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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Kia Motors Corporation    000270   KR7000270009

KIA MOTORS CORPORATION

(000270)
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Kia Motors : Hyundai and Kia to invest in self-driving startup Aurora

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06/12/2019 | 09:49pm EDT
The logo of Kia Motors is seen at the manufacturing plant in Pesqueria

(Reuters) - Hyundai Motor Co said on Thursday it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up development of autonomous vehicle technologies.

"With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles," Hyundai said.

Aurora said http://bit.ly/2WEmZlL in a blog post that Hyundai and Kia's investment is part of a series B financing round, which has now raised more than $600 million.

Aurora, which just announced a partnership with Fiat Chrysler Automobiles, competes with Alphabet's Waymo and General Motors' majority-owned Cruise, among others.

(Reporting by Rama Venkat in Bengaluru; Editing by Leslie Adler)

Stocks treated in this article : Hyundai Motor Co, Kia Motors Corporation
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI MOTOR CO End-of-day quote.
KIA MOTORS CORPORATION End-of-day quote.
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Financials (KRW)
Sales 2019 55 543 B
EBIT 2019 1 831 B
Net income 2019 2 044 B
Finance 2019 76,4 B
Yield 2019 2,43%
P/E ratio 2019 8,16
P/E ratio 2020 7,92
EV / Sales 2019 0,30x
EV / Sales 2020 0,27x
Capitalization 16 681 B
Chart KIA MOTORS CORPORATION
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 44 620  KRW
Spread / Average Target 8,4%
EPS Revisions
Managers
NameTitle
Han-Woo Park President, Co-Chief Executive Officer & Director
Jun-Young Choi Co-Chief Executive Officer, Director & VP
Chun-Soo Han Chief Financial Officer, Director & VP
Eui-Sun Chung Non-Executive Director
Sang-Koo Nam Outside Director
Sector and Competitors
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