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

HYUNDAI MOTOR COMPANY

(A005380)
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Ford CEO says carmaker now eyes making own EV batteries

11/13/2020 | 11:57am EST
FILE PHOTO: Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan

(Reuters) - Ford Motor Co has reversed course and is now considering making its own battery cells as sales volumes of electric vehicles rise around the world, the automaker's top executive said on Friday.

"We are discussing (battery) cell manufacturing," Ford's Chief Executive Officer Jim Farley said Friday at the Reuters Automotive Summit teleconference. "I think that's natural as (EV) volume grows."

As recently as last July, then-CEO Jim Hackett said there was "no advantage" to Ford making its own battery cells.

In the meantime, other automakers, including General Motors Co and Tesla Inc, are investing billions of dollars in their own battery cell manufacturing plants to supplement production from suppliers.

Industry analysts have presented sometimes conflicting views on whether battery cell manufacturers will be able to keep up with an anticipated acceleration of demand for electric vehicles through 2025 and beyond.

While Ford's publicly announced electric vehicle production plans so far have remained relatively modest, GM and Hyundai Motor Co have said they plan to be building and selling one million electric vehicles a year by 2025, and Volkswagen AG has targeted annual sales of 3 million EVs then for all its global brands.

(Reporting By Nick Carey and Paul Lienert; Editing by Elaine Hardcastle, Kirsten Donovan)

By Nick Carey and Paul Lienert


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FORD MOTOR COMPANY -4.12% 11.05 Delayed Quote.31.06%
GENERAL MOTORS COMPANY -5.66% 52.2 Delayed Quote.33.05%
HYUNDAI CORPORATION -1.42% 17300 End-of-day quote.8.46%
HYUNDAI MOTOR COMPANY 1.17% 260000 End-of-day quote.35.42%
TESLA, INC. 2.68% 868.6754 Delayed Quote.19.98%
THE HACKETT GROUP, INC. -0.74% 14.66 Delayed Quote.2.64%
VOLKSWAGEN AG -3.90% 158.64 Delayed Quote.8.31%
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Financials
Sales 2020 104 009 B 94,3 B 94,3 B
Net income 2020 1 857 B 1,68 B 1,68 B
Net Debt 2020 57 402 B 52,1 B 52,1 B
P/E ratio 2020 35,5x
Yield 2020 1,45%
Capitalization 54 877 B 49 613 M 49 773 M
EV / Sales 2020 1,08x
EV / Sales 2021 0,97x
Nbr of Employees -
Free-Float 71,0%
Chart HYUNDAI MOTOR COMPANY
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Technical analysis trends HYUNDAI MOTOR COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Average target price 279 148,15 KRW
Last Close Price 260 000,00 KRW
Spread / Highest target 53,8%
Spread / Average Target 7,36%
Spread / Lowest Target -46,2%
EPS Revisions
Managers and Directors
NameTitle
Eui-Sun Chung Chairman & Co-Chief Executive Officer
Won-Hui Lee Co-President, Co-CEO & Director
Eon-Tae Ha Co-Chief Executive Officer & Director
Chang Jae-hoon Co-President & Co-Chief Executive Officer
José Munoz Global Chief Operating Officer
Sector and Competitors
1st jan.Capitalization (M$)
HYUNDAI MOTOR COMPANY35.42%49 049
TOYOTA MOTOR CORPORATION-3.73%206 348
VOLKSWAGEN AG8.31%105 915
GENERAL MOTORS COMPANY33.05%79 294
DAIMLER AG2.21%76 927
BMW AG-1.36%55 971