Hyundai Q4 operating profit weighed down by slow EV growth

Gain of 0.2% on year also affected by strength in South Korean won

KIM JAEWON, Nikkei staff writer

SEOUL -- Hyundai Motor eked out a gain in operating profit in the fourth quarter of 2023 from the same period the year before as electric vehicle (EV) sales slowed and unfavorable foreign exchange rates weighed on results.

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