Hyundai And Seoul National University Open Joint Battery Research Center
Portfolio Pulse from Shivani Kumaresan
Hyundai Motor Company has inaugurated a Joint Battery Research Center with Seoul National University (SNU). The partnership aims to advance battery technologies and will undertake 22 joint research projects, including lithium metal and solid-state batteries. Hyundai will invest over KRW 30 billion by 2030 to facilitate research at the center.
July 25, 2023 | 11:05 am
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NEUTRAL IMPACT
Hyundai's partnership with SNU to advance battery technologies could potentially enhance the company's electric vehicle offerings, which may positively impact its stock in the long term. However, the stock closed lower by 0.24% at $40.90 on Monday.
The partnership with SNU is a strategic move by Hyundai to advance its battery technologies, which is crucial for the development of electric vehicles. This could potentially enhance Hyundai's competitiveness in the EV market. However, the immediate impact on the stock is neutral as the benefits of this partnership will likely be realized in the long term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100