Hyundai Motor Gd Stock Price, News & Analysis

Hyundai Transys will showcase its innovative mobility seat concept at Milan Design Week from June 6-12, 2022. The concept emphasizes sustainable materials and eco-friendly design, highlighting the shift towards regenerative mobility. In collaboration with partners, Hyundai will also present eco-friendly lifestyle goods to enhance future mobility experiences. This initiative aligns with Hyundai's vision for carbon neutrality and minimization of environmental impact, showcasing a commitment to ethical production and waste reduction.

Hyundai Motor Group (HMG) plans to invest over USD 10 billion in the U.S. by 2025, enhancing its leadership in sustainable and smart mobility solutions. This investment reflects HMG's commitment to innovation and manufacturing in the U.S., supporting the carbon neutrality goals through advanced technologies.

On May 20, HMG announced a USD 5.54 billion facility in Georgia, aimed at producing electric vehicles and batteries. The facility, spanning 2,923 acres, will start production in 2025, targeting an annual capacity of 300,000 units.

Hyundai Motor Group (HMG) plans to invest over USD 10 billion in the U.S. by 2025, focusing on innovation and manufacturing. Announced on May 20, HMG will establish a USD 5.54 billion EV and battery manufacturing facility in Georgia, aiming for an annual production capacity of 300,000 units starting in 2025. This investment supports development in robotics, AI, and autonomous driving, enhancing U.S. manufacturing while contributing to carbon neutrality goals.

Hyundai Motor Group has signed an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in Bryan County, representing an investment of approximately USD 5.54 billion. The facility, expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units, aims to enhance U.S. consumer access to its innovative EVs. The project is anticipated to create about 8,100 jobs and aligns with the Group's strategy to lead the U.S. electrified mobility sector.

Hyundai's IONIQ 5, an all-electric SUV, has been named a Best Buy in Consumer Guide's 2022 awards, highlighting its over 300-mile driving range and appealing design. The IONIQ 5 was recognized despite launching after the initial voting period. Other Hyundai models awarded include the Palisade, Santa Fe, Kona, Venue, and Accent, making it six Best Buy awards in total. Consumer Guide evaluates over 150 vehicles across 20 categories to determine value and performance, making these awards significant for consumers seeking reliable transportation.

Hyundai achieved significant recognition at the Texas Auto Roundup, winning five awards for its vehicles. The IONIQ 5 secured titles as CUV of Texas, Electric Vehicle of Texas, and received the Highest Personal Appeal award. Additionally, its vehicle-to-load (V2L) adaptor was honored with the Best New Feature award. The Elantra N was recognized with the Best Value award. These accolades were determined by a panel of thirty journalists evaluating 33 vehicles based on interior, exterior, value, performance, and appeal.

Hyundai Motor America announced a significant increase in retail sales, achieving 61,668 units sold in April 2022, marking its second-best April ever. Electrified vehicle sales surged by 68% year-over-year, driven by the IONIQ 5, which won multiple awards, including World Car of the Year. Notable records were set for the Elantra Hybrid, Santa Fe Hybrid, Palisade, and Nexo. However, total sales decreased by 20% compared to April 2021. The company also plans to produce the electrified Santa Fe Hybrid in Alabama, enhancing its commitment to electrification.

Hyundai Motor has rapidly expanded its NFT community, reaching 100,000 Discord members within a week. They are set to launch their 'Shooting Star' NFT collection, offering 10,000 Ethereum-based NFTs on May 9-10. Following the successful 'Hyundai x Meta Kongz' NFT sales, the launch includes a 'Reveal' method to unveil the actual NFT images later. This initiative marks Hyundai's entry into the NFT space, promoting its Metamobility universe and engaging with community members through unique offerings.