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%.
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.
