South Korean automaker Hyundai Motor Company saw a 20.5% drop in net profits to KRW 2.548 trillion in Q3 2025 due to US import tariffs. Operating profit also fell by 29.1% to KRW 2.537 trillion. The US recently negotiated down the tariff rate on South Korean imports to 15%.

Hyundai expects lower auto tariffs to level the playing field in the US. Global vehicle deliveries increased by 2.6% to 1.038 million in the quarter, with revenues rising by 8.8% to KRW 46,721 billion. SUV sales rose by nearly 9% to 659,000 units, while electrified vehicle sales increased by 25% to 252,000 units.

Domestic wholesale deliveries in South Korea rose by 6.3% to 181,000 units, US sales increased by 2.4% to 257,000 units, and European sales were up by 7.9% at 150,000 units in Q3.

Read more at Yahoo Finance: Hyundai’s profit falls 20% in Q3 on US tariffs