Hyundai Motor spurs future mobility drive with new enterprises under group

2020.09.14 15:33:44 | 2020.09.14 15:37:53

[Photo by Yonhap]이미지 확대

[Photo by Yonhap]

South Korean auto conglomerate Hyundai Motor Group has set up a total of 13 enterprises to spur its future mobility plan to transform into a smart mobility solution provider for the past two years under leadership of the group’s executive vice chairman Chung Euisun.

Of the total, seven including Hyundai Hydrogen Mobility, Mocean and MoceanLab are focusing on future mobility technologies such as for autonomous driving, connectivity and electrification, according to the group on Sunday.

Various mobility technologies and services are being developed by these companies.

Hyundai Hydrogen Mobility, a joint-venture between Hyundai Motor and Swiss hydrogen solution provider H2 Energy set up in June last year, is planning to retail its hydrogen-powered trucks in a unique form in Switzerland – based on a pay-peruse mobility service system which allows operators to pay based on their use.

As the fee includes costs related to vehicle operation such as for charging, maintenance, insurance and repair, retailers will only have to hire a truck driver.

Hyundai Mobility Lab and MoceanLab have already launched their ride-sharing services in Russia and the United States.

Motional, a JV with Ireland-based auto parts supplier Aptiv, is spurring efforts to develop self-driving technologies to supply solutions to robotaxi and new mobility operators from next year.

Chung recently tapped partnership with his conglomerate peers running the country’s battery powerhouses – Jay Y. Lee, vice chair of Samsung Electronics and de-facto leader of Samsung Group, LG Group Chairman Koo Kwang-mo and SK Group Chairman Chey Tae-won, taking the initiative on the rare collabo among top business empires.

Hyundai Motor Group aims to sell 1 million units of electric vehicles to control a 10 percent market share by 2025. To achieve the goal, it plans to expand its annual investment to 20 trillion won ($17 billion) for the next five years.

By Park Yun-gu and Lee Ha-yeon

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