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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hyundai Motor Company    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
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Hyundai Motor : to establish Hyundai Mobility Global Innovation Center

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04/01/2020 | 10:01am EDT
Hyundai Motor to establish Hyundai Mobility Global Innovation Center

Hyundai Motor Company has announced that it will establish a Hyundai Mobility Global Innovation Center in Singapore (HMGICs) to accelerate its innovation efforts, with support from the Singapore Economic Development Board.

The lab, through open innovation on multiple fronts, will explore and prove new future mobility business concepts for eventual expansion into global markets.

The company plans to collaborate with competitive local partners to test and validate innovative solutions for advanced mobility services.

“HMGICs will be a testbed to explore and validate the future Hyundai is envisioning. Combining Hyundai's innovative spirit and Singapore's fertile atmosphere, we will develop ground-breaking businesses and future technologies,” said Bo Shin Seo, President at Hyundai Motor Company.

Hyundai will also reportedly pursue open innovation with world-class educational institutions such as the Nanyang Technological University by conducting joint projects as well as co-founding separate research centres.

The lab also will test a service using multiple modes of transport, as well as on-demand shuttle and last-mile mobility via e-scooter. In addition, Hyundai will review a potential collaboration on a pilot study for Singapore's Smart City project.

The company plans to leverage its customer base to provide vehicle services such as maintenance, repair, financing, insurance and charging. To do this, Hyundai will build a smart mobility platform that analyses customer data based on vehicle utilisation, leveraging increased connectivity. By gaining a better understanding of customers' needs, the company aims to be able to offer services tailored to every aspect of customers' lives, including shopping, delivery, streaming and mobility services.

© Russell Publishing Limited, 2020. All Rights Reserved., source Trade Journals

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI HCN CO.,LTD. 1.49% 4760 End-of-day quote.39.59%
HYUNDAI MOTOR COMPANY -2.78% 94500 End-of-day quote.-21.58%
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Financials (KRW)
Sales 2020 101 913 B
EBIT 2020 3 306 B
Net income 2020 2 695 B
Debt 2020 56 517 B
Yield 2020 4,30%
P/E ratio 2020 8,70x
P/E ratio 2021 5,57x
EV / Sales2020 199x
EV / Sales2021 183x
Capitalization 20 196 B
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Number of Analysts 26
Average target price 123 461,54 KRW
Last Close Price 94 500,00 KRW
Spread / Highest target 95,8%
Spread / Average Target 30,6%
Spread / Lowest Target -4,76%
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Managers
NameTitle
Mong-Koo Chung Chairman & Co-Chief Executive Officer
Won-Hui Lee Co-President, Co-CEO & Director
José Munoz Global Chief Operating Officer
Byeong-Cheol Choi Chief Financial Officer
Moon-Sik Kwon Vice Chairman-Executive Board, Head-R&D
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