Hyundai Motor posted a 23% increase in Q2 2022 net profit to 4 trillion won, driven by strong SUV and hybrid sales.

Hyundai Motor posted record earnings in Q2 2022, with a 23% increase in net profit to 4 trillion won ($2.89 billion), driven by strong SUV and hybrid car sales, particularly in the US. The automaker's operating profit reached 4.27 trillion won ($3.08 billion), up from 3.2 trillion won in Q2 2021. Despite a slowdown in the global EV industry, Hyundai plans to focus on expanding sales of SUVs and value-added vehicles and launch its Casper Electric compact vehicle globally.

July 25, 2024
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