Hyundai Motor Gd Stock Price, News & Analysis

Hyundai Motor America reported a total of 52,424 units sold in February 2022, marking an 8% increase from February 2021. Notable performers included the Tucson (+37%), Palisade (+17%), and Venue (+16%), all setting new February sales records. The company achieved its best February retail sales, up 19% year-over-year, with eco-friendly vehicle sales soaring 278%. Notably, Hyundai reported no fleet sales for the second consecutive month.

Hyundai Motor Group has been recognized by the Insurance Institute for Highway Safety (IIHS) as the industry leader in vehicle safety, receiving a total of 21 awards for 2022. This includes 11 TOP SAFETY PICK+ (TSP+) and 10 TOP SAFETY PICK (TSP) awards, achieved by Hyundai, Kia, and Genesis models equipped with optional front crash prevention and specific headlights. All Genesis models in the U.S. earned TSP+ ratings, while various Hyundai and Kia models also gained recognition. This achievement underscores the Group's commitment to safety and innovation.

Hyundai Motor America has received eight 2022 IIHS TOP SAFETY PICK and TOP SAFETY PICK+ awards, showcasing its leadership in vehicle safety. All current SUVs earn these ratings with specific headlights, with five of the eight models featuring eco-friendly powertrains. Parent company Hyundai Motor Group tops the industry with a total of 21 awards across categories. The awards are crucial for validating Hyundai's commitment to safety, with plans for further advancements through new initiatives like the Safety Test and Investigation Laboratory.

Hyundai Transys showcased its innovative future mobility seat concept at Lineapelle 2022, emphasizing sustainability through the use of upcycled leather and regenerative materials. Under the theme 'Shift to Regenerative Mobility', the concept seat integrates materials developed in collaboration with Korean and Italian manufacturers. The design, named 'Seoul to Milan', symbolizes a commitment to sustainability, reducing waste, and carbon neutrality by 2045. Hyundai Transys will further exhibit this seat at Milan Design Week in June 2022, highlighting its innovative approaches to future mobility solutions.

Hyundai has secured five Consumer Guide 2022 Best Buy Awards, establishing itself as one of the most recognized brands in the competition. The awards recognize vehicles that offer the best value and features. Award-winning models include the 2022 Palisade and Santa Fe for midsize crossovers, the Kona and Venue for subcompact crossovers, and the Accent for subcompact cars. These acknowledgments highlight Hyundai's focus on delivering consumer-centric options alongside enjoyable driving experiences. Hyundai sold over 738,000 vehicles in the U.S. in 2021, showcasing its market presence.

Hyundai's 2019 Santa Fe and Sonata have been recognized as the most dependable vehicles in their respective segments in the 2022 J.D. Power U.S. Vehicle Dependability Study. The study evaluates the long-term reliability of three-year-old models, revealing Hyundai's improvement to third place among mass market nameplates, up from fourth the previous year. Other notable top performers include the Elantra, Veloster, and Tucson, each securing third place in their categories. This recognition highlights Hyundai's commitment to quality, customer satisfaction, and brand loyalty.

Hyundai has announced the establishment of a new Safety Test and Investigation Laboratory (STIL) at its Michigan research center, HATCI, with a total investment exceeding $50 million. Set to be operational by fall 2023, the facility will enhance safety testing and analysis, including field crash investigations and high voltage battery evaluations. This initiative is part of Hyundai's commitment to safety, aiming to better address vehicle issues and defects. Approximately 150 new jobs are expected to support the facility, developed in collaboration with NHTSA following a 2020 Consent Order.