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Hyundai Q1 profit triples; expects further production hit on chip shortage

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Hyundai is hoping to significantly increase its EV sales with models including the Ioniq 5.
R
By:
Reuters
April 22, 2021 08:49 AM

SEOUL -- Hyundai Motor posted a first-quarter profit that nearly tripled to its highest in four years, but warned it would have to adjust production again in May because of a chip shortage.

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