Hyundai Surpasses GM in Market Cap, Becomes World's Fourth-Largest Automaker

Boosted by positive news from its robotics business, Hyundai Motor's stock surged 15% on January 21, hitting a record high. The company’s shares have risen 85% year-to-date, lifting its market capitalization to approximately $76.4 billion—surpassing General Motors’ $72.6 billion and making Hyundai the world’s fourth-largest automaker by market value. The rally followed the unveiling of its next-generation humanoid robot, "Atlas," developed by Boston Dynamics, a Hyundai subsidiary. The robot is slated for deployment in factories by 2028. Hyundai is also collaborating with NVIDIA and Google DeepMind to strengthen its position in embodied AI. Analysts at KB Securities noted that Hyundai is currently the only automaker capable of competing with Tesla in the field of embodied AI, raising their target price for the stock to 800,000 won. Additionally, shares of Hyundai-affiliated companies, including Hyundai Glovis and Hyundai Mobis, also reached new highs.