Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

HYUNDAI MOTOR COMPANY

(A005380)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

China rolls out fresh policies to boost hydrogen vehicle sales

share with twitter share with LinkedIn share with facebook
09/20/2020 | 11:07pm EDT
Visitors look at a display of Toyota's Mirai hydrogen fuel-cell vehicle during the second China International Import Expo (CIIE) in Shanghai

China, the world's biggest automobile market, rolled out fresh policies to support hydrogen fuel cell vehicles to improve the industry's supply chain and technologies, the finance ministry said on Monday.

China is also the world's largest market for new energy vehicles (NEVs), which include battery electric vehicles as well as plug-in hybrid and hydrogen fuel cell vehicles.

While previous policies to support NEV makers had offered subsidies on sales, the fresh rollout will require local governments and companies to build a more mature supply chain and business model for the industry.

Local governments and companies need to prove their joint projects are able to lower the price of hydrogen fuel, increase the number of hydrogen-charging stations, enlarge hydrogen fuel cell vehicle fleets and improve related technologies, according to the document.

Authorities will offer rewards to the projects after an assessment of these key performance areas, the ministry said.

The rollout comes a few days after Reuters reported that China's policymakers and the government may publish a fresh policy, citing people familiar with the matter.

China has over 7,000 hydrogen vehicles, compared with over 4 million pure battery electric and plug-in hybrid vehicles.

Global automakers including Toyota Motor and Hyundai Motor have already announced launch plans for hydrogen vehicles in China.

(Reporting by Yilei Sun and Brenda Goh, Editing by Sherry Jacob-Phillips)


Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI CORPORATION 1.75% 14500 End-of-day quote.-18.99%
HYUNDAI MOTOR COMPANY 2.77% 167000 End-of-day quote.38.59%
TOYOTA INDUSTRIES CORPORATION 1.95% 6800 End-of-day quote.7.42%
TOYOTA MOTOR CORPORATION 0.10% 6973 End-of-day quote.-9.61%
share with twitter share with LinkedIn share with facebook
All news about HYUNDAI MOTOR COMPANY
10/23HYUNDAI MOTOR : CRADLE to Host Mobility Innovators Forum 2020 to Turn Human-cent..
AQ
10/23HYUNDAI HCN : Announces Pricing for New Feature-Rich 2021 Elantra Lineup
AQ
10/23GLOBAL MARKETS LIVE : Intel, Mattel, Nordea…
10/22Auto startups backed by blank-check companies
RE
10/21HYUNDAI HCN : Motor unveils the all-new i20 N
AQ
10/21Tesla supplier LG Chem to boost battery capacity
RE
10/21Tesla supplier LG Chem to boost battery capacity
RE
10/20LESS CARBON, MORE ELECTRIC VEHICLES : automakers prepare for potential Biden win
RE
10/20Hyundai Rises to Top Five in Interbrand's 2020 Global Brand Ranking
AQ
10/20Hyundai Motor Rises to Top Five Automotive Brands in Interbrand's 2020 Global..
AQ
More news
Financials
Sales 2020 103 342 B 91,7 B 91,7 B
Net income 2020 2 638 B 2,34 B 2,34 B
Net Debt 2020 55 711 B 49,4 B 49,4 B
P/E ratio 2020 15,4x
Yield 2020 2,26%
Capitalization 35 274 B 31 210 M 31 288 M
EV / Sales 2020 342x
EV / Sales 2021 307x
Nbr of Employees -
Free-Float 71,0%
Chart HYUNDAI MOTOR COMPANY
Duration : Period :
Hyundai Motor Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HYUNDAI MOTOR COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Average target price 208 071,43 KRW
Last Close Price 167 000,00 KRW
Spread / Highest target 49,7%
Spread / Average Target 24,6%
Spread / Lowest Target -16,2%
EPS Revisions
Managers
NameTitle
Mong-Koo Chung Co-Chief Executive Officer & Honorary Chairman
Won-Hui Lee Co-President, Co-CEO & Director
Eui-Sun Chung Chairman
José Munoz Global Chief Operating Officer
Byeong-Cheol Choi Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
HYUNDAI MOTOR COMPANY38.59%31 210
TOYOTA MOTOR CORPORATION-9.61%186 072
VOLKSWAGEN AG-21.10%85 325
DAIMLER AG-1.96%61 293
GENERAL MOTORS COMPANY0.63%52 707
BMW AG-12.59%48 818