Tag: Hyundai

Hyundai Calls on Football Fans to Conquer the Weekend in New Viking-Themed Santa Fe Marketing Campaign

“With the all-new Santa Fe, we are bringing joy to every customer journey, whether that is running weekday errands, or going on a weekend family adventure – Hyundai is there for every moment, no matter where their journey takes them,” said Angela Zepeda, chief marketing officer, Hyundai Motor America. “The Santa Fe is all about… Continue reading Hyundai Calls on Football Fans to Conquer the Weekend in New Viking-Themed Santa Fe Marketing Campaign

German Manager Magazine: Hyundai: Car maker increases profits by 54 percent last year003056

The South Korean car manufacturer Hyundai has posted a sharp rise in profits last year thanks to growing popularity of its more expensive models. The surplus increased by 54 percent year-on-year to 12.27 trillion won (around 8.4 billion euros) in 2023, South Korea’s industry leader announced on Thursday. In the final quarter, the surplus reportedly… Continue reading German Manager Magazine: Hyundai: Car maker increases profits by 54 percent last year003056

Hyundai Q4 operating profit weighed down by slow EV growth

SEOUL — Hyundai Motor eked out a gain in operating profit in the fourth quarter of 2023 from the same period the year before as electric vehicle (EV) sales slowed and unfavorable foreign exchange rates weighed on results.  Hyundai said on Thursday that operating profit reached 3.4 trillion won ($2.5 billion) for the three months through December, a gain of 0.2% from the same… Continue reading Hyundai Q4 operating profit weighed down by slow EV growth

A surprising result for the Kia EV6 GT-Line RWD in AMCI Testing’s latest MP6® Real World, Fast-Charge Test

Highest-speed charging at Tesla Superchargers proves elusive even with EV6’s engineering sophistication. LOS ANGELES, Jan. 25, 2024 /PRNewswire/ — As evidenced by the amount of charging speed conversation at CES, AMCI Testing’s new MP6® testing standard continues to yield valuable, and often surprising, real-world results and the industry is starting to take notice. Why? While price… Continue reading A surprising result for the Kia EV6 GT-Line RWD in AMCI Testing’s latest MP6® Real World, Fast-Charge Test

@Hyundai: Kia announces 2023 fourth quarter business results

Kia posts 2023 Q4 global sales of 733,155 units, a 0.4% increase Y/y            … Q4 revenue increased 5% to KRW 24.33 trillion            … Operating profit of KRW 2.47 trillion; operating profit margin hits 10.1%            … Sales of electrified models increased… Continue reading @Hyundai: Kia announces 2023 fourth quarter business results

Battery startup Sion Power raises $75m in funding round led by LG Energy Solution

Sion Power said on Wednesday the battery technology startup raised $75 million in an early-stage funding round led by South Korean battery manufacturer LG Energy Solution. The company, which also received new investment from former Google CEO Eric Schmidt’s family office, Hillspire, intends to seek technical and market validation of its technology and plans to build… Continue reading Battery startup Sion Power raises $75m in funding round led by LG Energy Solution

LG Energy Solution to Invest in Promising U.S. Lithium Metal Battery Technology Startup, Solidifying Leadership in Next-Generation Battery Technology

LG Energy Solution announces equity investment in Sion Power, an Arizona-based startup that holds core patents for lithium metal battery technologies The latest investment is part of company’s dedication to open innovation, joining efforts with competent partners to tackle technological challenges SEOUL, South Korea, Jan. 24, 2024 /PRNewswire/ — LG Energy Solution (KRX: 373220), a… Continue reading LG Energy Solution to Invest in Promising U.S. Lithium Metal Battery Technology Startup, Solidifying Leadership in Next-Generation Battery Technology

@Hyundai: Kia EV9 and Sportage Hybrid Earn 2024 Edmunds Top Rated Awards

All-electric, three-row Kia EV9 named the Edmunds Top Rated Best of the Best and Edmunds Top Rated Electric SUV for its first year in production Kia Sportage Hybrid named the Edmunds Top Rated SUV for the second year in a row Today, the all-new 2024 Kia EV9 and the 2024 Kia Sportage Hybrid received 2024… Continue reading @Hyundai: Kia EV9 and Sportage Hybrid Earn 2024 Edmunds Top Rated Awards

Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt

Tesla’s profit more than doubled during the last three months of 2023 compared with a year earlier after the electric carmaker booked a tax benefit. But profit from car sales slumped after Tesla cut prices to fend off increasingly intense competition, the company said on Wednesday. Profit in the fourth quarter was $7.9 billion, up… Continue reading Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt