Hyundai AutoEver's shares soared more than 23% during trading on expectations of benefiting from Hyundai Motor Group's robotics and software-defined vehicle (SDV) strategy, reaching a new 52-week high.
According to the Korea Exchange, as of 2:14 PM, Hyundai AutoEver's stock was trading at 919,000 won, up 173,000 won (23.19%) from the previous day. The stock peaked at 953,000 won during the session, setting a new 52-week record.
Analysts have identified Hyundai AutoEver as a key beneficiary of Hyundai Motor Group's robotics and SDV strategy, which has boosted investor sentiment.
Lee Jae-il, an analyst at Eugene Investment & Securities, noted in a report that "if humanoid robots are deployed in smart factories, they will handle operations, maintenance, and monitoring tasks." He added that there is potential for the company to serve as a bridge connecting external clients with Boston Dynamics, indicating possibilities for expansion beyond its current affiliations.
He further explained that "the expansion of Hyundai Motor Group's global production bases and the application of smart factory solutions will create more business opportunities," and that the full-scale implementation of SDV could significantly enhance revenue generation capabilities through the introduction of next-generation middleware and a per-vehicle charging model.
Eugene Investment & Securities forecasts Hyundai AutoEver's revenue for this year to reach 4.7 trillion won, with an operating profit of 282.6 billion won. The analyst maintained a 'buy' rating on the stock and raised the target price from 700,000 won to 880,000 won, a 14% increase.
* This article has been translated by AI.
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