[Feature Stock] Hyundai Motor Surges Over 8% on Robot Momentum, Rises to Third in Market Cap...Hits Record High

Hyundai Motor Company surged by over 8%, rising to third place in market capitalization. The company set a new all-time intraday high.

As of 9:19 a.m. on January 19, Hyundai Motor Company was trading at 447,000 won on the Korea Exchange, up 34,000 won (8.23%) from the previous session. During the session, the stock climbed as high as 449,000 won, marking a new record high.

With its market capitalization surpassing 90 trillion won, Hyundai Motor Company overtook LG Energy Solution and Samsung Biologics to become the third-largest company by market cap.

Industry sources attribute the stock’s rally to positive coverage from foreign media regarding Hyundai Motor Group’s humanoid robot, Atlas. According to the industry, the Associated Press, one of the world’s largest news agencies, reported, “Boston Dynamics has unveiled the humanoid robot Atlas to the public for the first time,” and introduced that “Hyundai Motor Group is accelerating its efforts in developing robots that look like humans and can work on behalf of people.”

The Guardian, a daily newspaper in London, highlighted Atlas’s waterproof capabilities and automatic battery replacement function, stating, “This year, Atlas, which has undergone extensive testing by Boston Dynamics, will be reborn as a sophisticated product.”

France’s Euronews also reported, “By demonstrating Atlas publicly for the first time, Boston Dynamics has proven that it is no longer just a prototype,” and introduced that “Hyundai Motor Group, through Atlas, will help reduce the amount of physical labor performed by humans and alleviate physical burdens, laying the foundation for a human-robot collaborative environment.”