Korea Automobile: Key Takeaways From The 2019 Seoul Motor Show
The 2019 Seoul Motor Show showcased an enhancing blend and new model techniques to get better home sales.
Cutting facet tech in new and autonomous vehicles became another focal point.
The vehicle enterprise is swiftly transferring to set up an infrastructure to amplify mobility services.
Major problems and conclusions
The 2019 Seoul Motor Show, despite the lack of a new angle that confirms converting tendencies, did exhibit the following: 1) an enhancing mix and new model techniques to get better domestic income; 2) present-day technology characterized utilizing green and self-reliant automobiles, and 3) the auto industry’s circulate in the direction of setting up an infrastructure to extend mobility services.
2019 will witness a chain of latest quantity model launches (Hyundai Motor (OTCPK: HYMTF) Sonata and SsangYong Korando) and strengthen new car, and SUV lineups needed to help improve product mixes and raise sales volumes.
Industry and stock outlook
There are concerns over Hyundai Sonata and ability SUV blend deterioration at Kia (OTCPK: KIMTF) Motors ( to deplete. However, Sonata’s mass manufacturing will resume in early May; HEV and faster models will help the organization reap its 2019 home sales goal of 80,000 units. The SP2 and Mohave ease concerns over Kia’s lineup and assist enhance its product blend in 2H19. SUV’s growing proportion of income and increasing content material to nudge up Hyundai Mobil’s (OTC: HYPLF) ASP and increase core elements sales. We advocate Mobis for its fats A/S margins and profits visibility, Hyundai for its new version momentum in the near term.
2019 Seoul Motor Show showcases important carmakers’ new models and techniques
Exhibition: six Korean names and 15 overseas carmakers showcased 154 models, inclusive of 36 new automobiles. The three key phrases that describe the show are sustainable, connected, and mobility. The theme became sustainable and wise mobility revolution; green evolution thru sustainable power, clever vehicles, a new vision of mobility. There were 162 finished car makers, automobile parts providers, and others, including Hyundai, Kia, SsangYong, and Tesla (TSLA).