Shares of Hyundai Motor jump nearly 8% on Seoul's 'green new deal'


SEOUL, July 15 (Reuters) - Shares of Hyundai Motor 005380.KS jumped nearly 8% on Wednesday, a day after South Korea announced a "green new deal" to spur use of environmentally friendly vehicles. L3N2EL1DT

Other auto shares gained ground, with affiliate Kia Motors 000270.KS rising 4.1% and auto parts supplier Hyundai Mobis 012330.KS climbing 3.3%.

Hyundai Motor Group leader Euisun Chung has said Hyundai Motor and Kia Motors aim to sell 1 million battery-driven electric vehicles in 2025, together targeting more than 10% of theglobal marketshare for such vehicles. S6N2DO00D

(Reporting by Hyunjoo Jin; Editing by Clarence Fernandez)

((; 82-2-3704-5685; Reuters Messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.