Hyundai Motor Group Deepens Partnership with Grab to Accelerate EV Adoption in Southeast Asia
Hyundai Motor Group and Grab Holdings Inc. (Grab) today announced an enhancement of their ongoing strategic partnership in mobility services. The next phase of the partnership will focus on accelerating EV adoption in Southeast Asia. The Group, including Hyundai Motor Company and Kia Corporation which are the Group’s affiliates, and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety.
Survey results from initial EV pilot in Singapore found that high costs, lack of charging locations and long waiting times for charging are top barriers hindering Grab driver-partners from adopting EVs. Both parties will also develop a joint EV roadmap to accelerate adoption in Southeast Asia.
Since the initial partnership was announced in 2018, both parties have launched a series of EV pilots in Southeast Asia, starting with Singapore in 2019 and Indonesia in 2020. The pilots saw the deployment of 200 Hyundai Kona EVs in Grab’s GrabRentals fleet in Singapore, which has consistently recorded a high utilisation rate. Customized maintenance packages and incentives were also rolled out to support Grab driver-partners who are renting the Hyundai EVs. In Indonesia, Grab launched its GrabCar Elektrik fleet of Hyundai IONIQ vehicles at Jakarta’s Soekarno-Hatta airport.
Jun 22, 2021 at 13:18