Hyundai Motor

⚠️UPDATE DELISTING $HYUD (18. to 19.12.2024)⚠️

Even though it was one of my favorite stocks in the portfolio, I sold my entire position today with a heavy heart...

...The reasons for this are the DELISTING of the share from one day to the next and the continuing uncertainties about the GDR program despite research.

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

Even though I believed until the last minute that there were still ways to keep my position tradable, I have to realize today that it will no longer be possible.

Last state of affairs:

• No longer tradable via Gettex today!

• still tradable via L&S until 11:00 pm today, delisted as of 7:00 am tomorrow !

• via Traderepublic still tradable until 22:00 today, delisted as of 8:00 tomorrow !

Since I run via Smartbroke+ my hope was still on Baader OTC...

Over-the-counter or OTC trading refers to trades that are not carried out on a traditional stock exchange, i.e. over the counter. Most OTC trades take place between two parties and are processed via a dealer network.

...but there has been no qualified statement from Baader Bank to date, which is why I ultimately liquidated my position.

This means from tomorrow 7:00 or 8:00 am (CET):

• Any existing securities account positions can therefore no longer be traded regularly or as usual.

• All positions have a transitional period until 06/2025, by which time they can be exchanged for original shares at a ratio of 2:1. $005380 but so far there is no provider with KRX approval (possibly Interactive Brokers).

• Otherwise the shares will be booked out or withdrawn in June 2025, depending on the price.

Conclusion:

Hyundai remains one of my favorites in the automotive sector, even though Hyundai is much more than that, but the chapter of my favorite stock has closed for the time being and I am now looking forward to the upcoming spin-off of Boston Dynamics (approx. 06/2025) to the Nasdaq.

Kia's Chinese joint venture makes a profit for the first time in 7 years $HYUD
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Kia's Chinese joint venture has turned a profit in the third quarter of this year, ending a seven-year losing streak

Yueda Kia, in which Kia and China's Yueda Group each hold a 50 percent stake, posted sales of 3.2 trillion won (US$2.3 billion) in the July-September period, up 60.4 percent from the second quarter. The company posted a profit of 17.2 billion won, a significant turnaround from the loss of 4.4 billion won in the previous quarter.

In 2002, Kia invested 600 million dollars to set up a Chinese joint venture with two local companies - Dongfeng Motor and Yueda Group - following the Chinese government's roadmap to limit foreign capital penetration while promoting the country's strategic industries. Dongfeng reportedly sold its 25 percent stake to Yueda in 2021.

From January to November, Kia sold 224,201 vehicles in China, an increase of 51.9 percent year-on-year, marking the first time since 2020 that annual sales exceeded 200,000 units. In November alone, the car manufacturer's monthly sales rose by 33.4 percent to 24,310 units.

Kia struggled with financial problems in China after Beijing protested against the deployment of the South Korean Terminal High Altitude Area Defense missile system in 2017.

"Kia's business in China has been boosted by the launch of new vehicles, including the K3 mid-size sedan and the larger K5 sedan," said a source who wished to remain anonymous. According to Kia, the carmaker's best-selling model in the January-October period was the Pegas sedan with 48,120 units, followed by the Forte sedan with 15,305 units and the K3 sedan with 9,667 units.

Last year, Kia also launched the EV5, a mid-size electric sport utility vehicle, which sold 9,837 units in the same period. November sales are expected to exceed the 10,000 mark. The EV5, Kia's first battery-powered car in China, is priced at 149,800 yuan (US$20,600), which compares favorably with other foreign brands such as the Tesla Model Y, which is priced at over US$30,000.

The source added that another key factor behind Kia's stellar performance is the automaker's export growth strategy, which makes its Yancheng plant a major global production center.

Since December last year, the plant has exported six car models sold in China, including the Limou

Amazon's online car dealership with Hyundai is now live $AMZN (+0%)
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Today, for the first time, you can buy a new car - yes, a whole car - on Amazon.

Same-day delivery not guaranteed. 😅

The e-commerce giant's first foray into car buying is called Amazon Auto. The company is partnering with Hyundai dealers in 48 cities across the US to offer vehicles on the website. Customers can browse, order, find financing and arrange delivery in the familiar environment of Amazon's online ecosystem.

"However, if you're looking for anything other than a Hyundai, you're out of luck." At least for now 😉

"With Amazon Autos, we're bringing the simplicity and ease that customers expect from Amazon to car buying, one of their biggest purchases, while giving dealers a new channel to connect with a broad audience," Fran Jin, global head of Amazon Autos, said in a statement. "We're thrilled to have Hyundai as an exclusive launch partner and look forward to welcoming more brands and expanding our selection for customers as the program grows."

"We're bringing the simplicity and ease that customers expect when buying a car on Amazon."

Amazon first announced its plans to enter the car buying space last year. Previously, customers could browse car dealerships and compare prices on Amazon - but not actually buy a car. By partnering with Hyundai, Amazon has finally added an important piece to the puzzle. And importantly, the final seller of the vehicle is still the dealer...Amazon's platform will be the middleman between the customer and the dealer.

So Amazon needs to appeal to dealers almost as much as it does to car buyers. The company advertises that it can offer "a new sales channel that connects them with millions of Amazon customers". And with over 310 million active users, Amazon certainly has the numbers to back this up.

Trade-ins are also accepted through Amazon's new auto vertical. Customers must answer a series of questions about the condition of the vehicle, after which the request is processed by an "independent valuation service" to determine the value of the trade-in.

Conclusion:

Another milestone for Hyundai and probably also for Amazon 💪

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.

Hyundai
$HYUD
$005380 supplies electric car plant in Georgia with fuel cell trucks

Once in service, the new Xcient Class 8 hydrogen fuel cell trucks will transport vehicle parts from HMGMA suppliers in the region to the Georgia plant. Hyundai further states that the 21 Xcient trucks will make up more than one-third of the Glovis America truck fleet at Hyundai Motor Group Metaplant America (HMGMA).

In the vehicles, two 90 kW fuel cell systems (total output 180 kW) supply the 350 kW electric motor with electricity. The hydrogen stored on board is intended to provide a range of over 450 miles (around 725 kilometers).

A mobile hydrogen refueling station will be set up at the Metaplant in Georgia to refuel the trucks. A permanent hydrogen production and refueling station is also planned, but "will be developed for the Megasite and announced at a later date".

"At HMGMA, we are committed to developing sustainable transportation solutions," said Oscar Kwon, CEO of HMGMA. "Our Hyundai Xcient hydrogen fuel cell trucks supplying Metaplant emit zero emissions and offer a cleaner alternative to the traditional freight logistics methods used in other manufacturing facilities."

The Hyundai Xcient is already being used by a number of companies in Germany too. For example, hydrogen truck rental company Hylane ordered 32 units last year after receiving the first one in Germany at the end of 2022. One of Hylane's customers is the wholesaler Metro, which leased three Xcient trucks at the beginning of 2024. The supermarket chain Rewe is also one of the first users of the model in Germany

Hyundai $HYUD
$005380 expects this year's largest shareholder return ever 🤝

Hyundai Motor Company is on track to deliver its highest ever shareholder return this year, thanks to proceeds from its recent IPO in India. The carmaker's moves are part of an ambitious strategy by CEO Chung Euisun to share the profits from Hyundai's rapid global growth more directly with investors.

Promises backed up with action

Just three months after announcing a plan to buy back and partially retire 4 trillion won (USD 2.816 billion) worth of its own shares over a three-year period, Hyundai Motor Company surprised the market by spending 1 trillion won (USD 704 million) - a quarter of the total planned buyback - in one go last week. These funds largely came from the company's Indian IPO, showing investors that the company is quickly delivering on its promises 💪

This year alone, Hyundai Motor Company has already paid out 1.58 trillion won (USD 1,112 billion) in dividends. Although the dividend at the end of the year was modest, the total return to shareholders will exceed 3 trillion won (USD 2,112 billion), breaking the company's previous record.

Some analysts, such as analyst Song Sun-jae of Hana Securities, believe that the total shareholder return this year will be about 40% of the company's net profit of the company's net profit.

New Hyundai boss: "Flexibility is one of the most important levers of our strategy" $HYUD
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Hyundai repeatedly emphasizes its ambitious electric car plans. However, the South Koreans will also increasingly focus on semi-electric vehicles in the future under new leadership. Jose Muñoz, who has just been appointed as the next global CEO of Hyundai Motor, said according to Automotive Newsthat it was time for the car manufacturer to focus strongly on hybrids. This would give them flexibility in uncertain times.

Current CEO Jaehoon Chang is aiming to more than double global hybrid sales to 1.33 million vehicles by 2028. The company expects to sell 510,000 hybrid vehicles this year. For the time being, the company is focusing on plug-in hybrids, conventional hybrids, pure electric vehicles, hydrogen technologies and classic combustion engines.

"I think flexibility is one of the most important levers in our strategy. If you sell fewer electric cars, you sell more hybrids," says the new CEO Muñoz. This applies to the core Hyundai brand as well as the luxury subsidiary Genesis. In addition to updating its existing hybrid technology, the company is pushing ahead with a system for a longer electric range, in which an internal combustion engine is also on board as a power generator. The so-called range extender models are initially to be introduced in North America and China.

Together with Genesis, Hyundai wants to double its range from 7 to 14 hybrids, according to earlier reports. The core brand is aiming for a range of 21 electric car models by 2030 in parallel with the growing full hybrid range. The range is to extend from affordable electric cars to luxury and high-performance vehicles. From 2030, two million of these battery-powered vehicles are to be sold worldwide each year.

"As part of the Hyundai Way, we will ... respond flexibly to the market," said outgoing CEO Jaehoon Chang in August. "This will secure us a sustainable leadership position in an uncertain market environment and strategically position the company to create a future focused on mobility and energy."

Hyundai Motor America
$HYUD
$005380 reports record sales with sales figures for November 2024

Hyundai Motor America reported record-breaking total sales of 76,008 units in November, an increase of 8% compared to November 2023.

Achieved sales records in November:

• Santa Fe HEV (+64%)
• Tucson PHEV (+23%)
• Tucson HEV (+227%)
• IONIQ 5 (+110%)
• Elantra N (+140%)

Total sales of hybrid vehicles increased by 114%, while total sales of electric vehicles increased by 70% and electrified (EV, hybrid, plug-in hybrid) sales increased by 92%.

"Hyundai had an exceptional sales month, driven by the strong performance of our EV and hybrid vehicles," said Randy Parker, CEO of Hyundai Motor America. "Customers continue to be attracted to Hyundai's diverse lineup of vehicles that can meet a variety of customer needs. We've also seen great interest and excitement for the global debut of the U.S.-built IONIQ 9 and can't wait to bring it to market next year."

$CPNG (-6,17%)
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South Korea's president declares martial law - parliament sealed off

In the midst of a budget dispute with the opposition, South Korea's President Yoon has declared martial law - ostensibly to protect "state order". Protests erupt in front of parliament and police cordon off the building.

https://www.spiegel.de/ausland/suedkorea-praesident-yoon-suk-yeol-ruft-kriegsrecht-aus-a-bf47eddf-6f8c-4856-a33e-68655c5eb595

Hyundai
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$005380 and Indian universities want to jointly develop battery and automation technologies develop

Hyundai Motor Co. and Kia Corp. have signed a memorandum of understanding with the Indian Institutes of Technology (IIT) to establish the Hyundai Center of Excellence.

The IITs are a network of 23 engineering and technology institutes in India. Established in 1950, they are under the Ministry of Education, Government of India and governed by the Institutes of Technology Act, 1961.

The three universities involved in the collaboration are IIT Delhi, IIT Bombay and IIT Madras.

Hyundai Motor and Kia will set up an innovation center with these universities to jointly research batteries and electrification.

The two companies plan to invest around 10 billion won (US$7.13 million) over a five-year period starting in 2025.

They will also expand their collaboration to include software and hydrogen fuel cells.

The Hyundai Innovation Center is a model of collaboration between industry and academia specifically tailored to India. It is based on Centers of Excellence (CoEs), dedicated research labs at IIT sponsored by companies and alumni. There are currently 22 CoEs at IIT Delhi.

The two companies will also work closely with India's only electric vehicle research center, CART, located at IIT Delhi.

This will help build an electric vehicle ecosystem in India that is in line with India's electric vehicle adoption policy.