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S.A.U.

1Mes·

Hyundai
$HYUD
$005380 supplies hydrogen buses to the province of South Chungcheong

Hyundai Motor announced on Friday that it has signed an agreement with the government of South Chungcheong Province to supply hydrogen fuel cell buses as part of the local government's carbon neutrality initiative.

Under the agreement, Hyundai Motor will gradually deliver its Elec City and Universe hydrogen fuel cell buses starting this year. The buses will be used for urban and intercity transportation as well as school and workplace transportation.

The provincial government wants to replace 1,200 diesel buses with hydrogen-powered buses by 2030.

In addition, Hyundai Motor plans to set up six hydrogen commercial vehicle service centers in the region to ensure smooth operation and maintenance.

"We will not only supply hydrogen buses, but also further expand hydrogen vehicle service centers to support the smooth operation of hydrogen transportation in the province," said a company representative.

16 Commenti

ThemenmitKopf@topicswithhead

1Mes

I saw a small Hyundai bus for the first time a week ago and was surprised that they exist, but also that they look good.

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S.A.U.@SAUgut77

1Mes

@topicswithhead If we're talking about the same models, i.e. the answer to the VW Buzz, for example, then I agree with you. I've seen a few around here in the meantime and the first one about 2-3 months ago.

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Memo0606@Memo0606

1Mes

@topicswithhead what is your opinion about hyundai motors

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ThemenmitKopf@topicswithhead

1Mes

@SAUgut77 yes, I mean the mini Vw buzz. I think the new ve buzz is actually cooler but the Hyundais were really cool and I didn't even know they made them

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ThemenmitKopf@topicswithhead

1Mes

@topicswithhead I think it's the most interesting of the old carmakers, but I don't like investing in gdrs. Apart from that I don't like the corporate structures in Korea, Hyundai is at least improving, also the share culture. Korea is still an emerging market and there is still very little talk about it, but stocks that are not in the major indices will sooner or later lose more and more value. In a world where ETfs sometimes accounts for 20% of shareholders, you should think about where and how often and how you are listed.

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ThemenmitKopf@topicswithhead

1Mes

@topicswithhead And people in Korea don't worry about that at all. Japan is similar, but so is Germany. It's going to be really brutal if you don't change the culture and upgrade your own indexes.

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S.A.U.@SAUgut77

1Mes

@topicswithhead but yes...the vehicle platform was already presented some time ago, there are 4 models and had also written about it...ranges from such small speedsters to larger, let's say DHL cars.

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S.A.U.@SAUgut77

1Mes

@topicswithhead and DHL Korea is already switching to the Hyundai platform.

I agree with you about EM Market, otherwise we would already have completely different prices here, but GDR is still the best way to participate in the company.

And in addition to the main markets of Asia, the USA and India, Hyundai will also increase its share of the European market compared to domestic producers in the future.

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ThemenmitKopf@topicswithhead

1Mes

@SAUgut77 I think that doesn't change the fact that I can only get the share via a gdr. I only buy adr or gdr very rarely and even more rarely in Asia.

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S.A.U.@SAUgut77

1Mes

@topicswithhead You can also trade the originals through one or two brokers, but I think there will be more to come. With their latest ARP, they have also completely delisted in Luxembourg and partly also in England.

But that doesn't change the fact that Hyundai remains future-oriented.

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TomTurboInvest@TomTurboInvest

1Mes

How do you see the fact that Hyundai will leave the GDR program in the course of December and that the share will then no longer be tradable in Europe? Except via an ETF, you will then no longer have access 🧐

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S.A.U.@SAUgut77

1Mes

@TomTurboInvest actually quite relaxed, because your statement is not correct across the board and the share will remain tradable in Europe 😉

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TomTurboInvest@TomTurboInvest

1Mes

@SAUgut77 I am admittedly not an expert on South Korea, but I once heard that Korean shares cannot be held in custody in Europe or the usa due to regulations. The GDR program was one possibility, but if that is discontinued on Dec. 18? Can they still be traded on European exchanges?

Hyundai recommends:
"Holders of GDRs are encouraged to contact their own investment advisors and brokers for further information on actions that may be taken with respect to their GDR holdings."

I don't have a Hyundai myself, so not relevant to me anyway. I just hope there is a good solution for shareholders.
Not every broker offers the Korean stock exchange

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S.A.U.@SAUgut77

1Mes

@TomTurboInvest Let's put it this way, it's a complex topic....

First of all, however, it must be pointed out that Hyundai will not cancel the entire GDR program, but will only delist in England and Luxembourg for cost-benefit reasons (too little volume) on 19.12.2024 and a large part of the shares will be withdrawn in the course of the ARP that has just started.

https://www.research-tree.com/newsfeed/article/hyundai-motor-co-notice-of-intention-to-delist-gdrs-2600152

In addition, GDRs are not a real share per se, but a kind of participation/bond that is brokered via a third party, the holder of the original share. And with regard to the delisting itself, it is more likely due to the fact where the respective broker has its depository for the GDRs.

As far as I know so far, customers of Cortal Consors and INGdiba, for example, are affected by this.

I have my own via Smartbroker+ and have not yet received any notification or request to sell. I don't think there will be much more to come.

With regard to trading in Korean shares, it is not directly due to the regulation itself, but to the fact that a KRX membership with a licensed securities company is required for trading in these shares.

According to my information, this would be the case with Interactive Brokers, for example, but I would have to do some more research.

But an ETF would also have to have such a rental membership in order to hold the share directly.

Be that as it may, I'm quite relaxed about the whole thing so far and Hyundai would also be shooting itself in the foot....

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TomTurboInvest@TomTurboInvest

1Mes

@SAUgut77 has it also become too uncertain for you? As long as you don't have large amounts in it, it's better to sell in a situation like this anyway. If you then know more, you can always get back in.

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S.A.U.@SAUgut77

1Mes

@TomTurboInvest https://app.getquin.com/de/activity/tUYanseYrt

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