[Click eStock] "Hyundai Mobis, Benefiting from Hyundai Motor Electric Vehicles... Holds Growth Potential"

[Asia Economy Reporter Ji Yeon-jin] NH Investment & Securities announced on the 29th that it maintains a target price of 530,000 KRW for Hyundai Mobis, a key parts supplier, as the introduction of Hyundai Motor Group's dedicated electric vehicle platform (E-GMP) this year is expected to drive mid- to long-term growth.

Hyundai Motor Group announced a goal of selling 1 million electric vehicles by 2025, starting with the introduction of the E-GMP this year. Hyundai Mobis's electrification sales are expected to expand from 4.2 trillion KRW (11.5% of total sales) last year to 19.6 trillion KRW (35% of total sales) by 2025.

Hyundai Mobis's sales and operating profit in the fourth quarter of last year were 10.6764 trillion KRW and 702.3 billion KRW, respectively, representing increases of 2.6% and 6.6% year-on-year, surpassing market expectations. This was thanks to the recovery of Hyundai Motor Group's global operating rate and improved profitability in the module division. Fourth-quarter electrification sales reached 1.2569 trillion KRW, a 46.5% increase year-on-year, with the electrification sales ratio recording 11.8%.

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