Hyundai Motor Gd Stock Price, News & Analysis

Hyundai's new Santa Cruz marks the launch of its first Sport Adventure Vehicle, emphasizing urban and outdoor lifestyles. The marketing campaign, featuring skateboarder Stacy Peralta and locals from Santa Cruz, Calif., showcases the vehicle's versatility. A long-form digital video titled 'Journey Through Santa Cruz' highlights the adventurous spirit of the vehicle alongside notable local figures. The campaign employs digital ads, TV spots during prime time, and influencer partnerships to reach a targeted audience.

Hyundai Motor and Hyundai Electric have signed a Memorandum of Understanding (MOU) to develop a mobile power generator package using Hyundai's polymer electrolyte membrane fuel cell (PEMFC) system. This collaboration aims to create environmentally-friendly alternatives to diesel generators for various industrial applications, including port facilities and construction sites. Hyundai Motor will supply the fuel cell systems and technical support, while Hyundai Electric will focus on commercialization and explore marketing strategies both domestically and internationally.

Hyundai Motor Company announced its plan to deploy 30 hydrogen fuel cell electric heavy-duty trucks in California to enhance air quality, starting in the second quarter of 2023. This initiative includes funding of $22 million from California Air Resources Board and $7 million from local agencies. The XCIENT Fuel Cell trucks have proven commercial viability through over one million kilometers of real-world driving. A 12-month pilot program will also operate two trucks in Southern California, funded by a $500,000 grant from South Coast AQMD. The project aims to establish a zero-emission commercial fleet in the U.S.

Honorary Chairman Mong-Koo Chung of Hyundai Motor Group was inducted into the Automotive Hall of Fame, becoming the first Korean to receive this accolade, during a ceremony held on July 22, 2021. Chung is recognized for transforming Hyundai into the world's fifth-largest automaker. His leadership spurred significant global expansion and quality enhancement across the Group. Notable achievements include the acquisition of Kia Motors and the establishment of new production facilities globally. Chung's vision supports the ongoing commitment to innovation, smart mobility, and progress for humanity.

Hyundai has announced the pricing for its new 2022 Santa Cruz Sport Adventure Vehicle, starting at $23,990. This vehicle combines features of SUVs, trucks, and crossovers, offering a unique design and versatile capabilities for both urban and outdoor environments. The Santa Cruz will be produced in Montgomery, Alabama and is set to hit the market in late July 2021. The standard equipment levels are noteworthy, including wireless Apple CarPlay and Android Auto, alongside an extensive warranty package offering up to 10 years and 100,000 miles for powertrain coverage.

Hyundai Motor Company's Sonata N Line sport sedan is featured in the upcoming Paramount film Snake Eyes: G.I. Joe Origins, debuting on July 23, 2021. The vehicle showcases thrilling car chase sequences, including a dramatic 180-degree drift in Tokyo. Hyundai also plans to release special edition Sonata N Line models, 'Night Edition' in the U.S. and 'The Black' edition in Korea, starting in Q3 2021. This collaboration highlights Hyundai's aim to deliver sporty, accessible vehicles, aligning with its brand vision.

Hyundai Motor America announced record sales in June 2021, achieving 72,465 units sold, a remarkable 45% increase from June 2020. This marks the highest June sales in the company's history and continues a trend of record-breaking months. Retail sales also set new records, with a 36% increase to 66,765 units. Eco-friendly vehicles surged 639%, making up 11% of the retail volume. The company reported all-time highs in Q2 with total sales of 240,005 units, up 69%, and first-half sales of 407,135 units, up 49% compared to 2020.

The Urban Air Mobility Division of Hyundai Motor Group announced a partnership with ANRA Technologies to develop the operating environment for the advanced air mobility (AAM) industry. This collaboration aims to integrate AAM into existing airspace, leveraging ANRA's expertise in drone operations and traffic management. The partnership will focus on creating a consortium for AAM infrastructure and regulatory research, enhancing airspace management solutions through ANRA's SmartSkies platform, which supports scalable operations compliant with global regulations.