HYUNDAI MOTOR REG S - HYMTF STOCK NEWS

The 2024 Hyundai Santa Fe has been named the Best U.S.-Built SUV by American Cars and Racing. This award recognizes the top vehicles assembled in the U.S. for the 2024 model year.

The Santa Fe, produced at Hyundai's Montgomery, AL plant, was chosen for its innovation, appeal, value, and overall excellence. The announcement was made live on Fox News' 'Fox & Friends' on July 3, 2024. Key features of the Santa Fe include a spacious three-row interior, user-friendly infotainment, and a striking design.

Developed under the 'Open For More' concept, the Santa Fe boasts a longer wheelbase, an expansive liftgate, and premium features such as a Relaxation Comfort driver's seat, UV-C sterilization compartment, dual wireless charging, and standard three-row seating. The SUV is available in a rugged XRT variant and a hybrid powertrain, with HEV sales up 90% year-over-year. Hyundai's U.S. operations significantly contribute to the economy, adding $20.1 billion annually and supporting 190,000 jobs.

Local San Diego Hyundai dealers have donated a 2024 Hyundai Palisade to the Emilio Nares Foundation, a nonprofit that aids families with children battling cancer and other life-threatening diseases. The vehicle donation will support the foundation's 'Ride With Emilio' program, which offers free transportation to hospital appointments for underserved children and their caregivers. This donation aligns with Hyundai's longstanding commitment to pediatric cancer support through Hyundai Hope On Wheels, a nonprofit organization backed by Hyundai Motor America and its 835 U.S. dealers. Hyundai Hope On Wheels has also donated to Rady Children's Hospital in San Diego for pediatric cancer research.

Hyundai, in collaboration with Culture Brands, has launched the 'Everyone's Outside' campaign for the 2025 Hyundai Tucson Hybrid. This initiative emphasizes community and cultural vibrancy, showcasing the vehicle's enhanced performance and hybrid features. Directed by Maya Table and featuring a soundtrack by Phony Ppl, the campaign captures the essence of communal joy and cultural richness. The campaign will be visible across multiple media channels, including digital and influencer engagements. Angela Zepeda, CMO of Hyundai Motor America, highlighted the Tucson Hybrid's role in meeting evolving customer needs, while Erik Thomas emphasized the vehicle's appeal to those seeking alternative fuel powertrains. Christopher McLaughlin of Culture Brands noted the campaign's focus on community resilience and unity.

Hyundai Motor America reported a 2.2% rise in Q2 2024 sales, totaling 214,719 units. The first half of 2024 saw a 1.2% increase in total sales, reaching 399,523 units. June sales saw a 2.5% decline compared to June 2023, with 67,631 units sold. Notable performances included record June sales for the Elantra HEV, IONIQ 5, Santa Fe HEV, Tucson HEV, and Palisade. Hybrid sales surged by 39% in June, and EV sales increased by 33% YTD. Strong SUV performance, which made up 75% of retail sales, boosted overall results.

Key corporate highlights include the announcement of the 2025 IONIQ 5 as the first vehicle to be produced at the Hyundai Metaplant in Georgia, high rankings in J.D. Power studies, and awards such as 'OEM of the Year' by WardsAuto. Additionally, the IONIQ 5 N set a benchmark at the Pikes Peak International Hill Climb, and the Elantra N TCR secured its fourth consecutive Nürburgring victory.

The J.D. Power 2024 U.S. Initial Quality Study has positioned the Hyundai Santa Cruz as the leading Midsize Pickup in America, based on initial quality. Hyundai's Santa Cruz, Elantra, and Tucson performed notably well, with the Elantra and Tucson securing third place positions in the Compact Car and Compact SUV segments, respectively. Overall, Hyundai improved significantly, moving up seven ranks to third place among mass-market brands, surpassing the average by 19 problems per 100 vehicles (PP100). This study, now in its 38th year, evaluated responses from 99,144 new 2024 model-year vehicle owners within the first 90 days of ownership, assessing quality across 10 categories.

Hyundai's upward trajectory in rankings underscores its dedication to exceptional quality and customer satisfaction, as emphasized by Omar Rivera, Hyundai Motor America's executive director of quality and service engineering. The 2024 study highlights Hyundai's commitment to continuous improvement in vehicle design, engineering, and quality control.

Hyundai Motor Company has introduced the all-electric INSTER, an A-segment sub-compact urban EV, at the 2024 Busan International Mobility Show. The INSTER boasts a targeted driving range of up to 355 km (WLTP) and features a robust exterior, spacious interior, and advanced technology, positioning itself between traditional A-segment city cars and B-segment compact models. Key features include LED lighting, a 10.25-inch digital cluster, a 10.25-inch infotainment touchscreen, and a wireless charging dock. The INSTER can charge from 10 to 80 percent in approximately 30 minutes using a 120 kW DC High-Power charging station. The EV will debut in Korea this summer, with subsequent rollouts in Europe, the Middle East, and Asia Pacific.

Hyundai Motor Group hosted a seminar titled 'From Logic to Magic: 5 Ways to Make Tech Resonate' at Cannes Lions 2024, showcasing technologies like hydrogen energy, autonomous driving, robotics, advanced air mobility (AAM), and advanced materials.

The Group highlighted its innovative Nano Cooling Film, capable of reducing vehicle interior temperatures by up to 10°C without darkening the glass, lowering energy consumption. This technology was first introduced in Lahore, Pakistan, via the 'Made Cooler By Hyundai' campaign, addressing local challenges such as extreme heat and air pollution.

The Cannes Lions Festival, attracting over 13,000 participants from 100+ countries, is a prestigious event for advertising and communications excellence. Hyundai Motor and Kia's efforts emphasize sustainability and innovation through advanced materials.

Hyundai Motor Group has deployed DAL-e Delivery robots and Parking Robots at Factorial Seongsu, a robot-friendly office building in Seoul. The DAL-e Delivery robot autonomously navigates the building, providing efficient delivery services using AI Face Identification technology with 99.9% accuracy. Hyundai WIA's Parking Robot can autonomously park vehicles and increase space utilization. A Smart Parking Control System can manage up to 50 parking robots simultaneously. Starting in Q3, the Parking Robot will also offer EV charging services. Hyundai aims to expand its Robot Total Solution to other buildings, enhancing space innovation and technological advancements.

Hyundai Motor President and CEO Jaehoon Chang has been appointed as the new Co-Chair of the Hydrogen Council, alongside Sanjiv Lamba, CEO of Linde. Chang takes over from Yoshinori Kanehana of Kawasaki Heavy Industries.

Hyundai has been a pioneer in hydrogen technology, with noteworthy achievements such as the first mass production of fuel cell electric vehicles (FCEVs) and heavy-duty hydrogen-powered trucks. At CES 2024, Hyundai announced plans to expand its hydrogen fuel cell brand, HTWO. Recently, Hyundai's XCIENT trucks achieved a cumulative driving distance of 10 million km in Switzerland.

Chang's new role aims to promote the global hydrogen economy, emphasizing international trade and investment. This appointment underscores Hyundai's ongoing commitment to advancing hydrogen technology and the energy transition.