All about Hyundai

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Feb 29, 2024

On February 28, Hyundai Motor India Limited (HMIL) announced that it currently fulfills 64% of its energy requirements using renewable sources, and aims to reach the 100% mark, to achieve the RE100 benchmark by 2025. It is prepared to invest over INR 320 billion in the next 10 years since 2023, for the expansion of car and SUV platforms including EV range and charging infrastructure.
Hyundai is strategically purchasing green power from the Indian Energy Exchange (IEX) to increase its RE portfolio by 64% and has conserved energy equivalent to ~19,200 tonnes of oil equivalent (TOE) through key energy management projects till now. It has achieved 80% water neutrality by utilizing recycled RO water and rainwater from harvesting ponds with a capacity of 350,000 tonnes and further reduced hazardous waste by 19.4% and non-hazardous waste by 14.3% over the past five years.

Based on Hyundai Motor India's press release


Feb 29, 2024

On February 27, it was announced that the Caoa Group will cease to be the importer of Hyundai vehicles, ending an alliance that lasted nearly 25 years.

On March 6, the Korean brand will release an official announcement providing further details about this new stage, in which they will have more freedom to import their vehicles to Brazil.

"Hyundai Motor Brasil Montadora de Automóveis and CAOA Montadora de Veículos confirm that they are jointly developing a new model for the distribution of Hyundai vehicles in Brazil based on a single channel. At the moment, we cannot provide details, but there will soon be comprehensive and clear communication about the advantages of this new distribution model," stated Hyundai Motor Brasil."

(Multiple sources on February 27, 2024)

Feb 28, 2024

On February 26, Hyundai Motor’s president and global COO José Muñoz announced that the official start of production at Hyundai Motor Group Metaplant America (HMGMA) has been moved up to the fourth quarter of 2024 with the grand opening celebration targeted for the first quarter of 2025. 

To mark the news, Georgia Governor Kemp officially designated February 26 as Hyundai Day.

It was previously announced that production would begin in the first quarter of 2025. 

Hyundai Motor Group is investing USD 7.59 billion to develop HMGMA, which will create 8,500 direct jobs. 

Additionally, Hyundai and SK On are building a USD 5 billion EV battery cell plant in Bartow County, Georgia that will employ 3,500 workers. 

Hyundai plans to deploy its XCIENT Fuel Cell Truck for supply runs between HMGMA and its suppliers.

(Hyundai press release on February 26, 2024)