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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hyundai Motor Company    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
  Report
End-of-day quote. End-of-day quote Korea Stock Exchange - 12/02
182500 KRW   -0.54%
02:21pUBER IN ADVANCED TALKS TO SELL AIR TAXI UNIT : Axios
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10:15aHyundai Motor makes major push into electric
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04:17aHyundai Motor to launch dedicated EV platform in major push into electric cars
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Hyundai Motor shares rise as much as 10% on Ioniq EV plan

08/09/2020 | 09:17pm EST

SEOUL, Aug 10 (Reuters) - Hyundai Motor Co stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker by 2025.

In an announcement earlier on Monday, Hyundai said the elevation of Ioniq from individual vehicle nameplate to a brand will support its goal of capturing 10% of global EV sales within five years.

Hyundai shares reached as much as to 162,000 won ($136.47) in a broader KOSPI market that was up 0.4% at 0122 GMT.

Other auto shares also rose, with affiliate automaker Kia Motors Corp up 5.6% and parts suppliers Hyundai Mobis Co Ltd and Mando Corp climbing as much as 7.4% and 5.3% respectively.

"With the launch of a new EV family brand, shares of Hyundai Motor are rallying today, reflecting investors' hope that the auto industry will outperform compared to other industries," said analyst Kwon Soon-woo at SK Securities.

Trevor Milton, chief executive of EV startup Nikola Corp , said he would like to cooperate with Hyundai in an interview with the Chosun Ilbo newspaper published on Sunday. He said he had twice made proposals to Hyundai that were rejected.

Hyundai Motor declined to comment when contacted by Reuters.

Hyundai Motor Group leader Euisun Chung last month said Hyundai Motor and Kia Motors aim to sell 1 million battery-driven electric vehicles in 2025, together targeting more than 10% of the global market share for such vehicles.

On Monday, Hyundai said that starting in early 2021, it would introduce three all-electric models under the Ioniq brand.

They include the Ioniq 5, a midsize crossover based on the 2019 Hyundai 45 concept; in 2022, the Ioniq 6 sedan, based on the Hyundai Prophecy concept unveiled earlier this year; and in early 2024, the Ioniq 7, a large crossover.

($1 = 1,187.0900 won) (Reporting by Heekyong Yang and Joori Roh; Editing by Kim Coghill and Christopher Cushing)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI CORPORATION -0.33% 14950 End-of-day quote.-16.48%
HYUNDAI MOBIS CO.,LTD -0.82% 240500 End-of-day quote.-6.05%
HYUNDAI MOTOR COMPANY -0.54% 182500 End-of-day quote.51.45%
KIA MOTORS CORPORATION 1.67% 60800 End-of-day quote.37.25%
KOSPI COMPOSITE INDEX 1.38% 2672.59 Real-time Quote.19.88%
MANDO CORPORATION 4.24% 54100 End-of-day quote.53.69%
NIKOLA CORPORATION 5.47% 18.32 Delayed Quote.68.32%
SK SECURITIES CO., LTD. -0.60% 824 End-of-day quote.35.75%
All news about HYUNDAI MOTOR COMPANY
02:21pUBER IN ADVANCED TALKS TO SELL AIR T : Axios
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More news
Financials
Sales 2020 104 088 B 94,5 B 94,5 B
Net income 2020 1 874 B 1,70 B 1,70 B
Net Debt 2020 57 035 B 51,8 B 51,8 B
P/E ratio 2020 24,7x
Yield 2020 2,06%
Capitalization 38 490 B 34 907 M 34 949 M
EV / Sales 2020 370x
EV / Sales 2021 333x
Nbr of Employees -
Free-Float 71,0%
Chart HYUNDAI MOTOR COMPANY
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Hyundai Motor Company Technical Analysis Chart | A005380 | KR7005380001 | MarketScreener
Technical analysis trends HYUNDAI MOTOR COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 225 615,38 KRW
Last Close Price 182 500,00 KRW
Spread / Highest target 42,5%
Spread / Average Target 23,6%
Spread / Lowest Target -23,3%
EPS Revisions
Managers
NameTitle
Mong-Koo Chung Co-Chief Executive Officer & Honorary Chairman
Won-Hui Lee Co-President, Co-CEO & Director
Eui-Sun Chung Chairman
José Munoz Global Chief Operating Officer
Byeong-Cheol Choi Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
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