Hyundai Motor Co (OTCPK:HYMTF)
$ 50 -2 (-3.85%) Market Cap: 26.50 Bil Enterprise Value: 111.36 Bil PE Ratio: 2.83 PB Ratio: 0.53 GF Score: 87/100
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Hyundai Motor Co CEO Investor Day (English, Korean) Transcript

Dec 10, 2020 / 05:00AM GMT
Release Date Price: $41.1 (-1.60%)
Won;Hee Lee
Hyundai Motor Company - President, CEO & Internal Director

(presentation)

(foreign language)

Albert Biermann
Hyundai Motor Company - President and Head of Research & Development Division

Hello, everyone. This is Albert Biermann, President and Head of Hyundai Motor's R&D Center. Electrification is the biggest buzz in the auto industry today. This year, due to COVID-19, the global automobile demand has weakened significantly, declining by about 20%. However, electric vehicle sales are telling a different story with a 7% year-over-year increase. Especially in Europe, sales of electric vehicles have sharply risen by 64% compared to 2019 due to tighter CO2 emission regulations while the overall demand fell by more than 30%.

With the European market leading the way, the growth of electric vehicles is expected to accelerate further in years to come. By 2030, we expect the electric vehicle market to take up around 30% of the entire automobile market.

Now let us see Hyundai Motor Company is doing

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