Hyundai Motor stock surges as much as 10% on Ioniq EV brand plan
 

Filed under: Earnings/Financials,Green,Hyundai,Green Automakers,Electric,Future

https://o.aolcdn.com/images/dims3/GL...to-EVs_121.jpg Hyundai Motor Co stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker by 2025. In an announcement earlier on Monday, Hyundai said the elevation of Ioniq from individual vehicle nameplate to a brand will support its goal of capturing 10% of global EV sales within five years. Hyundai shares reached as much as to 162,000 won (Continue reading Hyundai Motor stock surges as much as 10% on Ioniq EV brand plan

Hyundai Motor stock surges as much as 10% on Ioniq EV brand plan originally appeared on Autoblog on Mon, 10 Aug 2020 08:17:00 EDT. Please see our terms for use of feeds.



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