[Featured Stock] Motonic Gains on Exclusive Supply of Hydrogen Car Parts Amid Hyundai's Eco-Friendly Transition
[Asia Economy Reporter Minwoo Lee] Motonic's stock price is on the rise. As Hyundai Motor accelerates its transition to eco-friendly vehicles, including considering the suspension of new diesel engine development, the fact that Motonic exclusively supplies hydrogen car parts to Hyundai has come into the spotlight.
As of 10:45 AM on the 13th, Motonic's stock price recorded 14,700 KRW, up 5.76% compared to the previous day. The news that Motonic, Hyundai's primary hydrogen car partner, exclusively supplies hydrogen refueling-related products such as regulators, manifolds, and resettlers appears to have acted as a positive factor.
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According to industry sources, Hyundai recently reorganized its existing internal combustion engine research personnel to strengthen eco-friendly engine research and is reportedly considering halting new diesel engine development. Previously, Hyundai announced plans to expand its eco-friendly vehicle lineup from the current 15 models to 44 models by 2025, aiming to sell 1.68 million units annually. The company plans to establish a lineup of 17 models including electric and hydrogen vehicles not only for passenger cars but also for commercial vehicles. Given the global trend toward diesel phase-out, this is seen as a natural progression.
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