Hyundai Motor shares jump on new plans for electric cars 

The Hyundai Ioniq electric car is the mode of transport for the Minister for Climate Action and Environment Richard Bruton.

Hyundai Motor shares jumped to their highest price since May 2018, after the carmaker said it would create a family of Ioniq-brand electric vehicles (EV) as it aims to become the third-largest EV maker by 2025.

Hyundai said the elevation of Ioniq from individual vehicle nameplate to a brand will support its goal of capturing 10% of global EV sales within five years.