Latest news with #HyundaiMotorCompany
Miami Herald
3 hours ago
- Automotive
- Miami Herald
Hyundai Beats Q2 Forecasts Thanks to Strong U.S. Sales and Hybrid Demand
Hyundai Motor Company has announced its business results for the second quarter. Like all automakers, the Korean brand's performance is under increased scrutiny in light of the challenges created by tariffs. The brand's second-quarter revenue reached a record KRW 48.29 trillion (South Korean won), which translates to roughly $35.3 billion. This amounts to a year-on-year increase of 7.3%. However, the company's operating profit dropped by 15.8% year-on-year to KRW 3.6 trillion (approx. $2.62 billion); this just about beat estimates of KRW 3.5 trillion (approx. $2.55 billion). Strong demand in the North American market, along with the popularity of hybrid models, helped Hyundai navigate a tough environment in Q2. Between April and June 2025, Hyundai sold a total of 1,065,836 units globally, a 0.8% increase over the same period last year. Outside of Korea, sales were up by 0.7%, but North American sales growth stood out, rising by 3.3% over this period. The Tucson, Sante Fe, and Elantra all performed strongly for the brand. Previously, we reported on strong first-half sales for Hyundai in the United States, boosted by a rise in electrified vehicle sales. Globally, sales of electrified Hyundais increased to over 262,000 units, an increase of 36.4%. Hybrid sales in Q2 hit 168,703 units globally, a record figure that represents a 38.5% increase over the same period in 2024. Operating profit was already down in Q2, but the current 25% tariff on Korean vehicles is expected to be felt more severely in the current quarter. That's because Hyundai Motor front-loaded shipments to reduce the blow of tariffs, but this inventory is now drying up, reports Reuters. Instead of increasing prices like many other automakers, Hyundai absorbed the higher costs associated with tariffs, saying it will adjust prices of vehicles in the U.S. based on market conditions and competitors, rather than tariffs. However, Hyundai is expected to soon find itself at a disadvantage when compared to Japanese automakers. Trump's new trade deal with Japan will reduce tariffs for brands like Toyota and Honda, giving them a competitive advantage. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Korea Herald
9 hours ago
- Automotive
- Korea Herald
Hyundai Motor's Q2 profit hit by US auto tariffs
Korean automaker keeps yearly guidance for now, yet hints at updates based on tariff deal between Seoul and Washington Hyundai Motor Company has taken a hit from the United States' auto tariffs as the Korean automaker announced on Thursday a steep year-on-year decline in its operating profit from the second quarter. According to Hyundai Motor's conference call over its second quarter earnings, the automaker logged 48.3 trillion won ($35.4 billion) in revenue and 3.6 trillion won in operating profit in the second quarter. Although quarterly revenue increased by 7.3 percent from the same period last year, operating profit went down by 15.8 percent on year. The last time Hyundai Motor suffered a year-on-year quarterly operating profit dip of 10 percent or higher was in the third quarter of 2020. The automaker said the falling second-quarter profitability was 'partly' a result of the impacts of the 25 percent US tariffs on Korean auto imports, which took effect in April. Hyundai Motor Company's chief finance officer Lee Seung-jo noted that the company underwent a 'minus effect of 828.5 billion won' from the tariff in the second quarter, saying that it has prepared short-term and mid- to long-term action plans to cope with lingering uncertainties, particularly the ongoing levy negotiations between Seoul and Washington. 'Considering that the current tariff policies as of today remain, in the short term, we will carry out flexible incentive and price measures, cut the costs of materials and processes through efficient production and push for contingency plans within investment budgets,' said Lee during the conference call. 'For the mid- to long-term, we will closely review options to expand the local production (in the US) and respond to the market. On top of handling the tariffs, we will continue to put efforts in improving the company's fundamentals.' Lee added that the company will actively communicate with its stakeholders after August 1 — the postponement deadline for the "reciprocal" tariffs imposed by US President Donald Trump on Korea — should there be any changes to the yearly earnings guidance once the levy talks are finally settled between the two countries. The sectoral auto tariffs have been in effect despite the delay of the "reciprocal" tariffs. Hyundai Motor set out the yearly guidance to achieve a 3 to 4 percent growth rate in annual revenue and post a 7 to 8 percent operating profit margin for 2025 in January. According to Hyundai Motor, it sold approximately 1.07 million cars globally between April and June, up 0.8 percent from the second quarter of 2024. The company pointed out that the sales of eco-friendly vehicles jumped 36.4 percent on year to 262,126 units based on the expansion of electric vehicle sales as well as the hybrid lineup in Europe. 'Due to sales increases in major markets such as (Korea,) the US and Europe, we were able to achieve qualitative growth, but our profit took a step back due to reasons such as the fallout of the US tariffs and increasing cost of global incentives and sales due to intensifying competition,' said a Hyundai Motor official.
India Today
11-07-2025
- Automotive
- India Today
Hyundai Ioniq 6 N debuts at Goodwood Festival of Speed
Hyundai Motor Company has taken the wraps off its latest performance EV, the IONIQ 6 N, at the Goodwood Festival of Speed in on the momentum of the Ioniq 5 N, the Ioniq 6 N is Hyundai's second high-performance electric vehicle under the N brand. It reflects the brand's motorsport DNA and technological innovation drawn from racing programs and 'rolling lab' with a dual-motor setup delivering up to 650bhp (478kW) and 770Nm of torque, the Ioniq 6 N rockets from 0–100 kmph in just 3.2 seconds using N Launch Control and tops out at 257kmph, reinforcing its track-capable credentials without sacrificing daily drivability. Engineering prowess and performance innovations The Ioniq 6 N integrates a host of advanced features tailored for dynamic driving, including:N Grin Boost, offering 10 seconds of maximum acceleration,N Drift Optimiser for personalised drift characteristics,N Torque Distribution with 11 selectable levels of torque balance,N e-Shift, simulating gear shifts for more visceral driver feedback,N Active Sound+, adding acoustic drama with customizable sound debuting is the N Track Manager, allowing users to create custom track maps and analyse performance data, including lap times and ghost car elements like the swan neck rear wing, widened fenders, and a sleek 0.27 drag coefficient contribute to high-speed stability and aggressive styling. Suspension is enhanced with stroke-sensing ECS dampers for superior handling precision, while the N Battery system ensures optimal thermal management for peak performance under all Ioniq 6 N headlined Hyundai's electrified showcase at Goodwood, where attendees also witnessed the vehicle's dynamic prowess during the much-anticipated 'N Moment' on July 10. This special hill climb demonstration featured the full Hyundai N lineup, including Ioniq 5 N, i30 N, RN24, and multiple rally-spec models. Festival visitors were treated to an immersive experience at Hyundai's trackside booth, which offered exclusive merchandise, test drive simulations, and a closer look at optional N Performance Parts developed to further personalise the Ioniq 6 N for both road and circuit Next?Hyundai's performance push continues as the Ioniq 6 N joins a growing portfolio of electrified performance vehicles aimed at driving enthusiasts and everyday users alike. With a global vision of 'Progress for Humanity,' Hyundai is demonstrating that zero-emission performance can be thrilling, responsive, and emotionally vehicle will be available in multiple colours including Performance Blue Pearl, Gravity Gold Matte, and Nocturne Grey, and more market-specific details including range and pricing are expected to Auto Today Magazine- Ends
Hindustan Times
11-07-2025
- Automotive
- Hindustan Times
Hyundai Ioniq 6 N debuts globally at Goodwood Festival of Speed
The Hyundai Ioniq 6 N is a performance-oriented electric sedan. Notify me Hyundai Motor Company has officially taken the wraps off the Ioniq 6 N at the 2025 Goodwood Festival of Speed. The Hyundai Ioniq 6 N has been positioned as a landmark model in its high-performance N division's electrification journey. This latest offering follows last year's Ioniq 5 N and builds on Hyundai N's electric motorsport experience to create a track-ready yet street-capable electric vehicle. At the core of the Ioniq 6 N is Hyundai N's three-pillar philosophy: Corner Rascal, Racetrack Capability, and Everyday Sportscar. According to Hyundai, the new EV combines exhilarating track performance with the refinement expected from a daily driver, thanks to reengineered suspension geometry, advanced vehicle control software, and enhanced acoustic feedback systems. Hyundai Ioniq 6 N: Performance battery Producing 650 PS (478 kW) and 770 Nm of torque, the Ioniq 6 N sprints from 0 to 100 kmph in just 3.2 seconds using N Launch Control. It achieves a top speed of 257 kmph. Hyundai has equipped the car with a revamped N Battery management system featuring optimised temperature control and quicker conditioning times, allowing it to handle everything from drag races to endurance runs without sacrificing reliability. Also Read : Hyundai, IIT Madras to set up ₹ 180 Cr green hydrogen R&D hub in Tamil Nadu Aerodynamic enhancements, such as a swan-neck rear wing and widened fenders, not only improve high-speed stability but also emphasise its aggressive design. Complementing this, the car debuts a new Performance Blue Pearl colour, offering a richer, more refined finish. Further technical highlights include newly developed stroke-sensing ECS dampers for electronically controlled suspension, which enhance handling precision and ride comfort, whether on the street or on the circuit. The lowered roll centre geometry contributes to improved grip and stability at high speeds. Hyundai Ioniq 6 N: Software The Ioniq 6 N introduces several in-house developed control technologies that aim to heighten driver engagement. N Active Sound+ simulates various engine sounds through stereo speakers, offering modes like Ignition, Evolution, and Lightspeed. These can be customised according to the driving mood or scenario. Hyundai's N e-Shift system replicates the feel of close-ratio gear changes typically found in petrol performance cars, working in tandem with features like N Drift Optimiser, N Grin Boost, and N Torque Distribution. The new N Ambient Shift Light enhances the driving experience by visually indicating optimal shift points through dynamic interior lighting. For track enthusiasts, the N Track Manager feature offers in-depth performance analytics, letting drivers create custom tracks, monitor lap times, and even visualise ghost cars for competitive benchmarking. The system is complemented by drift optimisation tools, allowing precise control over drift characteristics. Also Read : Hyundai sales surpass 1.1 million units for sunroof-equipped cars in just 5 years Hyundai Ioniq 6 N: Showcased at Goodwood Hyundai has made the Ioniq 6 N the focal point of its Goodwood Festival of Speed presence this year. Positioned near the famous Hillclimb course, the Hyundai N booth offers visitors a grandstand view of the event's high-speed action. Interactive tours within the booth allow visitors to explore Hyundai N's full electrified lineup, including the Ioniq 5 N, Ioniq 5 N TA Spec, and Ioniq 6 N variants fitted with N performance parts. The highlight of Hyundai's participation is set for July 10 with the 'N Moment' demonstration run, a synchronised showcase featuring the full N lineup, including the Ioniq 6 N, in action on the Hillclimb circuit. Speaking at the event, José Muñoz, President and CEO of Hyundai Motor Company, emphasised that the Ioniq 6 N is designed to provide high-performance EV enthusiasts with 'a thrilling new avenue to electrify their passion both on the road and the track." Check out Upcoming EV Cars in India. First Published Date: 11 Jul 2025, 09:28 am IST
Cision Canada
10-07-2025
- Automotive
- Cision Canada
Hyundai Motor IONIQ 6 N Debuts at Goodwood Festival of Speed, Setting New Benchmark for High-Performance EVs
Hyundai Motor Company has unveiled IONIQ 6 N, its second high-performance EV, at the iconic Goodwood Festival of Speed in West Sussex, England Building on the success of the award-winning IONIQ 5 N, IONIQ 6 N integrates cutting-edge technologies and capabilities derived from Hyundai N's motorsport programs and 'rolling lab' initiatives The model embodies Hyundai N's core principles — Corner Rascal, Racetrack Capability and Everyday Sportscar — delivering exceptional handling and an aerodynamic design that ensures stability and confidence at high speeds With an official 0-100 km/h time of just 3.2 seconds (using N Launch Control) and a top speed of 257 km/h, IONIQ 6 N is a formidable presence on both road and track Festival attendees can witness the power of Hyundai N in action during the 'N Moment' showcase on July 10, featuring a dynamic display of iconic Hyundai N models as they take on the legendary Goodwood Hillclimb SEOUL, South Korea and CHICHESTER, England, July 10, 2025 /CNW/ -- Hyundai Motor Company today unveiled IONIQ 6 N to the world at the Goodwood Festival of Speed, marking a pivotal milestone in Hyundai N's electrification journey. From its origins in electric motorsport with Pure ETCR to the development of track-capable yet street-ready electric vehicles (EVs), Hyundai N is once again redefining the boundaries of high-performance electrification with the debut of the IONIQ 6 N. At the core of the IONIQ 6 N lies Hyundai's unwavering commitment to building high-performance EVs that deliver an exhilarating and engaging driving experience. This vision is grounded in N's three-pillar performance philosophy: Corner Rascal, Racetrack Capability and Everyday Sportscar. As such, IONIQ 6 N is engineered to thrill on the track while retaining the comfort and refinement expected for daily driving — achieving a harmonious balance between performance and practicality. Key technical advancements include fully redesigned suspension geometry, an improved N e-Shift (virtual gear shift) system that minimizes performance loss, plus better sound quality through updated hardware and extensive acoustic fine-tuning, ensuring that every drive is both engaging and immersive. By integrating these cutting-edge technologies, IONIQ 6 N not only exemplifies Hyundai N's pursuit of performance excellence but also signals a bright future for EVs within the high-performance sector. "With IONIQ 6 N, Hyundai N aims to elevate its offerings, enticing drivers with electric powertrains that offer high-performance enthusiasts a thrilling new avenue to electrify their passion both on the road and the track," said José Muñoz, President and CEO of Hyundai Motor Company. Engineering Excellence meets Electrified Performance IONIQ 6 N stands at the forefront of automotive advancement, boasting remarkable performance metrics and innovative technologies that redefine the EV driving experience. Producing an impressive 650 PS (478 kW) and 770 Nm of torque [1], IONIQ 6 N achieves a breathtaking 0-100 km/h acceleration time of just 3.2 seconds (using N Launch Control) and will go on to a top speed of 257 km/h (approximately 160 mph). Developed to meet the demands of modern high-performance driving, IONIQ 6 N features a revamped battery management system, N Battery. Engineered for optimal temperature management, the system adapts to a range of track driving scenarios — whether drag, sprint or endurance racing. The integration of battery conditioning functions leads to higher and long-lasting performance, while optimized thermal management control and an increased capacity in the battery coolant heater significantly reduce the conditioning time. This ensures that IONIQ 6 N is always ready to perform. Aerodynamics play a critical role in the design of the IONIQ 6 N, where downforce and drag reduction are thoughtfully balanced for optimum performance. Motorsport-inspired elements such as the swan neck rear wing and widened fenders not only accentuate its aggressive, track-ready appearance but also contribute to enhanced stability during high-speed cornering. Such aerodynamic efficiency ensures IONIQ 6 N delivers both visual impact and exceptional on-road composure. IONIQ 6 N is offered in a new color, Performance Blue Pearl, which adds a pearl finish to Hyundai N's signature Performance Blue. This newly developed color delivers a more refined visual expression with enhanced depth that elevates the IONIQ 6 N's performance identity. Beneath its sculpted exterior lies fully redesigned suspension geometry and a reengineered chassis, developed to elevate handling precision and road holding. This advanced set up enhances track performance while preserving the ride comfort expected in daily driving. With a lowered roll center, IONIQ 6 N also delivers greater high-speed stability and improved cornering grip, making it a versatile performer on both the street and the circuit. Further elevating the driving dynamics are the new stroke sensing ECS (Electronically Controlled Suspension) dampers. By integrating stroke sensors, the system allows for a wide range of damping force adjustments to suit varying driving conditions — from everyday commutes to intense track sessions. The result is improved ride quality and more predictable, responsive handling. "IONIQ 6 N combines formidable power, sophisticated battery management, aerodynamic mastery and advanced suspension systems to deliver a compelling blend of speed, stability and comfort, setting new benchmarks in modern automotive engineering," said Manfred Harrer, Executive Vice President and Head of Vehicle Development Tech Unit at Hyundai Motor Company. Next-Level Engagement: Advanced Vehicle Control in IONIQ 6 N IONIQ 6 N redefines the EV driving experience through its in-house developed advanced vehicle control software, optimized to enhance every aspect of driver interaction with the vehicle. Central to this interconnected experience is the N Active Sound + system, which brings a dynamic audio dimension to the driving experience. Powered by a stereo sound source and performance-enhanced Acoustic Design Processor (ADP) it delivers an enriched sound stage that makes each journey aurally immersive. Drivers can choose from bespoke sound modes tailored to specific moods and driving scenarios — from the motorsport-inspired 'Ignition' to the heritage-infused EV sound 'Evolution', and the futuristic sci-fi tones of 'Lightspeed'. Each mode offers a captivating auditory experience. Elevating the sense of performance even further is N e-Shift, Hyundai N's innovative shift control feature. By simulating motorsport-inspired close gear ratios, N e-Shift heightens responsiveness and strengthens the driver's connection to the car. Now fully compatible with key performance features including — N Launch Control, N Drift Optimizer, N Grin Boost and N Torque Distribution — N e-Shift ensures a seamless integration of control and power. Adding to the sensory experience is the N Ambient Shift Light, a unique interior lighting feature that visually cues precise shift points for optimal performance. This synchronized ambient glow transforms the cockpit into an arena where every gear change is not just felt but seen, further enhancing driver immersion. The N Track Manager empowers drivers to tailor and analyze their on-track performance like never before. This intelligent feature allows users to create custom tracks, monitor speed data, and evaluate performance through real-time ghost car visuals and detailed lap time analysis. By offering advanced track data management, N Track Manager further solidifies IONIQ 6 N as a track-capable EV engineered to meet a wide range of performance demands. Complementing this is the N Drift Optimizer, which offers unparalleled control over the vehicle's drift characteristics. With customizable parameters for drift initiation, angle and wheel spin drivers can fine-tune the vehicle's behavior to suit their skill level and driving style. Together, these driver-focused features demonstrate Hyundai N's commitment to delivering a versatile and exhilarating driving experience. By pushing the boundaries of advanced vehicle control software, the IONIQ 6 N opens new dimensions in driver engagement — for enthusiasts and everyday drivers alike. In tandem with the launch of IONIQ 6 N, a range of N performance parts will be available. Drawing on Hyundai N's motorsport heritage, these components let customers further personalize their vehicle and experience track-inspired performance on the street or circuit. Follow our Hyundai Global Newsroom Instagram channel @hyundai_mediahub for more content from the IONIQ 6 N's global debut.
