"Hyundai Autoever to Benefit from Hyundai Motor Group's Physical AI Strategy... Target Price Raised" [Click e-Stock]

Hyundai Motor Securities Sets Target Price for Hyundai Autoever at 7.3 Million Won

On May 20, Hyundai Motor Securities raised its target price for Hyundai Autoever by 35.2% to 7.3 million won, maintaining its "Buy" investment opinion. The company cited expectations that Hyundai Autoever will directly benefit from Hyundai Motor Group's strengthened physical artificial intelligence (AI) strategy.

As Hyundai Motor Group intensifies its physical AI strategy, expectations are rising for Hyundai Autoever, the group's software specialist. Hyundai Motor Group is implementing a transition to software-defined factories (SDF) through a domestic investment of 125 trillion won by 2030. The group has also announced plans to expand process intelligence, which has been applied at its Singapore Global Innovation Center (HMGICS) and Metaplant, to all of its factories. In this context, demand for system integration (SI) and sales from IT outsourcing (ITO) are also anticipated.

Additionally, as Boston Dynamics, the group's robotics company, deploys its four-legged robot "Spot" and humanoid robot "Atlas" in manufacturing processes, Hyundai Autoever is expected to play a key role in system construction and control system integration. Hyundai Motor Securities estimates that with the initial mass production price of Atlas at around 200 million won and the system construction cost at 10%, revenue from the initial production of 30,000 units could reach as much as 6.6 trillion won.

Furthermore, with Motional, a joint venture between Hyundai Motor Group and Aptiv, set to expand its robotaxi service by the end of the year, there are expectations for the materialization of strategies based on the autonomous driving platform "Alphamayo" and hardware platform "Hyperion 10."

Jang Moonsoo, a researcher at Hyundai Motor Securities, stated, "As Hyundai Motor Group and Nvidia deepen their comprehensive cooperation and materialize their physical AI strategy based on 50,000 next-generation Blackwell graphics processing units (GPUs), it is expected that SDF, robotics, and software-defined vehicles (SDV) will expand, positioning Hyundai Autoever as a key player in building the ecosystem." He added, "As these issues become more tangible, the stock price is expected to continue rising."

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