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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] Hyundai Motor's stock price hit a record high based on the closing price on the 22nd on expectations of expanding the value chain for hydrogen cars. KOSPI's market capitalization also climbed one notch to fourth place.
According to the Korea Exchange, Hyundai Motor closed at 277,000 won, up 24,000 won (9.49%) from the previous trading day.
Based on the closing price, the previous highest price was 267,500 won (11 days) in January 2021.
As a result, Hyundai Motor's market capitalization rose to 58.83 trillion won, ranking fourth in the market capitalization, beating Samsung BioLogics (55.302 trillion won in market capitalization based on its closing price).
Hyundai Motors announced that it will participate in the ACT Expo 2024, a clean transportation fair held at the Las Vegas Convention Center on the 20th and 23rd (local time).
Hyundai Motors plans to introduce the current status of North American logistics transportation business at the ACT (Advanced Clan Transportation) Expo and to launch a hydrogen logistics and transportation value chain in North America.
In addition, the company also unveiled a concept model for improving the marketability of the 'Excient Hydrogen Electric Truck' (XCIENT Fuel Cell Truck), which will play a key role in the business.
Hyundai Motor's outlook for strong performance in the second quarter and expectations for shareholder return also played a positive role.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
