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Hyundai N Unveils IONIQ 5 N TA (Time Attack) Spec and Collaboration with Gran Turismo at Nürburgring 24 Hours

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Hyundai N is set to compete in the Nürburgring 24 Hours, with defending champions and global car crews aiming to repeat their victory in the TCR classDrivers from Europe, North America and China to compete in the TCR classHyundai N to unveil specially equipped IONIQ 5 N TA (Time Attack) Spec at Nürburgring 24 Hours, targeting Pikes Peak records alongside the IONIQ 5 N production modelHyundai Motor announces plans to collaborate with Gran Turismo for Sim-Racing marketing activities

NÜRBURG, Germany and SEOUL, South Korea, May 31, 2024 /PRNewswire/ — Hyundai N returns to the Nürburgring Nordschleife aiming for its fourth consecutive TCR class victory at the Nürburgring 24 Hours (N24) race.

At the event, the company has also unveiled its IONIQ 5 N TA (Time Attack) Spec variant for the upcoming The Broadmoor Pikes Peak International Hill Climb (hereafter Pikes Peak International Hill Climb or PPIHC) and shared its collaboration plans with Gran Turismo, the popular sim-racing video game franchise made for PlayStation consoles.

“We are thrilled to return to the Nürburgring 24 Hours with drivers from Europe, North America and China, showing the growth of our motorsport program around the world,” said Till Wartenberg, Vice President and Head of N Brand and Motorsport at Hyundai Motor Company. “We are investing in the future of motorsport with our first ever electric Pikes Peak racer and collaboration with Gran Turismo. Motorsport passion continues to be at Hyundai N’s core as we move into the future.”

Hyundai N to run three-car TCR team at Nürburgring 24 Hours

Hyundai N heads back to the Nordschleife with three ELANTRA N TCR cars, chasing a fourth consecutive class win.

Drivers from three continents, including defending class winners and champion Hyundai Motorsport customer drivers from the competitive TCR series, are competing in the #830, #831 and #832 cars. The #830 crew of Mikel Azcona, Marc Basseng and Manuel Lauck return after claiming TCR-class victories in 2022 and 2023. Basseng and Lauck also won the TCR class at the 2021 N24 during the ELANTRA N TCR’s debut.

The Bryan Herta Autosport team, supported by Hyundai Motor America, achieved a third straight one-two finish in class for Hyundai Motorsport in 2023. The #831 team returns in 2024 with drivers Mason Filippi, Harry Gottsacker, Mark Wilkins and Bryson Morris.

The #832 entry for 2024 is driven by TCR China stars Martin (Hongwei) Cao, Rainey He, Andy Yan and Zhang Zhen Dong. Cao is the reigning 2023 national series champion.

Hyundai N’s entrants into the 2024 N24 also includes the Hyundai Driving Experience i30 Fastback N in the VT2 Front-Wheel-Drive class. In 2023, this team secured a class victory by nine laps despite a late technical issue. The 2024 crew features last year’s winners, including Marcus Willhardt and Michael Bohrer, journalist-racer Jens Dralle, and Korean Junior driver Gyumin Kim, who demonstrated his talent by winning the Hyundai N Festival and helping his team achieve podium finishes in their class at the first two NLS races of the season.

IONIQ 5 N TA Spec showcases award-winning high-performance EV prowess

At its N24 showcase, Hyundai Motor today unveiled the IONIQ 5 N TA Spec. Two of these specially equipped models will join two IONIQ 5 N production vehicles as part of an all-electric four-car effort at the 102nd running of America’s legendary Pikes Peak International Hill Climb in Colorado Springs, CO, on June 23, 2024. The team is targeting Electric Production SUV/Crossover and Electric Modified SUV/Crossover records.

 

The 687 PS IONIQ 5 N TA Spec is designed to highlight the production-spec IONIQ 5 N’s strengths without fundamentally altering the car. Notably, the production IONIQ 5 N’s standard high-performance power electric (PE) system is carried over. The IONIQ 5 N TA Spec’s maximum output has been increased through software tuning to maximize performance. This was implemented by increasing the output of the rear motor by 37 horsepower (27 kW).

In addition, Hyundai N has chosen to utilize N Active Sound+ with modified speakers (over 120 dB) to both enhance feedback for the driver and replace sirens typical of electric Pikes Peak race cars.

To adapt the car for Pikes Peak, new shock absorbers, motorsport-spec brakes, 18-inch Yokohama ADVAN 005 slick tires, and a unique high-downforce aerodynamic package have been specially applied. Additional safety enhancements include a Recaro Pro Racer SPA Hans seat, Sabelt six-point Hans safety harness, a PPIHC specification roll cage and an EV fire suppression system.

At PPIHC, the two IONIQ 5 N and two IONIQ 5 N TA Spec entrants will make the grueling ascent along a twisting 12.42-mile (20 km) course that climbs over 4,700 feet (1,438 meters) to the summit of Pikes Peak. They will face 156 turns, rapidly changing weather and high-altitude conditions that can affect both drivers and vehicles.

The IONIQ 5 N TA Spec models — wrapped in a special ‘N’ design livery — will be driven by Robin Shute, a four-time overall winner at Pikes Peak and current ‘King of the Mountain’ title holder, and Dani Sordo, a Spanish World Rally Championship driver for Hyundai Motorsport. The IONIQ 5 N production models — wrapped in a special N performance color livery — will be driven by Paul Dallenbach, 11-time PPIHC winner and three-time ‘King of the Mountain,’ and Ron Zaras, a PPIHC rookie and automotive media personality.

Hyundai Motor first competed in the PPIHC in 1992. Rod Millen won the 2-Wheel Drive Showroom Stock division with a time of 13:21.17, driving a Hyundai Scoupe equipped with the company’s then-new turbocharged dual overhead camshaft Alpha engine. Another highlight of Hyundai’s history at Pikes Peak came in 2012 when the brand set a course record of 9:46.164 with a Hyundai Genesis Coupe driven by Rhys Millen.

Hyundai N plans to collaborate with Gran Turismo

Hyundai N also announced today that it plans to collaborate with Gran Turismo (GT), the popular sim-racing video game franchise made for PlayStation consoles.

Hyundai N has a long history with Gran Turismo with the Hyundai N 2025 Vision Gran Turismo released back in 2015. And this time, Hyundai N and Gran Turismo will collaborate again for various sim-racing activities including Pikes Peak International Hill Climb (PPIHC) participation. More details will come later in this year.

In the meantime, visitors to Hyundai’s N24 booth can experience the most recent GT release, Gran Turismo 7, with 10 stations available for use. Hyundai will also be holding an on-site competition event for visiting customers during the N24 period.

IONIQ 5 N TA Spec technical specifications

IONIQ 5 N TA (Time Attack) technical specifications

PE System

Production specification IONIQ 5 N PE system including:

– Motor: up to 687 PS (through software tuning)

– Battery: 84.0kWh

– Inverter: Silicon carbide two-stage inverter

Charging
system

Production specification IONIQ 5 N charging system including:

– 800V, 400V multi-charging system

– Maximum charging speed: 350 kW

– Charge time: 10-80% in 18 minutes (under optimal conditions)

Chassis

Three-way adjustable dampers

Ride height and camber adjustable

Exterior

eN1 body modified with PPIHC-specific aerodynamic package

Wheels

18-inch 11J forged racing wheels

Tires

18-inch Yokohama ADVAN 005 slick tires

Brakes

Front

Six-piston racing calipers, racing pads

Rear

Four-piston racing calipers, racing pads

About Hyundai Motor Company

Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions while pursuing open innovation to introduce future mobility services. In pursuit of a sustainable future for the world, Hyundai will continue its efforts to introduce zero-emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai

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SOURCE Hyundai Motor Company

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Hyundai Motor Group Announces 2024 Second Half Key Executive Appointments

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November 15, 2024

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Jaehoon Chang is promoted to Vice Chair of Hyundai Motor Group – Automotive DivisionJosé Muñoz appointed as CEO of Hyundai Motor CompanySung Kim appointed as President of Hyundai Motor CompanyJun Young Choi is promoted to President of Kia Corporation; and Kyoo Bok Lee is promoted to President of Hyundai GlovisAppointment of new CEOs for the Group’s affiliates, including Cheol Seung Baek, Hyundai Transys; Joon Dong Oh, Hyundai KEFICO; Hanwoo Lee, Hyundai E&C; Woo Jeong Joo, Hyundai Engineering

SEOUL, South Korea, Nov. 14, 2024 /PRNewswire/ — Hyundai Motor Group (the Group) today announced key executive appointments for the year 2024 as part of its aims to solidify sustainable growth and better prepare for uncertainties in the global business environment.

This appointment reflects its commitment to a performance-based approach that aligns with outstanding achievements. By consolidating the Group’s core competencies and strategically placing proven leaders with verified track records in key positions, the Group aims to strengthen organizational foundations and accelerate our future transformation.

Jaehoon Chang is promoted to Vice Chair of Hyundai Motor Group – Automotive Division, effective Jan. 1st, 2025, to further strengthen the future competitiveness of the Group’s mobility business.

Looking ahead, Chang will oversee the entire value chain, including product planning, supply chain management manufacturing, and quality assessment. He will optimize business operations across the automotive business while securing internal synergies and building foundational systems for cost and quality innovation to ensure sustainable future competitiveness.

José Muñoz is appointed President and CEO of Hyundai Motor Company to advance global management framework and solidify customer-focused mobility innovation through diverse powertrain offerings, including electric, hybrid, ICE and hydrogen technologies, effective Jan. 1st, 2025.

As a result, Muñoz is appointed as the first non-Korean CEO of Hyundai Motor – identified as the ideal fit to further enhance the company’s performance thanks to his merit-based management philosophy and his commitment to recruiting top global talent. Going forward, he is expected to enhance the company’s global management systems and further elevate its stature as a leading global brand.

Sung Kim is appointed as President of Hyundai Motor Company to manage the business effectively through global economic uncertainties, effective Jan. 1st, 2025.

As part of his appointment to enhance the company’s Think Tank capabilities and better navigate various geopolitical challenges, Kim will oversee global external affairs, analyze and research domestic and international policy trends, and lead communications and PR initiatives. He will focus on increasing synergies across the company’s intelligence functions, strengthening external networking and advancing global protocol capabilities.

Jun Young Choi is promoted to President of Kia Corporation from Head of Domestic Production Division and Chief Safety Officer (CSO). Kyoo Bok Lee, CEO of Hyundai Glovis, is promoted to President.

To strengthen sustainable management and accelerate business transformation, the Group has appointed Cheol Seung Baek as CEO of Hyundai Transys and Joon Dong Oh as CEO of Hyundai KEFICO.

To address challenges in the construction industry and accelerate fundamental improvements, the Group has appointed Hanwoo Lee as CEO of Hyundai Engineering & Construction Co., Ltd. (Hyundai E&C) and Woo Jeong Joo as CEO of Hyundai Engineering Co., Ltd.

* Editor’s note: Appointment of all CEOs referenced are subject to approval by the relevant Group affiliate’s Board of Directors

About Hyundai Motor Group

Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT, and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia, and Genesis. Armed with creative thinking, cooperative communication and the will to take on any challenges, we strive to create a better future for all.

More information about Hyundai Motor Group can be found at:

http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Media Center.

SOURCE Hyundai Motor Group

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GreenPower Provides Business Update and Reports Second Quarter Fiscal 2025 Results

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November 15, 2024

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Shareholder Call Scheduled for November 15, 2024 at 10 a.m. EST/7 a.m. PST

VANCOUVER, BC, Nov. 14, 2024 /PRNewswire/ — GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today reported its second quarter fiscal year 2025 results and provided an update on its manufacturing operations.

“GreenPower spent the quarter advancing the school bus production process at its West Virginia facility by setting up an oversized paint booth and establishing production stations to increase throughput in order to meet customer orders and demands,” said GreenPower President Brendan Riley. “The increase in production coupled with manufacturing process improvements is expected to result in higher gross profit margins and cost reductions on a per unit basis as throughput improves.”

Riley said that the Company has been systematically increasing its production workforce to provide for its growing production. “Putting the workforce in place and validating the manufacturing process is key to our efficiency, and production growth which is expected to drive cost savings on a per unit basis. With these in place, GreenPower will be able to attain its longer-term manufacturing goal of producing 20 school buses per month,” he said, noting that steady, measured growth, a foundation of GreenPower’s model, is critical for maintaining quality throughout the production process.

“The growth in production complements GreenPower’s sales strategy of focusing on states where there are money and mandates for electric school buses,” added Fraser Atkinson, CEO of GreenPower. “While we continue to manufacture and sell EV school buses for current orders and contracts under both state and federal programs, the future is more focused on states that have put policies and plans in place to provide a cleaner, healthier ride for students through the deployment of electric school buses. States like California and New York, and regions like the Southwest.”

During the second quarter of GreenPower’s fiscal year 2025, the manufacturing process was exhibited when the Company produced the first Type D BEAST all-electric, purpose-built, zero-emission school bus for the 37 BEAST order from the state of West Virginia from its South Charleston plant, which was delivered at the beginning of our current quarter.  That was the second BEAST produced in the facility following the production of the Kanawha County bus purchased directly by the school district outside of the state order. Additional deliveries to fulfill the state order are planned to take place in the third and fourth quarters.

Second Quarter 2025 Highlights:

Generated revenues of $5.3 million for the three months ended September 30, 2024, an increase of 78% over the previous quarter.Delivered 11 BEAST Type D all-electric school buses, six EV Star Cargo and EV Star Cargo Plus and five EV Star Passenger Vans.Deferred revenue increased to $10.4 million, including the current portion of $7.5 million, which is expected to be realized over the next year.At the end of the quarter GreenPower had working capital of $10.1 million including inventory of $31.7 million consisting of $9.3 million of finished goods, $18.6 million of work-in-process and $3.8 million of parts and components.Received order for school buses under EPA’s Clean School Bus Program from the RWC Group for Arizona.

In October the Company completed an underwritten offering of 3,000,000 common shares raising gross proceeds of $3 million. The net proceeds from this offering are intended for the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, product development, with the remainder, if any, for general corporate purposes.  

For additional information on the results of operations for the periods ended September 30, 2024 review the interim financial statements and related reports posted on GreenPower’s website as well as on www.sedar.com or filed on EDGAR.

Shareholder Call Information

Date: Friday November 15, 2024 
Time: 7 a.m. PST/10 a.m. EST

Participant dial-in: (US) 1-844-739-3982 (Canada); 1-866-605-3852; (International) 1-412-317-5718. Ask to be joined into the GreenPower Motor Company Inc. conference call.

Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=pVZ0NwpL

Replay: (US) 1-877-344-7529; (Canada) 1-855-669-9658; (International) 1-412-317-0088
Replay access code: 4413647

For further information contact:

Fraser Atkinson, CEO
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis.  GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com

Forward-Looking Statements
This document contains forward-looking statements relating to, among other things, GreenPower’s business and operations and the environment in which it operates, which are based on GreenPower’s operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “upon”, “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. A number of important factors including those set forth in other public filings (filed under the Company’s profile on www.sedar.com) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All amounts in U.S. dollars. ©2024 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

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Announcing the Launch of “JPxData Portal (beta version)”, a Portal Site Comprehensively Covering Data Provided by JPX Group, etc.

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November 15, 2024

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TOKYO, Nov. 14, 2024 /PRNewswire/ — The JPX Market Innovation & Research, Inc., a leading global provider of Japan’s financial market data, promptly began provision of “JPxData Portal (beta version)” (hereinafter referred to as “Website”), a portal site that comprehensively introduces data provided by Japan Exchange Group, Japan Exchange Group companies and partner companies (hereinafter referred to as “JPX Group, etc.”), as of August 2024.

What is JPxData Portal?
JPX Group, etc. currently provide over 200 types of data, which are used by a wide range of users, including investors, brokerage firms, and listed companies. However, JPXI received feedback that it is difficult for users to search through due to the overwhelmingly large amount of data and know what kind of data can be used for what. This feedback led us to the launch of Website providing users with easy access to data they seek and showing how to use the data.

“JPxData Portal” is named after “a data portal site of JPX Group, etc.” and “a place where “Japan (JP)” and “data(Data)” are combined” with the letter “x.” JPXI will aim to develop Website further to make it an easy-to-use site, where any data on the Japanese market are accessible in the future.

Click here for JPxData Portal (beta version): https://clientportal.jpx.co.jp/ClientPortalEN/s/

JPxData Portal Main Features
Product List

Users can search over 200 types of data by using simple keywords such as “stock price,” “derivatives,” “margin trading,” and “ESG.”Users can check the frequency and timing of updates, the period of historical data available, file formats (PDF, CSV, Excel, etc.), and if such data are provided via an API.For some data, sample data and articles on how to use them are also provided.

Use cases

Users can find articles introducing how to use data, including examples of analysis using the data, and the differences among similar data such as stock price data and issue master data with comparison of them.Users can discover related data from an article about data users initially searched for.

Company search

Users can check basic information, timely disclosure information, filing information, corporate governance, and other information about each issue.In addition to company names and codes, users can also search by using keywords such as “cloud” and “digital transformation” based on generative AI technology.The current list of listed issues is available for free download.

Disclosure search

Users can search TDnet disclosures published for the past one year*.
* The latest one is for two business days prior.Users can leverage browser machine translation easily for financial statements and other information disclosed in HTML format. An article on how to use browser’s machine translation features and detailed usage notes is also provided.English tags are attached to Japanese documents to facilitate primary extraction of information so that users easily search for information in English.

Useful links

Users can check a list of useful websites related to the securities market*.
* Currently, only websites managed by JPX Group or related companies are available.)

About JPX Market Innovation & Research
JPX Market Innovation & Research, Inc. (JPXI) was established as a subsidiary of Japan Exchange Group, Inc. (TOKYO:8697) in 2022. It consolidates JPX Group’s data/index services and system-related services, and leads further business enhancement of JPX Group by leveraging IT technologies and new business partnerships.

Contact
Frontier Development Department,
JPX Market Innovation & Research, Inc.
E-mail: inf_dev@jpx.co.jp
Inquiry form: https://clientportal.jpx.co.jp/ClientPortalEN/s/InquiryFormEn

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SOURCE JPX Market Innovation & Research, Inc.

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