Shinhan Asset Management noted Hyundai Motor Group's physical artificial intelligence (physical AI) strategy and analyzed that expectations for structural re-evaluation of the group as a whole are growing.
"Hyundai Motor Group announced its transformation into a physical AI company beyond automobiles through CES 2026 in Las Vegas," Shinhan Asset Management said on the 9th. "All group stocks such as Hyundai Motor, Hyundai Mobis, Hyundai AutoEver, and Kia are showing strong performance."
On the 7th, Hyundai Motor Group shares, including Hyundai Motor (15.72 percent), Hyundai Mobis (8.98 percent), Hyundai AutoEver (30 percent, upper limit), and Kia (5.89 percent), showed strong performance in the domestic stock market. SOL Automobile TOP3 Plus Exchange Traded Fund (ETF) recorded a daily return of 6.98%.
The yields for the past three months, six months, and one year are 38.79%, 51.78%, and 57.46%, respectively.
In the market, expectations are growing that Hyundai Motor Group's strategy to expand beyond automobiles to future manufacturing companies based on robots, autonomous driving, and AI can lead to a valuation revaluation.
Boston Dynamics' humanoid robot "Atlas" will be unveiled at CES 2026, revealing Hyundai Motor Group's "robot and physical AI" strategy. Amid growing expectations for structural revaluation across the group, "SOL Automobile TOP3 Plus (stock code: 466930)," which incorporates key affiliates with a high weight, is drawing attention as the most direct beneficiary ETF.
Hyundai Motor Group has invited more than 100 top executives, including presidents of major affiliates, heads of overseas regions, and vice presidents, to CES 2026. It's Boston, a subsidiary of the United StatesIt conducted a demonstration of the next-generation electric humanoid robot "Atlas" developed by Na Mi Mix and the quadruped walking robot "Spot." It is also said that they discussed ways to cooperate with Google DeepMind, Nvidia, Qualcomm, Samsung Electronics, and LG Electronics regarding AI partnerships.
"Hyundai Motor Group's willingness to expand into a robot, autonomous driving, and AI-based future manufacturing company is leading to a structural re-evaluation of the group," said Kim Jung-hyun, general manager of Shinhan Asset Management's ETF business. "As Boston Dynamics has announced a partnership with Google DeepMind and expanded its commercialization cases by supplying quad-walking robots to various industries, competition is expected to begin in earnest in the humanoid robot market in the future."
Hyundai Motor Group is evaluated as being able to utilize its manufacturing capabilities in robot production and having a broad partner base.
In addition, Shinhan Asset Management added that the scope of cooperation between Hyundai Motor and Nvidia in the field of autonomous driving and physical AI could be expanded with Nvidia CEO Jensen Huang unveiling the autonomous driving platform "Alphamayo."
OL Automobile TOP3 Plus recently surpassed KRW 120 billion in net assets, and its net assets have increased sharply by more than KRW 30 billion in the past month. The ETF invests about 75% in Hyundai Motor (26.48%), Hyundai Mobis (24.77%), and Kia (23.93%) and also includes partners such as Samsung Electronics, LG Electronics, Hyundai AutoEver, and HL Mando.
"The SOL Auto TOP3 Plus ETF can be used as an ETF for Hyundai Motor's physical AI ecosystem beyond automobile ETFs as it can invest in key affiliates while also investing in major partners in the process of expanding its business to physical AI," Kim added.
