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Hyundai's Profit Plummets 40% Amid Tariffs, Shares Surge

1/29/2026

39 9 Full Breakdown

Summary

Story summary

Hyundai Motor Co. reported a 40% drop in fourth-quarter operating profit to 1.7 trillion won, pressured by U.S. tariffs and higher EV incentives.
The company posted a record revenue of 186.25 trillion won, driven by demand for higher-priced SUVs and Genesis models.
Hyundai plans to raise capex to 9 trillion won in 2026, up nearly one-third, to improve margins.
Hyundai Motor Co.'s shares rose 7% after the announcements.

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Story summary

Hyundai Motor Co. reported a 40% drop in fourth-quarter operating profit to 1.7 trillion won, pressured by U.S. tariffs and higher EV incentives.
The company posted a record revenue of 186.25 trillion won, driven by demand for higher-priced SUVs and Genesis models.
Hyundai plans to raise capex to 9 trillion won in 2026, up nearly one-third, to improve margins.
Hyundai Motor Co.'s shares rose 7% after the announcements.