Overview

• Hyundai's net profit for Q2 2024 reached $2.9 billion, a 23% increase from the previous year.
• High-margin SUV and hybrid vehicle sales in the U.S. contributed significantly to the profit surge.
• The company plans to expand its hybrid lineup in response to potential changes in U.S. electric vehicle policies.
• Despite a 24.7% drop in EV sales, Hyundai remains committed to long-term EV growth, including new models like the IONIQ 9.
• Hyundai's favorable exchange rate and improved selling prices also boosted its quarterly performance.