[Special Stock] Unique Rises on News of Hyundai Motor's Hydrogen Car 'Nexo' Receiving Subsidy Benefits in China
[Asia Economy Reporter Minji Lee] Unique is showing an upward trend.
It is analyzed that the news of Hyundai Motor's locally adapted hydrogen fuel cell vehicle (FCEV) Nexo, which applies Chinese regulations and is fully entering the local new energy vehicle (NEV) market backed by subsidy benefits, has been positively reflected.
At 10:18 AM on the 14th, Unique was traded at 7,740 KRW, up 7.5% from the previous trading day. On that day, the company's stock price soared to 8,090 KRW during the session.
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Unique is a parts supplier for Hyundai Motor. It supplies parts such as the FPS valve and hydrogen tank solenoid valve that control hydrogen supply to the ‘stack,’ the electricity generation device of hydrogen fuel cell vehicles. As Hyundai Motor's Nexo can benefit from local subsidies in China, it is estimated that the expectation of increased shipments as well as expanded presence in the NEV market has been reflected in Unique's stock price.
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