Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Kia Motors Corporation    A000270   KR7000270009

KIA MOTORS CORPORATION

(A000270)
  Report
End-of-day quote. End-of-day quote Korea Stock Exchange - 11/26
58400 KRW   -1.02%
11/25KIA MOTORS : Workers on Partial Strike in South Korea
DJ
11/23GM hits reverse on Trump effort to bar California emissions rules
RE
11/20These 11 EV Startups Are Chasing Tesla. They -2-
DJ
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Hyundai Motor shares rise as much as 10% on Ioniq EV plan

08/10/2020 | 08:28am EST
FILE PHOTO: The Hyundai logo is seen at the Paris auto show

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)

By Heekyong Yang and Joori Roh


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI CORPORATION -0.33% 15200 End-of-day quote.-15.08%
HYUNDAI MOBIS CO.,LTD -0.81% 245500 End-of-day quote.-4.10%
HYUNDAI MOTOR COMPANY -0.28% 179000 End-of-day quote.48.55%
KIA MOTORS CORPORATION -1.02% 58400 End-of-day quote.31.83%
KOSPI COMPOSITE INDEX 0.43% 2630.85 Real-time Quote.18.21%
MANDO CORPORATION -0.63% 47050 End-of-day quote.33.66%
NIKOLA CORPORATION -0.98% 30.02 Delayed Quote.193.03%
SK SECURITIES CO., LTD. -2.37% 825 End-of-day quote.35.91%
All news about KIA MOTORS CORPORATION
11/25KIA MOTORS : Workers on Partial Strike in South Korea
DJ
11/23GM hits reverse on Trump effort to bar California emissions rules
RE
11/20These 11 EV Startups Are Chasing Tesla. They -2-
DJ
11/20These 11 EV Startups Are Chasing Tesla. They -2-
DJ
11/19KIA MOTORS : Workers Plan Partial Strike, Reuters Reports
DJ
11/19Kia Motors workers in South Korea to stage partial strike over wages, EV plan..
RE
11/09Chip maker NVIDIA signs in-car entertainment system deal with Hyundai Motor
RE
11/09Poland bets on electric car to power auto parts sector
RE
10/27S.Korea shares slide on coronavirus worries; strong Q3 GDP limits fall
RE
10/26Hyundai Motor swings to quarterly loss as engine issues batter earnings
RE
More news
Financials
Sales 2020 59 384 B 53,7 B 53,7 B
Net income 2020 1 394 B 1,26 B 1,26 B
Net cash 2020 1 300 B 1,18 B 1,18 B
P/E ratio 2020 16,7x
Yield 2020 1,81%
Capitalization 23 535 B 21 264 M 21 299 M
EV / Sales 2020 396x
EV / Sales 2021 357x
Nbr of Employees -
Free-Float 60,4%
Chart KIA MOTORS CORPORATION
Duration : Period :
Kia Motors Corporation Technical Analysis Chart | A000270 | KR7000270009 | MarketScreener
Technical analysis trends KIA MOTORS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Average target price 68 678,57 KRW
Last Close Price 58 700,00 KRW
Spread / Highest target 44,8%
Spread / Average Target 17,0%
Spread / Lowest Target -35,3%
EPS Revisions
Managers
NameTitle
Ho-Sung Song President, Co-Chief Executive Officer & Director
Jun-Young Choi Co-Chief Executive Officer, Director & VP
Woo-Jung Joo Director, Senior Managing Director & Head-Finance
Eui-Sun Chung Senior Vice Chairman
Sang-Koo Nam Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
KIA MOTORS CORPORATION31.83%21 155
TOYOTA MOTOR CORPORATION-5.35%195 776
VOLKSWAGEN AG-15.68%93 505
DAIMLER AG13.61%71 446
GENERAL MOTORS COMPANY24.21%65 067
BMW AG1.35%56 900