Hyundai Motor Gd Stock Price, News & Analysis

Hyundai Motor America has announced a donation of $150,000 to the Children's Hospital Los Angeles (CHLA) for its Injury Prevention Program, which focuses on enhancing child passenger and pedestrian safety. This collaboration aims to run more car seat check events and LA Street Smarts initiatives, educating children about safety protocols. Hyundai's initiative, part of its Hyundai Hope corporate social responsibility program, aligns with efforts to reduce injuries and fatalities associated with car crashes and pedestrian incidents.

Notably, almost half of car seats are incorrectly installed, and effective use significantly decreases fatality risks among young children. The partnership will incorporate community education to spread awareness and promote safety practices.

Hyundai Motor America has extended its partnership with One Tree Planted to plant an additional 200,000 trees across North America, bringing the total to 350,000 trees since the partnership began in 2022. The announcement was made during a tree planting event in Denver on Earth Day, April 22, 2023. The initiative aligns with Hyundai's IONIQ Forest project, focusing on sustainability and reforestation.

Hyundai has also donated two IONIQ 6 electric vehicles to support the tree planting efforts. This partnership reflects Hyundai's commitment to combatting climate change and investing in electrification, aiming to introduce 11 new EV models by 2030.

Hyundai Motor has extended its title sponsorship of the World Archery Championships and Archery World Cup for an additional three years, solidifying a decade-long partnership initiated in 2016. The upcoming events will be held in Berlin in 2023 and Gwangju in 2025. Hyundai has also been named the World Archery Federation's first sustainability partner, committing to carbon neutrality and social responsibility goals.

This partnership enhances Hyundai's ongoing support for archery, exemplified by its long-standing relationship with the Korea Archery Association since 1985. The 2023 edition is a key qualifier for the Paris 2024 Olympic Games.

Hyundai Motor America has partnered with AAA insurers to provide insurance options for owners of certain Hyundai vehicles affected by a rise in thefts. This initiative aims to assist customers struggling to obtain auto insurance due to increased criminal activities targeting their vehicles. The insurance program will be available in most states, with details accessible at AAA.com/insurance.

In addition, Hyundai is expediting a free software upgrade to enhance anti-theft measures for nearly 4 million vehicles, available two months earlier than planned. Affected owners can also receive reimbursement for steering wheel locks if their vehicles cannot accommodate the software upgrade. All Hyundai vehicles produced after November 2021 come with engine immobilizers as standard.

DEEPX has announced a strategic partnership with Hyundai Motor Company and Kia Corporation to develop AI semiconductor technology for robot platforms. This collaboration, formalized through a Memorandum of Understanding (MOU) on March 24, 2023, aims to enable mass production readiness of DEEPX's AI chips, crucial for the anticipated growth of the global smart mobility market, projected to reach $145 billion by 2027.

The partnership will leverage DEEPX's four AI semiconductor models, backed by over 150 patents, which are known for high performance and low power consumption. Initial Proof-of-Concept tests demonstrated superior AI accuracy and efficiency, paving the way for AI integration in robotic applications.