Change language:
The Association signed at the Namyang Research and Development Center in Hyundai in Heong, Gyeonggi province, Herald said.
Companies will be associated with obtaining better hydrogen fuel tanks and electric vehicle batteries covers, which are essential for the competitiveness of mobility solutions.
They will collaborate to ensure that the products of the automakers adhere to global environmental standards.
Hyundai and Kia have taken measures to comply with the regulations of the European Union on the elimination of vehicles, which emphasize the recycling of retirement cars and the control very well of the environmental control that can defend the elimination, the media reported.
Kolon SpaceWorks, a subsidiary of Kolon Group, recently received foreign certification for his 54 -liter hydrogen deposit, which is an essential progression for the products of higher pressure containers in the company.
Your download email will arrive shortly
This certification allows Kolon Spaceworks to sell its products globally.
Hyundai Motor and Kia acquire 1,094,571 new moves at Kolon SpaceWorks. Hyundai will invest Won12bn, while Kia invests Won8bn to buy 437,821 shares, Business Korea said.
In this year, Hyundai Motor plans to invest Won24.3tn in domestic initiatives, with half directed towards electrification, hybrid systems, and hydrogen products and technologies.
Kolon Group Vice President Lee Kyu-ho, quoted via Business Korea as saying, “I hope that the Drapery generation mix of Kolon and Hyundai Motor Co. and Kiaarray’s wise mobility capabilities that lead the global automotive industry will serve as the option to enhance the global competitiveness of the domestic industry.
See all Globaldata Media Network bulletins.