[Concall] HD Hyundai "Increase in Car Robot Orders... Need to Monitor EV New Plant Sales Further"

On the 25th, during the Q2 earnings conference call, HD Hyundai stated, "Regarding the increase in HD Hyundai Robotics sales, the IR materials explain it as 'an increase in orders for industrial robots for automobiles due to investment in a new electric vehicle plant compared to the previous quarter.' When asked if various sales related to the new electric vehicle plant could occur in the future, they responded, "We need to observe a bit more regarding sales related to the new electric vehicle plant."

HD Hyundai added, "Robot sales were influenced by the increase in automobile sales," and "there was also significant expansion of new customers due to strengthening indirect channels." They continued, "We have sufficient order volumes secured for the second half, so we expect to achieve results similar to or better than the first half, but we need to monitor the situation a bit more."

HD Hyundai Headquarters, Seongnam-si, Gyeonggi Province [Photo by HD Hyundai]