aerospace / news / / MarketScreener
Hyundai Motor's stock climbed as much as 7.1% to 544,000 won in early Seoul trading.
Hyundai Rotem may acquire Hyundai Wia's defense division, pending final decisions within a month.
KEY POINTS
- The potential deal is valued between $250.8 million and $596.5 million by Daishin Securities.
- Hyundai Wia aims to use proceeds to expand its thermal management and robotics businesses significantly by 2030.
- Hyundai's recent 9 trillion won investment prioritizes an AI data center for autonomous vehicles and robotics.
COMPANIES
Summarized by Newsio from MarketScreener. How we summarize →