[Market Focus] Hyundai AutoEver Soars 11% on Hyundai Motor Group's Transformation into a Robotics Company

Hyundai AutoEver is showing strong performance on January 7. As Hyundai Motor Group unveiled its humanoid robot Atlas and announced the start of full-scale robot mass production, investor sentiment has surged toward Hyundai AutoEver, which is responsible for building robotics system integration (SI).

As of 10:02 a.m. on this day, Hyundai AutoEver is trading at 347,500 won, up 35,500 won (11.38%) from the previous trading day.

Previously, Hyundai Motor Group announced its plan to establish a 'robot ecosystem' that brings together the group's capabilities in its New Year's address. Four key strategic affiliates were introduced: Boston Dynamics (design/technology development), Hyundai Motor Company (manufacturing/AI learning PoC), Hyundai Mobis (components), and Hyundai AutoEver (system integration/control systems).

Hyundai AutoEver is expected to be responsible for consulting, building, and operating throughout the entire lifecycle of robots, from planning and development to sales and after-sales service. The securities industry sees very high visibility for performance growth through 2029, as all activities from robot resale to integrated solutions are expected to be recognized as revenue.

Nam Jooshin, a researcher at DB Financial Investment, raised Hyundai AutoEver's target price from 260,000 won to 380,000 won the previous day. Nam explained, "We are raising our target price by increasing our earnings estimates for 2026-2027 and applying a price-earnings ratio (PER) of 33.7 times, which was used during the period when software expectations were high and growth was strong in the past."