Hyundai Motor Group and Grab Holdings Inc. today announced an expanded partnership of their ongoing strategic collaboration in mobility services.
The announcement is in conjunction with the technology company’s first annual Environment, Social and Governance (ESG) report which outlines the company’s commitment to create socioeconomic empowerment and safeguard the environment while delivering strong financial performance.
The partnership, now entering its fourth year, is intended to accelerate the adoption of electric vehicles (EVs) in the ASEAN region. New EV business models such as leasing EVs with battery-as-a-service model or car-as-a-service model and EV financing have been earmarked for pilot programs after feedback from Grab driver- and delivery-partners.
Grab and Hyundai will also conduct an in-depth feasibility study on the gaps and barriers to wider EV ownership and adoption, as well as develop a joint roadmap to make EVs a more viable option for on-demand mobility and delivery services. Both companies hope to provide governments and ecosystem partners with ideas and best practices on how EV policies can be shaped for best efficiencies.
The pilot programs will start this year, beginning in Singapore and expand to Indonesia and Vietnam.
Both Hyundai and Grab started the ball rolling via a fleet of 200 Hyundai Kona EV models to complement the original line-up of Ioniq EV in 2019. The technology company also partners with SP Group with expanding the network of DC and AC EV chargers.
Hyundai has also selected Singapore as its latest Innovation Centre which will act as a testbed for intelligent manufacturing of small-scale EVs and other associated smart mobility projects. The project broke ground in October 2020, with construction to complete by end of 2022.
In Indonesia, Grab is assisting the government with an EV ecosystem roadmap to reach 20% penetration of transportation being electric by 2025. Grab also launched its GrabCar Elektrik fleet of Hyundai Ioniq vehicles at Jakarta’s Soekarno-Hatta airport.