Shares of Hyundai Motor jump nearly 8% on Seoul’s ‘green new deal’
Wed Jul 15 2020
Mark Cooper (2142 articles)

Shares of Hyundai Motor jump nearly 8% on Seoul’s ‘green new deal’

Shares of Hyundai Motor  jumped nearly 8% on Wednesday, a day after South Korea announced a “green new deal” to spur use of environmentally friendly vehicles.

Other auto shares gained ground, with affiliate Kia Motors  rising 4.1% and auto parts supplier Hyundai Mobis  climbing 3.3%.

Hyundai Motor Group leader Euisun Chung has said Hyundai Motor and Kia Motors aim to sell 1 million battery-driven electric vehicles in 2025, together targeting more than 10% of the global market share for such vehicles.

Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.

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