On May 8, Hyundai AutoEver reached its upper limit on the Korea Exchange, trading at 592,000 won, up 136,500 won (29.97%) from the previous day. The stock hit a new all-time high during the session.
The surge in stock price is attributed to a video released by Boston Dynamics showcasing its humanoid robot, Atlas. The robotics subsidiary of Hyundai Motor Group unveiled the operational video of the development model on May 5 via YouTube.
In the video, Atlas demonstrated its capability to lift heavy objects and perform tasks in unconventional positions, indicating its potential for deployment in manufacturing environments. The robot executed complex movements, such as balancing on its hands and maintaining an 'L' shape with its body. This technology reportedly employs a reinforcement learning-based full-body control method.
Hyundai Motor Group plans to test the development model at its Meta Plant America in Georgia, USA, with verification processes for each operation planned. The introduction of the robot in the field is set to begin in 2028, with plans to expand its application to tasks like parts assembly by 2030.
Analysts believe that Hyundai AutoEver's role will grow as the robotics business expands. Lee Byung-geun, a researcher at LS Securities, noted, "While there is a short-term valuation burden, it is essential to focus on the medium- to long-term momentum. Hyundai AutoEver will inevitably benefit from its IT systems role in the establishment of new hubs like the Robot Training Center (RMAC) and Robotics America, as well as the AI data center."
He added, "Considering the infrastructure setup before Atlas's mass production and the subsequent demand for maintenance, profit margins are expected to increase further." LS Securities estimates that if Atlas's annual production reaches 30,000 units, Hyundai AutoEver's robot-related revenue could reach approximately 1.6 trillion won, with a gross profit of about 194 billion won.
* This article has been translated by AI.
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