Hyundai Motor begins to develop a local electric car and electric scooter, according to a report on the media, as the automaker in South Korea is seeking to expand in the burgeoning “smart mobility” industries.
Hyundai Motor Company Info:
CEO: Chung Mong-koo
Headquarters: Seoul, South Korea
Founder: Chung Ju-yung
Founded: December 29, 1967
Revenue: 86 billion USD (2013)
Parent organization: Hyundai Motor Group
The development of smart ways to get around – known in the industry as intelligent mobility – seems to be the new battleground for automakers, as urbanization increases, pollution is getting worse and more cars clog cities in emerging markets.
The plan is part of a future project IONIQ unveiled by the automaker’s heir apparent and vice chairman Chung Eui-sun at the Geneva Motor Show on Tuesday.