HYMLF News and Press, Hyundai Motor Co. Ltd. From 10/14/20

British electric vehicle startup Arrival discloses that it brought in $118M through investments by BlackRock (BLK). The maker of electric commercial vans and buses previously raised from $111M Hyundai Motor (HYMLF) and sister company Kia Motors (KIMTF), as well as an undisclosed amount from U...

Cox Automotive runs through the state of the U.S. auto industry with Q3 in the books. The research firm notes Q3 sales volume in total was only down 10% compared to year ago levels, which in normal times might be considered like falling off a cliff, but was a surprise to the upside after the ...

The global autonomous vehicle [AV] market demand is expected to reach 4.2 million units by 2030, expanding at a CAGR of 63.1% from 2020 to 2030. AV revenues will be spread across several areas such as the software developers, hardware developers, the EV companies selling EV fleets, an...

Velodyne and Luminar are currently (still) the market leaders in automotive LiDAR. Since 2016, Velodyne LiDAR has been valued at at least $1.8 billion in several financing rounds by Ford, Hyundai and Baidu, and also in July 2020 for the upcoming IPO. Luminar LiDAR has been just va...

South Korea's transport ministry says Hyundai (HYMLF) will voluntarily recall Kona electric vehicles due to a potential issue with faulty manufacturing of its high-voltage battery cells. The issue could pose a fire risk, according to the regulator. There 13 separate reports on fires invo...

Hyundai (HYMLF) reports sales in the U.S. rose 5% in September to 54,790 units.Retail sales up 21%, and fleet sales down 67% and represented only 5% of total volume.Palisade +125%, Kona retail sales +44%, Sonata +25%and Santa Fe retail sales +17%.Q3 Hyundai U.S. sales fell...

Global electric car sales for August 2020 were up 58% YoY, with 3.8% market share (3.1% YTD). Europe electric car sales surged 171% with 11% market share in August. Wow! EV market news: California to ban new gasoline cars by 2035. Tesla Battery Day numbers were mind blowing. Forbe...

While Nikola is rolling trucks downhill, Hyundai Motor is already delivering hydrogen-powered trucks. Vehicle electrification and mobility innovation allows the company to differentiate its brands from the rest of the traditional OEMs. Higher market share in SUVs and luxury vehicl...

Cox Automotive forecasts September car sales will be down 0.3% on a volume basis and sees September SAAR of 15.5M. Q3 unit sales are forecast to be down 11.6% Y/Y and YTD unit sales are projected to be down 19.6% to 10,260,719. Surprisingly, Hyundai/Kia (HYMLF) is forecast to be the big marke...

General Motors ( GM +1.6% )  is exploring options in the aerial taxi market as part of a push to look for growth in next-gen transportation markets, sources tip Reuters. More news on: General Motors Company, Hyundai Motor Company, Uber Technologies, Inc., Consumer stocks news, Te...