Hyundai Motor Co (HYMLF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.537 -- 00:00:05.263 Hello, this is Michael Yoon, the head of IR Group. 00:00:05.263 -- 00:00:11.191 Welcome to Hyundai Motor Company's 2025 Q1 Business Results Conference Call. 00:00:11.191 -- 00:00:15.476 On behalf of Hyundai Motor Company, I appreciate your time for participating in today's 00:00:15.476 -- 00:00:20.643 call. Please refer to the presentation titled HMC 2025 Q1 00:00:20.643 -- 00:00:26.248 Business Results on our IR website. This presentation includes sales performance 00:00:26.248 -- 00:00:28.510 and profit analysis. 00:00:28.510 -- 00:00:32.954 And for a summary of quarterly cash flow statement and detailed regional sales breakdowns, 00:00:32.954 -- 00:00:37.178 please refer to the appendix. First, the sales performance. 00:00:37.178 -- 00:00:41.222 For your reference, starting from this quarter, we have slightly adjusted the scope of 00:00:41.222 -- 00:00:46.607 disclosed sales performance data, taking into consideration factors such as the increased 00:00:46.607 -- 00:00:51.230 significance of the U.S. market and our major business regions. 00:00:51.230 -- 00:00:56.837 In Q1 of 2025, the global wholesale recorded 1,001,120 units, down 0.6% 00:00:56.837 -- 00:00:58.837 year 00:00:59.341 -- 00:01:05.786 over year, while global retail sales totaled 956,354 units, 00:01:06.109 -- 00:01:08.310 an increase 00:01:08.392 -- 00:01:10.275 of 1.0% year 00:01:10.275 -- 00:01:15.542 over year. Although the global wholesale slightly declined year over year, wholesale, 00:01:15.542 -- 00:01:21.226 excluding China, rose by 1.3% year over year. 00:01:21.233 -- 00:01:23.516 In the U.S. market, 00:01:23.516 -- 00:01:28.584 the market continued its steady sales momentum driven by hybrid models showing a year-over-year 00:01:28.584 -- 00:01:31.669 inc...