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

HYUNDAI MOTOR COMPANY

(A005380)
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End-of-day quote. End-of-day quote Korea Stock Exchange - 12/03
196500 KRW   +7.67%
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Hyundai Motor to Accelerate Urban Air Mobility Test Flights in Partnership with Incheon Airport, Hyundai Construction, KT

09/23/2020 | 11:41am EST

Highlights:

* Four companies will work to accelerate the development of Urban Air Mobility and establish basis for test flights under the agreement

* The work undertaken by the partnership will align with the Korean UAM Roadmap

* The partnership will support building a robust infrastructure and business model as well as innovative UAM vehicles

SEOUL- Hyundai Motor Company is partnering with Incheon International Airport Corp. (IIAC), Hyundai Engineering & Construction Co. and KT Corp. to accelerate the development of Urban Air Mobility (UAM) and work together to conduct test flights. With a memorandum of understanding signed on September 18, the four parties will work toward commercializing UAM by 2028.

In June 2020, the Korean government announced the Korean UAM Roadmap, outlining steps needed to commercialize UAM. Hyundai Motor and its partners will align with the roadmap that includes the Korean UAM Grand Challenge, the public-private joint demonstration project that provides the basis for jointly studying the construction and operation of vertiports, airports for UAMs.

Hyundai will push forward developing the UAM business and securing business cases while IIAC will work to establish the infrastructure and study feasibility of utilizing UAM as airport shuttles. Hyundai Construction will utilize its expertise to build vertiports as well as the transit hub that will connect UAM to other public transportations. KT will set up the communications infrastructure and make business cases for UAM as a mobility service. All four parties will be sharing necessary information during the development as well as jointly working on test flights.

'The breadth and depth of this partnership shows what it will take to build a comprehensive UAM ecosystem to serve megacities like Seoul,' said Jaiwon Shin, Executive Vice President and Head of Urban Air Mobility Division at Hyundai Motor. 'Building a robust infrastructure and business model is just as important as developing innovative UAM vehicles. This partnership demonstrates Hyundai's commitment to facilitating progress for humanity by ushering in a new era of urban air mobility that will revolutionize transportation.'

At CES 2020, Hyundai unveiled its innovative vision for urban mobility and its first concept Urban Air Mobility vehicle equipped with eVTOL. More information on Hyundai's announcement at CES 2020 can be found here.

End -

About Hyundai Motor Company

Established in 1967, Hyundai Motor Company offers a range of world-class vehicles and mobility services in more than 200 countries. Hyundai Motor sold more than 4.4 million vehicles globally in 2019, and currently employs some 120,000 personnel worldwide. The company is enhancing its product lineup with vehicles designed to help usher in a more sustainable future, while offering innovative solutions to real-world mobility challenges. Through the process Hyundai aims to facilitate 'Progress for Humanity' with smart mobility solutions that vitalize connections between people and provide quality time to its customers.

More information about Hyundai Motor and its products can be found at:

http://worldwide.hyundai.com or http://globalpr.hyundai.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI HCN CO.,LTD. -0.46% 3275 End-of-day quote.-3.96%
HYUNDAI MOTOR COMPANY 7.67% 196500 End-of-day quote.63.07%
KT CORPORATION 0.21% 24350 End-of-day quote.-9.81%
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Financials
Sales 2020 104 088 B 95,3 B 95,3 B
Net income 2020 1 874 B 1,72 B 1,72 B
Net Debt 2020 57 035 B 52,2 B 52,2 B
P/E ratio 2020 26,6x
Yield 2020 1,91%
Capitalization 41 378 B 37 885 M 37 902 M
EV / Sales 2020 398x
EV / Sales 2021 358x
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
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 26
Average target price 225 615,38 KRW
Last Close Price 196 500,00 KRW
Spread / Highest target 32,3%
Spread / Average Target 14,8%
Spread / Lowest Target -28,8%
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
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