Hyundai Motor Gd Stock Price, News & Analysis

Hyundai Motor has made a groundbreaking entry into the NFT market, becoming the first automaker to establish a community-based NFT platform. This initiative includes the launch of an official website and social media channels on Discord and Twitter, which opened on April 15, 2022. The company released a short film introducing the 'Metamobility Universe' concept in collaboration with the NFT brand 'Meta Kongz.' Hyundai will issue 30 limited NFTs starting April 20, 2022, with profits directed towards project management and community members.

Hyundai unveiled the 2023 Palisade SUV at the New York International Auto Show. The refreshed model features a striking design and advanced technologies, including a 12-inch navigation system, WiFi hotspot, and new driver assistance technologies like Remote Smart Parking Assist and Highway Driving Assist. The interior boasts upgrades such as heated third-row seats and a driver's Ergo Motion seat. The Palisade is powered by a 3.8-liter V6 engine delivering 291 horsepower. The SUV is set to arrive at dealers this summer, promising enhanced comfort and safety for families.

The Hyundai IONIQ 5 achieved significant recognition at the 2022 World Car Awards, winning titles including World Car of the Year, World Electric Vehicle of the Year, and World Car Design of the Year. This all-electric crossover, launched in 2021, is built on the advanced E-GMP platform and symbolizes a new design era for Hyundai, featuring 'Parametric Dynamics'. With plans to release 17 new battery electric vehicle models by 2030, Hyundai aims to position itself as a leading EV maker, targeting annual BEV sales of 1.87 million units by the same year.

Hyundai has revealed teaser images of the upgraded 2023 Palisade SUV, set to debut globally at the New York International Auto Show on April 13, 2022, at 9:45 a.m. EDT. The design enhancements include a wider cascading grille, new vertically-connected LED lights, and multi-spoke alloy wheels, aiming to elevate its premium appearance. Hyundai sold over 738,000 vehicles in the U.S. in 2021, with nearly half produced at its Alabama manufacturing facility. For more details, visit www.hyundaiusa.com.

Hyundai Motor America achieved a record-breaking retail sales of 159,676 units in Q1 2022, marking a 1.4% increase from Q1 2021. Despite a 4% decline in total sales, the company's electrified vehicle sales surged by 241%. March 2022 alone saw sales of 59,380 units, representing the third-best March in the company's history, with a 179% year-over-year growth in electrified vehicle sales. Hyundai has notably increased its market share, outperforming the forecasted 14.8% decline in total industry sales.