Chairman Jeong Eui-sun: "No Direct Battery Production, Planning EV Manufacturing in the US"

Hyundai Motor Group Chairman Chung Eui-sun is giving a greeting speech at the Youth Hope ON meeting held on the morning of the 22nd at Hyundai Motorstudio Goyang in Goyang-si, Gyeonggi-do. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Changhwan Lee] Chung Euisun, Chairman of Hyundai Motor Group, stated that there are no plans to directly produce automotive batteries. He mentioned that electric vehicle production at the U.S. factory is planned, but the timing is still under consideration.

On the 22nd, Chairman Chung made these remarks during a meeting with reporters at 'Hyundai Motorstudio' located in Goyang-si, Gyeonggi-do. On the same day, he met with Prime Minister Kim Boo-kyum to sign a partnership for the 'Youth Hope On Project' and pledged to expand youth employment.

Regarding questions about battery internalization, he said, "We may conduct research together with battery companies, but I believe production will be handled by the battery manufacturers themselves, not directly by us."

He forecasted that the proportion of electric vehicles will steadily increase going forward.

Chairman Chung explained, "Electric vehicles will continue to progress until 2040, and their portion will increase. Things are proceeding as planned." Regarding electric vehicle production at the U.S. factory next year, he said, "It will not start from next year, but it is planned, and we are currently reviewing the timing."

Meanwhile, Hyundai Motor Group announced on the same day that it plans to directly hire about 30,000 people over the next three years.

They will significantly expand new hires in core future businesses such as robotics, Advanced Air Mobility (AAM), hydrogen energy, and autonomous driving. They will also support the creation of about 16,000 jobs through talent development and startup support programs.

Through talent development programs including 3,400 group company internships, 5,600 technology specialists via industry-academia cooperation such as research scholarships, contract departments, and memorandums of understanding (MOUs) with specialized high schools, a total of 15,000 employment opportunities will be supported over three years.

Chairman Chung emphasized, "As a company, it is our duty to prosper our business to create more jobs and to ensure that young people can demonstrate their talents in those jobs."

He added, "Since we are starting many new businesses, we will strive to have more young people participate in those areas and for schools and industry to cooperate so that individuals can immediately showcase their skills at the company."

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