Hyundai and Kia projected to report $5.7bn Q2 operating profit, driven by product mix, high-end SUVs/EVs, and weak Korean won.
Hyundai and Kia, South Korean automakers, are projected to report an operating profit of over $5.7 billion in Q2, according to Yonhap Infomax. Their improved product mix and production adjustments, focus on high-end SUVs and electric vehicles, and a weak Korean won contributed to their growth. Hyundai's sales are anticipated to rise 4% to $43.99 billion, while Kia's sales are expected to increase 5.6% to $27.7 billion.
July 21, 2024
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