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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hyundai Motor Company    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

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Hyundai Motor : vision for emission-free mobility at GREENTECH FESTIVAL 2020

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09/18/2020 | 12:49pm EDT

Hyundai Motor highlighted its vision for zero-emission mobility solutions at GREENTECH FESTIVAL 2020, which took place from 16-18 of September

During Switch Green, Swiss pioneer and Hyundai brand ambassador Bertrand Piccard outlined the importance of sustainable ecological cases that provide economic advantages for businesses

In addition, Andreas-Christoph Hofmann, Vice President Marketing and Product at Hyundai Motor Europe, presented insights about its upcoming dedicated EV brand, IONIQ, during a panel discussion on the subject of mobility innovation

Mark Freymuller, CEO of Hyundai Hydrogen Mobility, participated in a deep dive discussion about the company's Fuel Cell truck business case for future mobility and energy solutions

18 September 2020 - Hyundai Motor presented its vision for emission-free mobility solutions at GREENTECH FESTIVAL 2020, which took place this week.

Through various deep dive discussions, the company highlighted its innovations and investments in sustainable automotive solutions, as well as offering insights into its new dedicated IONIQ line-up brand.

GREENTECH FESTIVAL 2020 took place as a hybrid digital-live format this year. In addition to a physical exhibition and live activities such as Switch Green, online formats ensured the digital participation of people not present on-site at the event in Berlin.

Speakers from Hyundai at GREENTECH FESTIVAL included Bertrand Piccard, Swiss pioneer and Hyundai brand ambassador; Andreas-Christoph Hofmann, Vice President Marketing and Product at Hyundai Motor Europe; and Mark Freymuller, CEO of Hyundai Hydrogen Mobility. During their appearances at the event, they outlined the company's approach to zero-emission mobility. In addition, Hyundai exhibited its EV Concept 45, which personifies the brand's smart mobility vision and illustrates the design direction of the upcoming IONIQ 5.

Hyundai's participation in this year's GREENTECH FESTIVAL has allowed us to showcase our innovations and investments that bridge the gap between economy and ecology, while also reaching a broader and interactive audience beyond the traditional automotive sector. Through a series of discussions we have highlighted the steps we are taking as a company to provide sustainable solutions for customers, further demonstrating that Hyundai is a leader of zero-emission mobility.

Andreas-Christoph Hofmann

Vice President Marketing and Product at Hyundai Motor Europe

Switch Green: environmental solutions that are economically viable

Hyundai's participation at GREENTECH FESTIVAL 2020 began on Wednesday September 16th, with Bertrand Piccard's appearance at Switch Green, an exclusive format where the world's most inspiring thought leaders presented their solutions for the planet.

As the co-founder and initiator of the Solar Impulse Foundation, Piccard drives innovation by developing economically-viable business solutions that can solve environmental problems. Like Hyundai, many of the organization's environmentally-friendly business cases are exploring the role hydrogen will play in the energy revolution.

During Switch Green, Piccard outlined his belief that sustainable ecological solutions also provide economic advantages for businesses: 'I am convinced that implementing clean and efficient technologies has become the only way to fulfill economic growth.'

Andreas-Christoph Hofmann - Vice President Marketing and Product, Hyundai Motor Europe

Panel discussion: mobility innovation

On Thursday 17 September, Andreas-Christoph Hofmann participated in a panel discussion on the subject of mobility innovation. He presented insights about Hyundai's zero-emission mobility roadmap and discussed the company's upcoming IONIQ EV line-up brand.

During this session, Hofmann discussed how Hyundai is investing in fuel cell technology and start-ups to deliver green solutions which extend beyond cars, such as the maritime or logistics sectors, as well as those which have the potential to provide clean energy for households.

Hofmann also introduced Hyundai's new dedicated EV brand IONIQ. He explained how this will allow the company to implement an entire ecosystem to make eco-mobility as convenient as possible for customers in the future. The brand will play a vital role in accelerating Hyundai's plan to lead the global EV market. Starting in early 2021, the company will introduce three innovative models, encompassing a CUV, a sedan and an SUV. The 1st launch from the line will be the IONIQ 5 for which the company will soon start a pre-order campaign.

Mark Freymuller - CEO, Hyundai Hydrogen Mobility

Deep dive discussion: Hyundai's business case for future mobility and energy solutions

Hyundai also took part in a deep dive discussion on 17 September featuring Mark Freymuller, who presented the company's Swiss business case for future mobility and energy solutions. Hyundai Hydrogen Mobility is a joint venture between Hyundai Motor Company and H2Energy. Through this partnership, Hyundai is promoting a green hydrogen ecosystem by putting fuel cell vehicles on the road in the form of its heavy-duty Hyundai H2 XCIENT Fuel Cell electric trucks.

During his appearance at GREENTECH FESTIVAL, Freymuller explained how Hyundai's commitment to providing eco-friendly commercial vehicles as well as working with its partners for the development of infrastructure offers proof of the company's holistic approach to clean mobility. In addition, it demonstrates both the economic and ecologic viability of commercial fuel cell truck mobility, solving the chicken-egg dilemma.

Nico Rosberg - Formula 1 Champion & Co-founder GREENTECH festival

About GREENTECH FESTIVAL

GREENTECH FESTIVAL is a pioneering festival co-founded by the 2015 Formula 1 champion Nico Rosberg. Across three days at Kraftwerk Berlin, acclaimed thought leaders, pioneers and top exhibitors from across the world present their visions for the future through a series of keynotes, panel talks and workshops.

(C) 2020 Electronic News Publishing, source ENP Newswire


Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI HCN CO.,LTD. -0.93% 3185 End-of-day quote.-6.60%
HYUNDAI MOTOR COMPANY 0.58% 172500 End-of-day quote.43.15%
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Financials
Sales 2020 104 240 B 92,4 B 92,4 B
Net income 2020 1 907 B 1,69 B 1,69 B
Net Debt 2020 64 689 B 57,3 B 57,3 B
P/E ratio 2020 22,4x
Yield 2020 2,21%
Capitalization 36 409 B 32 263 M 32 258 M
EV / Sales 2020 350x
EV / Sales 2021 316x
Nbr of Employees -
Free-Float 71,0%
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Number of Analysts 27
Average target price 217 259,26 KRW
Last Close Price 172 500,00 KRW
Spread / Highest target 44,9%
Spread / Average Target 25,9%
Spread / Lowest Target -18,8%
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NameTitle
Mong-Koo Chung Co-Chief Executive Officer & Honorary Chairman
Won-Hui Lee Co-President, Co-CEO & Director
Eui-Sun Chung Chairman
Josť Munoz Global Chief Operating Officer
Byeong-Cheol Choi Chief Financial Officer
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