Hyundai: Large deficit due to investment in Motion!

Hyundai: Large deficit due to investment in Motion!

-The possibility that it will end in a big failure-

Hyundai Motor:

Invested in Motional, an autonomous driving company in the United States.

It suffered a “loss of 1.5 trillion won in investments over the past three years.”

Growing Losses, Voices of Concern:

– The nature of the new business of autonomous driving –

Operating profit cannot be expected for the time being, and the scale of loss in long-term development is large.

Self-driving company Motional is raising concerns.

Motional operating loss:

-Operating Losses in the Past 3 Years (2020-2022)-

Data provided by the Financial Supervisory Service on March 25.

Total losses amounted to KRW 1,499.5 billion (US$1,152.8 million).

In detail,
the autonomous driving joint venture established by Hyundai Motor and Aptiv, a U.S. electric vehicle company,

  • posted 231.5 billion won (US$178.0 million) in losses in 2020,
  • 516.2 billion won (US$397.0 million) in 2021
  • 751.8 billion won (US$578.2 million) in 2022.

Motional’s deficit has been snowballing because its business model is limited.

Autonomous driving has not been commercialized in earnest, so it is a big challenge for Motional to turn a profit.

In other words,
it is also said that it is difficult for

Hyundai Motor’s investment in Motional to have a greater meaning than securing future technology.

Since its establishment in 2020, Motional has been aiming to develop and commercialize self-driving vehicles (robotaxis) based on Hyundai Motor’s electrification model.

Robotaxis are supposed
to recognize the 360-degree environment around the car and detect road conditions up to 300 m ahead.

It is an IONIQ 5 car with a cylindrical LIDAR device on the roof and 30 other sensors as well.

Motional’s losses are already weighing on Hyundai Motor.

The Korean automaker’s equity method loss due to Motional’s deficit amounts to

a total of 411.1 billion won (US$316.2 million),

  • including 99.1 billion won (US$76.2 million) in 2020,
  • 122.9 billion won (US$94.6 million) in 2021,
  • 189.1 billion won (US$145.4 million) in 2022.

Hyundai Motor has a 26 percent stake in Motional,

Kia 14 percent,
Hyundai Mobis 10 percent,
Aptiv 50 percent.

– Businesskorea

http://www.businesskorea.co.kr/news/articleView.html?idxno=111605

Hyundai : Gros déficit dû à l’investissement dans Motion !

-La possibilité que ça se termine par un gros échec-

Moteur Hyundai :

Investissement dans Motional, une entreprise de conduite autonome aux États-Unis.

Il a subi une “perte de 1,5 billion de wons d’investissements au cours des trois dernières années”.

Pertes croissantes, voix préoccupantes :

– La nature du nouveau business de la conduite autonome –

Le bénéfice d’exploitation ne peut pas être attendu pour le moment et l’ampleur des pertes dans le développement à long terme est importante.

La société de conduite autonome Motional suscite des inquiétudes.

Perte d’exploitation motrice :

-Pertes d’exploitation au cours des 3 dernières années (2020-2022)-

Données fournies par le Service de surveillance financière le 25 mars.

Les pertes totales se sont élevées à 1 499,5 milliards de KRW (1 152,8 millions de dollars).

Hyundai: Großes Defizit durch Investitionen in Motion!

-Die Möglichkeit, dass es in einem großen Misserfolg enden wird-

Hyundai-Motor:

Investiert in Motional, ein Unternehmen für autonomes Fahren in den Vereinigten Staaten.

Es erlitt einen „Verlust von 1,5 Billionen Won an Investitionen in den letzten drei Jahren“.

Wachsende Verluste, Sorgen:

– Die Natur des neuen Geschäfts des autonomen Fahrens –

Ein operativer Gewinn ist vorerst nicht zu erwarten, und die Verlustskala in der langfristigen Entwicklung ist groß.

Das selbstfahrende Unternehmen Motional äußert Bedenken.

Bewegungsverlust:

-Betriebsverluste in den letzten 3 Jahren (2020-2022)-

Daten bereitgestellt vom Finanzaufsichtsdienst am 25. März.

Die Gesamtverluste beliefen sich auf 1.499,5 Milliarden KRW (1.152,8 Millionen US-Dollar).