Hyundai’s Q4 profit jumps with EVs to fuel sales drive in 2021
Its fourth-quarter profit was up 57%, with the carmaker soon expected to introduce an EV-only platform
26 January 2021 - 18:17
Seoul — Hyundai Motor said on Tuesday it expects sales in US and China to surge in 2021, driven by the launch of new electric cars and SUVs, after reporting its best quarterly profit in more than three years.
Hyundai’s holiday-quarter profit jumped 57% on more demand for premium-margin SUVs, but overall sales volumes fell 5% amid a broader economic weakness due to the Covid-19 pandemic...
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