[Featured Stock] Samki Expected to Benefit from Hyundai Motor's Electric Vehicle Speed Race... Carbon Neutral Roadmap for the Electric Energy Era

[Asia Economy Reporter Hyungsoo Park] Samki's stock price is on the rise. Hyundai Motor Company revealed its electrification plan through the Genesis brand vision presentation. Starting in 2025, all new cars will be launched only as hydrogen and electric vehicles, and by 2030, they aim to complete an 8-model lineup and achieve annual sales of 400,000 units.

At 10:38 AM on the 3rd, Samki was trading at 5,940 KRW, up 8.79% from the previous day.

Hyundai Motor Company disclosed a goal to stop producing internal combustion engine vehicles after 2030 and produce only electrified vehicles. Through this, they plan to achieve carbon neutrality by 2035. To reach this goal, they will also invest in developing new fuel cell systems and next-generation lithium-ion batteries.

Researcher Eunyoung Lim of Samsung Securities said, "Among luxury brands, this is the fastest electric vehicle transition goal, which is a positive factor for the image of technological innovation," and added, "A hydrogen strategy will be announced on the 7th to 8th, and upgraded electric vehicle strategies for both Hyundai Motor Company and Kia will be announced within the year."

She continued, "Carbon reduction will be promoted through innovation from raw materials, parts, vehicles, and the factories where vehicles are produced to business sites," and explained, "The Ulsan Plant 5 and the Asan Plant, where construction for the Ioniq 6 is currently underway, are expected to be the first to introduce carbon-neutral production processes."

She said, "With a clear carbon-neutral roadmap presented by each Hyundai Motor brand, the possibility of leaping to a Tier-1 brand in the electric energy era has greatly increased."

Samki is a company that mainly produces aluminum die-casting parts for engines and transmissions, such as cylinder blocks and valve bodies. It has also started full-scale production of BEV parts after receiving orders for battery end plates and drive motor housings from LG Chem and LG Electronics, respectively. This year, its subsidiary Samki Precision expanded its BEV parts portfolio by securing orders for reduction gear cases for HMG. The sales composition by product is 23.7% engine parts, 54.5% transmission parts, and 12.7% BEV parts.

Major customers include HMG (around 60%) and Volkswagen Group (around 15%), and the sales proportion to the LG Group is rapidly increasing due to the increase in BEV parts supply volume.

Researcher Junho Park of Hanwha Investment & Securities analyzed, "Even assuming a 30% increase in BEV production volume by customers next year, sales exceeding 700 billion KRW and operating profit in the mid-300 billion KRW range are expected," adding, "This is because HMG's ICEV parts sales have entered a stable cycle."

He added, "The key points to watch over the next 2 to 3 years will be the trend of BEV parts orders from the LG Group and whether the supply of BEV parts to HMG expands."

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