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Hyundai Motor Group deepens partnership with Grab to accelerate EV adoption in Southeast Asia

Hyundai Motor Group deepens partnership with Grab to accelerate EV adoption in Southeast Asia
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Hyundai Motor, LG Energy Solution set on Indonesia for their first overseas JV project

Hyundai Motor, LG Energy Solution set on Indonesia for their first overseas JV project 2021.05.26 11:22:35 | 2021.05.26 15:33:16 Hyundai Motor, LG Energy Solution set on Indonesia for their first overseas JV project Receiver 이미지 확대 South Korea’s Hyundai Motor Co. and LG Energy Solution Ltd. will spend $1.2 billion to build Southeast Asia’s first electric vehicle battery plant in Indonesia in joint venture. Korea’s top auto and battery makers are planning to unveil detailed plans on their first overseas JV project next month. The location for the plant with an estimated annual output of 10 GWh in Indonesia is yet unknown, according to industry sources on Tuesday.

Kia starts pilot of last-mile delivery service in Singapore

Kia starts pilot of last-mile delivery service in Singapore DUBAI, March 7, 2021 Kia Corporation has begun to lay the groundwork for its innovative Purpose Built Vehicle (PBV) business, partnering with cold chain startup ‘S.lab Asia Inc.’ to break into Singapore’s last-mile delivery market.   On January 28, the two companies have signed a memorandum of understanding aimed at launching a pilot project in Singapore using the Niro EV and evaluating the potential for a future PBV-based business model.   The Niro EV model optimised and modified for last-mile logistics service will be used in Singapore’s city centre, in the process responding to the needs of the rapidly growing e-commerce market. In addition, the strategic model will also help strengthen the PBV capabilities and service operations of both partners.

Kia starts last-mile delivery service pilot in Singapore for future PBV business

Kia starts last-mile delivery service pilot in Singapore for future PBV business Kia Corporation has begun to lay the groundwork for its innovative Purpose Built Vehicle (PBV) business, partnering with cold chain startup S.lab Asia Inc. to break into Singapore s last-mile delivery market. On 28 January 2021, the two companies have signed a memorandum of understanding aimed at launching a pilot project in Singapore using the Niro EV and evaluating the potential for a future PBV-based business model. The Niro EV model optimised and modified for last-mile logistics service will be used in Singapore s city centre, in the process responding to the needs of the rapidly growing e-commerce market. In addition, the strategic model will also help strengthen the PBV capabilities and service operations of both partners.

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