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Hyundai Q3 Profit Falls on US Tariffs as Sales Grow

A cut to the US duty from 25% to 15% is set to narrow Hyundai's cost disadvantage.

Overview

  • Net profit dropped 20.5% to KRW 2.548 trillion, with tariff costs not fully passed to customers.
  • Operating profit declined 29.1% to KRW 2.537 trillion despite higher volumes and mix benefits.
  • Revenue rose 8.8% to KRW 46,721 billion as global deliveries increased 2.6% to 1.038 million.
  • SUV sales climbed about 9% to 659,000 units and electrified vehicle sales jumped 25% to 252,000.
  • Regional performance improved with US sales up 2.4% to 257,000, Europe up 7.9% to 150,000, and Korea up 6.3% to 181,000.