Shares of Hyundai Motor jumped nearly 8%

Hyundai Motor shares increased around 8% today, a day after “green new deal” to spur use of environmentally friendly vehicles declared by South Korea.

Other auto shares gained ground, with affiliate Kia Motors increasing 4.1% and auto parts supplier Hyundai Mobis climbing 3.3%.

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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 worldwide market share for such vehicles.

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