Hyundai Motor Group chairman Chung Eui-sun has declared that he will target the Southeast Asian electric vehicle market in earnest. Currently, the Southeast Asian automobile market is dominated by Japanese brands, including Toyota. However, Chung said he would turn the tables through a massive offen
LG Energy Solution’s board of directors decided on Oct. 25 to convene an extraordinary shareholders' meeting on Nov. 1 to appoint LG Corp. vice chairman Kwon Young-soo as its new CEO.Kwon will start working as the CEO and vice chairman of LG Energy Solution on Nov. 1 after approval in an extraor
Korea Exchange announced on Oct. 24 that the aggregate value of KOSPI and KOSDAQ was 2,603.6465 trillion won on Oct. 21, up 72.8 percent as compared with the end of 2016.In that period, KOSPI rose from approximately 2,000 points to 3,000 points or so and KOSDAQ rose about 60 percent to 1,000 points
Hyundai Mobis has succeeded in developing a technology that can rotate the wheels of a car up to 90 degrees. Analysts say that the launch of a vehicle capable of crab driving that moves the vehicle from side to side as well as back and forth is not far away.Hyundai Mobis announced on Oct. 24 that it
Multiple South Korean startups developing autonomous driving technologies attracted an investment of tens of billions of won each this year. The examples include 42dot and DEEPX.In August, Shinhan Bank, Lotte Rental and STIC Ventures invested 81 billion won in 42dot, which is working on Level 4 auto
Hyundai Motor Co. is planning to create a platform dedicated to urban air mobility (UAM) and introduce passenger and cargo air vehicles in 2028, the company’s official in charge of UAM development said on Oct. 20.Lee Joong-hyun, head of Hyundai Motor's UAM development team, disclosed the plan du
Hyundai Motor Co. announced on Oct. 21 that it placed 35th in Interbrand’s Best Global Brands 2021 rankings, up one notch from 2020. According to Interbrand’s comprehensive assessment, Hyundai Motor’s global brand value rose 6.3 percent year-on-year to US$15.2 billion in 2021, its seventh straight y
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed. Maintain BUY and TP of KRW260,000 We maintain BUY on Hyundai Glovis and our TP of KRW260,000. We have revised up 2021E-2022E OP by 12.9% and 15.8%, respectively, reflecting the ongoing disruptions in the g
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed. Maintain BUY, TP of KRW300,000 We reiterate BUY and TP of KRW300,000 for Hyundai Motor Company (HMC). We have revised down our 2021E OP by 4.0% due to the semiconductor shortage, but have revised up 2022E
Hyundai Heavy Industries (HHI) has forged a strategic partnership with Korea Aerospace Industries (KAI) to complete the project of developing South Korea's first aircraft carrier.The two companies announced on Oct. 19 that they have signed a memorandum of understanding (MOU) for cooperation in d
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed. Maintain BUY, but lower TP by 5.7% to KRW330,000 We maintain BUY on Hyundai Mobis, but revise down our TP by 5.7% to KRW330,000 to reflect downward revisions to 2021E and 2022E OP of 10.6% and 6.4%, respec
Samsung SDI has joined hands with Stellantis, the world's fourth-largest carmaker. The Korean battery maker recently signed a memorandum of understanding (MOU) with Stellantis to establish a joint venture company for electric vehicle batteries. The MOU is expected to accelerate the Korean batter
A restructuring of the Korean shipbuilding industry has been drifting for two years and nine months because of the European Union’s reluctance to endorse a business combination of Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME).Among the six countries that had been
LG Energy Solution, SK On and Samsung SDI are preparing to manufacture next-generation high-nickel batteries for use in electric vehicles.LG Energy Solution and SK On are planning to start NCMA and NCM9 battery manufacturing within this year, respectively. Samsung SDI initiated the mass production o
Hyundai Motor Group is facing the double whammy of global automotive chip shortage and protectionist policies in the U.S., European and Chinese car markets.At present, the U.S. electric vehicle market barrier is rising more than ever. The U.S. Congress is working on a new bill so that additional sub
Japanese shipping line Iino Kaiun recently asked Hyundai Mipo Dockyard to build a 23,000 cubic meter ammonia-ready ship. The carrier is scheduled to be delivered in December 2023.An ammonia-ready vessel is powered by LNG, LPG, or the like and can be turned into an ammonia-powered ship if necessary.
Hyundai Motor and Kia recorded the highest-ever market share in Europe in September. The two Korean automakers alone achieved high growth in the European market, while other global makers suffered a sharp sales drop.Hyundai Motor and Kia sold a combined total of 108,344 vehicles in Europe in Septemb
The Korea Automobile Manufacturers Association announced on Oct. 17 that South Korean automakers produced 761,975 cars in the third quarter of this year. It is the lowest Q3 figure in 13 years and dropped 20.9 percent from a year ago.In the first half of this year, Hyundai Motor Company’ production
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. A decline in market share for Hyundai CE in China has emerged as a new concern. We expect Chinese market shrinking effects to be offset by growth in other regions. Hyundai CE is in the midst o
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Considering Hyundai E&C’s 2021 guidance for earnings and apartment pre-sales, things are progressing as planned. At both the domestic and overseas business divisions, sales should increase in 2H2