Hyundai Motor Gd Stock Price, News & Analysis

The 2023 Palisade has been recognized as one of Autotrader's Best New Cars for 2023, marking it as one of only 11 vehicles to receive this honor. Evaluated by expert editors, the selection process considered various criteria, including interior comfort, build quality, tech features, and driving experience. The Palisade features fresh exterior and interior designs, maintaining its position as a leading family vehicle. Olabisi Boyle, vice president at Hyundai Motor North America, highlighted the vehicle's design appeal and innovative features, while Autotrader's Brian Moody praised its significant updates, including a new rugged XRT trim and luxury options such as a massaging driver's seat.

Hyundai Motor Company's IONIQ 6 has achieved remarkable recognition, winning the World Car of the Year, World Electric Vehicle, and World Car Design of the Year awards at the New York International Auto Show. This follows the success of the IONIQ 5 in 2022. The IONIQ 6 features impressive specifications, including a 614 km WLTP-rated range and ultra-fast charging capabilities, providing a 10-80% charge in just 18 minutes. As part of its electrification strategy, Hyundai aims to introduce 17 new battery electric vehicle models by 2030, reinforcing its commitment to becoming a leading player in the EV market.

Hyundai Motor America launched the IONIQ 5 Disney100 Platinum Concept car at the New York Auto Show on April 5, 2023, in celebration of Disney's 100th anniversary. This vehicle, created in collaboration with Walt Disney Imagineering, features unique Disney-inspired visuals, including lighting, music, and special accents. Hyundai is the exclusive automotive sponsor for Disney100, marking a significant marketing collaboration. The limited edition concept's details will be revealed later this year. The initiative aims to enhance customer engagement through a creative blend of automotive design and Disney magic.

The all-new 2024 Kona Electric and N Line models were unveiled at the New York International Auto Show, showcasing a focus on electrification. The Kona Electric features a long-range 64.8-kWh battery, providing an estimated range of 260 miles based on preliminary internal tests. It includes advanced capabilities like vehicle-to-load (V2L) and smart regenerative systems. The second-generation Kona boasts enhanced safety features and a larger interior. Customers can expect the 2024 Kona models in U.S. dealerships this summer, with the Kona Electric available in late fall. This launch is part of Hyundai's strategy to introduce 11 new EVs by 2030.

Hyundai Motor America reported record-breaking total and retail sales in March and Q1 2023. Total sales rose by 27% in March compared to March 2022, totaling 75,404 units. This marks the fifth consecutive month of setting total sales records. In Q1, total sales reached 184,449 units, a 16% year-over-year increase. Retail sales also increased by 15% in March, reaching 68,312 units. Noteworthy performers included Venue (+74%), Elantra HEV (+37%), and Tucson HEV (+52%). Hyundai's eco-friendly vehicle sales accounted for 17% of retail sales. March fleet sales formed 9.4% of total sales.

Hyundai N is conducting extreme winter testing for its all-electric, all-wheel-drive IONIQ 5 N in Arjeplog, Sweden. This model is set to debut in July 2023 as the brand's first high-performance mass-production EV, enhancing Hyundai's electrification strategy. The testing environment, featuring sub-zero temperatures and icy surfaces, allows engineers to ensure optimal performance and safety. The IONIQ 5 N is designed to meet rigorous performance criteria, marking a significant milestone in N's mission for sustainable electric performance vehicles. Further details will be disclosed leading up to the global launch.

On March 29, 2023, Hyundai's IONIQ 5 received the Top Pick Family EV award from Cars.com, marking its second accolade from the platform, following its designation as Best EV of 2023. The IONIQ 5, built on the exclusive Electric-Global Modular Platform (E-GMP), boasts a competitive EPA-estimated range of 220-303 miles and is one of the fastest-charging EVs tested by Cars.com. According to Ricky Lao, Hyundai's director of product planning, the IONIQ 5's spacious interior and advanced features make it an ideal choice for families and cargo transportation.

On March 23, 2023, Hyundai Motor America announced a $50,000 donation to the Banner Health Foundation aimed at constructing a new Play Zone at the Diamond Children's Medical Center in Tucson, Arizona. This initiative is part of Hyundai's corporate social responsibility program, Hyundai Hope, which focuses on enhancing the well-being of communities. The Play Zone will provide a supportive environment for pediatric patients, helping them cope with medical treatment through recreational and therapeutic play. This donation underscores Hyundai's commitment to community support and children's health in Arizona.