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HYUNDAI MOTOR REG S - HYMTF STOCK NEWS

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Hyundai Motor Company, a global automaker based in South Korea, is known for its innovative approach to electric and hydrogen mobility. With a focus on sustainability, Hyundai has made significant strides in developing fuel cell electric vehicles (FCEVs) and supporting a hydrogen economy. The company recently announced collaboration plans with Gran Turismo, unveiled the IONIQ 5 N TA Spec for motorsport events, and continues to invest in the future of mobility with cutting-edge technologies.

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Hyundai Motor Group has signed a collaborative research agreement with Nanyang Technological University, Singapore (NTU) to focus on hydrogen energy and advanced energy systems. The three-year partnership aims to develop alternative energy sources for carbon neutrality, leveraging Hyundai's technologies suitable for Singapore's unique characteristics.

Key research areas include studying the adoption of hydrogen production technologies in Singapore, such as Hyundai's innovative Plastic-to-Hydrogen (P2H) and Waste-to-Hydrogen (W2H) systems. The collaboration will also develop an advanced energy system suited for urban countries like Singapore, offering easy installation and high safety levels through its modular design.

Additionally, Hyundai Motor Group Innovation Center Singapore (HMGICS) has established a tripartite Corporate Lab Program with NTU and the Agency for Science, Technology, and Research (A*STAR) to conduct research in AI, robotics, and 3D printing for innovative manufacturing.

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Hyundai Motor and Toyota Motor are set to co-host the 'Hyundai N x TOYOTA GAZOO Racing Festival' on October 27, 2024, at Everland Speedway in Yong-in, South Korea. The event will showcase both companies' rally cars, high-performance models, and future-oriented prototypes. Notable attendees include Euisun Chung, Hyundai Motor Group Executive Chair, and Akio Toyoda, Toyota Motor Chairman.

The festival will feature vehicles from Hyundai's World Rally Championship program, including the i20 N Rally 1 Hybrid and i20 N Rally 2, as well as production models like the IONIQ 5 N and Elantra N. Toyota will present its GR YARIS Rally 1 Hybrid, GR Yaris Rally 2, GR Supra, and GR86. Future-oriented prototypes such as Hyundai's IONIQ 5 N Drift Spec and hydrogen-powered N Vision 74 will also be on display.

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Hyundai Motor Company and Waymo have announced a multi-year, strategic partnership to offer safe and convenient autonomous driving experiences. The first phase involves integrating Waymo's sixth-generation fully autonomous technology into Hyundai's all-electric IONIQ 5 SUV. These vehicles will be produced at Hyundai's new Georgia facility and added to the Waymo One fleet over time.

The partnership aims to produce a significant volume of IONIQ 5s equipped with Waymo's technology over multiple years. On-road testing with Waymo-enabled IONIQ 5s is scheduled to begin by late 2025, with availability to Waymo One riders in subsequent years. This collaboration marks the first step in a broader partnership, with both companies exploring additional opportunities for collaboration.

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Hyundai Motor America reported total September sales of 62,491 units, a 9% decrease compared to September 2023. However, the company achieved record-breaking Q3 total and retail sales for several models, including Tucson HEV, Santa Fe HEV, and Palisade. Notably, hybrid vehicle total sales increased by 36% in September.

In Q3 2024, Hyundai set a new record for Q3 retail sales, with total sales of 210,971 units, a 5% increase over Q3 2023. The IONIQ 5 saw a 30% increase in retail sales for Q3. Despite fewer selling days in September, Hyundai remains focused on closing the year strong and setting another all-time annual sales record.

The company also celebrated producing 100 million vehicles globally in just 57 years, signed an MOU with GM to explore collaboration, and announced various product updates and awards for models like the IONIQ 5 N and 2024 Sonata HEV

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Hyundai Motor Company has achieved a significant milestone, producing 100 million vehicles globally in just 57 years since its foundation. This accomplishment positions Hyundai as one of the fastest-growing companies in the global automotive industry. To commemorate this achievement, a ceremony was held at the Ulsan Plant in Korea, where the 100 millionth and first vehicle, an IONIQ 5, was delivered to a customer.

Jaehoon Chang, President and CEO of Hyundai Motor Company, attributed this success to customer support and the company's commitment to innovation. Dong Seock Lee, President and Head of Domestic Productions, emphasized that this milestone marks the beginning of Hyundai's leadership in the future era of electrification. The company's growth has been fueled by the launch of premium brand Genesis, high-performance brand N, and the introduction of EVs like the IONIQ 5 based on the dedicated electric global modular platform (E-GMP).

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Hyundai Motor, Kia, and Samsung Electronics have formed a strategic technology partnership to enhance the integration between software-defined vehicles (SDVs) and smartphones. The alliance aims to secure a leading position in the mobility service ecosystem. Key points include:

1. Development of a next-generation infotainment system and an open ecosystem in collaboration with 42dot.
2. Integration with Samsung's global 'SmartThings' platform to enrich customers' mobility experiences.
3. Introduction of a vehicle location verification service using Samsung's 'SmartThings Find' technology.
4. Simplification of user account registration and plans for lifestyle-optimized services.
5. Announcement of plans to build an SDK and vehicle app market for SDVs at the '2025 Developer Conference'.

The partnership focuses on creating a user-centered vehicle environment and expanding connectivity between SDVs and the smartphone ecosystem.

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Hyundai Motor Group unveiled its comprehensive hydrogen technology solutions and roadmap at H2 MEET 2024, Korea's largest hydrogen industry event. Under the theme 'Be a First Mover in Hydrogen,' the Group showcased its hydrogen business and technology across the entire value chain under the HTWO brand. The exhibition featured four scenario-based displays:

1. Energy Security: Highlighting innovative hydrogen production technologies like W2H (Waste-to-Hydrogen) and P2H (Plastic-to-Hydrogen).

2. Port & Airport Decarbonization: Introducing hydrogen solutions for high-carbon-emitting industrial complexes.

3. Industrial Applications & Businesses

4. Hydrogen Society

The event marks the first time all Hyundai Motor Group affiliates participated together under HTWO, including Hyundai Motor Company, Hyundai Rotem, Hyundai Steel, Hyundai Engineering, Hyundai E&C, and Hyundai Glovis.

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Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to collaborate on establishing a hydrogen mobility ecosystem. The agreement, signed during the Korea-Czech Business Summit in Prague, covers:

  • Study on adoption of hydrogen fuel cell systems and technologies
  • Study on adoption of energy-efficient solutions for mobility projects and products
  • Exploring hydrogen ecosystem and value chain opportunities beyond mobility

The partnership aims to accelerate hydrogen adoption, contribute to carbon neutrality, and explore fuel cell system applications beyond mobility. Hyundai may share its fuel cell system and technology to support eco-friendly mobility in markets where Škoda Group operates. Both companies view hydrogen as a key pillar for a sustainable society, starting with mobility.

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Hyundai's IONIQ 5 N electric SUV has swept three major categories at the 2024 Drive Revolution competition, sponsored by the Northwest Automotive Press Association (NWAPA). The vehicle won Best Performance, Best Electrified Vehicle, and Best Battery Electric Vehicle, competing against high-end supercars and luxury sedans.

The IONIQ 5 N, Hyundai's first electrified N model, has been praised for its exceptional blend of performance and innovation. It offers powerful acceleration, precision handling, and sustained racetrack performance without compromising daily drivability. The competition involved 20 automotive journalists evaluating 23 new vehicles over three days in Washington.

This sweep reinforces Hyundai's commitment to redefining electric vehicles and demonstrates that high-performance, track-ready EVs are a current reality, not just a future prospect.

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The 2024 Hyundai Sonata HEV has been crowned the winner in the Hybrid Electric Vehicle (HEV) category at the Southern Automotive Media Association's (SAMA) inaugural Charged Up Miami event. Held on August 28, 2024, the event showcased the latest advancements in electric and hybrid vehicles. The Sonata HEV outperformed competitors, including the Toyota Camry HEV, highlighting Hyundai's commitment to excellence in hybrid technology and design.

Key features of the 2024 Sonata HEV include:

  • EPA-estimated combined fuel economy of up to 52 MPG
  • 2.0L GDI Atkinson Cycle engine with 6-speed automatic transmission
  • Digital Key 2.0 Premium
  • 12.3-inch digital instrument cluster
  • 10.25-inch touchscreen navigation system with Apple CarPlay® and Android Auto™ compatibility

The award reinforces Hyundai's position as a leader in sustainable automotive innovation, combining power, style, and eco-friendliness in their hybrid offerings.

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FAQ

What is the current stock price of HYUNDAI MOTOR REG S (HYMTF)?

The current stock price of HYUNDAI MOTOR REG S (HYMTF) is $52.495 as of December 20, 2024.

What is the market cap of HYUNDAI MOTOR REG S (HYMTF)?

The market cap of HYUNDAI MOTOR REG S (HYMTF) is approximately 35.7B.

What is Hyundai Motor Company known for?

Hyundai is known for its innovative approach to electric and hydrogen mobility, including the development of fuel cell electric vehicles (FCEVs).

What recent announcements has Hyundai made?

Hyundai recently announced collaboration plans with Gran Turismo, unveiled the IONIQ 5 N TA Spec for motorsport events, and continues to invest in cutting-edge technologies for future mobility.

Where is Hyundai Motor Company based?

Hyundai Motor Company is a global automaker based in South Korea.

What is the focus of Hyundai's sustainability efforts?

Hyundai focuses on developing sustainable solutions for electric and hydrogen mobility, supporting a hydrogen economy, and investing in innovative technologies.

What sets Hyundai apart in the automotive industry?

Hyundai's commitment to sustainability, innovation in electric and hydrogen mobility, and investment in future technologies set it apart in the automotive industry.

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