SEOUL (Reuters) – Shares of Hyundai Motor Co <005380.KS> jumped as much as 10.2% on Monday after it announced its plan to create a family of electric vehicles it will sell under the Ioniq brand as part of its drive to become the world’s third largest seller of EVs by 2025.
Other auto shares rose, with affiliate Kia Motors Corp <000270.KS> rising 5.6% and auto part supplier Hyundai Mobis Co Ltd <012330.KS> climbing as much as 7.4%.
(Reporting by Heekyong Yang and Joori Roh; Editing by Kim Coghill)
