[Photo provided by Hyundai Glovis Co.]
Hyundai Glovis Co., the logistics arm of South Korea’s Hyundai Motor Group, has joined hands with Thailand’s No. 1 conglomerate Charoen Pokphand (CP) Group to facilitate the growth of green logistics in the Southeast Asian county.
Hyundai Glovis said Thursday it signed an initial deal with All Now, a logistics unit of CP Group’s distribution affiliate CP All, to introduce a fleet of electric trucks in the transport of goods from distribution centers to 7-Eleven convenience stores run by CP All across Thailand.
The pilot project will start this year, Hyundai Glovis said. The electric trucks would be supplied by its automaking affiliates Hyundai Motor Co. and Kia Motors Corp.
CP Group is Thailand’s biggest conglomerate with a sprawling empire of businesses including CP Foods, CP All and telecommunications unit True Corp. In 2018, it generated sales of 74 trillion won ($62 billion) across 21 countries, accounting for 10 percent of Thailand’s total gross domestic product.
CP All has operated 7-Eleven stores in Thailand since 1989 and now runs about 12,000 stores across the country.
“This would be Thailand’s first time rolling out electric trucks in the logistics sector,” Hyundai Glovis said. “With this partnership, we plan to start building an eco-friendly logistics network across the broader ASEAN market.”
Hyundai Glovis said it would also work with CP Group to help its latest project to streamline its overall logistics systems and increase management efficiency.
By Lee Jong-hyuk and Kim Hyo-jin
[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]