Hyundai Motor Company

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Hyundai Motor Co., Ltd. engages in the manufacture and distribution of motor vehicles and parts. It operates through the following segments: Vehicle, Finance, and Others. The Vehicle segment offers motor vehicles. The Finance segment provides financing, leasing and credit cards. The Others segment includes the manufacture of railways. The company was founded on December 29, 1967 and is headquartered in Seoul, South Korea.

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Revised tax incentives for electric vehicles are part of the Inflation Reduction Act, the landmark climate law that President Joe Biden signed in August.

Some electric vehicles from BMW, Nissan, Hyundai and Volkswagen will no longer get federal tax credits

Hyundai Mobis (KRX 012330) has succeeded in developing the world's first rollable display for automotive applications. Users can adjust the display size depending on situation purpose. The display takes up a minimal amount of space, which, in turn, is expected to significantly improve the automotive interior design.

Hyundai Mobis develops the world's first rollable vehicle display

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The United States Treasury updated its list of electric vehicles eligible for a $7,500 EV tax credit per its new rules for battery sourcing, and BMW, Nissan, Rivian, Hyundai, Volvo and Volkswagen are no longer on it.

BMW, Rivian, Hyundai, Volvo lose access to EV tax credit

Hyundai Motor Company has secured naming rights to World Archery Federation's premier international events, the World Archery Championships and Archery World Cup, for three additional years. The agreement announced today extends through the 2025 season to complete a 10-year partnership that began in 2016.

Hyundai Motor Extends Partnership with World Archery through 2025, Targeting a Decade of Title Sponsorships

FOUNTAIN VALLEY, Calif., April 13, 2023 /PRNewswire/ -- Hyundai Motor America and independently operated AAA insurers today announced a program to offer insurance options in most states (specifics below) for owners of certain Hyundai vehicles without push-button ignitions and immobilizing anti-theft devices. Under the program, AAA insurers will issue new and renewal policies for eligible affected Hyundai customers. Consumers can visit AAA.com/insurance to receive a quote.

Hyundai and AAA Insurers Collaborate to Offer Insurance Options for Customers Affected by Method of Theft Popularized on TikTok

The auto makers haven't done enough to make the cars harder to steal, the cities say.

Cities Sue Hyundai, Kia After Wave of Car Thefts

Hyundai Motor Group will invest 24 trillion won (~$18 billion) in South Korea's electric vehicle industry through 2030, the company said Tuesday. The news comes a week after Kia, which falls under the Hyundai umbrella, announced its own 32 trillion won (~$24 billion) investment into electrification and future business areas.

Hyundai Motor to invest $18B in South Korea's EVs by 2030

It's another sign that the entire auto industry is going all-in on EVs.

In the EV Race, Hyundai and Kia Want a Podium Finish

- Dedicated plant for electric purpose-built vehicles (PBV) with yearly capacity of 150,000 units - The plant to mass produce battery-electric PBVs in second half of 2025 - Plant to showcase flexible production by adopting smart innovations, such as efficient 'cell method' of manufacturing - An innovative factory that pursues low carbon footprint, intelligence, and human-centered principles - Hyundai Motor Group announces aim to become one of the world's top 3 EV manufacturers by 2030 - The Group also outlines plans to invest KRW 24 trillion in the domestic EV industry by 2030

Kia starts building facility for electric purpose-built vehicle (PBV) production

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Global electric car sales Feb. 2023 were up 49% YoY to 14% share. China sales up 56% YoY to 33% share. Europe up 14% YoY to 20% share. EV market news - EV demand sentiment was weighed on by some automakers in China heavily discounting ICE vehicles in advance of new emissions standards due July 1, 2023.

EV Company News For The Month Of March 2023

IONIQ 6 honored by World Car Awards at New York International Auto Show The Electrified Streamliner is the second straight Hyundai IONIQ model to sweep three major World Car Awards following IONIQ 5's triple wins in 2022 IONIQ 6 can charge 10-80 percent in just 18 minutes, offers a WLTP-rated range of 614 km1 and features Vehicle-to-Load technology As a smart mobility solutions provider, Hyundai Motor plans to introduce 17 battery electric vehicle models by 2030 NEW YORK and SEOUL, South Korea , April 5, 2023 /PRNewswire/ -- Hyundai Motor Company's acclaimed IONIQ 6 Electrified Streamliner has won the prestigious World Car of the Year, World Electric Vehicle and World Car Design of the Year for 2022, lauded by an international jury for its unique aerodynamic design and outstanding all-electric range. World Car Awards revealed the results at a ceremony held at the New York International Auto Show (NYIAS) today.

Hyundai IONIQ 6 Sweeps World Car of the Year, World Electric Vehicle and World Car Design of the Year

First-of-its-Kind Creative Collaboration Between Walt Disney Imagineering and an Auto Manufacturer Car Features Disney-Inspired Visual Elements, Including Accents, Music and Lighting Hyundai is the Exclusive North American Automotive Sponsor for Disney100 Celebration NEW YORK , April 5, 2023 /PRNewswire/ -- In celebration of Disney's 100th anniversary, Hyundai Motor America unveiled its special IONIQ 5 Disney100 Platinum Concept car at the New York Auto Show. The car features special Disney-inspired visual accents and entertainment including lighting and iconic Disney music.

Hyundai Reveals IONIQ 5 Disney100 Platinum Concept at New York Auto Show

It's no secret that Hyundai's design department is kind of the one to beat right now. But when the redesigned 2024 Hyundai Kona goes on sale this summer, this compact crossover's upgrades are more than just skin-deep.

The 2024 Hyundai Kona will be one the most affordable cars with over-the-air updates

Electric, Limited and Kona N Line Models Revealed in Kona's North American Debut Kona Electric, With a Long-Range 64.8-kWh Battery, Delivers an Estimated Range of 260 Miles Based on Preliminary Internal Hyundai Test s (i) Kona Electric Offers Vehicle-to-Load (V2L) Capability, i-PEDAL Driving Mode, Smart Regenerative System, and Active Grille Shutters NEW YORK , April 5, 2023 /PRNewswire/ -- Hyundai today revealed the all-new 2024 Kona Electric, Limited, and N Line models in its North American debut at the New York International Auto Show. The all-new Kona is positioned as an upscaled multiplayer in the small SUV segment, led by an all-electric variant that offers advanced safety, convenience, and outstanding electric range of 260 miles based on preliminary Hyundai internal estimates.

All-New 2024 Hyundai Kona Revealed at New York International Auto Show

Hyundai Sets New Q1 Total and Retail Sales Record; Q1 Total Sales Increased 16% March Total Sales Increased 27%; Fifth Consecutive Month With A Total Sales Record March Retail Sales Up 15% All-Time Best-Ever Records for Santa Cruz and Santa Fe HEV FOUNTAIN VALLEY, Calif. , April 1, 2023 /PRNewswire/ -- Hyundai Motor America reported total March sales of 75,404 units, a 27% increase compared with March 2022 and the best March in Hyundai history.

Hyundai Motor America Reports Record-Breaking March and Q1 2023 Sales

Spikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was spread by how-to videos on social media, has reached America's biggest city.

Hyundai and Kia theft trend has reached New York City

Hyundai N is testing the all-electric, all-wheel-drive IONIQ 5 N under extreme arctic winter conditions in Arjeplog, Sweden IONIQ 5 N is planned to debut in July 2023 as N brand's first high-performance mass-production EV, further accelerating Hyundai's electrification future N brand releases the first teaser of IONIQ 5 N signaling a shift in brand evolution with a new lineup of high performance electric vehicles ARJEPLOG, Sweden , March 30, 2023 /PRNewswire/ -- Hyundai Motor Company revealed details about the extreme winter testing of IONIQ 5 N, the first high-performance, mass-production all-electric N brand model at the Hyundai Mobis Proving ground in Arjeplog, Sweden.  Given its position adjacent to the Arctic Circle, the Hyundai Mobis Proving ground in Arjeplog offers everything an automaker needs for comprehensive winter testing, such as low-grip coefficient icy surfaces and deep sub-zero temperatures as low as -30°C (-22°F).

-30° Celsius North! Hyundai's IONIQ 5 N High-performance EV Prototype Conquers Extreme Arctic Environment

Owners of the latest recalled rides will be notified by May to take their car to a dealer for a free repair.

Hyundai and Kia issue another recall warning certain cars may catch fire

DETROIT — Hyundai and Kia are telling the owners of more than 571,000 SUVs and minivans in the U.S. to park them outdoors because the tow hitch harnesses can catch fire while they are parked or being driven.

Hyundai, Kia recall vehicles due to fire risk, say to park outside

SCOTTSDALE, Ariz. , March 23, 2023 /PRNewswire/ -- Hyundai Motor America donated $50,000 to the Banner Health Foundation to help build a Play Zone at Diamond Children's Medical Center in Tucson, Arizona.

Hyundai Donates $50,000 to Help Build the Play Zone at Diamond Children's Medical Center

Advent Technologies Holdings

BOSTON & SEOUL--(BUSINESS WIRE)--Hyundai Motor Company today announced a successful technology assessment with Advent Technologies Holdings, Inc. (“Advent”), an innovation-driven leader in the fuel cell and hydrogen technology sectors. The assessment evaluated Advent's proprietary Membrane Electrode Assembly (“MEA”) technology for supplying Hyundai's high-temperature fuel cell needs, and following its success, the two companies have entered into a Joint Development Agreement (“JDA”).

Hyundai Motor Company and Advent Technologies Sign Joint Development Agreement Following Successful Fuel Cell Technology Assessment

Upcycled couture collection by Jeremy Scott made with discarded materials from Hyundai Motor's electric vehicles 'Hyundai Re:Style Exhibition' to be held for the first time in Korea starting March 23, in line with the global launch of the all-new KONA Electric 'Re:Style Archive Exhibition' also showcased in collaboration with model Lauren Wasser SEOUL, South Korea , March 21, 2023 /PRNewswire/ -- Hyundai Motor Company has announced 'Re:Style 2023' with renowned designer Jeremy Scott. 'Re:Style,' now in its fourth year, is an eco-friendly upcycled fashion platform with internationally acclaimed designers to transform automotive waste into fashion items.

Hyundai Motor Presents Re:Style 2023 with Global Designer Jeremy Scott

Hyundai Mobis developed the in-wheel system enabling independent control of all four wheels, which has not mass produced yet in the industry. It enhances power efficiency by reducing the driving system components, and driving performance by controlling of all wheels independently.

Hyundai Mobis Develops the In-wheel System, an Electric Motor Inside the Wheels

Five Female STEM Students to Receive a $10,000 USD College Scholarship Each Applications due June 30, 2023 FOUNTAIN VALLEY, Calif. , March 8, 2023 /PRNewswire/ -- To celebrate International Women's Day, Hyundai Motor America has announced that applications for its third-annual Hyundai Women in STEM Scholarship are now open.

Hyundai Launches Third-Annual Women in STEM Scholarship

BLOOMINGDALE, Ga. — The South Korean company PHA, which makes latches, hinges and other parts for vehicle doors and hoods, will become the sixth major supplier to locate near a Hyundai Motor Group plant being built in coastal Georgia.

News for Hyundai Motor Company Stock (HYMTF)