Hyundai: auto sales and chip supplies back to pre-pandemic levels

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According to reports from europe.autonews.com, Hyundai would have overcome the so-called “chip crisis”, with the supply returning to pre-pandemic supply from Covid.

Ci & ograve; means greater availability; of cars and an upcoming growth in sales, as pointed out by the company's executive vice president, Gang Hyun Seo .

& quot; The normalization of supply and demand for chips for the auto market & egrave; expected in the third quarter, when it is expected that the capacity of the companies of semiconductors increases progressively & quot;


Hyundai spokespersons have, furthermore, stated that the operating profit in the three months preceding December 2021 is; dropped 6.8% from the previous year, for a total of $ 1.28 billion. Car sales in Europe alone have increased by 7%.

Hyundai aims to sell 4.32 million vehicles this year , which includes a 30% increase in green and electrified cars, also in the Company's plans. c & # 39; & egrave; also the new Ioniq 6, older sister of the Ioniq 5 (here our test) which will be & agrave; first launched in South Korea, in the first half & agrave; of the year. The automaker said it expects sales to increase by 20% in North America, its largest market. big, in 2022.

In addition to the obstacles in the supply chain, the increase in commodity prices weighed on profits. Hyundai said in November that the cost of iron ore in the third quarter increased by 63% (to $ 165 a ton) while aluminum was up by 63%. rose 40% (to $ 2,384 per ton) and copper & egrave; rose 48% (to $ 9,188 per ton).

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