Australia's electric vehicle market is experiencing notable advancements following a new partnership between Smart and Hyundai Capital Australia. This collaboration aims to simplify and increase the accessibility of novated leasing for customers at Hyundai and Genesis dealerships. Through this initiative, customers can benefit from bundled cost savings that include significant tax advantages, particularly for electric vehicles (EVs) that qualify for the Fringe Benefits Tax exemption. This development provides Australians with a more cost-effective pathway to EV ownership, aligning with growing consumer demands for affordable and flexible vehicle financing solutions.

• Hyundai Motor (KOSE:A005380) last closed at ₩389,500 up 11%.

In other market news, IbidenLtd (TSE:4062) was a notable mover up 22% and closing at ¥16,650. At the same time, Aisin (TSE:7259) softened, down 11.7% to end trading at ¥2,224. On Friday, Aisin held its Q1 2027 earnings call.

Hyundai's rapid expansion in the eco-friendly vehicle market is set to drive significant revenue and margin growth. Discover the full narrative to explore Hyundai's promising strategic positioning.

You may want to explore our Market Insights article titled 'What makes a lasting brand?' revealing key lessons from Ferrari's EV debut and its immediate market impact—read it now before it's too late!

Best EV Stocks

• Tesla (NasdaqGS:TSLA) finished trading at $308.85 up 3.5%, hovering around its 52-week low. This week, Tesla expanded its energy engagements by signing a new 140 MWac power purchase agreement for a solar project in Texas.

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• Navigate through the entire inventory of 69 EV Stocks including Vicor, Li Auto and DENSO here.
• Want Some Alternatives? The latest GPUs need a type of rare earth metal called Terbium and there are only 29 companies in the world exploring or producing it. Find the list for free.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Smart and Hyundai Capital Australia bring novated leasing to dealerships for onsite customer savings" from SMARTGROUP CORPORATION LTD on GlobeNewswire (published 30 July 2026)

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