Últimas noticias sobre Hyundai Motor (OTC:HYMTF) Bolsa

Hyundai Motor

Hyundai Motor Co is engaged in the manufacturing and distribution of motor vehicles and parts. The business of the group is operated through a vehicle, finance, and other segments. Its vehicle segment is engaged in the manufacturing and sale of motor vehicles. The finance segment operates vehicle financing, credit card processing, and other financing activities. Others segment includes the research and development, train manufacturing and other activities. The company derives majority of the revenue from vehicle segment.

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GM y Hyundai se asocian para reducir costes y acelerar el desarrollo de vehículos eléctricos e hidrógeno. Acciones de GM suben 1,05%.

GM explora la asociación con Hyundai y expande la red de EVgo

HYUNDAI MOTOR REG S by Hyundai Motor Co., Ltd.

Hyundai Motor Co

Hyundai Motor Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) disclosed that it sold 1.07 million vehicles globally in the fourth quarter, down 2.2% year-over-year.
Sales in Korea declined 4.6% 189,405 units, owing to slow demand and supply chain disruptions on heavy snowfall, while sales in markets outside of Korea fell 1.6% Y/Y to 876,834 <a target="_blank" href="https://www.hyundai.com/worldwide/en/newsroom/detail/0000000897" rel="noreferrer noopener">units</a> in fourth quarter.
In fourth quarter, global electrified vehicle sales (including commercial vehicles) rose 21% to 209,641 units, thanks to sales growth in the North American region. EVs accounted for 53,035 units, while hybrids (HEVs) accounted for 145,732 units.
In the fourth quarter, operating profit dipped 17.2% to KRW 2.82 trillion (~$1.9 billion) due to increased sales warranty provision resulting from a weaker KRW and higher incentives.
Revenue increased 11.9% Y/Y to KRW 46.62 trillion in the fourth quarter, with an operating profit margin of 6.1%.
In the fourth quarter, the company witnessed a net profit (including non-controlling interest) of KRW 2.47 trillion (+12.3% Y/Y).
Overall, the company sold 4.14 million vehicles worldwide in 2024, down 1.8% from 2023, with revenue rising 7.7% to KRW 175.2 trillion. For 2024, the company sold 757,191 electrified models (+8.9% Y/Y).
Operating profit in 2024 declined 5.9% to KRW 14.24 trillion, with an operating profit margin of 8.1%. Hyundai Motor saw a net profit of KRW 13.23 trillion (+7.8% Y/Y) in 2024.
Hyundai Motor plans to pay a year-end dividend of KRW 6,000 per common share, resulting in total payout of KRW 12,000 per common share for 2024.
Outlook: Hyundai Motor expects consolidated revenue growth of 3%–4%, operating profit margin of 7%–8% and total vehicle sales exceeding <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">4.17 million units for 2025</a>.
The automaker plans investments of KRW 16.9 trillion for 2025, including KRW 8.6 trillion in capital expenditure, KRW 6.7 trillion in R&amp;D, and KRW 1.6 trillion in strategic investments.
In another development, Hyundai Motor is in talks with General Motors Company to supply commercial electric vehicles, as it anticipates sales growth to slow by half this year amid weakening demand, reported Reuters.
Read Next:
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<li><a href="https://www.benzinga.com/node/42993822" target="_blank" rel="noreferrer noopener">South Korea&#8217;s Hyundai, Kia Collectively Sold More EVs In US Than Ford In 2024</a></li>
</ul>
Photo via Shutterstock.

Earnings

Media

Hyundai Clocks Mixed Q4: Revenue Climbs 12% While Operating Profit Slips On Warranty Costs

South Korea&#8217;s Hyundai Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) and Kia Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KIMTF#OTC">KIMTF</a>) collectively overtook Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) in EV sales in the U.S. last year, according to recent data from automotive research company Kelley Blue Book.
What Happened: Hyundai sold 61,727 EVs in the U.S. in 2024 while Kia sold 56,099, taking their collective numbers to 117,826 units. 
American brand Ford, in the meantime, sold only 97,865 EVs, including its three EV models Mustang Mach-E, F-150 Lightning, and E-Transit. 
Other Top Sellers: The top-selling EV brand in the U.S. in 2024 was Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) which sold about 634,000 EVs. Ford was the second-best-selling individual brand.
General Motors Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) <a href="https://www.benzinga.com/tech/25/01/42801755/gm-overtakes-ford-ev-sales-in-q4-with-equinox-ev-sells-670-units-of-escalade-iq-priced-at-130000">brands</a> Brightdrop, Cadillac, Chevrolet, and GMC collectively sold only 114,426 EVs, less than Hyundai and Kia together.
Best-selling models: The Ioniq 5 was Hyundai&#8217;s best-selling EV in the year while the EV9 was Kia&#8217;s.
Hyundai sold over 44,000 units of the Ioniq 5 last year, effectively placing it in the fourth position among best-selling EVs after the Tesla Model Y, Model 3, and the Ford Mustang Mach-E. 
Tesla&#8217;s latest addition to its lineup &#8211; <a href="https://www.benzinga.com/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">the Cybertruck</a> &#8211; took the place of the fifth best-selling EV in the country, overtaking Ford&#8217;s F-150 Lightning electric pickup.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">Cybertruck Success Comes At A Cost: Tesla Sells Nearly 39,000 Units In 2024, But Luxury Model S And X Sales Take A Hit In US, Data Shows</a></li>
</ul>
Photo courtesy: Hyundai

Tech

KIMTF

TSLA

South Korea's Hyundai, Kia Collectively Sold More EVs In US Than Ford In 2024

South Korean markets showed resilience Wednesday as President Yoon Suk Yeol was taken into custody, with the benchmark KOSPI rising 0.40% to 2,507.35 amid heightened political uncertainty.
Yoon, 64, was detained at 10:33 a.m. local time by a joint probe team investigating allegations related to his December martial law declaration, marking an unprecedented arrest of a sitting South Korean president. 
The arrest came after an initial failed attempt on Jan. 3 that resulted in a standoff between investigators and presidential security, <a href="https://www.koreaherald.com/article/10390439">reported</a> The Korean Herald.
Despite the political upheaval, major South Korean stocks held steady. SK Hynix Inc. led the gains, climbing 2.31% to 1,99,800 South Korean won ($136.90). Samsung Electronics Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) rose 0.37% to 54,100 South Korean won ($37.06), while KB Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KB#NYSE">KB</a>) gained 0.90%, reaching 89,500 South Korean won ($61.31). Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) saw a slight decline of 0.23%, trading at 2,21,500 South Korean won ($151.76). 
The iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>), a key indicator for U.S. investors, gained 0.94% on Tuesday.
The Korean won remained stable against the U.S. dollar, trading at 1,460.52 South Korean won, down marginally by 0.063%. 
The arrest warrant for President Yoon, which expires Jan. 21, includes charges of power abuse and insurrection. The investigation is led by the Corruption Investigation Office for High-ranking Officials.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

Government

Markets

SSNLF

South Korean President Yoon Suk Yeol Arrested — KOSPI Edges Higher Despite Political Upheaval, Won Stable

The companies will collaborate in diverse areas, including adopting accelerated computing, generative AI, and industrial digitalization technologies, across the Hyundai Motor Group's business value chain.

Hyundai Enters Strategic Partnership With NVIDIA To Accelerate Development Of Advanced AI Technologies

<ul>
<li>Hyundai Motor Group celebrates New Year at Hyundai Motorstudio Goyang, emphasizing open communication with employees at flagship space ... Executive Chair Euisun Chung highlights the need to face challenges head on at 2025 New Year's Remarks, strengthening the Group's vision ... Key HMG executives held 'roundtable', discussing the future global business environment and the Group's vision following questions from employees</li>
<li>Executive Chair Chung underscores the need for perspective in facing difficulty, emphasizing innovation and overcoming challenges is part of the Group's DNA ... Preparation and fundamental capabilities are key Hyundai Motor Group assets to help navigate and embrace change ... Agile responses to unexpected challenges through flexible processes and a culture of unified action to achieve collective goals</li>
<li>Open culture where talent can thrive and teamwork is further strengthened to underscore the Group's resilience and focus on opportunities for growth ... Ensuring an environment where creative and enthusiastic individuals can demonstrate their capabilities to the fullest</li>
</ul>

Hyundai Motor Group Executive Chair Euisun Chung Unveils 2025 Vision Focused on Innovation, Resilience, And Opportunity Creation

A South Korean court has approved the detainment of President Yoon Suk Yeol over his imposition of martial law earlier in the month.
What Happened: On Tuesday (local time), the Seoul Western District Court issued a warrant against Yoon on charges of masterminding a failed martial law declaration, orchestrating an insurrection, and abusing power, according to <a href="https://www.koreatimes.co.kr/www/nation/2024/12/356_389449.html">The Korea Times</a> report. The Corruption Investigation Office applied for the warrant after Yoon ignored three requests for an appearance from the anti-corruption agency for questioning.
The court warrant grants the CIO 48 hours to detain Yoon for questioning and seek an arrest warrant. However, the Presidential Security Service has blocked investigators from accessing both the presidential office compound and Yoon&#8217;s official residence, citing concerns over military security.
Although Yoon has presidential immunity from criminal prosecution, this protection does not extend to charges of insurrection or treason. Yoon&#8217;s defense team contends that the CIO does not have the legal authority to investigate insurrection, a charge that, under the current system, falls within the investigative jurisdiction of the police.
Yoon was suspended from his duties after the opposition-controlled National Assembly voted to impeach him on December 14 for imposing martial law, which was overturned by a parliamentary vote just six hours later. The Constitutional Court has initiated proceedings to decide whether to remove the incumbent from office or reinstate him, with a ruling expected within 180 days beginning Dec. 14.
See Also: <a href="https://www.benzinga.com/news/24/12/42714291/anthony-scaramucci-tells-musk-to-stick-to-business-heres-musks-musical-response?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Tells Elon Musk To ‘Stick To Business'—Here's Musk's Bold Response</a>
Why It Matters: The impeachment and potential arrest of President Yoon Suk Yeol is the culmination of a series of events that started with his controversial&nbsp;<a href="https://www.benzinga.com/news/global/24/12/42292488/south-korean-etfs-slide-on-presidents-emergency-martial-law-declaration-protect-the-constitutional-democratic-order">declaration of martial law</a>&nbsp;on Dec. 3. This move, which Yoon justified as a measure against anti-state activities, led to a significant drop in South Korean ETFs and widespread protests across the country.
In mid-December, South Korean lawmakers, including several members of Yoon&#8217;s own People Power Party (PPP), <a href="https://www.benzinga.com/markets/equities/24/12/42497084/south-korean-lawmakers-impeach-yoon-over-martial-law-attempt">voted to impeach him</a> over his martial law attempt. The Constitutional Court now has 180 days to ratify the impeachment, which could result in Yoon&#8217;s removal from office.
The Korea Composite Stock Price Index was seen trading lower by 0.22% at 2,399.49 at the time of writing. Shares of major South Korean companies like Samsung Electronics Co. Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) and Hyundai Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) were in the red. Korean memory giant SK Hynix Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCL#OTC">HXSCL</a>) also traded lower in Seoul.
Image via Shutterstock
Did You Know?
Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

HXSCL

South Korean President Yoon Suk Yeol Faces Arrest Over Martial Law Declaration

Hyundai Motor America (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) on Monday said that the company&#8217;s existing EV owners will get free adapters to charge on Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) supercharger network in the first quarter of 2025.
What Happened: The adapters will allow Hyundai EV owners to charge their vehicles at more than 20,000 Tesla superchargers in the U.S., the company said. Adapters will also be available to purchase at authorized dealers, it added.
Owners of the model year 2024 and earlier KONA electric, Ioniq, Ioniq 5, and Ioniq 6 as well as model year 2025 Ioniq 6, Ioniq 5N, and Kona electric will be eligible to get free adapters.
These vehicles have a Combined Charging System (CCS) charge port, necessitating the use of an adapter to charge on Tesla's supercharger network equipped with North American Charging Standard (NACS.)
Why It Matters: Hyundai USA&#8217;s model year 2025 Ioniq 5 comes with a NACS port, meaning it would not need an adapter to charge on Tesla&#8217;s supercharger network. 
In Oct. 2023, Tesla CEO Elon Musk <a href="https://www.benzinga.com/news/23/10/35347614/elon-musk-predicts-inevitable-adoption-of-this-tesla-tech-by-all-major-automakers-to-the-well-organi">expressed his conviction</a> that the widespread adoption of Tesla's North American charging standard (NACS) by&nbsp;<a href="https://www.benzinga.com/news/23/09/34338382/honda-joins-ford-gm-volvo-in-adopting-teslas-ev-charging-standard" target="_blank" rel="noreferrer noopener">all major automakers</a>&nbsp;is "inevitable."
Several automakers have signed up to adopt Tesla&#8217;s charging standard including Ford, General Motors, and Rivian Automotive. 
According to Tesla, <a href="https://www.benzinga.com/markets/equities/24/12/42505310/tesla-prepares-for-holiday-rush-tapping-into-global-supercharger-demand-to-drive-revenue-growth">its superchargers make up three of four fast chargers</a> in North America. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/12/42640472/tesla-exec-bemoans-cost-of-sending-letter-to-owners-affected-by-ev-giants-recent-recall-of-nearly-700000-vehicles" target="_blank" rel="noreferrer noopener">Tesla Exec Bemoans Cost Of Sending Letter To Owners Affected By EV Giant's Recent Recall Of Nearly 700,000 Vehicles</a></li>
</ul>
Photo courtesy: Tesla

Tesla Supercharger Network Opens Up For Hyundai EV Owners Starting Q1 2025

<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42307586/bitcoin-dumped-and-recovered-in-south-korea-amid-political-turmoil-an-arbitrage-opportunity-that-wasnt">Political uncertainty surrounding</a> South Korean President Yoon Suk Yeol has spurred heated activity on prediction market Polymarket on Wednesday.
What Happened: <a href="https://polymarket.com/event/south-korean-president-impeached-in-2024?tid=1733326929469">Data</a> from the prediction market shows a 37% probability of Yoon being impeached before the end of 2024.
Another Polymarket question <a href="https://polymarket.com/event/yoon-out-as-president-of-south-korea-in-2024?tid=1733326929195">gives</a> a 29% chance of Yoon being removed from office, underscoring heightened political instability in the country.
This uncertainty has already rippled through <a href="https://www.benzinga.com/news/global/24/12/42306717/south-korean-markets-plunge-amid-political-turmoil-as-president-yoons-martial-law-u-turn-sparks-uncertainty-samsung-sk-hynix-and-hyundai-stocks-tumble">South Korea's financial markets</a>.
Key technology and industrial stocks have taken a hit, with Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) down 1.12%, NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>) slipping 0.061%, and Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) falling 0.70%. 
The turmoil has also affected U.S.-listed South Korean equities, with Posco Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) dropping 4.36% in regular trading before seeing a slight recovery after hours. 
South Korean ETFs in the U.S., including the iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>) and Franklin FTSE South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLKR#NYSE">FLKR</a>), also saw mixed performances, signaling broader market apprehension.
The situation has also impacted the South Korean won, which weakened by 0.21% against the U.S. dollar, trading at 1,416.65. 
Analysts noted that South Korea&#8217;s crucial role in global supply chains, particularly in semiconductors and automotive production, amplifies the stakes of this political drama.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42317460/vladimir-putin-says-nobody-can-ban-bitcoin-stresses-crypto-will-develop-one-way-or-the-other">Vladimir Putin Says &#8216;Nobody Can Ban Bitcoin,&#8217; Stresses Crypto Will Develop &#8216;One Way Or The Other&#8217;</a>
Why It Matters: The cryptocurrency market, too, felt the shockwaves.
Major coins like Bitcoin and Ethereum plunged on Upbit, South Korea&#8217;s largest crypto exchange, trading at a steep discount compared to international markets. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped as low as $71,800 on Upbit compared to $95,500 on Coinbase, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) fell to $2,700 on Upbit before recovering. 
The Korea Premium Index, which tracks price differences between South Korean and global exchanges, dipped to -14.67 during the chaos, signaling significant retail selling pressure.
However, the situation stabilized after President Yoon reversed his martial law decision following parliamentary pushback, with Bitcoin and Ethereum rebounding to align more closely with global prices. 
Analysts noted this episode's divergence from the traditional "Kimchi Premium," where South Korean crypto prices often trade at a significant premium.
Historical patterns add further context to the political stakes. 
South Korea has a tumultuous history of leadership changes, with several former presidents either overthrown, impeached, or imprisoned. 
Yoon's presidency, marked by controversy and challenges, now faces increasing scrutiny and the potential for <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42307586/bitcoin-dumped-and-recovered-in-south-korea-amid-political-turmoil-an-arbitrage-opportunity-that-wasnt">a similar fate</a>.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42317024/bitcoin-ethereum-etfs-recorded-over-800-million-in-inflows-on-tuesday">Bitcoin, Ethereum ETFs Recorded Over $800 Million In Inflows On Tuesday</a></li>
</ul>
Photo: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

FLKR

HXSCF

NVDA

South Korea's President To Be Impeached In 2024? Polymarket Traders Are Unsure

South Korean markets traded sharply lower on Wednesday following a dramatic political upheaval that saw President Yoon Suk Yeol briefly impose and then quickly withdraw martial law <a href="https://www.benzinga.com/news/global/24/12/42301885/south-korea-etfs-won-pare-losses-as-yoon-makes-u-turn-on-martial-law-declaration">after facing parliamentary opposition</a>.
What Happened: The benchmark Kospi index fell 1.15% to 2,471.27, while the tech-heavy Kosdaq 100 dropped 2.64% as of 9:49 am local time, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
The political uncertainty particularly affected major technology and industrial stocks, with Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) declining 1.12%.
NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier SK Hynix (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HXSCF#OTC">HXSCF</a>) saw its shares drop 0.061%. Other industrial heavyweights also suffered, with Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) falling 0.70% and U.S.-listed Posco Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) declining 4.36% to $47.77 on Tuesday&#8217;s regular session. Still, the stock recovered marginally in after-hours trading.
U.S.-based funds tracking South Korean equities showed signs of recovery in after-hours trading, with the iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>) rebounding 0.25% after earlier losses exceeding 6%. The Franklin FTSE South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLKR#NYSE">FLKR</a>) gained 0.53% after hours.
The political turbulence also impacted currency markets, with the South Korean won weakening 0.21% against the U.S. dollar to 1,416.65. 
The market reaction highlights South Korea&#8217;s crucial role in global supply chains, particularly in semiconductor manufacturing and automotive production, where many companies serve as essential suppliers to major U.S. firms.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/12/42305773/key-stocks-etf-to-watch-as-french-government-faces-no-confidence-vote">Key Stocks, ETF To Watch As French Government Faces No-Confidence Vote</a></li>
</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

South Korean Markets Plunge Amid Political Turmoil As President Yoon's Martial Law U-Turn Sparks Uncertainty: Samsung, SK Hynix, And Hyundai Stocks Tumble

<ul>
<li>Wearable robot 'X-ble Shoulder' to boost industrial efficiency and reduce musculoskeletal injuries</li>
<li>Designed to assist overhead work by enhancing upper arm muscle strength, expected to find use in various industries</li>
<li>The strong yet lightweight X-ble Shoulder enhances worker comfort by reducing shoulder load by 60% and muscle activity by 30%</li>
<li>Hyundai Motor and Kia's Robotics LAB announced commercialization plan for X-ble Shoulder, expected to begin deliveries in first half of 2025</li>
</ul>

Reported Wednesday, Hyundai And Kia To Debut 'X-ble Shoulder' In 2025, Cutting Muscle Activity And Enhancing Worker Comfort For Overhead Tasks

Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) and Kia Corp are together recalling over 208,000 electrified vehicles in the U.S. citing concerns about a loss of driving power, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
What Happened: The recall population includes 145,235 Hyundai vehicles and 62,872 vehicles from its sister company Kia. 
The integrated charging control unit in the vehicles may become damaged and stop charging the battery, resulting in a loss of drive power, the U.S. auto safety regulator said. A loss of drive power may increase the risk of a crash, it added. 
The vehicles included in the recall are certain IONIQ 5, IONIQ 6, Genesis GV60, Genesis GV70 Electrified, Genesis G80 Electrified, <a href="https://www.benzinga.com/news/24/04/38246262/need-a-new-ev-deal-kia-offers-dealers-cash-to-make-room-for-2024-models">and Kia EV6</a>. 
Why It Matters: As for a solution, the company&#8217;s dealers will inspect and replace the charging unit and its fuse if necessary, NHTSA said. 
The company is not aware of any crashes, injuries, fatalities, or fires due to the issue in the U.S.
Earlier this month, Hyundai promoted  Jose Munoz, its U.S. chief and global COO, to<a href="https://www.benzinga.com/tech/24/11/42004380/hyundai-gears-up-for-trumps-return-to-white-house-elevates-us-chief-jose-munoz-to-co-ceo-appoints-former-us-diplomat-to-manage-external-affairs"> the position of co-CEO </a>as part of its strategic preparation for potential challenges that could arise under a second Trump administration.
A second Trump presidency is expected to have a significant impact on the automotive industry, and on EVs in particular with the president-elect promising to impose higher tariffs on imports into the U.S. and vowing to remove incentives for the manufacturing of EVs. 
However, Munoz said in an interview with CNBC on Thursday that the company continues to be optimistic about the future of electric vehicles, <a href="https://www.benzinga.com/24/11/42132485/hyundais-incoming-ceo-is-steadfast-on-evs-says-tesla-ceo-elon-musks-proximity-to-trump-will-be-good-for-industry">irrespective of incentives</a>. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Image via Hyundai

Hyundai, Kia Recall Over 208,000 Electrified Vehicles In US: Here's More

South Korean automaker Hyundai Motor Co&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) incoming CEO Jose Munoz is optimistic about the future of electric vehicles despite fears of EV tariffs and incentives getting dropped or reduced under the upcoming Donald Trump presidency.
What Happened: Hyundai decided to make a big investment in America during the previous Trump administration before the introduction of the Inflation Reduction Act (IRA) which provides incentives for the manufacturing of electric vehicles in the U.S., Munoz said in an <a href="https://www.youtube.com/watch?v=1E3zF6S2JaQ">interview </a>with CNBC. 
&#8220;The fact that Elon Musk is so close to Trump is probably good for electric vehicles, not bad. We are not planning our business based on incentives. We want to produce really great vehicles with great features,&#8221; he said. Munoz&#8217;s appointment as co-CEO of Hyundai will be <a href="https://www.benzinga.com/tech/24/11/42004380/hyundai-gears-up-for-trumps-return-to-white-house-elevates-us-chief-jose-munoz-to-co-ceo-appoints-former-us-diplomat-to-manage-external-affairs">effective from January. </a>
Why It Matters: In November 2023, Hyundai announced that it would <a href="https://www.benzinga.com/news/23/11/35768916/hyundai-announces-25-wage-hike-for-alabama-and-georgia-production-team-amid-labour-unrest">invest $12.6 billion in EV and battery manufacturing facilities in Georgia</a>, making it its largest investment outside South Korea. The first electric vehicle rolled off the assembly line in Georgia in October. 
Earlier this week, the company unveiled its Ioniq 9 three-row SUV which will roll out in the U.S. early next year. The Ioniq 9 will be up against other 3-row SUVs from rival automakers including Lucid Motors and General Motors and will be manufactured in Georgia. 
Hyundai now aims to have a lineup of 23 EV models by 2030.
Meanwhile, Wedbush analyst Dan Ives said Trump&#8217;s plan to get rid of consumer tax credits for EVs is actually not positive for Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Eliminating the EV tax credit could pose a major challenge to the United States&#8217; EV transition. However, Musk, a prominent supporter of Trump, has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">reportedly expressed his support </a>to Trump's team for ending the EV tax credit.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Image via Flickr

Tesla CEO Elon Musk's Proximity To Trump Will Benefit EV Industry, Says Incoming Hyundai CEO As He Shrugs Off Potential Tariff Threats

Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) has promoted Jose Munoz, its U.S. chief and global COO, to the position of co-CEO. This marks a historic moment as Munoz becomes the first foreign national to achieve such a rank within a major South Korean conglomerate. The decision is part of Hyundai&#8217;s strategic preparation for potential challenges that could arise under a second Trump administration.
What Happened: Munoz has played a crucial role in driving record sales for Hyundai in North America. He will now join three other co-CEOs, including Euisun Chung, the executive chair and grandson of Hyundai&#8217;s founder. Despite his elevation, Munoz will remain subordinate to Chung and Chang Jae-hoon, who is set to become group vice chair overseeing the automotive division.
See Also: <a href="https://www.benzinga.com/trading-ideas/24/11/41958626/tesla-short-sellers-down-8-billion-since-2024-election-and-there-could-be-more-pain-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Short Sellers Down $8 Billion Since 2024 Election — And There Could Be More Pain Ahead</a>
The leadership changes are aimed at enhancing Hyundai&#8217;s global competitiveness and preparing for uncertainties in the business landscape. Additionally, the automaker has appointed Sung Kim, a former U.S. diplomat, to manage global external affairs. Kim was a former U.S. diplomat and was part of a team assisting Donald Trump during his first term at a summit with North Korean leader Kim Jong Un.
Why It Matters: The appointment of Munoz comes at a time when the potential return of Trump to the U.S. presidency <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41755274/trump-win-could-hinder-tech-ev-sector-growth-slow-the-pace-of-ai-revolution-analyst">could significantly impact</a> the automotive industry. According to a group of Wedbush analysts, a Trump win could hinder growth in the technology and electric vehicle sectors, potentially slowing the pace of the AI revolution.
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Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Hyundai Gears Up For Trump's Return To White House: Elevates US Chief Jose Munoz To Co-CEO, Appoints Former US Diplomat To Manage External Affairs

<ul>
<li>Muñoz to lead Hyundai Motor Company's global business</li>
<li>Continues to serve on the Hyundai Motor Company Board of Directors</li>
</ul>
Hyundai Motor Company (HMC) today announced the appointment of José Muñoz as the company's President and CEO, effective Jan. 1, 2025. Muñoz will lead Hyundai Motor Company's global business, succeeding current President and CEO Jaehoon Chang, who has been promoted to the Vice Chair of Hyundai Motor Group – Automotive Division.

Management

HYMLF

Reported Earlier, Hyundai Motor Company Names José Muñoz As President And Chief Executive Officer, Effective January 1, 2025

BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) shares are trading<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> relatively flat in the morning session on Thursday.</a>
Yesterday, the company announced that Hyundai Mobis, a subsidiary of the Hyundai Motor Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>), has selected BlackBerry QNX<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/ac41793335/hyundai-mobis-selects-blackberry-qnx-to-power-next-generation-digital-cockpit-platform" rel="noreferrer noopener"> to power its next-generation digital cockpit platform.</a>
Hyundai Mobis will use BlackBerry&#8217;s QNX Hypervisor for Safety&nbsp;and&nbsp;QNX Advanced Virtualization Frameworks&nbsp;(QAVF) for its next-generation digital cockpit platform.
&#8220;With BlackBerry QNX technology underpinning our next generation digital cockpit platform, together we are helping to deliver a smarter and more technologically sophisticated future for drivers and passengers alike, without sacrificing safety, security or reliability,&#8221; said Sung-Hoon Lee, SVP of Sales Division at Hyundai Mobis.
QNX&#8217;s foundational software supports digital cockpits and advanced driver assistance systems (ADAS) to infotainment systems and domain controllers at lower cost.
Also Read:<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m" rel="noreferrer noopener"> Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But &#8216;Sharp&#8217; Correction Might Be In Store: Analyst Views BTC Between $80-90K By End Of Year</a>
&#8220;We&#8217;re confident that automakers worldwide will embrace Hyundai Mobis&#8217; cutting-edge digital cockpit platform as they enhance the safety and personalization of the in-car experience,&#8221; said Dhiraj Handa, VP, Asia Pacific region at BlackBerry QNX.
On October 31, BlackBerry announced an expansion of its long-standing collaboration by inking a pact of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/ac41650377/blackberry-qnx-introduces-software-defined-functional-safety-platform-in-collaboration-with-intel" rel="noreferrer noopener">BlackBerry QNX with Intel Corporation</a>.&nbsp;
Last month, the company announced details of profitability for its IoT and Cybersecurity divisions, including&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41364627/why-blackberry-shares-are-gaining-today" rel="noreferrer noopener">strategic options for the Cylance business.</a>
BlackBerry projected FY25 cyber revenues between $350 million and $365 million and optimistic about achieving break-even results, signaling a potential turnaround after previous challenges.
In a press release dated<a target="_blank" href="https://www.blackberry.com/us/en/pdfviewer?file=/content/dam/bbcomv4/blackberry-com/en/company/investors/financial-reports/2025/q22025/Q2-FY25-Earnings-Press-Release.pdf" rel="noreferrer noopener"> September 26</a>, the company said it expects FY25 revenues of $591 million – $616 million.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, BB stock has lost 39% in the past year.
Price Action: BB shares are trading higher by 0.31% to $2.297 at last check Thursday.
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BlackBerry Powers Up: Hyundai Mobis Chooses QNX For Next-Gen Digital Cockpit

Reported Earlier, BlackBerry QNX Chosen By Hyundai Mobis For Advanced Digital Cockpit Platform, Enabling Safer, Smarter Driving

<ul>
<li>Hyundai Motor Company and Toyota Motor Corporation host inaugural &#39;Hyundai N x TOYOTA GAZOO Racing Festival&#39;, bolstering motorsport culture in&nbsp;South Korea</li>
<li>Hyundai Motor Group Executive Chair&nbsp;Euisun Chung&nbsp;and Toyota Chairman&nbsp;Akio Toyoda&nbsp;actively participate in dynamic vehicle show runs</li>
<li>The festival features a variety of high-performance vehicles from both companies, including Hyundai&#39;s IONIQ 5 N Drift Spec and Toyota&#39;s GR YARIS Rally 1 HYBRID</li>
<li>Hyundai Motor continues to develop South Korean motorsport culture with latest event, building on past initiatives spanning more than two decades</li>
</ul>

Reported Sunday, Hyundai And Toyota Unite To Boost Motorsport Culture With Inaugural 'N x GAZOO Racing Festival' In South Korea

Volkswagen's (OTCPK:VWAGY) chief marketing officer and head of product strategy for China, Jochen Sengpiehl, was deported from China after testing positive for cannabis during a mandatory customs drug test. The test was conducted after Sengpieh's return from a vacation in Koh Samui, Thailand.
After routine test results revealed traces of marijuana in his system, Chinese authorities detained Sengpiehl for questioning, reportedly holding him for more than 10 days, <a href="https://www.wardsauto.com/volkswagen-group/volkswagen-official-deported-from-china-for-cannabis-use">writes</a> wardsauto. Per the reports, Chinese President Xi Jinping ordered his deportation.
The creator of VW's famous slogan "Das Auto," Sengpiehl played a crucial role in positioning the company's electric-vehicle business in a highly competitive Chinese market. He previously worked for top brands like Nissan (OTCPK:NSANY), DaimlerChrysler and Hyundai (OTCPK:HYMTF). 
Thailand decriminalized cannabis in 2022 and <a href="https://www.benzinga.com/markets/cannabis/24/04/38023610/heres-what-you-need-to-know-about-weed-legalization-in-germany-that-just-took-effect">Germany partially legalized it this past April</a>, However, in China, cannabis consumption is treated with zero tolerance.
Following the liberalization of cannabis laws in Thailand, tourists primarily from Asian countries like Japan, Malaysia, China and the Philippines are viewed as <a href="https://www.benzinga.com/markets/cannabis/24/07/39922637/thailand-will-not-re-criminalize-cannabis-prime-minister-agrees-to-regulate-industry-instead-wha">common as cannabis customers</a>. Singapore&#8217;s Central Narcotics Bureau announced plans to randomly test people returning from Thailand. China&#8217;s embassy in Thailand also cautioned Chinese tourists that consuming cannabis abroad could lead to penalties upon their return, as such actions are considered domestic violations.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/09/40832311/inside-the-thai-retreat-with-cannabis-infused-wellness-treatments-that-target-insomnia-and-more">Inside The Thai Retreat With Cannabis-Infused Wellness Treatments That Target Insomnia And More</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h2 class="wp-block-heading">VW In China</h2>
Volkswagen is under pressure from local manufacturers like BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), a publicly listed Chinese multinational manufacturing conglomerate. Last year, BYD overtook Volkswagen as China's best-selling car brand.
In September, Volkswagen partnered with the German start-up Revoltech GmbH to research and develop sustainable materials <a href="https://www.benzinga.com/markets/cannabis/24/09/40689578/volkswagen-considers-hemp-to-develop-sustainable-substitute-for-imitation-leather">based on industrial hemp.</a> These could be used as sustainable surface materials in Volkswagen models from 2028.
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Price Action
Volkswagen shares closed Monday's market session 0.10% lower at $10.20 per share.
 Photo: Gyuszko-Photo on Shutterstock

Cannabis

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VWAGY

Volkswagen Executive Deported From China After Positive Cannabis Test

<ul>
<li>Hyundai Motor Group and&nbsp;Nanyang Technological University,&nbsp;Singapore&nbsp;collaborate in the field of hydrogen energy and advanced energy system</li>
<li>The partnership aims to advance towards carbon neutrality through joint research with world-renowned NTU</li>
<li>HMGICS,&nbsp;NTU and A&#x2A;STAR to establish a tripartite Corporate Lab Program for collaborative research in AI, robotics and 3D printing</li>
</ul>

Reported Earlier, Hyundai And NTU Singapore Launch Joint Research On Sustainable Energy And Manufacturing Solutions

On Friday, Hyundai Motor Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) and Waymo by Google parent Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) announced in a joint statement that they have entered into a multi-year strategic collaboration. The initial phase involves integrating Waymo&#8217;s sixth-generation autonomous technology, known as the &#8220;Waymo Driver,&#8221; into Hyundai&#8217;s all-electric IONIQ 5 SUV.
What Happened: The IONIQ 5 vehicles will be manufactured at Hyundai&#8217;s new EV facility in Georgia and will join the Waymo One fleet. The companies aim to produce a significant volume of these vehicles over several years to support Waymo One&#8217;s expansion. Testing of the Waymo-enabled IONIQ 5 is expected to commence by late 2025, with availability to riders following in subsequent years, according to PRNewswire.
Waymo&#8217;s co-CEO, Tekedra Mawakana, expressed enthusiasm about the partnership, highlighting Hyundai&#8217;s commitment to sustainability and electric vehicles. José Muñoz, president and global COO of Hyundai, emphasized the shared vision of enhancing safety, efficiency, and convenience in transportation. The collaboration marks the beginning of further joint efforts between the two companies.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41157836/teslas-cybercabs-could-be-a-potential-ride-sharing-disruptor-says-analyst-heres-wha?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s &#8216;Cybercabs&#8217; Could Be A Potential Ride-Sharing Disruptor, Says Analyst: Here&#8217;s What Investors Can</a>
Chang Song, President of Hyundai&#8217;s Advanced Vehicle Platform Division, noted that the partnership aligns with Hyundai&#8217;s autonomous vehicle foundry initiative, which aims to support global autonomous driving companies with advanced vehicles.
The announcement comes ahead of Tesla&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41181089/tesla-robotaxi-event-might-have-3-product-announcements-but-will-likely-be-light-on"> Robotaxi event slated</a> for Oct. 10 where CEO Elon Musk is expected to reveal three vehicles.
Why It Matters: The collaboration between Hyundai and Waymo signifies a significant step in the autonomous vehicle industry. This comes at a time when Waymo&#8217;s expansion into autonomous ride-hailing services is gaining momentum. In a recent <a href="https://www.benzinga.com/markets/equities/24/09/40855784/uber-stock-spikes-as-ceo-praises-waymos-fully-autonomous-trips">partnership with Uber</a>, Waymo plans to launch autonomous ride-hailing services in Austin and Atlanta by early 2025. This collaboration will involve Uber managing a fleet of Waymo&#8217;s fully autonomous, all-electric Jaguar I-PACE vehicles.
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Image via press release
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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Ahead Of Tesla Robotaxi Event, Alphabet's Waymo Partners With Hyundai For Autonomous Taxi Expansion

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Hyundai Motor Group Partners with NVIDIA to Accelerate Development of AI Solutions for Future Mobility

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Hyundai Wins Nine 2025 Car and Driver Editors' Choice Awards

Four Hyundai Models Earn "2025 Best Cars for the Money" Awards from U.S. News & World Report

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