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Under the skin of Hyundai's XCIENT fuel cell truck

Under the skin of Hyundai's XCIENT fuel cell truck

West Australian2 days ago

Up front, it's best to underline this: Hyundai's XCIENT fuel cell truck is an electric truck. It's not driven by hydrogen but by electricity from a large on-board battery. The hydrogen is the fuel that runs the on-board battery charging. The concept of hydrogen fuel cell cars and trucks is to add an emissions-free range-extender to a battery electric driveline.
Hyundai's truck is on display at the Brisbane Truck Show, and Hyundai locally is in discussions with operators in NSW, Victoria and WA to sell or lease limited numbers of the trucks into daily operations on evaluation. Hyundai's boss of future mobility and government relations, Scott Nargar, told us that some of the operators they were speaking to were keen to own the trucks in conjunction with recognition and assistance from the Australian Renewable Energy Agency, ARENA, which exists to support industry moves towards low emissions solutions based on renewables.
The trucks will likely be a combination of prime movers and rigids but will all feature the same spec driveline. Six hydrogen tanks each with a 31kg capacity will supply two 90kW fuel cell stacks that in turn will charge a 72kWh battery. The electric motor develops 350kW (470hp) and a thumping 2237Nm of torque, delivering that urge to the drive wheels through an Allison 4500R transmission. Based on European market testing the expected range, including regenerative braking is quoted as 'up to 400km', which would comfortably out-distance similar all-electric heavy-duty trucks now in use in WA fleets. Refuelling, with a 350bar H2 station is claimed to be between 8-20 minutes.
XCIENT FC is purely hydrogen fuelled – there is no system to top-up the battery from a charging point. As long as the battery needs charging and there is hydrogen in the tanks, the fuel cell will bubble away even when the truck is parked up.
The company is presently finishing off certification and homologation issues and will be sourcing the trucks through its New Zealand operation. That's because the Korean factory only builds the trucks in left-hand drive but converted test units have been running with the Kiwis since 2023. Hence XCIENTs for Australia will dog-leg across the Tasman. No details yet but I'm aware that Hyundai Australia is seeking local conversion opportunities until enough volume can be generated to justify some RHD production from the factory.
Hyundai has been trialling this truck in 13 countries including NZ since 2021 with about 13 million kilometres in Switzerland alone. The data accumulated suggests some significant operational and logistical advantages over purely electric drivelines, however the issue of an hydrogen infrastructure looms large. Here in WA, Woodside has started a project with WA Government support to establish an hydrogen production and refuelling facility - Hydrogen Refueller @H2Perth - in the Rockingham industrial zone. Distributing the fuel to stations elsewhere in Perth, particularly the Kewdale transport hub would seem to be a necessity.
Elsewhere, Hyundai is expanding the trial in California, where 30 hydrogen fuel cell trucks working in the ports of Oakland and Richmond to haul freight containers and vehicles will shortly be integrated into trials of fully autonomous operations.

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2025 Hyundai Santa Fe Hybrid gets price hike, petrol variants unchanged
2025 Hyundai Santa Fe Hybrid gets price hike, petrol variants unchanged

The Advertiser

time6 hours ago

  • The Advertiser

2025 Hyundai Santa Fe Hybrid gets price hike, petrol variants unchanged

All Hyundai Santa Fe Hybridvehicles are now $1500 more expensive than before, and there are no corresponding specification changes. The price increase came into effect last month (on May 1, 2025) and doesn't affect non-hybrid versions of the large SUV. It sees the Santa Fe Hybrid range now open at $57,000 before on-road costs for the entry-level front-wheel drive variant, making it $4000 more expensive than the equivalent front-wheel drive petrol variant. The petrol-electric range now tops out at $76,500 before on-roads for the flagship Santa Fe Hybrid Calligraphy, which is also $4000 more than the purely petrol-powered Calligraphy. Hyundai Australia confirmed the reason for the price increase was to align the Santa Fe with other models from the brand that offer both petrol and hybrid powertrains. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. There's now a consistent $4000 divide between petrol and hybrid variants in the lineup, instead of $2500. The same $4000 gap can be found between turbocharged 1.6-litre and hybrid versions of Hyundai's Tucson mid-size SUV, and between front-wheel drive petrol and hybrid versions of the Kona small SUV. This 'realignment' comes perhaps as no surprise, given the current-generation Santa Fe launched here initially only with hybrid power in May 2024, with petrol power not arriving until December. Had the Hybrid been launched at its new price, the base price for the Santa Fe lineup at the time would have leapt by over $10,000. The Santa Fe Hybrid features a turbocharged 1.6-litre four-cylinder petrol-electric powertrain mated with a six-speed automatic transmission and either front- or all-wheel drive. Total outputs are 172kW of power and 367Nm of torque, with claimed combined cycle fuel economy of 5.6L/100km. Petrol-only variants employ a larger 2.5-litre four-cylinder engine and an eight-speed dual-clutch automatic. They're also offered with either front- or all-wheel drive. Non-hybrid Santa Fe vehicles produce 206kW and 422Nm, and consume 9.3L/100km. Both powertrains run on 91-octane regular unleaded fuel, but petrol vehicles can tow more (2000kg versus 1650kg). To the end of April, Hyundai has sold 2141 Santa Fes in Australia this year. That's up 78.3 per cent on the same period last year, though during that time the previous-generation model was in runout. Some of the Santa Fe's increase in popularity may have come at the expense of the larger Palisade SUV, which at 678 sales is down 35.8 per cent. Both of Hyundai's large SUVs are being outsold by the Santa Fe's decidedly different-looking corporate cousin, the Kia Sorento, of which 3284 examples were delivered to the end of April. This figure was down 8.9 per cent. A new-generation Palisade, bringing the option of hybrid power for the first time, is due to arrive in Australia during the fourth quarter of 2025. It's expected to be pricier than Hyundai's current-generation flagship SUV. Hyundai has previously said it expects sales to be split approximately 60:40 between the Santa Fe and the new Palisade once the new version of the latter arrives here. MORE: Everything Hyundai Santa Fe Content originally sourced from: All Hyundai Santa Fe Hybridvehicles are now $1500 more expensive than before, and there are no corresponding specification changes. The price increase came into effect last month (on May 1, 2025) and doesn't affect non-hybrid versions of the large SUV. It sees the Santa Fe Hybrid range now open at $57,000 before on-road costs for the entry-level front-wheel drive variant, making it $4000 more expensive than the equivalent front-wheel drive petrol variant. The petrol-electric range now tops out at $76,500 before on-roads for the flagship Santa Fe Hybrid Calligraphy, which is also $4000 more than the purely petrol-powered Calligraphy. Hyundai Australia confirmed the reason for the price increase was to align the Santa Fe with other models from the brand that offer both petrol and hybrid powertrains. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. There's now a consistent $4000 divide between petrol and hybrid variants in the lineup, instead of $2500. The same $4000 gap can be found between turbocharged 1.6-litre and hybrid versions of Hyundai's Tucson mid-size SUV, and between front-wheel drive petrol and hybrid versions of the Kona small SUV. This 'realignment' comes perhaps as no surprise, given the current-generation Santa Fe launched here initially only with hybrid power in May 2024, with petrol power not arriving until December. Had the Hybrid been launched at its new price, the base price for the Santa Fe lineup at the time would have leapt by over $10,000. The Santa Fe Hybrid features a turbocharged 1.6-litre four-cylinder petrol-electric powertrain mated with a six-speed automatic transmission and either front- or all-wheel drive. Total outputs are 172kW of power and 367Nm of torque, with claimed combined cycle fuel economy of 5.6L/100km. Petrol-only variants employ a larger 2.5-litre four-cylinder engine and an eight-speed dual-clutch automatic. They're also offered with either front- or all-wheel drive. Non-hybrid Santa Fe vehicles produce 206kW and 422Nm, and consume 9.3L/100km. Both powertrains run on 91-octane regular unleaded fuel, but petrol vehicles can tow more (2000kg versus 1650kg). To the end of April, Hyundai has sold 2141 Santa Fes in Australia this year. That's up 78.3 per cent on the same period last year, though during that time the previous-generation model was in runout. Some of the Santa Fe's increase in popularity may have come at the expense of the larger Palisade SUV, which at 678 sales is down 35.8 per cent. Both of Hyundai's large SUVs are being outsold by the Santa Fe's decidedly different-looking corporate cousin, the Kia Sorento, of which 3284 examples were delivered to the end of April. This figure was down 8.9 per cent. A new-generation Palisade, bringing the option of hybrid power for the first time, is due to arrive in Australia during the fourth quarter of 2025. It's expected to be pricier than Hyundai's current-generation flagship SUV. Hyundai has previously said it expects sales to be split approximately 60:40 between the Santa Fe and the new Palisade once the new version of the latter arrives here. MORE: Everything Hyundai Santa Fe Content originally sourced from: All Hyundai Santa Fe Hybridvehicles are now $1500 more expensive than before, and there are no corresponding specification changes. The price increase came into effect last month (on May 1, 2025) and doesn't affect non-hybrid versions of the large SUV. It sees the Santa Fe Hybrid range now open at $57,000 before on-road costs for the entry-level front-wheel drive variant, making it $4000 more expensive than the equivalent front-wheel drive petrol variant. The petrol-electric range now tops out at $76,500 before on-roads for the flagship Santa Fe Hybrid Calligraphy, which is also $4000 more than the purely petrol-powered Calligraphy. Hyundai Australia confirmed the reason for the price increase was to align the Santa Fe with other models from the brand that offer both petrol and hybrid powertrains. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. There's now a consistent $4000 divide between petrol and hybrid variants in the lineup, instead of $2500. The same $4000 gap can be found between turbocharged 1.6-litre and hybrid versions of Hyundai's Tucson mid-size SUV, and between front-wheel drive petrol and hybrid versions of the Kona small SUV. This 'realignment' comes perhaps as no surprise, given the current-generation Santa Fe launched here initially only with hybrid power in May 2024, with petrol power not arriving until December. Had the Hybrid been launched at its new price, the base price for the Santa Fe lineup at the time would have leapt by over $10,000. The Santa Fe Hybrid features a turbocharged 1.6-litre four-cylinder petrol-electric powertrain mated with a six-speed automatic transmission and either front- or all-wheel drive. Total outputs are 172kW of power and 367Nm of torque, with claimed combined cycle fuel economy of 5.6L/100km. Petrol-only variants employ a larger 2.5-litre four-cylinder engine and an eight-speed dual-clutch automatic. They're also offered with either front- or all-wheel drive. Non-hybrid Santa Fe vehicles produce 206kW and 422Nm, and consume 9.3L/100km. Both powertrains run on 91-octane regular unleaded fuel, but petrol vehicles can tow more (2000kg versus 1650kg). To the end of April, Hyundai has sold 2141 Santa Fes in Australia this year. That's up 78.3 per cent on the same period last year, though during that time the previous-generation model was in runout. Some of the Santa Fe's increase in popularity may have come at the expense of the larger Palisade SUV, which at 678 sales is down 35.8 per cent. Both of Hyundai's large SUVs are being outsold by the Santa Fe's decidedly different-looking corporate cousin, the Kia Sorento, of which 3284 examples were delivered to the end of April. This figure was down 8.9 per cent. A new-generation Palisade, bringing the option of hybrid power for the first time, is due to arrive in Australia during the fourth quarter of 2025. It's expected to be pricier than Hyundai's current-generation flagship SUV. Hyundai has previously said it expects sales to be split approximately 60:40 between the Santa Fe and the new Palisade once the new version of the latter arrives here. MORE: Everything Hyundai Santa Fe Content originally sourced from: All Hyundai Santa Fe Hybridvehicles are now $1500 more expensive than before, and there are no corresponding specification changes. The price increase came into effect last month (on May 1, 2025) and doesn't affect non-hybrid versions of the large SUV. It sees the Santa Fe Hybrid range now open at $57,000 before on-road costs for the entry-level front-wheel drive variant, making it $4000 more expensive than the equivalent front-wheel drive petrol variant. The petrol-electric range now tops out at $76,500 before on-roads for the flagship Santa Fe Hybrid Calligraphy, which is also $4000 more than the purely petrol-powered Calligraphy. Hyundai Australia confirmed the reason for the price increase was to align the Santa Fe with other models from the brand that offer both petrol and hybrid powertrains. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. There's now a consistent $4000 divide between petrol and hybrid variants in the lineup, instead of $2500. The same $4000 gap can be found between turbocharged 1.6-litre and hybrid versions of Hyundai's Tucson mid-size SUV, and between front-wheel drive petrol and hybrid versions of the Kona small SUV. This 'realignment' comes perhaps as no surprise, given the current-generation Santa Fe launched here initially only with hybrid power in May 2024, with petrol power not arriving until December. Had the Hybrid been launched at its new price, the base price for the Santa Fe lineup at the time would have leapt by over $10,000. The Santa Fe Hybrid features a turbocharged 1.6-litre four-cylinder petrol-electric powertrain mated with a six-speed automatic transmission and either front- or all-wheel drive. Total outputs are 172kW of power and 367Nm of torque, with claimed combined cycle fuel economy of 5.6L/100km. Petrol-only variants employ a larger 2.5-litre four-cylinder engine and an eight-speed dual-clutch automatic. They're also offered with either front- or all-wheel drive. Non-hybrid Santa Fe vehicles produce 206kW and 422Nm, and consume 9.3L/100km. Both powertrains run on 91-octane regular unleaded fuel, but petrol vehicles can tow more (2000kg versus 1650kg). To the end of April, Hyundai has sold 2141 Santa Fes in Australia this year. That's up 78.3 per cent on the same period last year, though during that time the previous-generation model was in runout. Some of the Santa Fe's increase in popularity may have come at the expense of the larger Palisade SUV, which at 678 sales is down 35.8 per cent. Both of Hyundai's large SUVs are being outsold by the Santa Fe's decidedly different-looking corporate cousin, the Kia Sorento, of which 3284 examples were delivered to the end of April. This figure was down 8.9 per cent. A new-generation Palisade, bringing the option of hybrid power for the first time, is due to arrive in Australia during the fourth quarter of 2025. It's expected to be pricier than Hyundai's current-generation flagship SUV. Hyundai has previously said it expects sales to be split approximately 60:40 between the Santa Fe and the new Palisade once the new version of the latter arrives here. MORE: Everything Hyundai Santa Fe Content originally sourced from:

Asia share markets, dollar wary on tariff news
Asia share markets, dollar wary on tariff news

The Advertiser

time6 hours ago

  • The Advertiser

Asia share markets, dollar wary on tariff news

Asian share markets have made a wary start to the week as investors navigate the shifting sands of White House tariff policy, while awaiting key US jobs data and a widely expected cut in European interest rates. There was little obvious reaction to President Donald Trump's threat late on Friday to double tariffs on imported steel and aluminium to 50 per cent, beginning on June 4, a sudden twist that drew the ire of European Union negotiators. Speaking on Sunday, Treasury Secretary Scott Bessent said Trump would soon speak with Chinese President Xi Jinping to iron out a dispute over critical minerals. White House officials continued to play down a court ruling that Trump had overstepped his authority by imposing across-the-board duties on imports from US trading partners. "The court ruling will complicate the path ahead on trade policy, but there remains an ample set of provisions available to the administration to deliver its desired results," said Bruce Kasman, chief economist at JPMorgan. "There is a commitment to maintaining a minimum US tariff rate of at least 10 per cent and imposing further sector tariff increases," he added. "An increase in ASEAN to discourage transhipment looks likely, and the bias for higher tariffs on US-EU trade persists." Markets will be particularly interested to see if Trump goes ahead with the 50 per cent tariff on Wednesday, or backs off as he has done so often before. In the meantime, caution reigned and MSCI's broadest index of Asia-Pacific shares outside Japan went flat. Japan's Nikkei fell 1.1 per cent on Monday, while South Korean stocks dipped 0.1 per cent. S&P 500 futures eased 0.2 per cent and Nasdaq futures lost 0.3 per cent. The S&P climbed 6.2 per cent in May, while the Nasdaq rallied 9.6 per cent on hopes final import levies will be far lower than the initial sky-high levels. Front-running the tariffs has already caused wild swings in the economy, with a contraction in the first quarter likely turning into a jump this quarter as imports fall back. The Atlanta Fed GDPNow estimate is running at an annualised 3.8 per cent, though analysts assume this will slow sharply in the second half of the year. Data this week on US manufacturing and jobs will offer a timely reading on the pulse of activity, with payrolls seen rising 130,000 in May while unemployment stays at 4.2 per cent. A rise in unemployment is one of the few developments that could get the Federal Reserve to start thinking of easing policy again, with investors having largely given up on a cut this month or next. A move in September is seen at around a 75 per cent chance, though Fed officials have stopped well short of endorsing such pricing. There are at least 11 Fed speakers on the diary for this week, led by Fed Chair Jerome Powell later on Monday. Fed Governor Christopher Waller said on Sunday that cuts remain possible later this year as he saw downside risks to economic activity and employment and upside risks to inflation from the tariffs. A softer jobs report would be a relief for the Treasury market, where 30-year yields continue to flirt with the five per cent barrier as investors demand a higher premium to offset the ever-expanding supply of debt. The Senate this week will start considering a tax-and-spending bill that will add an estimated $US3.8 trillion ($A5.9 trillion) to the federal government's $US36.2 trillion ($A56.3 trillion) in debt. Across the Atlantic, the European Central Bank is considered almost certain to cut its rates by a quarter point to 2.0 per cent on Thursday, while markets will be sensitive to guidance on the chance of another move as early as July. The Bank of Canada meets Wednesday and markets imply a 76 per cent chance it will hold rates at 2.75 per cent, while sounding dovish on the future given the tariff-fuelled risk of recession there. Widening rate spreads have so far offered only limited support to the US dollar. "The greenback remains near the lower end of its post-2022 range and considerably weaker than interest rate differentials would imply," noted Jonas Goltermann, deputy chief markets economist at Capital Economics. "Sentiment around the greenback remains negative and it continues to look vulnerable to further bad news on the fiscal and trade policy fronts." On Monday, the dollar had dipped 0.2 per cent on the yen to $143.79 , while the euro edged up a fraction to $1.1353 . The greenback also slipped 0.1 per cent on the Canadian dollar to $1.3727, getting no tailwind from Trump's threat of 50 per cent tariffs on Canadian steel exports. 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Speaking on Sunday, Treasury Secretary Scott Bessent said Trump would soon speak with Chinese President Xi Jinping to iron out a dispute over critical minerals. White House officials continued to play down a court ruling that Trump had overstepped his authority by imposing across-the-board duties on imports from US trading partners. "The court ruling will complicate the path ahead on trade policy, but there remains an ample set of provisions available to the administration to deliver its desired results," said Bruce Kasman, chief economist at JPMorgan. "There is a commitment to maintaining a minimum US tariff rate of at least 10 per cent and imposing further sector tariff increases," he added. "An increase in ASEAN to discourage transhipment looks likely, and the bias for higher tariffs on US-EU trade persists." Markets will be particularly interested to see if Trump goes ahead with the 50 per cent tariff on Wednesday, or backs off as he has done so often before. In the meantime, caution reigned and MSCI's broadest index of Asia-Pacific shares outside Japan went flat. Japan's Nikkei fell 1.1 per cent on Monday, while South Korean stocks dipped 0.1 per cent. S&P 500 futures eased 0.2 per cent and Nasdaq futures lost 0.3 per cent. The S&P climbed 6.2 per cent in May, while the Nasdaq rallied 9.6 per cent on hopes final import levies will be far lower than the initial sky-high levels. Front-running the tariffs has already caused wild swings in the economy, with a contraction in the first quarter likely turning into a jump this quarter as imports fall back. The Atlanta Fed GDPNow estimate is running at an annualised 3.8 per cent, though analysts assume this will slow sharply in the second half of the year. Data this week on US manufacturing and jobs will offer a timely reading on the pulse of activity, with payrolls seen rising 130,000 in May while unemployment stays at 4.2 per cent. 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"Sentiment around the greenback remains negative and it continues to look vulnerable to further bad news on the fiscal and trade policy fronts." On Monday, the dollar had dipped 0.2 per cent on the yen to $143.79 , while the euro edged up a fraction to $1.1353 . The greenback also slipped 0.1 per cent on the Canadian dollar to $1.3727, getting no tailwind from Trump's threat of 50 per cent tariffs on Canadian steel exports. In commodity markets, gold edged up 0.6 per cent to $US3310 ($A5,147) an ounce , having lost 1.9 per cent last week. Oil prices bounced after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, a relief to some who had feared an even bigger increase. Brent rose $US1.07 ($A1.66) to $US63.85 ($A99.28) a barrel, while US crude gained $US1.18 ($A1.83) to $US61.95 ($A96.33) per barrel. Asian share markets have made a wary start to the week as investors navigate the shifting sands of White House tariff policy, while awaiting key US jobs data and a widely expected cut in European interest rates. There was little obvious reaction to President Donald Trump's threat late on Friday to double tariffs on imported steel and aluminium to 50 per cent, beginning on June 4, a sudden twist that drew the ire of European Union negotiators. Speaking on Sunday, Treasury Secretary Scott Bessent said Trump would soon speak with Chinese President Xi Jinping to iron out a dispute over critical minerals. White House officials continued to play down a court ruling that Trump had overstepped his authority by imposing across-the-board duties on imports from US trading partners. "The court ruling will complicate the path ahead on trade policy, but there remains an ample set of provisions available to the administration to deliver its desired results," said Bruce Kasman, chief economist at JPMorgan. "There is a commitment to maintaining a minimum US tariff rate of at least 10 per cent and imposing further sector tariff increases," he added. "An increase in ASEAN to discourage transhipment looks likely, and the bias for higher tariffs on US-EU trade persists." Markets will be particularly interested to see if Trump goes ahead with the 50 per cent tariff on Wednesday, or backs off as he has done so often before. In the meantime, caution reigned and MSCI's broadest index of Asia-Pacific shares outside Japan went flat. Japan's Nikkei fell 1.1 per cent on Monday, while South Korean stocks dipped 0.1 per cent. S&P 500 futures eased 0.2 per cent and Nasdaq futures lost 0.3 per cent. The S&P climbed 6.2 per cent in May, while the Nasdaq rallied 9.6 per cent on hopes final import levies will be far lower than the initial sky-high levels. Front-running the tariffs has already caused wild swings in the economy, with a contraction in the first quarter likely turning into a jump this quarter as imports fall back. The Atlanta Fed GDPNow estimate is running at an annualised 3.8 per cent, though analysts assume this will slow sharply in the second half of the year. Data this week on US manufacturing and jobs will offer a timely reading on the pulse of activity, with payrolls seen rising 130,000 in May while unemployment stays at 4.2 per cent. A rise in unemployment is one of the few developments that could get the Federal Reserve to start thinking of easing policy again, with investors having largely given up on a cut this month or next. A move in September is seen at around a 75 per cent chance, though Fed officials have stopped well short of endorsing such pricing. There are at least 11 Fed speakers on the diary for this week, led by Fed Chair Jerome Powell later on Monday. Fed Governor Christopher Waller said on Sunday that cuts remain possible later this year as he saw downside risks to economic activity and employment and upside risks to inflation from the tariffs. A softer jobs report would be a relief for the Treasury market, where 30-year yields continue to flirt with the five per cent barrier as investors demand a higher premium to offset the ever-expanding supply of debt. The Senate this week will start considering a tax-and-spending bill that will add an estimated $US3.8 trillion ($A5.9 trillion) to the federal government's $US36.2 trillion ($A56.3 trillion) in debt. Across the Atlantic, the European Central Bank is considered almost certain to cut its rates by a quarter point to 2.0 per cent on Thursday, while markets will be sensitive to guidance on the chance of another move as early as July. The Bank of Canada meets Wednesday and markets imply a 76 per cent chance it will hold rates at 2.75 per cent, while sounding dovish on the future given the tariff-fuelled risk of recession there. Widening rate spreads have so far offered only limited support to the US dollar. "The greenback remains near the lower end of its post-2022 range and considerably weaker than interest rate differentials would imply," noted Jonas Goltermann, deputy chief markets economist at Capital Economics. "Sentiment around the greenback remains negative and it continues to look vulnerable to further bad news on the fiscal and trade policy fronts." On Monday, the dollar had dipped 0.2 per cent on the yen to $143.79 , while the euro edged up a fraction to $1.1353 . The greenback also slipped 0.1 per cent on the Canadian dollar to $1.3727, getting no tailwind from Trump's threat of 50 per cent tariffs on Canadian steel exports. In commodity markets, gold edged up 0.6 per cent to $US3310 ($A5,147) an ounce , having lost 1.9 per cent last week. Oil prices bounced after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, a relief to some who had feared an even bigger increase. Brent rose $US1.07 ($A1.66) to $US63.85 ($A99.28) a barrel, while US crude gained $US1.18 ($A1.83) to $US61.95 ($A96.33) per barrel. Asian share markets have made a wary start to the week as investors navigate the shifting sands of White House tariff policy, while awaiting key US jobs data and a widely expected cut in European interest rates. There was little obvious reaction to President Donald Trump's threat late on Friday to double tariffs on imported steel and aluminium to 50 per cent, beginning on June 4, a sudden twist that drew the ire of European Union negotiators. Speaking on Sunday, Treasury Secretary Scott Bessent said Trump would soon speak with Chinese President Xi Jinping to iron out a dispute over critical minerals. White House officials continued to play down a court ruling that Trump had overstepped his authority by imposing across-the-board duties on imports from US trading partners. "The court ruling will complicate the path ahead on trade policy, but there remains an ample set of provisions available to the administration to deliver its desired results," said Bruce Kasman, chief economist at JPMorgan. "There is a commitment to maintaining a minimum US tariff rate of at least 10 per cent and imposing further sector tariff increases," he added. "An increase in ASEAN to discourage transhipment looks likely, and the bias for higher tariffs on US-EU trade persists." Markets will be particularly interested to see if Trump goes ahead with the 50 per cent tariff on Wednesday, or backs off as he has done so often before. In the meantime, caution reigned and MSCI's broadest index of Asia-Pacific shares outside Japan went flat. Japan's Nikkei fell 1.1 per cent on Monday, while South Korean stocks dipped 0.1 per cent. S&P 500 futures eased 0.2 per cent and Nasdaq futures lost 0.3 per cent. The S&P climbed 6.2 per cent in May, while the Nasdaq rallied 9.6 per cent on hopes final import levies will be far lower than the initial sky-high levels. Front-running the tariffs has already caused wild swings in the economy, with a contraction in the first quarter likely turning into a jump this quarter as imports fall back. The Atlanta Fed GDPNow estimate is running at an annualised 3.8 per cent, though analysts assume this will slow sharply in the second half of the year. Data this week on US manufacturing and jobs will offer a timely reading on the pulse of activity, with payrolls seen rising 130,000 in May while unemployment stays at 4.2 per cent. A rise in unemployment is one of the few developments that could get the Federal Reserve to start thinking of easing policy again, with investors having largely given up on a cut this month or next. A move in September is seen at around a 75 per cent chance, though Fed officials have stopped well short of endorsing such pricing. There are at least 11 Fed speakers on the diary for this week, led by Fed Chair Jerome Powell later on Monday. Fed Governor Christopher Waller said on Sunday that cuts remain possible later this year as he saw downside risks to economic activity and employment and upside risks to inflation from the tariffs. A softer jobs report would be a relief for the Treasury market, where 30-year yields continue to flirt with the five per cent barrier as investors demand a higher premium to offset the ever-expanding supply of debt. The Senate this week will start considering a tax-and-spending bill that will add an estimated $US3.8 trillion ($A5.9 trillion) to the federal government's $US36.2 trillion ($A56.3 trillion) in debt. Across the Atlantic, the European Central Bank is considered almost certain to cut its rates by a quarter point to 2.0 per cent on Thursday, while markets will be sensitive to guidance on the chance of another move as early as July. The Bank of Canada meets Wednesday and markets imply a 76 per cent chance it will hold rates at 2.75 per cent, while sounding dovish on the future given the tariff-fuelled risk of recession there. Widening rate spreads have so far offered only limited support to the US dollar. "The greenback remains near the lower end of its post-2022 range and considerably weaker than interest rate differentials would imply," noted Jonas Goltermann, deputy chief markets economist at Capital Economics. "Sentiment around the greenback remains negative and it continues to look vulnerable to further bad news on the fiscal and trade policy fronts." On Monday, the dollar had dipped 0.2 per cent on the yen to $143.79 , while the euro edged up a fraction to $1.1353 . The greenback also slipped 0.1 per cent on the Canadian dollar to $1.3727, getting no tailwind from Trump's threat of 50 per cent tariffs on Canadian steel exports. In commodity markets, gold edged up 0.6 per cent to $US3310 ($A5,147) an ounce , having lost 1.9 per cent last week. Oil prices bounced after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, a relief to some who had feared an even bigger increase. Brent rose $US1.07 ($A1.66) to $US63.85 ($A99.28) a barrel, while US crude gained $US1.18 ($A1.83) to $US61.95 ($A96.33) per barrel.

2025 Hyundai Santa Fe Hybrid gets price hike, petrol variants unchanged
2025 Hyundai Santa Fe Hybrid gets price hike, petrol variants unchanged

West Australian

time6 hours ago

  • West Australian

2025 Hyundai Santa Fe Hybrid gets price hike, petrol variants unchanged

All Hyundai Santa Fe Hybrid vehicles are now $1500 more expensive than before, and there are no corresponding specification changes. The price increase came into effect last month (on May 1, 2025) and doesn't affect non-hybrid versions of the large SUV. It sees the Santa Fe Hybrid range now open at $57,000 before on-road costs for the entry-level front-wheel drive variant, making it $4000 more expensive than the equivalent front-wheel drive petrol variant. The petrol-electric range now tops out at $76,500 before on-roads for the flagship Santa Fe Hybrid Calligraphy, which is also $4000 more than the purely petrol-powered Calligraphy. Hyundai Australia confirmed the reason for the price increase was to align the Santa Fe with other models from the brand that offer both petrol and hybrid powertrains. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now . There's now a consistent $4000 divide between petrol and hybrid variants in the lineup, instead of $2500. The same $4000 gap can be found between turbocharged 1.6-litre and hybrid versions of Hyundai's Tucson mid-size SUV, and between front-wheel drive petrol and hybrid versions of the Kona small SUV. This 'realignment' comes perhaps as no surprise, given the current-generation Santa Fe launched here initially only with hybrid power in May 2024, with petrol power not arriving until December. Had the Hybrid been launched at its new price, the base price for the Santa Fe lineup at the time would have leapt by over $10,000. The Santa Fe Hybrid features a turbocharged 1.6-litre four-cylinder petrol-electric powertrain mated with a six-speed automatic transmission and either front- or all-wheel drive. Total outputs are 172kW of power and 367Nm of torque, with claimed combined cycle fuel economy of 5.6L/100km. Petrol-only variants employ a larger 2.5-litre four-cylinder engine and an eight-speed dual-clutch automatic. They're also offered with either front- or all-wheel drive. Non-hybrid Santa Fe vehicles produce 206kW and 422Nm, and consume 9.3L/100km. Both powertrains run on 91-octane regular unleaded fuel, but petrol vehicles can tow more (2000kg versus 1650kg). To the end of April, Hyundai has sold 2141 Santa Fes in Australia this year. That's up 78.3 per cent on the same period last year, though during that time the previous-generation model was in runout. Some of the Santa Fe's increase in popularity may have come at the expense of the larger Palisade SUV, which at 678 sales is down 35.8 per cent. Both of Hyundai's large SUVs are being outsold by the Santa Fe's decidedly different-looking corporate cousin, the Kia Sorento , of which 3284 examples were delivered to the end of April. This figure was down 8.9 per cent. A new-generation Palisade, bringing the option of hybrid power for the first time, is due to arrive in Australia during the fourth quarter of 2025. It's expected to be pricier than Hyundai's current-generation flagship SUV. Hyundai has previously said it expects sales to be split approximately 60:40 between the Santa Fe and the new Palisade once the new version of the latter arrives here. MORE: Everything Hyundai Santa Fe

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