent Company Hyundai Motor Group also leads with 18 IIHS TSP/TSP+ awards. The focus is on enhancing safety features, passing stricter testing criteria, and protecting occupants on roadways.
Hyundai Motor America reported total April sales of 68,603 units, a 3% decrease compared with April 2023. The company experienced record sales for models like IONIQ 5, IONIQ 6, Tucson HEV, Santa Fe HEV, and Palisade. Electric vehicle sales increased by 31%, with a significant uptake in hybrids and battery electric vehicles. Randy Parker, CEO, highlighted the strong performance of Hyundai's electrified sales, especially the IONIQ 5 with a 59% increase. Despite the overall decrease in total sales, Hyundai continues to show growth in the electrified vehicle segment.
Hyundai Motorsport will field its largest team yet at the Nürburgring 24 Hours with three Elantra N TCR cars. The team features top drivers from TCR series, aiming for a fourth consecutive class win. Hyundai also enters an i30N Fastback in another class for the race. The event represents a close connection between Hyundai N and the Nürburgring, showcasing the brand's performance and reliability.
Hyundai recently made donations to local Savannah organizations, focusing on safety, education, and reforestation. Partnerships include Child Passenger Safety Program, STEM scholarships, and reforestation projects. Ceremonial checks were presented to the organizations in Savannah. Hyundai aims to support the community as it prepares for the opening of Hyundai Motor Group Metaplant America.
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