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AUTOMOTIVE & TRANSPORTATION | Automobile Manufacturing
worldwide.hyundai.com

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Investments

68

Portfolio Exits

8

Partners & Customers

10

About Hyundai Motor Company

Hyundai Motor Company (KRX: 005380) is a South Korean vehicle manufacturer founded in 1967. The company offers a full line of vehicles including small to large passenger vehicles, SUVs, and commercial vehicles. Hyundai Motor Company has seven manufacturing bases outside of South Korea including Brazil, China, the Czech Republic, India, Russia, Turkey, and the United States.

Hyundai Motor Company Headquarter Location

231, Yangjae-Dong Seocho-Gu

Seoul, 137-938,

South Korea

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Latest Hyundai Motor Company News

Hyundai Motor Group to invest 6 trillion won in Georgia to build electric car factory

May 20, 2022

May 20, 2022 On the 21st, Hyundai Motor Group officially announced plans to build a new plant to produce electric vehicles in Georgia, USA. Hyundai Motor Company’s large electric SUV concept car ‘Seven’ expected to be produced at this plant. Hyundai Motor Group will invest 6.3 trillion won in Georgia to build a plant dedicated to electric vehicles and a battery cell plant with an annual capacity of 300,000 units. The electric car plant is set to start construction in the second half of this year (July to December) and to operate in the first half of 2025 (January to June). Hyundai Motor Group announced on the 21st that it had signed an ‘Electric Vehicle-exclusive Plant Investment Agreement’ with the Georgia State Government on the 20th (local time). The signing ceremony was attended by Jae-hoon Jang, president of Hyundai Motor Company, and Brian Kemp, Governor of Georgia. Hyundai Motor Group Chairman Chung Eui-sun said in a video, “As the first smart factory in the United States, it will play an important role as a bridgehead to achieve the vision of future mobility.” The plant will be built in Bryan County near Savannah in southeastern Georgia. It is about 400 km away from the Kia Georgia plant. This investment decision is to respond to the growing demand for electric vehicles in the United States, the world’s largest automobile market. In addition, there is a background that has no choice but to follow the ‘By America’ policy that benefits products produced in the United States. This is an executive order that requires that parts produced in the United States exceed 75% by 2029 to be recognized as made in the United States. US President Joe Biden, who is visiting Korea, is expected to meet Chairman Chung before leaving for Japan on the 22nd to express his gratitude for the investment announcement. On the 21st, Hyundai Motor Group officially announced plans to build a new plant to produce electric vehicles in Georgia, USA. Concept car image of Kia’s large electric SUV EV9 expected to be produced at this plant Hyundai Motor Group is explaining the investment to foreign media such as the US at $5.54 billion. The average exchange rate estimate during the investment period was applied to 6.3 trillion won in won. In May of last year, Hyundai Motor Group announced an investment plan in the US worth US$7.4 billion (current exchange rate of KRW 9.37 trillion). In April of this year, they decided to build the Genesis GV70 electric vehicle model production line at the Alabama plant in the US at a cost of 300 million dollars, and they are implementing the promised investment one after another. The new electric car plant is Hyundai’s third US plant. It is also the first factory dedicated to electric vehicles to be built overseas. At the new plant, Hyundai and Kia vehicles are expected to be produced flexibly in line with market demand. Electric vehicles of large sports utility vehicles (SUVs) such as Hyundai Motor’s Ioniq 7 and Kia EV9 aimed at the US market are being discussed as production models. Hyundai Motor Group will build a smart factory that applies a low-carbon process for carbon-neutral practice and factory operation based on artificial intelligence demonstrated at the ‘Singapore Global Innovation Center’. The location of a new electric vehicle-only plant in Georgia, USA, officially announced on the 21st by Hyundai Motor Group (red circle). Hyundai Motor Group also announced plans to build a battery cell plant. However, the target of the collaboration was not disclosed. Hyundai Motor Group said, “We plan to procure battery cells optimized for each vehicle locally.” It is analyzed that there is a high possibility of joint ventures with domestic companies such as LG Energy Solutions and SK On, which are building their own factories or joint factories with automakers in the United States. Hyundai Motor Group is aiming to achieve 840,000 electric vehicle sales in the US market by 2030 using its electric vehicle plant as a stepping stone. Hyundai Motor Group has a goal of selling 3.23 million electric vehicles in domestic (1.44 million) and overseas markets by 2030. Following the operation of Hyundai Motor’s manufacturing plant in Alabama in 2005, Hyundai Motor Group has been increasing its sales in the US market with the Kia Georgia plant, which was completed in 2010, at the fore. The new electric vehicle plant is expected to play a role in expanding Hyundai Motor Group’s sales volume in the US market, which is shifting towards eco-friendly vehicles. President Biden is pushing for a policy to fill half of all new cars sold in the U.S. with eco-friendly vehicles, such as electric vehicles, by 2030. In the automobile industry, not only American automakers such as GM and Ford, but also overseas companies such as German Volkswagen have strengthened their local production in the US, so Hyundai Motor Company’s investment decision is essential. Hyundai Motor Group predicts that it will avoid tariff barriers through local factories and at the same time increase customer satisfaction by creating an image of a locally produced vehicle. In addition, if the production of electric vehicles in the US market increases, it is expected that domestic parts makers working with Hyundai Motor Group will advance into the US and have a positive effect on the export of new parts. like imagelike angry imagesare you mad Article Featured ImageArticle recommendation *The article has been translated based on the content of 동아닷컴 : 동아일보 전체 뉴스 by www.donga.com . If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much! *We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language. *We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards! Report Content

Hyundai Motor Company Investments

68 Investments

Hyundai Motor Company has made 68 investments. Their latest investment was in H2 MOBILITY as part of their Unattributed on March 3, 2022.

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Hyundai Motor Company Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/29/2022

Unattributed

H2 MOBILITY

$122.24M

No

3

12/28/2021

Series B

S.Lab

$12.63M

Yes

2

11/29/2021

Series B

CHABOT Mobility

$6.77M

Yes

2

11/14/2021

Series B

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$99M

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10

11/2/2021

Series A - III

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$99M

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10

Date

3/29/2022

12/28/2021

11/29/2021

11/14/2021

11/2/2021

Round

Unattributed

Series B

Series B

Series B

Series A - III

Company

H2 MOBILITY

S.Lab

CHABOT Mobility

Subscribe to see more

Subscribe to see more

Amount

$122.24M

$12.63M

$6.77M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

2

2

10

10

Hyundai Motor Company Portfolio Exits

8 Portfolio Exits

Hyundai Motor Company has 8 portfolio exits. Their latest portfolio exit was SoundHound on April 28, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/28/2022

Reverse Merger

$99M

8

2/4/2022

Reverse Merger

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$99M

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10

1/20/2022

Acquired

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10

1/20/2022

IPO

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10

12/2/2021

Reverse Merger

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$99M

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10

Date

4/28/2022

2/4/2022

1/20/2022

1/20/2022

12/2/2021

Exit

Reverse Merger

Reverse Merger

Acquired

IPO

Reverse Merger

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

8

10

10

10

10

Hyundai Motor Company Acquisitions

2 Acquisitions

Hyundai Motor Company acquired 2 companies. Their latest acquisition was Boston Dynamics on December 09, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/9/2020

Debt

$99M

$69M

Corporate Majority

46

7/16/2017

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$99M

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10

Date

12/9/2020

7/16/2017

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

Total Funding

$69M

Note

Corporate Majority

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Sources

46

10

Hyundai Motor Company Partners & Customers

10 Partners and customers

Hyundai Motor Company has 10 strategic partners and customers. Hyundai Motor Company recently partnered with NowRX on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/12/2022

Partner

United States

NowRx and Hyundai Motor Group Partner to Collaborate on Last-Mile Medication Delivery

MOUNTAIN VIEW , Calif. & SEOUL , South Korea -- -- NowRx , a tech-powered pharmacy that provides same-day prescription delivery and telehealth services , and Hyundai Motor Group , global scale mobility provider including Hyundai Motor Company and Kia Corporation , today announced signing of an agreement for a pilot project to explore the use of new solutions in the delivery of prescription medications .

2

5/6/2022

Vendor

South Korea

SK on, LGES become responsible for Hyundai Motor Group’s next EV series2022.05.06 10:26

LG Energy Solution Ltd. , maintaining partnership with Hyundai Motor Group for several years , is responsible for budget EV brand KONA and new Niro EV model .

1

5/2/2022

Partner

Peru

Porsche, Audi to F1, Bentley's bigger bet, Hyundai and Rimac hit pause - Hagerty Media

Hyundai 's partnership with Rimac had already begun to bear fruit , pandemic aside : In September of 2020 , we saw the RM20e , an 810-hp electric hatchback with an 800V motor mounted amidships .

1

4/27/2022

Partner

United States

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10

4/19/2022

Partner

United States

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10

Date

5/12/2022

5/6/2022

5/2/2022

4/27/2022

4/19/2022

Type

Partner

Vendor

Partner

Partner

Partner

Business Partner

Country

United States

South Korea

Peru

United States

United States

News Snippet

NowRx and Hyundai Motor Group Partner to Collaborate on Last-Mile Medication Delivery

MOUNTAIN VIEW , Calif. & SEOUL , South Korea -- -- NowRx , a tech-powered pharmacy that provides same-day prescription delivery and telehealth services , and Hyundai Motor Group , global scale mobility provider including Hyundai Motor Company and Kia Corporation , today announced signing of an agreement for a pilot project to explore the use of new solutions in the delivery of prescription medications .

SK on, LGES become responsible for Hyundai Motor Group’s next EV series2022.05.06 10:26

LG Energy Solution Ltd. , maintaining partnership with Hyundai Motor Group for several years , is responsible for budget EV brand KONA and new Niro EV model .

Porsche, Audi to F1, Bentley's bigger bet, Hyundai and Rimac hit pause - Hagerty Media

Hyundai 's partnership with Rimac had already begun to bear fruit , pandemic aside : In September of 2020 , we saw the RM20e , an 810-hp electric hatchback with an 800V motor mounted amidships .

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Sources

2

1

1

10

10

Hyundai Motor Company Team

3 Team Members

Hyundai Motor Company has 3 team members, including current President, Chang Song.

Name

Work History

Title

Status

Chang Song

President

Current

Eugene O'Reilly, Jr.

Managing Director

Former

Aage Ramsgaard

Teknos, and Alfa Laval

Managing Director

Former

Name

Chang Song

Eugene O'Reilly, Jr.

Aage Ramsgaard

Work History

Teknos, and Alfa Laval

Title

President

Managing Director

Managing Director

Status

Current

Former

Former

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