Hyundai Motor Gd - HYMTF STOCK NEWS

Hyundai Motor Group announced the inauguration of Euisun Chung as Chairman, succeeding Mong-Koo Chung, who becomes Honorary Chairman. The unanimous decision was supported by the boards of Hyundai Motor, Kia Motors, and Hyundai Mobis. Euisun Chung aims to transform the Group with a customer-centric focus, emphasizing innovation in autonomous driving, electrification, and hydrogen fuel cells. The Group will prioritize employee empowerment and a healthier corporate culture. This leadership transition is expected to address market uncertainties and enhance mobility solutions.

Hyundai Motor Group has announced the groundbreaking of the Hyundai Motor Group Innovation Center in Singapore (HMGICS) during a virtual ceremony attended by key officials, including Singapore's Prime Minister Lee Hsien Loong. The HMGICS, slated for completion by the end of 2022, aims to innovate the future mobility value chain, focusing on customer-centered electric vehicle manufacturing and exploring new business concepts like battery-as-a-service. This facility will utilize AI, IoT, and robotics for a digital and customer-focused manufacturing environment.

Hyundai Motor Company has successfully launched its XCIENT Fuel Cell heavy-duty trucks in Europe, delivering the first seven units to Swiss customers. This marks the company's expansion into the North American and Chinese markets, with plans to increase production capacity to 2,000 units annually by 2021. To support this growth, Hyundai is investing USD 1.3 billion, complementing a previous investment of USD 6.4 billion. The company aims to have over 12,000 fuel cell trucks on U.S. roads by 2030 and 27,000 units in China, targeting key hydrogen hubs.

Hyundai Motor Company will unveil the XCIENT Fuel Cell heavy-duty truck, the world's first mass-produced fuel cell truck, at a digital event on October 14 at 10:00 a.m. KST. This event will feature leaders from Hyundai's Commercial Vehicle Business Division discussing their roadmap for clean commercial mobility. The XCIENT Fuel Cell is designed for eco-friendly transport, equipped with a 350-bar hydrogen tank offering a range of 400 km and rapid refueling of 8-20 minutes. Hyundai plans to roll out 1,600 fuel cell commercial vehicles by 2025, supporting a future hydrogen society.

At Auto China 2020, Hyundai showcased its electrification vision and high-performance electric vehicles, including the RM20e racing midship sports car and the Prophecy concept EV. The all-new Tucson and Elantra were also presented to Chinese customers. Hyundai's commitment to eco-friendly mobility was emphasized by President Albert Biermann, highlighting their capabilities in hybrid, battery electric, and fuel cell technologies. The IONIQ EV lineup plays a crucial role in their 'Strategy 2025' roadmap, further asserting Hyundai's ambition as a Smart Mobility Solution Provider.

Hyundai unveiled the electrified RM20e Racing Midship Sports Car at the Beijing International Automotive Exhibition on September 25, 2020. The RM20e features a powerful 596 kW (810 horsepower) electric motor and 960 Nm (708 lb-ft) of torque, achieving 0-100 kph in under three seconds. Built on the RM development platform, this model highlights Hyundai's commitment to high-performance electrification, supported by past RM models and strategic partnerships. The company aims for 44 eco-friendly models by 2025, showcasing ambitions for sustainability in the performance sector.

Hyundai Motor Company has unveiled the 2021 Sonata N Line, a sporty addition to its midsize sedan lineup. This new model, based on Hyundai's 'Sensuous Sportiness' design, features an aggressive exterior with a bold front fascia, air intakes, and signature N Line styling. The Sonata N Line aims to attract customers seeking performance and sporty design. With features like 19-inch alloy wheels and a dynamic interior with N Line accents, it enhances the Sonata's appeal and positions Hyundai's N brand as a desirable entry point for performance-oriented buyers.

Hyundai Motor and UNDP have launched the inaugural for Tomorrow initiative, promoting sustainable innovations to address global challenges. The project aims to crowdsource solutions aligned with the 2030 Sustainable Development Goals (SDGs). Following an online signing ceremony involving key stakeholders, including actress Jessica Alba, the initiative invites public proposals from October 2020 to April 2021. The partnership emphasizes collaboration to enhance sustainable mobility and lifestyles, engaging local innovators and creating actionable insights to combat climate change and socio-economic issues.

Hyundai Motor Company has launched the all-new Hyundai Tucson, its fourth-generation compact SUV, available in both short and long wheelbases to cater to global customer preferences. With over 7 million units sold since 2004, the Tucson combines cutting-edge design, roominess, and various powertrains including internal combustion, hybrid, and plug-in hybrid options. The model will debut in Korea in September 2020 and in the U.S. and other markets as a 2022 model in early 2021. The launch aims to enhance Hyundai's SUV offerings with advanced features and exceptional fuel efficiency.