|Bid||204,500.00 x 0|
|Ask||205,000.00 x 0|
|Day's Range||204,000.00 - 207,500.00|
|52 Week Range||192,500.00 - 302,000.00|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 02, 2022 - Aug 08, 2022|
|Forward Dividend & Yield||2,508.00 (1.24%)|
|Ex-Dividend Date||Dec 29, 2021|
|1y Target Est||319,600.00|
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South Korea's Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 EV units, the company said in a statement. Hyundai Motor Group, which houses Hyundai Motor Co and Kia Corp, added that the battery manufacturing facility will be established through a strategic partnership, details of which will be disclosed at a later stage.
South Korean energy group SK Innovation Co Ltd warned its battery unit turnaround could take longer than past guidance indicated, taking the shine off a near-threefold jump in first-quarter profit and sending shares down as much as 5.1%. The company had been aiming for its loss-making electric car battery maker SK On, which supplies Ford Motor Co and Hyundai Motor Co, to break even by the fourth quarter of this year. But the division's operating loss widened in the first quarter to 273 billion won ($217 million) from 177 billion won a year earlier and a senior executive said the fourth-quarter target was at risk.
SK Lubricants has made an equity investment of $25 million in GRC, an American liquid immersion cooling solution provider for data centers. The investment will accelerate SK Lubricant's liquid-based thermal management business and execution of its "Carbon to Green" ESG strategy.