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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 trillion (US$85 billion) over the next 10 years, including KRW 35.8 trillion (US$27.8 billion) for electrification. Production.

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Hyundai Motor expands partnership with US Government to support further exploration of hydrogen fuel cell technologies

Green Car Congress

Hyundai Motor Company is expanding its partnership with the US Department of Energy (DOE) and its support of the DOE Hydrogen and Fuel Cells Program. Euisun Chung, Executive Vice Chairman of Hyundai Motor Group and Under Secretary of Energy Mark W. Hyundai provided its first NEXO SUV to the DOE in 2019.

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Hyundai Motor and Kia to form Model-Based Development (MBD) consortium to boost transition to software-defined vehicles (SDVs)

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Hyundai Motor Company and Kia Corporation signed a multilateral Memorandum of Understanding (MOU) with 17 industry-leading companies, including Hyundai Motor Group affiliates and software development companies, to form the Hyundai Motor Group Model-Based Development (MBD) Consortium.

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Hyundai Motor Group announces 2021 ZER01NE Accelerator open call to collaborate with startups

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Hyundai Motor Group announced its 2021 ZER01NE Accelerator, an open innovation platform to facilitate collaboration between startups and the Group on various projects. The Group’s organizations that are responsible for technology developments will be directly involved in reviewing and recruiting the applicants for each project.

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Hyundai Motor Group opens 2021 EV Open Innovation Challenge for charging infrastructure and service solutions

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Hyundai Motor Group is opening the 2021 EV Open Innovation Challenge following the successful completion of the EV and Battery Challenge launched in 2020 ( earlier post ). New Energy Nexus, the international startup support organization that managed the 2020 program, is facilitating this year’s program as well.

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Hyundai IONIQ 5 N becomes a finalist in the 2024 World Car Awards

Teslarati

The Hyundai IONIQ 5 N is one of the top three finalists for the 2024 World Performance Car. The World Car Awards is an annual event with over 100 international jurors who test-drive and vote on vehicles eligible to compete. Hyundai launched the IONIQ 5 N last year.

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Hyundai Motor, Kia Motors and LG Chem launch global competition to invest in EV and battery start-ups

Green Car Congress

Hyundai Motor Company, Kia Motors Corporation, and LG Chem are jointly sponsoring the “EV & Battery Challenge” (EVBC), a global competition to identify up to 10 EV and battery start-ups for potential investment and collaboration. Hyundai and Kia have gained prominence in the global market with a comprehensive portfolio of EVs.

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