[Special Stock] Hyundai Gongup, Hyundai Motor's Eco-Friendly Cars Advance... Tucson Hybrid and Ioniq 5 Emerging as Promising Models One After Another

[Asia Economy Reporter Hyunseok Yoo] Hyundai Industrial is showing strong performance. The news that Hyundai and Kia Motors are making significant progress in the global eco-friendly vehicle sector appears to have influenced the stock price.

As of 9:43 AM on the 5th, Hyundai Industrial was trading at 8,270 KRW, up 18.65% (1,300 KRW) compared to the previous trading day.

According to an analysis of SNE Research statistics by the Korea Automotive Technology Institute, Hyundai and Kia sold 60,707 electric vehicles worldwide through July this year, ranking 4th in sales volume. This is a 25% increase compared to 48,570 units sold during the same period last year. In the case of hydrogen fuel cell vehicles, they sold 2,879 units through July this year, ranking 1st. This represents a 59% increase compared to 1,808 units sold during the same period last year.

Hyundai Motor will launch the Tucson Hybrid, which began pre-orders last month, this month. This is the first time Hyundai has introduced a hybrid model in the compact SUV segment. The response has been enthusiastic, with about 5,000 units pre-ordered on the first day of pre-orders.

Hyundai Industrial, a specialist in automotive interior materials, supplies key interior parts for the new Tucson.

Hyundai Industrial has signed a supply contract for seat pads and armrest parts to be applied to the next-generation best-selling SUV, the new Tucson, and has started mass production.

Hyundai Industrial is also steadily supplying parts for eco-friendly vehicles such as Nexo and Ioniq, which are leading trends in electric and hydrogen vehicles. It is expected that the addition of new electric vehicle lineups will create further growth momentum.

Hyundai Motor has high expectations for the 'Ioniq 5,' a mid-sized electric vehicle applying its first dedicated electric vehicle platform. It is the first family car in Korea with a driving range approaching 500 km on a single charge, and it is anticipated to secure price competitiveness compared to internal combustion engine vehicles when subsidies are applied.

This content was produced with the assistance of AI translation services.