Hyundai extends strategic partnership with Grab to promote EVs in Southeast Asia

Hyundai Motor Group on Tuesday has announced an extension of its strategic partnership with ride-hailing giant Grab to promote electric mobility in the Southeast Asian region. The next phase of the alliance between these two companies will focus on accelerating electric vehicle adoption in the region.

By: HT Auto Desk
| Updated on: 22 Jun 2021, 12:33 PM
Follow us on:
Follow us on:
Hyundai plans to launch new pilot projects such as electric vehicle leasing, battery-as-a-service, car-as-a-service.
Hyundai plans to launch new pilot projects such as electric vehicle leasing, battery-as-a-service, car-as-a-service.

Also Read : Hyundai teases 2022 Elantra N performance model, rival to Honda Civic Type R

Under this partnership, both Hyundai and Kia will work with Grab. These companies are claimed to be working on pilot projects to reduce the cost of ownership and range anxiety for the Grab drivers. Grab aims to increase electric vehicles in its ride-sharing and delivery fleet through this project.

Hyundai Motor Group has been aiming to become a mobility service provider instead of just an automobile manufacturer, just like several other automakers around the world. The partnership appears to be a part of that stratetgy. The South Korean automobile giant plans to launch new pilot projects such as electric vehicle leasing, battery-as-a-service, car-as-a-service. Besides that, it also plans to introduce a dedicated EV financing model.

The pilot programes are claimed to start in 2021 in Singapore. Then it will expand to Indonesia and Vietnam as well.

Commenting on this strategic partnership, Minsung Kim, vice president of the Innovation Division at Hyundai Motor Group, said that the automaker and Grab were able to discover the possibility of EV businesses in Southeast Asia through their alliance since 2018.

"With Grab having the largest driver network in the region and Hyundai's comprehensive mobility solutions, we are confident that together we can help to increase the adoption of EVs and ultimately reduce carbon emissions throughout the region. Beyond its on-going projects, the Group expects additional cooperation with Grab to be a key driver to lead the mobility market of the future in Southeast Asia," Kim further added.

Hyundai last year had unveiled a dedicated electric vehicle platform. The automaker aims to roll out at least 23 EVs across different bodystyles based on this architecture by 2025. The strateguic partnership with Grab would give the automaker a platform to further strengthen its EV drive.

First Published Date: 22 Jun 2021, 12:33 PM IST
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
70% OFF
VENO Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable (2 in 1 Vacuum Cleaner)
Rs. 899 Rs. 2,999
5% OFF
Godrej aer O – Hanging Car Air Freshener | Car Accessories | Cool Aqua (7.5g)
Rs. 94 Rs. 99
SHAYONAM Dent Removal Kit - Powerful Car Dent Repair Kit - Suction Cup Dent Puller Handle Lifter and Dent Repair Puller for Car Body Dent, Glass, Tiles and Mirror (Plastic)
Rs. 349
5% OFF
Godrej aer O – Hanging Car Air Freshener | Car Accessories | Musk After Smoke (7.5g)
Rs. 94 Rs. 99

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.