Hyundai Motor Group’s executive vice chairman Euisun Chung is defined to be made president for the carmaker that is Korean soon because on Wednesday, Yonhap news agency reported, as he formally takes over the reins from his octogenarian father.
Hyundai Motor plans to hold a board meeting perhaps on Wednesday to advertise Chung to chairman of Southern Korea’s second-largest conglomerate, Yonhap reported on Tuesday, citing unnamed sources which can be business.
Hyundai declined to comment.
Chung, born in 1970, has led Hyundai Motor Group’s current push in electric cars (EVs), hydrogen and mobility vehicles. In July, he announced that Hyundai and sibling business Kia Motors (KS:000270) aimed to sell 1 million electric automobiles (EVs) in 2025, jointly targeting an even more than 10% share regarding the market that is global EVs.
Chung’s dad and group patriarch Mong-Koo Chung threw in the towel their board chair in Hyundai Motor earlier this season after stepping right back from frontline operations in the last few years, and Euisun Chung has played an leadership that is increasingly noticeable since 2018.
Hyundai and Kia are together the world’s fifth-largest carmaker, although they are going to fall to position that is sixth Fiat Chrysler (FCA) (MI:FCHA) and PSA (PA:PEUP) complete their merger next year beneath the title of Stellantis.
Hyundai engine seems to be according that is costly my price numerous model, which makes an evaluation between your company’s price-to-earnings ratio plus the industry average. In cases like this, I’ve utilized the price-to-earnings (PE) ratio given that there is not information that is enough reliably forecast the stock’s cash flows. Hyundai Motor Group’s executive vice chairman Euisun Chung is defined new chairman.
Hyundai Motor’s ratio of 28.12x is above its average that is peer of, which suggests the stock is trading at a higher cost compared to the automobile industry. Some time to fall back down to a stylish buying range, and next, there may be less possibilities to buy low in the long term once it reaches that value in addition to this, it looks like Hyundai Motor’s share price is quite stable, which may mean a couple of things: firstly, it may take the share price. This is because the stock is less volatile compared to the wider market provided its low beta..