Hyundai Motor Company GDR

Hyundai $HYUD (-1,12 %) to launch an AI-powered EV next year to keep pace in China

Hyundai Motor, in collaboration with its Chinese partner Haomo, will launch its first electric vehicle with generative artificial intelligence on the Chinese market next year.

"We are working to load software from Haomo, a local autonomous driving software company, into the electric vehicle that will be launched in the Chinese market next year," said a Hyundai Motor official. "The level of autonomous driving is somewhere between 2 and 2.5."

On a scale of autonomous driving that ranges from 0 to 5, level 2 refers to partial automation of driving, as the vehicle can control steering as well as acceleration and braking. Tesla's Autopilot would fall under Level 2 autonomous driving. Level 3 self-driving vehicles are able to recognize circumstances and make decisions on their own, such as accelerating past a slow-moving vehicle. Both level 2 and level 3 require human intervention.

Haomo unveiled its DriveGPT in April last year, taking inspiration from OpenAI's world-famous ChatGPT. The Chinese company explained that the generative AI model can continuously optimize the real-time decision-making ability of autonomous vehicles on the road by bringing in data about situations in which human drivers take control of the vehicle.

According to Haomo, DriveGPT has already been used in around 20 models. The Chinese self-driving car startup received 14 million dollars in Series B funding in February this year.

China is one of the frontrunners in the introduction of electric vehicles. Last year, 37 percent of new vehicles sold in China were electric vehicles. It is expected that the share of electric vehicles will exceed 50 percent this year.

Hopefully, the unexpected happens more often and next time it will be almost double the position 😋

Hyundai $HYUD (-1,12 %) arms itself against Trump tariffs and replaces leadership with US citizens

The South Korean car manufacturer Hyundai Motor is preparing for import tariffs that could be introduced under a second Donald Trump presidency. According to "Handelsblatt", the company has therefore now appointed two US citizens to key positions: From January 1, 2025, the current COO José Muñoz will take on the role of CEO, while former US diplomat Sung Kim will be appointed President of the Group.

Hyundai is thus facing up to the upcoming economic and security policy challenges, according to the company in the Handelsblatt.

USA as an important market for Hyundai

The USA is an important market for Hyundai. In the first eight months of this year, the Group exported almost one million vehicles worth 24 billion US dollars to North America. The previous CEO Chang Jaehoon praised Muñoz: "He is the ideal person to lead Hyundai in times of increasing competition and business uncertainty," reports Handelsblatt. South Korea already had to contend with import tariffs during Trump's first term in office.

With Sung Kim as president and chief lobbyist, Hyundai wants to strengthen its relationships in both the USA and South Korea. Kim has already been working as an advisor for Hyundai since January 2024 and brings a wealth of experience from his diplomatic career.

Kia $HYUD (-1,12 %) and DHL Korea $DHL (+0,12 %) want to use new PBV e-vans in logistics

Kia's new "Platform Beyond Vehicle" (PBV) aims to provide optimized solutions for the logistics environment of the logistics provider. The PV5 will be the first model to be used in the collaboration from 2026. Further collaborations planned in key global markets. The plan is also to launch in Japan in 2026.

Hyundai subsidiary Kia Corporation (Kia) has announced the signing of a memorandum of understanding with DHL Korea Ltd. to expand the sustainable logistics ecosystem through Kia's Platform Beyond Vehicle (PBV) models. The Koreans are expanding PBV-related cooperation with a number of external partners to provide customers with comprehensive mobility solutions. The first model under the collaboration will be Kia's PV5, a mid-size PBV scheduled to launch in 2026. The model range will then be extended by Kia's large PBV model, the PV7, which is scheduled to be launched in 2027.

As part of the agreement, the aim is to develop models specially optimized for DHL Korea's business. In the medium to long term, the cooperation will be expanded to include various PBV-related solutions, such as vehicle charging and warranty service, it is further stated. This fits in with DHL Korea's plan to use 100 percent electrified mobility for its logistics business. In addition, the Korean manufacturer will explore opportunities to expand cooperation in various regions, including Asia and Europe.

The Secret Service relies on Boston Dynamics $HYUD (-1,12 %)

Boston Dynamics Robohound was spotted patrolling US President-elect Donald Trump's luxury resort club Mar-a-Lago in Palm Beach, Florida.

Spot, a remote-controlled four-legged robot, was seen in a video ambling around the lawn in front of the property with the US Secret Service logo stenciled on its torso and the words "DO NOT STRIKE" on its legs.

According to reports, the Secret Service confirmed that the robot dog is part of the agency, stating that "protecting the president-elect is our top priority. The robotic dogs are equipped with surveillance technology and an array of advanced sensors that support our protective measures"

At a height of 84 centimeters and weighing 25 kilograms, Spot can move at a speed of 5.76 kilometers per hour. Equipped with various cameras and sensors that allow it to move freely at night, the robot has already been deployed by many police agencies in the United States.

Will the Hyundai Motor Group $HYUD (-1,12 %) even benefit from Donald Trump in the end ?!?

Hyundai Motor Group has significantly expanded its production capacity in the United States with the recent start-up of its meta plant in Georgia. This strategic move, which began in October, has increased the Group's production capacity in the US to approximately 1 million units per year. This development enables Hyundai Motor and its subsidiary Kia to potentially mitigate the impact of the universal tariff proposed by US President-elect Donald Trump and benefit from favorable economic policies.

Industry insiders suspect that some of Trump's measures could benefit Hyundai Motor and Kia. In a speech in October in the Detroit area, Trump announced plans to push for a 100 percent tax deduction on interest paid on loans for cars with internal combustion engines. With local installment interest rates ranging from 7% to 11%, this policy could significantly reduce financing costs for consumers and potentially boost sales of internal combustion engine vehicles. Although Hyundai Motor Group ranks second in the US electric vehicle market, 75-80% of its sales still come from internal combustion engine vehicles. Thus, reduced rates could offset the impact of the universal tariff.

Last year, the Hyundai Motor Group sold approximately 1.65 million units in the US. With local plants operating at full capacity, this allows the Group to produce about 60% of its US sales volume domestically, avoiding tariffs and reducing shipping costs. This local production capacity is particularly important in light of President-elect Trump's proposed universal tariff of 10% on imported goods.

In addition, the capacity at the Georgia meta plant is to be increased from 360000 to 500000 units produced at the beginning of 2025, meaning that around 70% of last year's sales figures would already be produced domestically.

So it remains exciting, but one thing is certain in my opinion, Hyundai will continue to grow in the future thanks to innovation, technological openness and strategic action 💪

$HYUD (-1,12 %) after downward movement, with a good start to the week ✌️

Yesterday a first tranche $HYUD (-1,12 %) Hyundai into the portfolio yesterday. I will continue to build up the position in the future, the target is 50 shares. I think Hyundai is favorably valued even though they have a lot of debt and although there are no easy times ahead for car manufacturers. And even though I see Hyundai as the industry leader alongside Tesla, Byd and Toyota, I bought the stock mainly because of Boston Dynamics.

Hyundai Motor Group $HYUD (-1,12 %)
overtakes Volkswagen $VOW (-0,15 %) 💪

Industry data showed on Thursday that Hyundai Motor Group has surpassed Volkswagen Group to become the world's second-largest carmaker in terms of operating profit.

https://www.zeebiz.com/companies/news-hyundai-motor-pips-volkswagen-to-become-worlds-2nd-largest-automaker-324947

Before the election is after the election or the other way round 🤷‍♂️ No matter, in any case, further increases...