On the 5th, Hyundai Motor shares jumped. The swift expansion of market share in the U.S. hybrid vehicle market appears to have boosted investor sentiment.
As of 10:04 a.m. that day, Hyundai Motor was trading at 301,000 won on the Korea Exchange, up 17,500 won (6.17%) from the previous session. It also set a new 52-week high during intraday trading at 303,500 won.
The rapid expansion of market share in the U.S. hybrid car market appears to be pushing the stock higher.
Yun Hyeok-jin of SK Securities said, "Even under a 25% tariff, Hyundai Motor's U.S. market share increased," and added, "If Nissan and Stellantis, whose earnings power is weak, raise prices first, the U.S. auto market—where a 15% import car tariff is imposed—could see a rapid reshuffle centered on Hyundai Motor Group and Toyota."
Hybrid vehicles are taking a growing share in the U.S. auto market. The share of hybrids among all vehicles, which was only about 6% in early 2022, has more than doubled recently to the 13% range. Hyundai Motor's U.S. hybrid market share rose from the 5% range in early 2024 to the 8%–9% range recently.
Expectations of a governance overhaul also appear to be supporting Hyundai Motor shares.
Choi Tae-yong of DS Investment & Securities said, "Although Hyundai Motor is expanding its market faster than any other global automaker, its stock is undervalued because its artificial intelligence (AI) software (SW) development capabilities for Autonomous Driving are dispersed within the group across Hyundai Mobis, Hyundai AutoEver, and others," and added, "If the governance structure is revamped, the corporations value will be re-rated."