Shares of Hyundai Motor jump nearly 8%

Seoul Shares of Hyundai Motor jumped nearly 8% on Wednesday, a day after South Korea announced a "green new deal" to spur use of environmentally friendly vehicles. Other auto shares gained ground, with affiliate Kia Motors rising 4.1% and auto parts supplier Hyundai Mobis climbin

Editorial Team Legacy

Published 15 July 2020, 8:00 · Updated 21:30

Link copied

Seoul

Shares of Hyundai Motor jumped nearly 8% on Wednesday, a day after South Korea announced a “green new deal” to spur use of environmentally friendly vehicles. Other auto shares gained ground, with affiliate Kia Motors rising 4.1% and auto parts supplier Hyundai Mobis climbing 3.3%, according to Reuters.

Hyundai Motor Group leader Euisun Chung has 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.

Shares of Hyundai Motor jump nearly 8%

Editorial Team Legacy

Share your reaction!

Comments