• Chairman Euisun Chung stresses 2021 might be yr of nice transformation of Hyundai Motor Group into a brand new development engine
  • Group to purse uncompromising perfection in high quality and security
  • The yr 2021 might be an important inflection level:

    • Stressing eco-friendliness, future know-how, and enterprise competitiveness
    • Reinforcing electrification management with E-GMP based mostly new EV fashions
    • Striving for carbon neutrality by using hydrogen gas cell know-how
    • Realizing the most secure and most revolutionary mobility applied sciences
    • Increasing the realm of recent mobility by investing in new development fields
    • Laying the muse for the Group’s sustainable development by rationalizing enterprise portfolio

  • Chairman encourages members to search out methods to maximise shareholder worth and contribute to companions, neighbors, communities and the setting

SEOUL, January 4, 2021 – Hyundai Motor Group (the Group) Chairman Euisun Chung at this time delivered a New 12 months’s message for the Group’s staff across the globe, outlining the corporate’s strategic path and commitments for the yr 2021 and past.

Underlined in his speech had been Hyundai’s future imaginative and prescient, customer-first philosophy, quality-innovation drive and path for elevating its company tradition, because the multi-affiliate group prepares to be on the forefront of the longer term mobility business.

“We should always all keep true to our mission, which is realizing humanity’s dream of ‘secure and free mobility in addition to a peaceable life,’” Chairman Chung confused, including that “2021 must be the yr by which we kick-start our nice transformation into a brand new development engine.”

He additionally emphasised the significance of creating daring progress in eco-friendliness, future know-how, and enterprise competitiveness.

Specifically, the enduring want for prioritizing “high quality and security” was highlighted, because the Group’s chief urged all employees of the Group and enterprise companions to collaborate to “make high quality and security a high precedence.”

12 months of inflection level

“Within the post-pandemic period, social values and existence completely different from the previous will prevail,” the Chairman mentioned on the opening of the speech. “And consequently, solely these firms ready for steady transformations will survive and develop.”

He additionally expressed confidence that 2021 might be a decisive yr for Hyundai Motor Group as a catalyst for long-term sustainable investments and improvements. “We have now to subsequently consider 2021 as an inflection level for shaping our future development and put together ourselves to grow to be the primary mover in a brand new period.”

The Chairman introduced a imaginative and prescient for reworking the Group to a brand new development engine by increasing market share within the eco-friendly market, securing future know-how capabilities and strengthening enterprise competitiveness in collaboration with all of the members of the Group.

“Our nice transformation into a brand new development engine is feasible solely once we are all on board collectively,” based on Chairman Chung. “If we persevere by uniting our hearts and capabilities, I’m assured we’ll conquer any challenges and switch them into new rising alternatives.”

Electrification management

“With the launch of recent automobiles based mostly on the just lately launched electrical automobile platform, the E-GMP (Electrical-World Modular Platform), we plan to offer engaging eco-friendly mobility choices that aptly mirror clients’ various tastes and wishes at extra affordable costs,” the Chairman mentioned relating to the Group’s imaginative and prescient to grow to be a top-tier international eco-friendly model.

“Moreover, our hydrogen gas cell know-how, acknowledged because the world’s most superior, might be expanded to various mobility and industrial sectors to assist obtain carbon neutrality below the ‘HTWO (Hydrogen + Humanity)’ model,” he added.

This yr Hyundai Motor Group will focus efforts to grow to be a worldwide electrical automobile powerhouse by launching devoted electrical automobiles constructed on the E-GMP, together with Hyundai Motor’s IONIQ 5, Kia’s crossover electrical automobile and Genesis luxurious model’s crossover electrical automobiles.

The E-GMP gives a multi-charging system permitting each the 800V and 400V charging capabilities. The system is the world’s first patented know-how which operates the motor and inverter to spice up 400V to 800V for a secure charging compatibility. A battery electrical automobile based mostly on the E-GMP is able to a most vary of over 500 kilometers with a totally charged battery (WLTP normal) and it could possibly high-speed cost as much as 80 p.c in simply 18 minutes and might add as much as 100 kilometers of driving vary in simply 5 minutes.

Hyundai Motor Group plans to broaden its battery electrical automobile lineup from the present eight fashions to 23 by 2025 and promote 1 million models yearly in international markets.

It can additionally speed up the constructing of EV infrastructure. Hyundai Motor Group will arrange 20 high-speed charging stations in Korea by 2021 and can additional broaden its charging community in cooperation with power firms. Abroad, the Group plans to have EV charging infrastructure optimized for market-specific environments with varied companions, together with IONITY, Europe’s main high-power charging community by which the Group made a strategic funding.

Furthermore, the Group will speed up the creation of a hydrogen power ecosystem. It can broaden the availability of hydrogen gas cell techniques with the world’s greatest know-how as energy sources for ships, turbines, and trains in addition to international automakers. The Group just lately launched a devoted HTWO model for gas cell techniques as a part of such efforts.

Via strategic partnerships with international firms specializing in hydrogen, power and logistics, the Group will purpose to take the lead in hydrogen-related tasks. It can additionally deal with growing next-generation hydrogen gas cell techniques that might be utilized to future eco-friendly mobility options similar to City Air Mobility (UAM).

Secure and revolutionary mobility applied sciences

By way of securing future know-how capabilities, the Chairman mentioned, “We’ll notice the most secure and most revolutionary mobility know-how on the planet by strengthening our autonomous driving, connectivity and software program capabilities. We’ll proceed to put money into new development fields similar to city air mobility (UAM) and robotics to broaden the realm of recent mobility within the close to future.”

Hyundai Motor Group will apply Degree three autonomous driving know-how to mass manufacturing fashions in 2022 and push for commercialization tasks for autonomous driving applied sciences similar to robotaxi providers in 2023.

Motional Inc., the three way partnership between Hyundai Motor Group and Aptiv, plans to conduct Degree Four driverless exams on public roads in Nevada, U.S. In 2023, the corporate will work with U.S. car-sharing supplier Lyft to launch autonomous driving commercialization providers in main U.S. areas.

The Group may also deal with core applied sciences for next-generation software program similar to automobile software program that carefully interacts with automobile driving help, precision map-linked navigation, and varied linked and infotainment providers to offer the very best comfort and security to clients.

The event of the UAM product lineup, which encompasses each passenger and cargo transportation markets, can also be dashing up.

The Group goals to introduce Unmanned Plane System (UAS) for cargo with hybrid powertrains in 2026, and a totally electrified UAM mannequin optimized for city operations in 2028, and regional air mobility merchandise connecting adjoining cities within the 2030s.

Within the robotics space, the Group just lately signed a deal to amass the controlling stake in Boston Dynamics to actively reply to international mega tendencies of growing older society and digital transformation because the Group seeks to offer humanity with a better stage of expertise and extra worth.

Hyundai Motor Group’s wearable robotic know-how and its industrial and logistics automation know-how are anticipated to maximise synergies with Boston Dynamics’ revolutionary capabilities. Robotics know-how may also be utilized to numerous mobility areas similar to autonomous driving, UAM, and PBV (Goal Constructed Automobile) to assist the Group set up a number one place.

On strengthening the Group’s enterprise competitiveness, Chairman Chung mentioned, “We’ll rationalize the Group’s enterprise portfolio, and lay the muse for sustainable development by repeatedly discovering new development engines that may meet the business’s paradigm shift.”

The associates of Hyundai Motor Group will improve their future enterprise capabilities by means of electrification and self-driving core parts and software program specialization, and can discover new development engines similar to good metropolis improvement in addition to renewable power tasks.

High quality and security first

“All of our actions could be meaningless with out high quality and security, as a result of they’re the conditions for serving our clients,” Chairman Chung famous. “It must be all the time remembered that high quality and security will not be the domains of any specific fields of our operations. Prospects will solely give us their belief when all Hyundai Motor Group members and our enterprise companions work collectively to make high quality and security a high precedence”

In his inaugural message in 2020, Chairman Chung underscored an identical level, saying that “All of our targets and efforts should be customer-centric. Step one to buyer happiness is to allow them to deal with their very own lives by means of excellent high quality of our services and products.”

On the subject of the Group’s social duty, he mentioned, “I kindly ask all of you to all the time prioritize our clients and humanity in your day by day operations, in order that we are able to maximize our shareholder worth. Please suppose onerous about how we are able to contribute to our companions, in addition to varied neighbors, communities and the setting.”

About Hyundai Motor Group

Hyundai Motor Group is a worldwide company that has created a price chain based mostly on cars, metal, and development and consists of logistics, finance, IT and repair. With about 250,000 staff worldwide, the Group’s car manufacturers embody Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with inventive considering, cooperative communication and the desire to tackle all challenges, we’re working to create a greater future for all.

Extra details about Hyundai Motor Group, please see: www.hyundaimotorgroup.com

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