Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board 
Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core 
Global DRAM Chip Shortage Puts Automakers Under New Cost and Supply Pressure 
Valentino Garavani Dies at 93, Leaving Behind the Timeless Legacy of Valentino Red 
Netflix Stock Slips After Earnings as Soft 2026 Guidance Overshadows Subscriber Milestone 
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom 
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10% 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
OpenAI Launches Stargate Community Plan to Offset Energy Costs and Support Local Power Infrastructure 
Trump Signs Executive Order to Limit Wall Street Investment in Single-Family Homes 
Renault Group Global Sales Rise 3.2% in 2025 on Strong International and EV Demand 
Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years 
Lynas Rare Earths Shares Surge as Quarterly Revenue Jumps on Strong Prices 
Syrah Resources and Tesla Extend Deadline on Graphite Supply Dispute to March 
Hyundai Motors Co. started selling used cars in October last year and is expanding this business to include electric vehicles this year. This will mark the company's entry into the second-hand EV market.
Hyundai Certification Standards
According to The Korea Economic Daily, Hyundai Motors Co. aims to sell more than 10,000 certified used vehicles in 2024. The certification is being established to ease customers' anxiety about the performance and reliability of electric vehicle batteries on cars they are buying.
Moreover, the South Korean automaker will set up certification standards to determine the lifespan and any damage that the EV batteries may have. The company will carry out this initiative in cooperation with its research and development institute.
Entry Into Used EV Business
Aside from regular cars, Hyundai Motor will now include electric vehicles in the lineup of second-hand models for sale. This will effectively expand its certified used car business into EVs.
The company aims to boost its profits from the business expansion. Starting next month, the automaker will sell certified used EVs that pass comprehensive and detailed quality tests.
Target Sales for Used Vehicles in 2024
Overall, it is hoping to sell a total of 15,000 units of both fuel-powered and electric-powered vehicles. While this number may appear to be high, it was reported that this figure is actually slightly lower than Hyundai Motor's initial target. Based on the reports, the number was reduced after considering the second-hand market's slowdown.
Korea's Econovill Review quoted Hyundai Motor Company as saying, "With the certified used car business, consumers can now choose high-quality used cars that have been directly verified by car manufacturers both domestically and overseas. We will contribute to increasing the reliability of the used car market in Korea and expanding the overall market size."
Photo by: The Punisher/Unsplash
