HYMLF News and Press, Hyundai Motor Co. Ltd. From 02/08/21

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Hyundai Motor Co. (HYMLF) said it's not in talks with Apple (AAPL) to develop an autonomous electric car after reports last week that an agreement was close, according to multiple media reports.South Korean auto maker Hyundai said in a regulatory filing said that it wanted to clarify "rumors"...

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There is a bit of brand dissonance in “Apple and Kia”. But it makes sense if Hyundai/Kia is willing to give up control to Apple, the thing Apple likes the best. Any way you slice it, we are many years off of seeing the Apple Car. There is no short-term thesis related...

Earlier this week, noted Apple (AAPL) analyst Ming-Chi Kuo said the tech giant would team up with Hyundai (HYMLF) and its subsidiary Kia for production assistance on the Apple Car.Late yesterday, CNBC sources confirmed that Apple is close to finalizing a deal with Hyundai-Kia t...

Global electric car sales records for Dec. 2020 up 105% YoY reaching 6.9% share. Europe sales up 264% YoY reaching 23% share, China sales rose 12% YoY reaching 9.4% share. EV market news - "The electric car future is finally taking off." BNEF -EV sales to surge 60% in 2021. Biden vows...

Following the sharp 2008 crisis, the U.S. auto market was hit severely in 2020 as the global pandemic has impacted sales tremendously.Sales in 2020 declined 14.7% to 14.5M units, the lowest since 2012. Q4 sales grew 5%, on the back of fiscal stimulus, low interest rates and increasi...

Shares of Hyundai Motor (HYMLF) affiliate, Kia Motors (KIMTF) jumps 10% in South Korea following a local media report that Apple (AAPL) will invest KRW4T ($3.6B) as part of a collaboration with the carmaker to build electric vehicles ((EV)), source Reuters.South Korean daily newspap...

Noted Apple (AAPL) analyst Ming-Chi Kuo of TF Securities says the company will work with Hyundai (HYMLF) on an initial Apple Car model built on the E-GMP electric vehicle platform.Kuo writes that Hyundai Mobis will handle the component design and production while subsidiary Kia hand...

According to Edmunds, EV sales were 1.9% of total retail sales in the U.S. in 2020 and expect this number to grow to 2.5% in 2021."After years of speculation and empty promises, 2021 is actually shaping up to be a pivotal year for growth in the EV sector," said Jessica Caldwell, Edmunds'...