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Shifting attention away from US and EU tariffs on Chinese electric vehicles and the exploits of Tesla’s Elon Musk at least for a moment, the Indian subsidiary of Hyundai Motor is preparing for an initial public offering on the stock market in Mumbai.
The Biden administration reportedly will slap a 100% tariff on Chinese electric vehicle (EV) imports, except that no Chinese cars presently are offered for sale in the United States.
SEOUL -- Hyundai Motor's operating profit fell slightly in the first quarter from the same period a year ago on subdued growth in the global electric vehicle market as hybrid cars find more favor with consumers.
SEOUL (Reuters) -- South Korea's Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years to bolster its growth potential in electric vehicles and new mobility business and separately hire 80,000 new employees.
South Korea's Hyundai Motor Co on Thursday reported a 31% rise in fourth-quarter profit that missed analyst expectations due to unfavorable exchange rates as well as one-off costs related to the sale of its Russia plant in December.