Hyundai Motor Group family now command a combined market capitalization of 100 trillion won ($86 billion), a threshold they touched above in more than two years and doubled from their low in March, thanks to revived investors’ confidence in the Korean automaking conglomerate with green fuel vehicles.

The combined market cap of Hyundai Motor Group’s 12 publicly trading affiliates including Hyundai Motor Co. and Kia Motors Corp. came to 100.2 trillion won on Sept. 17 based on the day’s closing prices. The group’s flagship units Hyundai Motor registered market cap of 39.3 trillion won, Hyundai Mobis Co. 23 trillion won, and Kia Motors 19.7 trillion won on that day. The trio is responsible for over 80 percent of the group’s total market cap.

The family boasted combined market value of 100 trillion on May 14, 2018.

The group’s total market cap had neared 130 trillion won in late 2011 but since then has been deflated as its presence at home and abroad deteriorated.

The group’s market value had shriveled to 453 trillion won amidst flight from Korean market in March due to the largest outbreak of COVID-19 after China at the time.

Stocks of the family have sharply risen amid high expectations for its EV lineup that would be rolling out in full force from next year.

Hyundai Motor is world’s No. 1 hydrogen global car maker based on sales in July and No. 5 in the pure electric car segment in the world, according to a market report. The company has made big advances in Europe, claiming the third largest share in the pure EV sector and making its first shipment of hydrogen fuel cell system.

Global EV sales are expected to be doubled and reach 190,000 units next year from this year, said Kim Min-kyoung, Mirae Asset Daewoo analyst, adding that Hyundai Motor would enjoy the EV boom next year when it joins Tesla and Volkswagen in producing electric cars using EV-dedicated platforms, Kim said.

With the return of Hyundai Motor Group, the country`s top four household corporate names each are worth more than 100 trillion won. Samsung Group with 16 listed companies including memory chip giant Samsung Electronics Co., is the unrivalled leader with a market value of 525 trillion won. The second largest is SK Group, with chip giant SK Hynix Inc. and telecom major SK Telecom Co. under its wing, has total market cap near 140 trillion won. LG is worth 115 trillion won.

By Pulse

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