Hyundai and Kia will invest in growing
its EV manufacturing footprint to scale production and satisfy U.S.
market demands. Hyundai will offer a suite of American-made electric
vehicles to U.S. consumers starting next year.
Hyundai and Kia
will monitor the market conditions and U.S. government EV policy to
finalize its plan to enhance its U.S. production facilities and
gradually expand its local EV production.
Hyundai looks forward
to working with the U.S. government and other business partners to
expand the U.S. hydrogen energy ecosystem. The company is committed to
fostering a hydrogen society to create new business opportunities for a
sustainable future.
Hyundai signed an MOU with the U.S.
Department of Energy in February 2020 to cooperate in hydrogen fuel cell
technology innovation and global expansion. This included the
installation of a hydrogen refueling station and providing Nexo SUVs.
Later
this year, Hyundai will proceed on demonstration project in preparation
for commercialization of fuel cell electric trucks. Hyundai will also
work with local partners to conduct a hydrogen refueling demonstration
project for fuel cell electric trucks. and provide logistics between
port and inland warehouses by utilizing fuel cell electric trucks.
Hyundai
have previously made an agreement with Cummins Inc., an U.S. based
company which specializes in advanced powertrain, to accelerate
deployment of fuel cell electric systems in the U.S. market.
Hyundai will launch a subsidiary in Washington, D.C. to spearhead the company’s Urban Air Mobility (UAM) businesses. The subsidiary will focus on creating an UAM ecosystem and revolutionizing the mobility experience.
The company also will firmly establish its presence in the robotics field through Boston Dynamics. Hyundai announced last year that it agreed to acquire a controlling 80 percent interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion.
In addition, Hyundai has created the joint venture, Motional, in partnership with the leading U.S. mobility technology firm Aptiv. Focused on commercializing driverless technology, Motional has obtained the industry’s first driverless license in the state of Nevada and plans to commercialize robotaxi service in 2023 along with its partner Lyft. Motional has started testing Hyundai’s all-electric Ioniq 5 equipped with advanced autonomous driving technology on public roads.
Together, Hyundai and Motional will enhance its autonomous driving technology in preparation for Lyft’s robotaxi launch in 2023.
