Hyundai Motor was strong early on the 1st, helped by hopes for an end to the Middle East war.
As of 9:52 a.m. that day, Hyundai Motor was trading at 473,500 won, up 28,000 won (6.29%) from the previous session.
Hyundai Motor fell more than 5% the previous day, yielding the No. 3 spot in market capitalization to LG Energy Solution. But it rose more than 6% that day to reclaim No. 3 after Samsung Electronics and SK hynix.
At the same time, Hyundai Motor's market cap was 97.2599 trillion won, about 4.3 trillion won larger than LG Energy Solution (92.8980 trillion won).
Song Seon-jae, a researcher at Hana Securities, said, "Among the variables that determine the corporate value of automakers is the development and pace of Autonomous Driving technology, so assessments of Hyundai Motor Group's Autonomous Driving roadmap and execution strategy are bound to continue."
Song added, "Hyundai Motor has laid the groundwork to close the technology gap with Tesla and Chinese companies in the Autonomous Driving HW sector through strengthening its own capabilities and collaboration with Nvidia."