Tags: APFN | AS | SKorea | Hyundai | Grab

Hyundai Motor Invests in Southeast Asian Ride-sharing Grab

Thursday, 11 January 2018 03:39 AM

SEOUL, South Korea (AP) — Hyundai Motor says it is joining hands with Southeast Asian ride-hailing service Grab to break into one of the world's fastest-growing markets.

The South Korean company said on Thursday that it has partnered with the Singapore-headquartered company to explore joint use of Hyundai's Ioniq electric cars among others.

Under the partnership with Hyundai, Grab has raised more than $2.5 billion in its latest round of fundraising, which also includes Didi Chuxing, Softbank and Toyota Tsusho.

Tech services companies and auto manufacturers are stepping up cooperation on self-driving, artificial intelligence and other new technologies that are reshaping the auto industry.

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Hyundai Motor says it is joining hands with Southeast Asian ride-hailing service Grab to break into one of the world's fastest-growing markets.The South Korean company said on Thursday that it has partnered with the Singapore-headquartered company to explore joint use of...
APFN,AS,SKorea,Hyundai,Grab
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2018-39-11
Thursday, 11 January 2018 03:39 AM
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