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Kia is in discussions with Huawei to incorporate smart cockpit solutions in its upcoming electric vehicles, specifically targeting the Chinese market. The collaboration may extend to various technologies, including third-generation electric systems and energy replenishment tech, as Kia aims to enhance its competitiveness in China. The automaker plans to unveil six smart cars between 2023 and 2027 while increasing the use of native components.
Samsung Electronics led South Korea in average salaries for outside directors in 2024, offering 183.3 million won (US$126,308) per director, despite a 9.8% decrease from 2023. Among 247 analyzed firms, 29 companies paid over 100 million won, primarily from major conglomerates like Samsung, SK, Hyundai Motor, and LG.
In 2024, global IPO activity declined, with a 10% drop in the number of offerings to 1,215 and a 4% decrease in transaction value to $121 billion. The US market saw significant growth, while China's IPOs plummeted by over half, reflecting stark regional disparities influenced by deglobalization and interest rate changes. Switzerland's Galderma IPO ranked fifth globally, and experts express optimism for a market revival in 2025, driven by favorable conditions and potential deregulation in the US.
In 2024, global IPO activity declined, with a 10% drop in the number of offerings to 1,215 and a 4% decrease in transaction value to $121 billion. The U.S. market saw significant growth, while China experienced a dramatic slump, with IPOs halving to 170 and transaction value plummeting by 65%. Despite challenges, optimism for a revival in capital markets is noted, particularly in Switzerland, driven by interest rate cuts and favorable market conditions.
Hyundai Motor India plans to enhance the electric vehicle charging infrastructure by installing nearly 600 fast-charging stations over the next seven years. This initiative aims to alleviate consumer concerns about long-distance travel in EVs due to insufficient charging options along highways. With access to advanced global EV and battery technology, Hyundai is set to create a comprehensive EV ecosystem in India.
Hyundai IONIQ 5 sales surged 110% in November 2024, reaching a record 4,989 units, up from 2,372 in November 2023. While IONIQ 6 sales dipped by 19%, overall EV sales for Hyundai grew significantly, with a 30% increase in IONIQ 5 sales year-to-date. The company continues to focus on expanding its electric and hybrid vehicle lineup, anticipating further growth with the upcoming IONIQ 9.
RVNL, Swiggy, and NTPC Green are set to join AMFI's largecap list, while IDBI Bank and NHPC may drop to midcap status, according to Nuvama's projections for the first half of 2025. CG Power, Rail Vikas Nigam, and Indus Towers are also expected to transition to largecap, with the largecap cut-off projected to rise to approximately Rs 99,200 billion.
Overseas investors are identifying opportunities in India's industrials, healthcare, and telecommunications sectors, despite record outflows from local shares exceeding $2 billion last month. This shift comes as global funds retreat from banks, consumer, and energy sectors, reflecting a broader trend towards investment-led growth. The recent $3.3 billion IPO of Hyundai Motor India highlights the potential in specific areas, even as overall market momentum slows.
M&M, Hyundai, and Kia are among eight car manufacturers facing penalties totaling up to Rs 7,300 crore for failing to meet emission standards. Hyundai faces the largest penalty of over Rs 2,800 crore, while Mahindra and Kia could incur penalties of nearly Rs 1,800 crore and over Rs 1,300 crore, respectively. The Bureau of Energy Efficiency's stricter norms, effective from January 2023, require significant reductions in fuel consumption and carbon dioxide emissions, but car makers argue they should not be penalized for the entire fiscal year 2023.
Morgan Stanley and JPMorgan have initiated 'overweight' ratings on Hyundai Motor India, predicting a potential upside of 29%. Morgan Stanley set a price target of Rs 2,418, while JPMorgan targets Rs 2,200, citing attractive valuations and a strong SUV mix that enhances profitability. Both brokerages expect a recovery in the passenger vehicle market to benefit Hyundai in FY25.
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Kia partners with Huawei for smart cockpits in upcoming Chinese electric vehicles
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11:36 02.04.2025
Samsung leads in outside director salaries among South Korean firms
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global ipo market sees decline with europe and usa showing resilience
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10:23 18.12.2024
Hyundai Motor India to install 600 fast charging stations nationwide
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amfi largecap list may include swiggy ntpc green and rvnl
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