[Asia Economy Reporter Minwoo Lee] Hyundai Motor Company's stock price reached its highest level in about six years. The announcement of the dedicated electric vehicle platform appears to have acted as a positive factor.
As of 11:09 AM on the 3rd, Hyundai Motor's stock price recorded 190,500 KRW, up 4.11% from the previous day. Around 10:54 AM, it rose to 192,000 KRW. This is the first time in about six years that the price has surpassed the 190,000 KRW mark since December 8, 2014, when it recorded 191,500 KRW.
Other group stocks such as Kia Motors (2.47%), Hyundai Mobis (1.25%), and Hyundai Glovis (1.95%) also showed upward trends.
It appears that the electric vehicle dedicated platform 'E-GMP' announced by Hyundai Motor Group the day before acted as a positive factor. This platform can be applied diversely according to vehicle class and driving range through modularization and standardization. The charging speed, which is the biggest concern for electric vehicle users, has also been significantly improved. By applying the high-voltage '800V' charging system and the world's first '400V/800V multi rapid charging technology,' the battery can be charged up to 80% within 18 minutes during rapid charging. This means it is possible to drive 100 kilometers with just 5 minutes of charging.
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