Hyundai partners with shared mobility players to create conducive EV ecosystem for future electric mobility

Hyundai Motor Group, with its electrification strategy (Strategy 2025) roadmap, has planned to spend over US$87bn on the development and production of electric vehicles (EVs) and autonomous vehicles by 2025. Hence, it has partnered and set-up strategic alliances with multiple stakeholders including EV component manufacturers such as batteries, charging infrastructure, battery recycling, leasing companies and shared mobility companies in recent times. All these deals have been central to Hyundai’s strategy of increasing EV adoption and creation of favourable ecosystem for future electric mobility, says GlobalData, a leading data and analytics company.