Hyundai Kia Motors Signs MOU with Ministry of Environment and Logistics Companies to Expand Electric Cargo Vehicle Deployment

[Asia Economy Reporter Suyeon Woo] Hyundai Kia Motors has joined hands with the government and logistics companies to expand the supply of eco-friendly electric cargo vehicles.

On the 24th, Hyundai Kia Motors signed a 'Memorandum of Understanding (MOU) for Expanding the Supply of Electric Cargo Vehicles' hosted by the Ministry of Environment at the Seoul Southeast Logistics Complex located in Songpa-gu, Seoul.

The MOU signing ceremony, which focused on strengthening mutual cooperation to expand the supply of electric cargo vehicles, was attended by key figures including Minister of Environment Cho Myung-rae, Hyundai Kia Motors President Gong Young-woon, Hyundai Glovis CEO Kim Jung-hoon, CJ Logistics CEO Park Geun-hee, Lotte Global Logistics CEO Park Chan-bok, Hanjin Co., Ltd. CEO Noh Sam-seok, and DHL Korea CEO Han Byung-gu, representing the government, automobile manufacturers, and logistics companies.

Hyundai Motor Company's electric cargo truck Porter II Electric

This strengthened cooperation includes the Ministry of Environment providing subsidies and supporting the establishment of charging infrastructure to expand the supply of electric cargo vehicles, Hyundai Kia Motors expanding the supply and timely delivery of electric cargo vehicles, and logistics companies switching their cargo vehicle purchases to electric vehicles.

Through this MOU, the Ministry of Environment expects that electric cargo vehicles will significantly contribute to environmental improvement by reducing air pollutants such as carbon dioxide (CO2), fine dust (PM), nitrogen oxides (NOx), and greenhouse gas emissions compared to internal combustion engine vehicles. To this end, the Ministry plans to actively support subsidies and the establishment of charging infrastructure to expand the supply of electric cargo vehicles.

Hyundai and Kia, which produce and sell small electric cargo vehicles 'Porter II Electric' and 'Bongo III EV,' have decided to accelerate not only the supply of eco-friendly vehicles but also the revitalization of the domestic economy, which has been sluggish due to COVID-19, through cooperation with the government and major domestic logistics companies.

A Hyundai Kia Motors official said, "We will develop various electric cargo vehicle derivative models such as box trucks and expand production so that eco-friendly electric cargo vehicles can be utilized in all aspects of people's daily lives."

This content was produced with the assistance of AI translation services.