Hyundai: High-Margin SUV Sales Help Lift 2023 Profits As EV Offensive Continues
Autos / Global / Mon 18 Mar, 2024
Key View:
- Hyundai reported solid 2023 and Q423 revenue and profit growth, driven by a favorable product mix emphasizing higher-margin SUV models, which boosted the average selling price.
- The carmaker plans to adapt plants for flexible manufacturing of both ICE and EV vehicles on a single line to respond dynamically to demand and supply