Hyundai Motor Group's Market Value Surges by $24 Billion This Month as Robot Narrative Catalyzes Expansion

Glonghui January 13｜Investor enthusiasm for robotics has continued into the new year, with Hyundai Motor Group stocks increasing in market value by approximately $24 billion so far this month. The automaker’s share price soared more than 10% on Tuesday, reaching a record high after its Atlas humanoid robot was showcased at the International Consumer Electronics Show, prompting several brokerage firms to raise their target prices. Related companies under the group, including logistics firm Hyundai Glovis, parts supplier Hyundai Mobis, and IT company Hyundai Autoever, also saw their stock prices climb to record highs. "Market perception has changed," said Huh Jae-Hwan, an analyst at Eugene Investment & Securities. Hyundai Motor’s robotics and autonomous driving projects are helping the company shed its outdated image, and its stock remains undervalued with further room to rise. Hyundai Motor’s shares currently trade at a forward price-to-earnings ratio of 8.3, below the 10 times level of the Korea Composite Stock Price Index.