New Delhi: Euisun Chung, Government Chair of Hyundai Motor Group (the Group), is at the moment visiting Brazil, and has met with the nation’s President Luiz Inácio Lula da Silva.
President Lula; Geraldo José Rodrigues Alckmin Filho, Vice President and Minister of Trade and International Commerce of Brazil; and Jose Muñoz, President and International Chief Working Officer at Hyundai Motor Firm, have been additionally current on the assembly at President Lula’s workplace on February 22.
Government Chair Chung first thanked the Brazilian authorities for its continued curiosity and help in Hyundai Motor’s Brazilian plant and launched varied initiatives on the plant for the good thing about staff and the encircling communities.
“Hyundai Motor Group desires not solely to promote automobiles but additionally to develop along with Brazil,” stated Government Chair Chung. “We’re finishing up varied social contribution actions for the Brazilian neighborhood, together with free dental therapy and reforestation packages.”
Government Chair Chung added, “Hyundai pledges continued investments in varied areas to additional contribute to the Brazil’s economic system in collaboration with companions.”
President Lula stated, “A secure nation with a future receives extra funding. I obtained the Government Chair of Hyundai Motor Group, Euisun Chung, who introduced that the Group plans to take a position greater than USD 1.1 billion by 2032 in know-how and inexperienced hydrogen. One other nice firm rising in our nation.”
With an employee-first philosophy in place, Hyundai Motor’s Brazilian plant has obtained the Good Job Corporations Certification awarded by the Secretariat of Employment and Labor Relations (SERT) in São Paulo.
Concerning the Brazilian authorities’s de-carbonization coverage, Government Chair Chung stated, “We’re nicely conscious of the Brazilian Authorities’s effort to R&D and making use of eco-friendly power sources to the industries,” expressing deep sympathy for the Brazilian authorities’s varied eco-friendly insurance policies and added, “Hyundai Motor Group will actively contribute to the hydrogen infrastructure and mobility sector in Brazil.”
Government Chair Chung stated, “Hyundai Motor Group is pushing for a speedy electrification technique that encompasses electrical and hydrogen automobiles to attain zero carbon emissions, and hydrogen power is a key technique of responding to local weather change and an essential useful resource to enhance electrification.”
Government Chair Chung additionally defined Superior Air Mobility (AAM), through which the Group is in search of to broaden its market and safe technological competitiveness as a part of securing future mobility management, and Small Modular Reactor (SMR), which the Group is accelerating the event of as a secure energy supply.
The Group will intention to solidify itself as a number one EV model within the Brazilian market, the place competitors for eco-friendly mobility will intensify, whereas actively pursuing progress measures for a brand new leap ahead within the Brazilian market in methods resembling in search of enterprise alternatives utilizing the Group’s superior hydrogen know-how.
It is going to additionally launch the Kia EV5, which is scheduled to be mass-produced this yr, and proceed to broaden its Brazilian electrification lineup. Additionally, as a part of the response to the Inexperienced Mobility Innovation Program, a Brazil-optimized powertrain for hybrid FFV (Versatile-Gas Automobile) can be developed.
The Group will even actively pursue progress in enterprise alternatives utilizing the Group’s superior hydrogen know-how and can broaden its international hydrogen community to Latin America, specializing in Brazil, which is main the renewable power market within the area.
The Group plans to find new companies resembling exploring new markets for hydrogen business automobiles and supplying hydrogen gasoline cell methods whereas strengthening its cooperative networks among the many Group associates to create a hydrogen ecosystem and actively create new companies utilizing hydrogen in Brazil and Latin America.
To this finish, a company devoted to the hydrogen enterprise in Latin America was established in Brazil final yr and is actively exploring the hydrogen market.
The Group is main the worldwide hydrogen mobility ecosystem by persevering with to develop varied applied sciences and make investments repeatedly all through all the stage of the hydrogen worth chain. At CES 2024, the Group introduced its imaginative and prescient for a hydrogen-powered, software-driven transformation past mobility purposes below the theme of ‘Ease Each Method.’
The Group can also be finishing up social contribution actions for the Brazilian neighborhood. The Group has been working the Sorisso Cidadao program for 10 years, which supplies free dental providers to greater than 70,000 kids and safety officers in Piracicaba Metropolis. The Group can also be offering science and coding courses to college students in Piracicaba Metropolis public colleges.
As well as, the Group can also be conducting the IONIQ Forest Marketing campaign in addition to joint analysis with native establishments, together with the College of São Paulo to revive tropical forests.
Following the assembly with President Lula, Government Chair Chung met with college officers, together with Carlos Gilberto Carlotti, Jr., president of the College of São Paulo, to debate methods to foster expertise in eco-friendly fields and cooperate with {industry}.
“Hyundai Motor Group goals to resolve power inequality via hydrogen power and velocity up the transition to a hydrogen society,” stated Government Chair Chung. “We hope to guide Brazil’s clear power market via shut cooperation with the College of São Paulo, which has a excessive degree of competitiveness in varied eco-friendly fields.”
Each time visiting different international locations, Government Chair Chung has frolicked assembly with presidents of main native universities to have in-depth conversations.
Final yr, he additionally met with the president of Georgia Tech within the U.S. and the president of Hanoi Nationwide College in Vietnam to debate how you can safe future applied sciences, foster and uncover excellent expertise, and promote industry-academic cooperation in new companies.
In the meantime, Government Chair Chung additionally plans to go to Hyundai Motor’s Brazilian plant to examine on manufacturing websites and the present standing of Latin American companies in addition to mid- to long-term eco-friendly mobility methods.
