Earnings Calls: Q1 '25 Highlights (part 1)

EVs, Tesla Protests, Tariff Supply Chain Impacts, 45z, Big Ag & Big Oil

Hyundai (HYMTF)

“…High EV sales growth rate in the U.S. and European markets led to a year-over-year 40.4% increase, and hybrid sales also increased by 40.4% year-over-year, driven by hybrid SUV sales growth…”

-Michael Yun (Head of IR)

“…we will conduct a cost reduction via production efficiency improvement at our newly opened HMGMA and original Alabama plant. We will also implement mid to long-term U.S. localization strategies, which include parts sourcing and logistics…”

-Seung Jo Lee (EVP Planning & Finance)