Hyundai and Grab sign strategic partnership to expand mobility service

Hyundai Motor Company, South Korea's largest automaker, and Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, have announced a strategic partnership that will expand Hyundai's innovative future mobility services in Southeast Asia.

The strategic partnership will help Hyundai explore new opportunities in the sharing economy and enhance its capability to lead future mobility in one of the world's fastest-growing markets, Southeast Asia.

The two companies will jointly explore ways to develop and provide innovative services to Southeast Asian customers, including a new mobility service platform that will utilise Hyundai's eco-friendly models such as the Ioniq Electric.

"Grab's expertise in the Southeast Asian market coupled with Hyundai's eco-vehicle leadership will bring innovative services to customers," said Dr. Young Cho Chi, Chief Innovation Officer and Head of Strategy & Technology Division.

"As we move into the next stage of Grab's growth, we look forward to collaborating closely with Hyundai to continue innovating new mobility solutions for Southeast Asia. We are pleased to welcome Hyundai to our global network of strategic partners, and we are confident that we have an alliance of strong partners to push forward into Grab's next phase of long-term growth," said Anthony Tan, Group CEO and Co-founder of Grab.

Focusing on its 'open innovation' spirit, Hyundai has been bolstering its efforts to transform people's lives with disruptive technologies and services that materialise its visions for future mobility - clean, connected and freedom in mobility.

Enhancements in mobility services include car-sharing, hailing and pooling, all of which benefit users by freeing them from existing mobility limitations.