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KRX:005380

48 stories mentioning KRX:005380Updated 11h ago

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Asia

Hyundai Motor Group to Invest KRW42 Trillion in South Korea's Yeongnam Region Over 10 Years

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), plans to invest 42 trillion won in South Korea's Yeongnam region over 10 years beginning in 2026, according to a Friday release.The group will invest in AI-defined vehicle manufacturing, core components, AI-driven manufacturing, aerospace and space, and sustainable energy infrastructure. The investments aim to boost future growth, create employment, and support balanced development across Yeongnam, the release said.Shares of Kia added nearly 4% in recent trade.

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CATL Invests in New Zealand Biographite Maker CarbonScape
US Markets

CATL Invests in New Zealand Biographite Maker CarbonScape

Contemporary Amperex Technology (SHE:300750, HKG:3750) or CATL has made a strategic investment in New Zealand-based bio-based graphite materials maker CarbonScape.Through the investment, the Chinese battery maker plans "to advance the commercial scale-up and deployment" of bio-based graphite materials for next-generation battery supply chains, CarbonScape and CATL said in a joint press release on Monday.The multi-year collaboration covers technology de-risking and scale-up, as well as strategic investment and financing.While the companies did not disclose the financial terms of the transaction, Bloomberg reported that CATL invested to acquire a 20% stake in CarbonScape.As part of the deal, CATL will also secure representation on CarbonScape's board, according to the press release.The partnership seeks to establish local graphite supply chains for automakers in the U.S. and Europe.CATL supplies batteries to major automakers, including Tesla, BMW, Mercedes-Benz, Volkswagen, Honda Motor (TYO:7267), Hyundai Motor (KRX:005380), NIO (HKG:9866, SGX:NIO) and Li Auto (HKG:2015).The companies noted that over 75% of graphite used in batteries comes from an oil-based feedstock. CarbonScape said its technology enables the production of battery-grade graphite from forestry by-products."What we have built at CarbonScape is the only proven pathway to produce battery-grade graphite from forestry residues, at target cost parity with conventional graphite and with a carbon-negative footprint. CATL's investment is the most powerful validation this technology could receive," said Vincent Ledoux-Pedailles, Chief Commercial Officer of CarbonScape.Hong Kong-based investment firm Lochpine Capital, which serves as the strategic offshore investment arm of CATL, has also made a strategic investment in CarbonScape."CarbonScape has developed a differentiated approach to graphite production using forestry by-products, and we are pleased to support the company alongside CATL as it advances its technology and commercialisation plans," said Blake Niu, Lead Partner at Lochpine Capital.

HKG:2015HKG:3750HKG:9866KRX:005380SGX:NIOSHE:300750TYO:7267
Asia

Update: South Korean Automakers to Recall Vehicles to Fix Defects

Six automakers have decided to recall more than 146,000 vehicles in South Korea to fix defective components, according to the Korean transport ministry on Thursday.Hyundai Motor (KRX:005380), BYD's (HKG:1211, SHE:002594) Korean arm, Mercedes-Benz Korea, and three other automakers will be recalling 146,505 vehicles across 38 models.

HKG:1211KRX:005380SHE:002594
International

Hyundai Motor's Sales Slip 5.9% in June

Hyundai Motor's (KRX:005380) sales in June declined 5.9% year over year to 338,313 vehicles from 359,459 units a year earlier, according to a company filing with the Korea Exchange on Wednesday.South Korea's largest automaker's sales in the local market fell 6.2% to 58,232 units from 62,064 units, while sales overseas dropped 5.8% to 280,081 vehicles from 297,395 units, the release said.Shares of Hyundai Motor fell nearly 2% at market close.

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Asia

Market Chatter: Hyundai Motor, ChaeVi Team Up to Expand EV Charging

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), and electric vehicles supply equipment manufacturer ChaeVi (KOSDAQ:0011T0) entered a partnership to expand EV charging services in South Korea, Pulse News reported Tuesday.The collaboration will expand plug & charge (PnC) technology to around 1,500 Chaevi EV charging stations across the country, which would allow automatic user authentication, charging, and payment when an EV is plugged in, the report said.Hyundai Motor Group and ChaeVi did not immediately respond to' request for comment.Shares of ChaeVi fell more than 3% at market close, while those of Kia fell nearly 2%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KOSDAQ:0011T0KRX:000270KRX:005380
Asia

Hyundai, Naver Partner on In-Vehicle AI Services

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), will integrate Naver's (KRX:035420) services into its Pleos Connect infotainment system, Naver said in a release.Under the partnership, Naver's AI-powered services, including the Naver app, Naver Maps and Whale Browser, will be embedded in Pleos Connect and future software-defined vehicles (SDVs).Hyundai also unveiled the new Grandeur sedan and Avante compact sedan, both equipped with the Pleos Connect infotainment platform, the release said.Shares of Naver fell nearly 2% in recent trade, while those of Kia fell nearly 1%.

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Asia

Market Chatter: Hyundai Motor Workers Vote to Strike Over Factory Robot Fears

Workers at Hyundai Motor (KRX:005380) in South Korea voted to strike over the automaker's plan to introduce humanoid robots in its factories, Financial Times reported Wednesday.The Hyundai unit of the Korean Metal Workers' Union said 87% of nearly 40,000 members voted in favor of industrial action, raising tensions over Hyundai Motor's automation plans, the report said.The union seeks to be involved in decisions on AI and automation after the automaker said it plans to deploy Boston Dynamics' Atlas humanoid robots at its U.S. manufacturing operations, according to the report.Hyundai Motor did not immediately reply to' request for comment.Shares of the automaker fell nearly 1% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005380
Asia

Market Chatter: Hyundai Motor to Acquire SoftBank's Balance Stake in Boston Dynamics for $325 Million

Hyundai Motor (KRX:005380) agreed to purchase SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million after the investor exercised its right to exit the business, South Korea's ​Maeil Business reported on ​Friday.The deal will give the South Korean automaker full control of the U.S. robotics firm after it acquired a controlling stake in 2021, the report said.Hyundai Motor is expected to call a board meeting on June 22 to finalize the purchase, the report said.Hyundai Motor and SoftBank did not immediately respond ​to requests ​for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005380
Asia

Market Chatter: Hyundai Motor Forecasts Hybrid Vehicle Sales to Reach 1.5 Million in the US

Hyundai Motor (KRX:005380) expects its cumulative hybrid vehicles sales in the US to reach 1.5 million units in June, according to a report by the Pulse on Tuesday.The increased sales are backed by increasing demand for environmental-friendly vehicles, the report said, citing automotive industry sources.Hyundai entered the US hybrid market in 2011 and since then, has diversified its hybrid lineup. In 2026, the company booked nearly 1.5 million cumulative sales in the U.S., the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005380
Asia

Market Chatter: Hyundai Motor Introduces 2027 Ioniq 5 EV in South Korea

Hyundai Motor (KRX:005380) introduced the 2027 Ioniq 5 EV in the domestic market, equipped with advanced safety features, Yonhap News reported Tuesday.The product's 2027 lineup is priced between 47.4 million won and 61.5 million won, the report said.The Long-Range version has been reorganized into five trims, E-Lite, Modern, Premium, Inspiration, and N Line. Whereas, the Standard version is now being offered in a single E-Value+ trim, it said.Shares of Hyundai Motor fell nearly 3% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005380
Asia

South Korean Shares Jump at Open on Tech Stock Revival, Israel-Iran Ceasefire

South Korean stocks opened higher on Tuesday amid a rebound in technology stocks and US President Donald Trump's announcement on Truth Social of a ceasefire between Israel and Iran.The benchmark Korea Composite Stock Price Index, or Kospi, rose 2.85%, or 213.35 points, to open at 7,697.76. The Kosdaq also added 2.88%, or 26.3 points, to open at 937.69.Major heavyweight stocks led the gains in early trading, with Samsung Electronics (KRX:005930) adding over 4%, SK Hynix (KRX:000660) adding more than 6%, and Hyundai Motor (KRX:005380) and Kia (KRX:000270) adding more than 3% and 7%, respectively.

^KOSDAQKOSPIKRX:000270KRX:000660KRX:005380KRX:005930
Asia

Market Chatter: Fire Breaks Out at Hyundai Mobis' India Plant; Shares Decline 4%

A fire broke out at auto parts maker Hyundai Mobis' (KRX:012330) Chennai plant in southeastern India Sunday afternoon, destroying the firm's automotive electronics components manufacturing facility, Yonhap News reported Monday.No personnel were harmed in the incident.The fire is expected to only lead to some temporary issues in vehicle production, Hyundai Motor's (KRX:005380) Indian subsidiary said. The carmaker is currently evaluating the damage with Hyundai Mobis and looking into other suppliers and alternative measures to ensure a steady supply chain and subdue operational issues, according to Yonhap News.Shares of Hyundai Mobis and Hyundai Motor fell over 4% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Arafura Rare Earths Directors Approve Construction of $1.6 Billion Rare Earths Project
US Markets

Arafura Rare Earths Directors Approve Construction of $1.6 Billion Rare Earths Project

Arafura Rare Earths (ASX:ARU) directors made a final investment decision for the Nolans Rare Earths Project in the Northern Territory, Australia.The decision marks the approval of the construction of the rare earths project, set to be Australia's first fully integrated ore-to-oxide rare earths operation, according to a Thursday disclosure to the Australian Securities Exchange.Arafura will then become Australia's third-largest rare earths producer after Lynas Rare Earths (ASX:LYC), the world's largest producer outside of China, and Iluka Resources (ASX:ILU), Reuters reported separately the same day.Arafura Rare Earths' $1.6 billion project will help deliver 4,440 metric tons of neodymium-praseodymium oxide.The project will supply 1,500 tonnes per annum to South Korea's Hyundai Motor( KRX:005380) and Kia (KRX:000270), equivalent to a 42% offtake.Germany's Siemens Gamesa will purchase 520 tonnes per annum, while Traxys in Europe and North America committed to an 800-tonne offtake.Arafura's decision comes after the Australian government committed AU$1.2 billion for its critical minerals strategic reserve, following confirmation from Canberra that the project will be eligible for the reserve, the Trade and Tourism Ministry said the same day.Export Finance Australia has issued a non-binding letter of support for an offtake of up to 500 tonnes per annum, which will be funded through the reserve.The company also signed investment deals with Germany and Australia for AU$230 million, while the Export-Import Bank of the United States is considering up to $300 million of financing support for the project.The project will create 600 construction jobs and 350 ongoing jobs upon the start of operations.Arafura's project comes as the U.S. is looking to reduce dependence on China for rare earths, the Wall Street Journal reported the same day."The world needs critical minerals, Australia has plenty of them, and we're helping workers and businesses make the most of this big opportunity," Treasurer Jim Chalmers said in a statement.

ASX:ARUASX:ILUASX:LYCKRX:000270KRX:005380
Asia

South Korea's Kospi Opens Lower as Rising Crude Oil Prices Stoke Inflation Fears

South Korean shares opened lower on Tuesday as a Wall Street tech slump and rising crude oil prices, driven by stalled US-Iran negotiations, raised inflation fears.The benchmark Korea Composite Stock Price Index, or Kospi, fell 1.2%, or 90.38 points, to open at 7,425.66. The Kosdaq increased marginally to open at 1,111.36.Major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and Hyundai Motor (KRX:005380) were trading 3.2%, 3%, and 8.1% lower in Tuesday morning trade.West Texas Intermediate crude futures climbed back to $107 a barrel on Monday, while Brent crude increased closer to $111, as uncertainty over US-Iran negotiations renewed concerns over its impact on supply disruptions in global energy markets.Prospects for an agreement have dimmed after reports said Iran's revised proposal fell short of US expectations. Washington considers the plan inadequate to secure a deal that would end the Middle East conflict and restore normal shipping, while Iranian officials argue US demands remain overly stringent.The Dow Jones Industrial Average gained 0.32%, while the broader S&P 500 inched down 0.07% and the tech-laden Nasdaq Composite fell 0.51%.

^KOSDAQKOSPIKRX:000660KRX:005380KRX:005930
Asia

South Korean Shares Open at New High as Tech, Auto Stocks Track US Rally

South Korean shares opened higher on Thursday, owing to gains made by technology and automotive stocks and an overnight rally on Wall Street.The benchmark Korea Composite Stock Price Index, or Kospi, added 0.4%, or 29.9 points, to open at 7,873.91. The Kosdaq also increased by 10.09 points to open at 1,187.02.Major market movers, chipmaker Samsung Electronics (KRX:005930) and automaker Hyundai Motor (KRX:005380) added nearly 4% and 3%, respectively, in Thursday morning trade.The tech-laden Nasdaq Composite added 1.2% on Wednesday, and the S&P 500 added 0.58%, while the Dow Jones Industrial Average shed 0.14%. Losses in telecommunications, utilities, and financials sectors dragged stocks lower.Investors kept a close eye on US-China talks this week, as US President Donald Trump arrived in Beijing on Wednesday for a state visit, marking his second in-person meeting with Xi Jinping since October 2025 and the first visit to China by a US president in nine years.Trump is expected to seek China's support in pressuring Iran to advance peace negotiations and reopen the Strait of Hormuz to shipping traffic, according to a Guardian report.However, earlier this week, the US imposed sanctions on several Chinese firms accused of supporting Iranian oil shipments and offering satellite imagery allegedly used in Iranian military operations. Beijing has denied these allegations. Trump's visit also follows Iranian Foreign Minister Abbas Araghchi's trip to Beijing last week.

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Asia

South Korean Shares Hit New High on Chip, Auto Gains

South Korean shares closed at a new high on Wednesday, after rebounding from the previous day's losses, owing to gains made by chip and automotive stocks.Shares of major market movers Samsung Electronics (KRX:005930), SK Kynix (KRX:000660), Hyundai Motor (KRX:005380), and Kia (KRX:000270) added nearly 2%, 8%, 10%, and about 7% at market close.The Korea Composite Stock Price Index or Kospi increased by 200.86 points, or 2.6%, to end at 7,844.01. The Kosdaq declined by 2.36 points, or 0.2%, to close at 1,176.93.In economic news, the seasonally adjusted unemployment rate in South Korea in April edged up to 2.8% from 2.7% in March, data from Statistics Korea indicated Wednesday.On an annual basis, the unemployment rate remained unchanged.The number of unemployed people fell to 853,000 in April from 854,000 a year earlier.In corporate news, Hanwha Engine (KRX:082740) secured a contract for a ship engine from Hanwha Ocean (KRX:042660), according to a Wednesday filing with the Korean Exchange.The contract, valued at 354.2 billion won, is valid until June 26, 2028.Shares of Hanwha Engine rose nearly 2% at market close.

^KOSDAQKOSPIKRX:000270KRX:000660KRX:005380KRX:005930
Asia Markets

South Korea's Kospi Hits All-Time High; Samsung Rises 6%

South Korea's benchmark index Kospi closed at an all-time high on Monday, with the rally driven by chip giants Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which gained over 6% and nearly 12%, respectively.The Korea Composite Stock Price Index or Kospi increased by 324.24 points, or 4.3%, to end at 7,822.24. The Kosdaq finished little changed in negative territory at 1,207.34.In economic news, South Korea's exports surged 43.7% to $18.4 billion in the first 10 days of May from $12.8 billion a year earlier, Monday data from the Korea Customs Service showed.Imports increased 14.9% to $16.7 billion, resulting in a $1.7 billion trade surplus.In corporate news, shares of Hanwha Ocean (KRX:042660) rose 3% after the company secured a 363.2 billion won order for a liquefied natural gas carrier from a Europe-based shipper.In other news, Hyundai Motor Group and Korea Aerospace Industries (KRX:047810) signed a memorandum of understanding to develop advanced air mobility solutions.Shares of Hyundai (KRX:005380) closed 5% higher, while those of Korea Aerospace edged up 2%.

^KOSDAQKOSPIKRX:000270KRX:000660KRX:005380KRX:005930KRX:042660KRX:047810
Asia

Market Chatter: Hyundai Motor Introduces New Infotainment System Pleos Connect, Eyes Launch in May

Hyundai Motor (KRX:005380) introduced Pleos Connect, its new infotainment system that is inspired by Tesla's minimalist design, and comes with a wide central touchscreen, Bloomberg reported Thursday.The next-generation infotainment system incorporates the voice assistant Gleo AI, which can understand regular conversations. The system is expected to be launched in South Korea in May before being launched globally, according to the report.Shares of Hyundai Motor fell nearly 5% at market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005380
Asia

South Korean Shares Fall on FOMC's Rate Decision, Oil Price Surge

South Korean shares closed lower on Thursday despite opening at a record high in the day, following the US Federal Reserve's decision to keep the benchmark interest rates unchanged in the range of 3.50% to 3.75%.This hawkish interpretation of the Federal Open Market Committee (FOMC) took into account the ongoing Middle East conflict and high energy prices, which led to rates being held steady at Jerome Powell's final policy announcement before his term as Fed chief ended on May 15.In addition, increasing global oil prices also took a toll on investor sentiment, with Brent crude hitting an intraday high of $126.41 per barrel--its highest since June 2022-- while West Texas Intermediate (WTI) briefly surpassed $110.The Korea Composite Stock Price Index or Kospi fell 92.03 points, or 1.4%, to end at 6,598.87. The Kosdaq also declined by 27.91 points, or 2.3%, to close at 1,192.35.In economic news, South Korea's overall industrial output increased 0.3% month-on-month in March, decelerating sharply from a 5.3% monthly rise in February, according to data from Statistics Korea released Thursday.The construction and public administration indices fell by 7.3% and 3.3%, respectively, in March from the prior month, while the index for the service, mining and manufacturing industries added 1.4% and 0.3%, respectively.Total industrial production increased by 3.6% in March from the same month in 2025, after a 2.3% yearly decline in February.In corporate news, Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), entered a multi-year partnership with the Georgia Institute of Technology to jointly develop hydrogen mobility solutions, according to a Thursday release.The agreement is expected to advance hydrogen-powered transportation, boost applied research, and hasten the use of zero-emissions vehicles in Georgia, it said.Shares of Hyundai Motor fell nearly 5% at market close, while those of Kia fell over 3%.

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Asia

Hyundai Motor Group, Georgia Institute of Technology Enter Multi-Year Partnership for Hydrogen Mobility Solutions

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), entered a multi-year partnership with the Georgia Institute of Technology to jointly develop hydrogen mobility solutions, according to a Thursday release.The agreement is expected to advance hydrogen-powered transportation, boost applied research, and hasten the use of zero-emissions vehicles in Georgia, it said.Under the partnership, Hyundai Motor North America will donate four NEXO fuel cell electric SUVs, and Hyundai Motor Group will donate a hydrogen electrolyzer project, which will be used exclusively on campus, the release said.Shares of Hyundai Motor fell more than 3% in recent trade, while those of Kia fell over 2%.

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