HYMLF News and Press, Hyundai Motor Co. Ltd. From 04/06/21

Apple is still expensive despite a $20 dip in the stock price. The company is forecast to resume growth below the 10% rate starting in FY22. Investors appear willing to assign far too much value to hyped products such as the Apple Car. Investors should avoid Apple above $125. ...

Global electric car sales for Feb. 2021 up 136% YoY reaching ~4-5% share. Europe sales up 66% YoY reaching 14% share, China sales rose 500% YoY reaching 9% share. EV market news - EU plotting ban on internal combustion engine as of 2025: Industry. UBS increases EV market share forecas...

Hyundai (HYMLF) reports sales in the U.S expanded 115% to 75,403 units in March.Retail sales soared 153%. Hyundai fleet sales were down 58%, representing 4% of total volume.Q1 sales up 28% and retail sales jumped 38%.Retail sales for Venue +170%, Kona +169%, Tucson&#x...

Hyundai Motor (HYMLF) plans to temporarily suspend production at its Ulsan No.1 plant in South Korea from April 5 to April 13 due to the global chip shortage, according to Korea Economic Daily. The Ulsan factory produces 311K vehicles annually including the Kona Electric and Ioniq 5. Hyundai ...

European Union car registrations reported lowest February on record since 2013 of -19.3% to 771,486 units, followed by 24% decline in January, as COVID containment measures and uncertainty continue to weigh heavily on demand.Registrations in Italy -12.3%, Germany -19.0%, France -20....

Hyundai launches the BEV IONIQ 5 on its E-GMP platform, with IONIQ 6 and IONIQ 7 coming. Hyundai has success with BEV exports to Europe. Meanwhile Toyota keeps promoting fuel cells with a package available for a variety of products for third-party developers. Hyundai at the fr...

LG Chem (LGCLF) has agreed to be responsible for a majority of the cost of a recall of electric vehicles tied to the risk of battery fires.The 1T won ($890M) recall covers 81,700 Hyundai Motors (HYMLF) vehicles sold in South Korea, the U.S. and Europe.The recall is especially costly due ...

British auto data start-up Wejo is reportedly set to go public through a SPAC deal that will value the company at more than $2b.Wejo is still working to finalize a deal with an unidentified SPAC, according to the Reuters report. Weijo organizes data from connected vehicles for clients includi...

The automobile company is not an overly attractive industry for investors; this also, in general, holds true for EV stocks. EVs have their specific problems on top of that, including concerns about commodity availability. Yet, EV stocks are priced for perfection. Even with a lot o...

Hyundai (HYMLF) reports sales in the U.S decreased 9% to 48,333 units in February.Retail sales were down 2%. Hyundai fleet sales were down 47%, representing 9% of total volume.Retail sales for Venue +13%, Kona +4%, Tucson +9%, Santa Fe +26% and the entire eco-fri...