Polaris Seawon has been strong for two consecutive days. The news that Hyundai Motor Group will invest 24 trillion won in electric vehicles by 2030 appears to have influenced the stock price.
As of 9:55 a.m. on the 12th, Polaris Seawon is trading at 2,365 won, up 3.05% from the previous day.
Hyundai Motor Group, including Hyundai Motor, Kia, and Hyundai Mobis, unveiled an investment strategy the day before to become a global top 3 player. Hyundai Motor Group plans to invest 24 trillion won in the domestic electric vehicle sector over the next eight years until 2030. The strategy aims to increase domestic electric vehicle annual production to 1.51 million units and global electric vehicle production to 3.64 million units by 2030.
Polaris Seawon is a specialized company in automotive air conditioning system components. Through its clients, it supplies air conditioning parts to automobile manufacturers such as Hyundai Motor, Kia, GM, Ford, Tesla, Lucid Motors, and Rivian. It also supplies parts for Hyundai Motor's first sedan-type electric vehicle, the 'Ioniq 6,' which began full-scale sales in September last year.
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