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    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
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Hyundai Motor Group to Invest $7.4 Billion in U.S. by 2025

05/13/2021 | 10:51am EDT

By Michael Dabaie

Hyundai Motor Group, which includes Hyundai Motor Co. and Kia Corp., said it plans to invest $7.4 billion in the U.S. by 2025.

The company said the investment will be to produce future electric vehicles, enhance production facilities and further its investments in smart mobility solutions.

Hyundai and Kia will monitor the market conditions and U.S. government EV policy to finalize its plan to enhance its U.S. production facilities and gradually expand its local EV production, the company said.

Hyundai and Kia will invest in growing its EV manufacturing footprint to scale production and satisfy U.S. market demands. Hyundai Motor will offer U.S.-made electric vehicles to U.S. consumers starting next year, the company said.

Hyundai and Kia will monitor the market conditions and U.S. government EV policy to finalize its plan to enhance its U.S. production facilities and gradually expand its local EV production, the company said.

Hyundai Motor Group said it also plans to expand the U.S. hydrogen ecosystem in collaboration with local private and public partners.

The group will also further invest in robotics, urban air mobility and autonomous driving technology.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

05-13-21 1050ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
HYUNDAI CORPORATION -1.26% 19600 End-of-day quote.22.88%
HYUNDAI MOTOR COMPANY -1.80% 218000 End-of-day quote.13.54%
KIA CORPORATION -3.13% 83600 End-of-day quote.33.97%
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Financials
Sales 2021 118 276 B 103 B 103 B
Net income 2021 6 171 B 5,36 B 5,36 B
Net Debt 2021 69 470 B 60,3 B 60,3 B
P/E ratio 2021 8,84x
Yield 2021 1,82%
Capitalization 46 156 B 40 067 M 40 063 M
EV / Sales 2021 0,98x
EV / Sales 2022 0,90x
Nbr of Employees 70 388
Free-Float 70,8%
Chart HYUNDAI MOTOR COMPANY
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Hyundai Motor Company Technical Analysis Chart | A005380 | KR7005380001 | MarketScreener
Technical analysis trends HYUNDAI MOTOR COMPANY
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 31
Last Close Price 218 000,00 KRW
Average target price 308 700,00 KRW
Spread / Average Target 41,6%
EPS Revisions
Managers and Directors
Eui-Sun Chung Vice Chairman & Co-Chief Executive Officer
Chang Jae-hoon Co-President & Co-Chief Executive Officer
Albert Biermann Co-President & Director
Eon-Tae Ha Co-President & Director
Moon-Sik Kwon Vice Chairman-Executive Board, Head-R&D
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1st jan.Capi. (M$)
HYUNDAI MOTOR COMPANY13.54%40 067
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