Volkswagen Gets Surpassed Even By Hyundai
Volkswagen Gets Surpassed Even By Hyundai
During the first three months of 2024, Hyundai Motor Group (OTC:HYMTF) surpassed Volkswagen Group (OTC:VWAGY) in terms of operating profit, taking its second place, with Toyota Group (NYSE:TM) remaining on the global auto industry throne.
在2024年的前三个月，现代汽车集团（场外交易代码：HYMTF）的营业利润超过了大众汽车集团（场外交易代码：VWAGY），位居第二，丰田集团（纽约证券交易所代码：TM）仍位居全球汽车行业的宝座。
Hyundai Surpassed Volkswagen, While Toyota Fefended Its Throne
现代超越大众汽车，而丰田捍卫了自己的王位
For the first quarter, the South Korean automaker reported operating profit of $5.09 billion, slightly above $4.94 billion that the German automaker reported, led by $7.15 reported by the Japanese automaker.
这家韩国汽车制造商公布的第一季度营业利润为50.9亿美元，略高于这家德国汽车制造商公布的49.4亿美元，其中日本汽车制造商公布的7.15美元。
With Hyundai Motor, Kia, and Genesis brands, Hyundai Motor Group has a diverse portfolio that includes internal combustion engines, EVs, as well as hydrogen-powered cars, and that is its core strength. Like Tesla Inc (NASDAQ:TSLA), Hyundai Motor has also been hit by the EV slowdown, but its EV sales have significantly grown over the years. Moreover, it continues to invest in its technical capabilities. For example, it showed interest in intellectual property of Worksport Ltd (NASDAQ:WKSP). This summer, Worksport is due to launch the world's first solar-powered tonneau cover, SOLIS. Back in 2022, Hyundai entered into a formal agreement with Worksport to get a prototype of SOLIS for its Santa Cruz pickup, as well as a modified version of COR, a portable battery system. With this power duo, Worksport promises off-grid power on the go.
现代汽车集团拥有现代汽车、起亚和创世纪品牌，拥有多元化的产品组合，包括内燃机、电动汽车以及氢动力汽车，这是其核心优势。与特斯拉公司（纳斯达克股票代码：TSLA）一样，现代汽车也受到电动汽车放缓的打击，但其电动汽车销量多年来显著增长。此外，它继续投资于其技术能力。例如，它对Worksport Ltd（纳斯达克股票代码：WKSP）的知识产权表现出兴趣。今年夏天，Worksport将推出世界上第一款太阳能酒桶盖——SOLIS。早在2022年，现代汽车就与Worksport签订了正式协议，为其圣克鲁斯皮卡购买SOLIS的原型，以及便携式电池系统COR的修改版。Worksport承诺借助这款双电源组合，随时随地提供离网电力。
Meanwhile, Volkswagen, once the world's biggest automaker, didn't do much in five years since it mapped out its EV roadmap in 2019, when it seems like it had every chance to dethrone even the mighty Tesla. Volkswagen can only dream of challenging Tesla as its transformation hasn't happened yet. To make matters worse, it got dethroned in China by the so-called Tesla killer, BYD (OTC:BYDDY) and also got new rivals in the world's biggest EV market. In attempt to avoid losing the EV race, Volkswagen partnered with a local EV maker in China, Xpeng, in February. Besides developing two vehicles that will help Volkswagen expand its portfolio in China as well as attract entry and mid-level customers, XPeng and Volskwagen will also work on software and on lowering the EV cost structure. But, even XPeng is going after Europe, and it is making its entry through Germany, Volkswagen's home.
同时，曾经是全球最大的汽车制造商的大众汽车自2019年制定电动汽车路线图以来，在五年内并没有做太多事情，当时它似乎有机会推翻即使是强大的特斯拉。大众汽车只能梦想挑战特斯拉，因为它的转型尚未发生。更糟糕的是，它在中国被所谓的特斯拉杀手比亚迪（场外交易代码：BYDDY）取而代之，在世界上最大的电动汽车市场也有了新的竞争对手。为了避免输掉电动汽车竞赛，大众汽车在二月份与中国当地的电动汽车制造商小鹏合作。除了开发两款有助于大众汽车扩大在中国的产品组合并吸引入门级和中级客户的汽车外，小鹏和大众汽车还将开发软件和降低电动汽车成本结构。但是，即使是小鹏也在追捕欧洲，它正在通过大众汽车的故乡德国进军。
Can Volkswagen bounce back at some point is another story, but right now, it finds itself in a highly competitive pickle.
大众汽车能否在某个时候反弹则是另一回事，但现在，它发现自己处于竞争激烈的困境中。
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