|
|
|
|
Hyundai chief to drum up support for air mobility, robotics with Biden
|
|
|
|
| Top Stories |
 |
|
|
|
IANS | 20 May, 2022
Chung Eui-sun, the chief of South Korea's auto giant Hyundai Motor
Group, was expected to ask for Washington's support for the group's push
in burgeoning sectors that include urban air mobility (UAM) and
robotics in a meeting with US President Joe Biden in Seoul this weekend.
Biden arrived in South Korea on Friday for his first
summit with President Yoon Suk-yeol on a range of issues, including
North Korea's nuclear programme and supply chain risks.
According
to industry sources, Biden will meet with Chung on Sunday to thank him
for Hyundai's more than $7 billion investment in the state of Georgia,
which is expected to be announced by the state's governor, reports
Yonhap news agency.
The two were expected to talk about Hyundai's
future industry businesses related to smart mobility, including
electric vehicles, UAM, robotics and autonomous vehicles. UAM is a key
future innovation business that can help overcome urban challenges, like
traffic congestion, by connecting the sky and the ground.
Chung
has previously laid out a vision in which automobiles will account for
50 per cent of its business, and UAM and robotics take up 30 per cent
and 20 per cent, respectively.
Hyundai Motor Group, which has
Hyundai Motor and Kia as major affiliates, has announced a broad plan to
invest $7.4 billion in its US plants and markets by 2025.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
|
|
| Daily Poll |
 |
 |
| PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
