Shares of Hyundai Motor are still locked in a boxed-in range despite record earnings, which analysts attribute to a pessimistic outlook for the global car industry - particularly triggered by falling demand for electric vehicles (EV), they said Monday.
Hyundai Motor and Kia will focus on diversifying their lineups of hybrid and electric vehicles (EV), as part of their key management strategy for 2024, the nation’s two leading automakers said in a regulatory filing on Thursday, after releasing stellar earnings results.
Hyundai Motor on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 per cent on-year decline in third-quarter net profit on provisions involving engine-related services.The South Korean carmaker expected .
Seoul, Oct 24 (IANS) Hyundai Motor on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 per cent on-year decline in