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Hyundai Motor breaks ground for fuel cell system plant in China


Hyundai Motor breaks ground for fuel cell system plant in China
DUBAI, March 11, 2021
Hyundai Motor Group held a virtual groundbreaking ceremony for HTWO Guangzhou, the froup’s first fuel cell system facility outside of Korea. 
 
The investment advances the group’s global hydrogen leadership and supports its push into China’s rapidly developing hydrogen industry.
 
Participating in the ceremony were Li Xi, Secretary of Guangdong Province, and Ma Xing Rui, Governor of Guangdong Province both joining from Guangzhou Yuexiu International Congress Center in China along with Euisun Chung, Hyundai Motor Group Chairman, and Saehoon Kim, Hyundai Head of Fuel Cell Center and Executive Vice President both joining from Hyundai Motorstudio Goyang in Korea.  ....

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Chung Mong-koo to loosen control of Hyundai Motor Group


By Nam Hyun-woo
Hyundai Motor Group Honorary Chairman Chung Mong-koo will vacate his board membership at Hyundai Mobis, loosening his control over the management of Hyundai Motor Group companies.
According to industry officials, Sunday, Chung won t be renamed as an internal director on the Hyundai Mobis board of directors during the component maker s annual general meeting slated for March 24.
Chung s current term expires in March, and the honorary chairman has already passed over the majority of Hyundai Motor Group companies managing rights to his son, Hyundai Motor Group Chairman Chung Euisun.
When Chung Mong-koo ends his term, the 82-year-old will no longer hold board memberships at Hyundai Motor Group, meaning he won t be involved in managing the auto giant in the future. ....

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Hyundai to acquire Boston Dynamics - PLANT


Hyundai to acquire Boston Dynamics
Boston Dynamics is also entering the logistics automation market and will introduce a mobile robot for warehouses in 2021
December 22, 2020  
by Plant Magazine
Hyundai Motor Group and SoftBank Group Corp. have agreed on main terms of the transaction pursuant to which Hyundai Motor Group will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed.
Under the agreement, Hyundai Motor Group will hold an approximately 80% stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20% stake in Boston Dynamics after the closing of the transaction. Headquartered in Seoul, South Korea, Hyundai Motor Group’s affiliates  ....

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