[Market Focus] "Physical AI Frontrunner"... Hyundai Motor Surpasses 100 Trillion Won in Market Cap

Hyundai Motor has surpassed 500,000 won for the first time in its history.

As of 9:05 a.m. on January 20, Hyundai Motor was trading at 485,500 won, up 1.15% (5,500 won). Earlier in the NextTrade pre-market, the stock price soared nearly 7%, reaching an all-time high of 507,000 won. Its market capitalization also exceeded 100 trillion won for the first time ever.

With 'CES 2026' as a catalyst, the market is once again highlighting the value of Hyundai Motor's stake in Boston Dynamics (BD), positioning the company as a recent frontrunner in physical AI.

Yoo Jiwoong, a researcher at Daol Investment & Securities, stated, "At the time of BD's paid-in capital increase last year, its valuation was around 23 trillion won. By the time mass production begins in 2030, it is expected to reach 100 trillion won." In this scenario, he estimated that the value of Hyundai Motor's stake, as recognized by its shareholders, would reach 27 trillion won.

Hyundai Motor's comparative advantage over Toyota, the world's second-largest automaker by market capitalization, is also expected to become more pronounced. Yoo explained, "In the second half of this year, the autonomous driving roadmap will become clearer with the launch of the pace car and real-world data acquisition vehicles. In addition, business restructuring such as expanding localized battery research centers in emerging markets will widen the gap with Toyota in terms of EV market potential." He raised the target stock price from 470,000 won to 640,000 won.