Hyundai Motor Gd Stock Price, News & Analysis

Rolls-Royce and Hyundai Motor Group have signed a Memorandum of Understanding (MOU) aimed at advancing Advanced Air Mobility (AAM) through all-electric propulsion and hydrogen fuel cell technologies. This collaboration targets five strategic objectives, including the development of electric propulsion systems powered by hydrogen fuel cells and a joint demonstration of a fuel-cell electric aircraft by 2025. The partnership combines Rolls-Royce's aviation expertise and Hyundai's industrial capabilities to support the goal of achieving net zero carbon emissions in aviation by 2050.

Hyundai Motor has unveiled its first full electric high-performance model, the IONIQ 5 N, set to launch in 2023. Alongside, it premiered two high-performance concepts, RN22e and N Vision 74, which highlight the brand's commitment to electrification. RN22e showcases a racetrack-ready electric design based on IONIQ 6, while N Vision 74 emphasizes hydrogen fuel cell hybrid technology, reflecting Hyundai's sustainable performance leadership. These models represent Hyundai's strategic focus on high-performance electric vehicles and continue the legacy of innovation initiated in 2012.

Hyundai Motor launched the IONIQ 6 Electrified Streamliner, a new all-electric vehicle featuring a 77.4-kWh battery and an estimated range of over 610 km on a single charge. With a focus on efficiency, the IONIQ 6 is expected to consume under 14 kWh/100 km, making it one of the most energy-efficient EVs available. The vehicle includes advanced features like 800-V ultra-fast charging and dual color ambient lighting. Designed on the Electric-Global Modular Platform, it aims to enhance the user experience by offering a spacious and ergonomic interior.

Hyundai's Brute Squad team has been named and their logo launched ahead of the Rebelle Rally, an all-women off-road navigational challenge set to start on October 6 in the deserts of California and Nevada. Team members Jill Ciminillo and Kristin Shaw aim to showcase the 2022 Hyundai Santa Cruz capabilities, which has undergone enhancements for better performance. The team has completed rigorous training and is optimistic about their vehicle's performance, highlighting its ability to navigate tough terrains.

Kristin Gomez, senior group manager at Hyundai Motor America, was honored as Woman of the Year by the National Hispanic Business Women Association for her impactful work in corporate responsibility. The NHBWA highlights women who excel in community service and business achievements. Gomez is actively involved in various initiatives, including supporting at-risk youth through the Orange County Bar Foundation and leading community engagement at Hyundai. This recognition underscores Hyundai's commitment to corporate social responsibility and progress toward sustainable solutions.

Hyundai Motor America reported June 2022 sales of 63,091 units, a 12.9% decrease from June 2021, despite outperforming initial industry forecasts. Q2 sales reached 184,191 units, down 23% year-over-year. The company set new sales records for Tucson HEV and Nexo, with SUV sales making up 76% of the mix. Notably, retail sales for Hyundai’s Santa Fe, Tucson, and Palisade models showed resilience. Hyundai continues to focus on enhancing market share while adapting to consumer demand for SUVs and electrified vehicles.

Hyundai announced changes to its vehicle lineup for the 2023 model year, featuring enhancements to the 2023 Palisade, while other models like the Santa Fe and Tucson will carry over. Notable discontinuations include the IONIQ HEV, Accent, and Veloster N, aiming to streamline their electrified offerings. Hyundai's expanded lineup now includes various electrified vehicles like the IONIQ 5 and Sonata HEV. In 2021, Hyundai sold over 738,000 vehicles in the U.S., with a focus on technology-rich cars and SUVs.

Hyundai has announced that its 2022 IONIQ 5 electric SUV has achieved the TSP+ designation from the Insurance Institute for Highway Safety (IIHS). This recognition adds to Hyundai's impressive total of nine vehicles awarded TSP+ and TSP ratings, marking it as a leader in safety in the automotive industry. The IONIQ 5 features advanced Hyundai SmartSense driver assistance systems, enhancing safety and convenience. Hyundai and Genesis now boast a combined total of 14 TSP/TSP+ models, highlighting their commitment to safety as a core value.

Hyundai Motor Company has unveiled the design of the IONIQ 6, the second model in its dedicated all-electric vehicle lineup. The vehicle features a streamlined design characterized by a low drag coefficient of 0.21, making it one of the most aerodynamic electric vehicles. IONIQ 6 integrates sustainable materials, highlighting Hyundai's commitment to clean mobility. The interior boasts a cocoon-like space with customizable lighting, reflecting the theme of Ethical Uniqueness. The world premiere is set for July, where full specifications and features will be revealed.