Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand 
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results 
SQM Q1 Profit More Than Doubles as Lithium Prices Surge 
EU Antitrust Probe Could Lead to Massive Google Fine Under DMA Rules 
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements 
Samsung to Invest $1.5 Billion in Vietnam Semiconductor Testing Plant by 2027 
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence 
MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook 
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target 
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand 
JPMorgan Sees Biotech Sector at Turning Point, Upgrades Top Pharma Stocks 
Meta AI Push Could Add $26 Billion in Revenue by 2027, Wolfe Research Says 
SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge 
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook 
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments 
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs 
Huawei Chip Breakthrough Sparks Rally in Chinese Semiconductor Stocks 
Hyundai Motor Group officially launched its trade-in program for electric vehicles in South Korea this month. The automaker will also start selling used EVs.
Offering Affordable Vehicles via Trade-Ins
Hyundai Motors' new EV trade-in services will allow customers to buy brand-new electric vehicles at lower prices. The scheme is simple: car owners can get huge discounts by exchanging their old or used vehicles for new ones, as per The Korea Times.
On Thursday, the Korean car manufacturer said it implemented the trade-in program to lessen the burden on people who would like to purchase brand-new environmentally friendly vehicles. This move will also benefit the company since it can increase its share in the EV market through the program.
Availing Hyundai Motor's Trade-In Offer
Hyundai Motor's EV trade-in offer is now available, and the company hopes that many locals will be encouraged to buy and boost domestic EV sales. This service is open to customers who sell their vehicles to the company's certified used vehicle service and buy Hyundai's EV models, the Ioniq 5 and 6 or the Kona Electric.
The Korea Herald reported that those selling their used Hyundai or Genesis EV units will get an additional incentive discount of up to two percent of their car's sale price. They will also enjoy a KRW500,000 or $377 discount when they purchase any of the brand's EVs.
Customers who own other brands of vehicles can still sell their used units and receive an extra compensation of up to four percent of their unit's sale price. An additional KRW3,000 discount is given if they buy a new Hyundai Motor-branded electric car.
"By defending the salvage value of EVs through the certified used vehicle business, we will be able to give consumers more options to choose from," HMG said in a statement. "We plan to provide various benefits in the future so that the Hyundai-certified used vehicles service can become a trusted EV trading platform."
Photo by: The Punisher/Unsplash
