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    A126560   KR7126560002

HYUNDAI FUTURENET CO., LTD

(A126560)
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Hyundai Futurenet : Motorsport names LIQUI MOLY as Customer Racing Official Supplier; Over 80 motor oils, service and care products for the workshop

06/01/2021 | 09:39am EDT

Hyundai Motorsport has named LIQUI MOLY as an Official Supplier for the Customer Racing department's race and rally projects. The German oil and additive specialist delivers more than 80 products to the Hyundai workshop in Alzenau (Germany). There, they are used to configure and prepare the vehicles.

As part of the cooperation, LIQUI MOLY's quality products are used for the Hyundai i20 R5, the new Hyundai i20 N Rally2 and also the successful Hyundai i30 N TCR, Hyundai Veloster N TCR and Hyundai Elantra N TCR touring cars. In addition to motor, gear and hydraulic oils, the product range also includes almost 80 other items. It will also support the ongoing testing and development of the cars offered to privateer teams and drivers by Hyundai Motorsport Customer Racing.

This takes on an extra significance with both the Hyundai Elantra N TCR and Hyundai i20 N Rally2 entering their first competitive events during the 2021 season. The first of the new TCR cars debuted in the USA in January, and will race in series worldwide including WTCR - FIA World Touring Car Cup, TCR Europe, TCR South America and at the Nürburgring 24 Hours. The Hyundai i20 N Rally2 is currently undergoing extensive testing ahead of planned homologation this summer.

LIQUI MOLY joining as an Official Supplier deepens the relationship between the Customer Racing department and the company. A long-standing partner of championship-winning TCR customer Engstler Motorsport, the German firm already serves as title sponsor for Engstler Hyundai N LIQUI MOLY Racing team who will take on their second season in FIA WTCR this year, with the Hyundai Elantra N TCR.

LIQUI MOLY Marketing Director Peter Baumann said: "We are really proud that Hyundai Motorsport Customer Racing has chosen LIQUI MOLY as official supplier to build and prepare their customer cars for race and rally. This is another proof for the high quality standard of our lubricants, service and care products. Hyundai has the highest reputation in motorsports as we have with our brand and our products. So this is a perfect fit for both parties".

Hyundai Motorsport Customer Racing Manager Andrew Johns said: "LIQUI MOLY has an incredibly strong reputation throughout motorsport for their high-quality range, so I am very happy to welcome them as Official Suppliers to our race and rallying projects. The wide variety of products they will supply to our workshop will ensure that we can maintain the excellent quality and superb performance of the cars we build and provide to our customers. This is especially important as we continue to increase the number of different cars we offer to our customers, with Hyundai Elantra N TCR and Hyundai i20 N Rally2 entering their first competitive events in 2021. With LIQUI MOLY as an Official Supplier for our projects I am confident we can continue to build on the successes of Hyundai customers have already celebrated and add to the profile of both the Customer racing department and new supplier."

Photos:

The Engstler Hyundai N LIQUI MOLY Racing Team in the WTCR 2020.

Hyundai Motorsport Customer Racing will use more than 80 LIQUI MOLY products in its workshop in the future.

About LIQUI MOLY

With around 4,000 items, LIQUI MOLY offers a global, uniquely broad range of automotive chemicals: Motor oils and additives, greases and pastes, sprays and car care, glues and sealants. Founded in 1957, LIQUI MOLY develops and produces exclusively in Germany. There it is repeatedly voted the best oil brand. The company sells its products in more than 150 countries and generated EUR 611 million in sales in 2020.

For more information, please contact:

Peter Szarafinski, Head of Media Relations international

LIQUI MOLY GmbH | Jerg-Wieland-Str. 4 | 89081 Ulm | Germany

Fon: +49 731 1420 189 | peter.szarafinski@liqui-moly.de

.

(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
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HYUNDAI FUTURENET CO., LTD 1.81% 4495 End-of-day quote.16.60%
HYUNDAI MOTOR COMPANY 0.67% 225000 End-of-day quote.17.19%
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Financials
Sales 2020 308 B 269 M 269 M
Net income 2020 -29 446 M -25,7 M -25,7 M
Net cash 2020 264 B 230 M 230 M
P/E ratio 2020 -14,4x
Yield 2020 2,08%
Capitalization 495 B 433 M 432 M
EV / Sales 2019 0,07x
EV / Sales 2020 0,52x
Nbr of Employees 73
Free-Float 31,4%
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Hyeong-Oh Lee Independent Director
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