Hyundai Motor Group Executive Chair Chung Euisun is following in the footsteps of the automaker’s legendary late founder, Chung Ju-yung, in the Middle East, demonstrating the group’s strong willingness to widen its partnership with Saudi Arabia in key industrial areas encompassing auto manufacturing, eco-friendly energy and power line construction, the company said Tuesday.
Hyundai Motor and Kia set an annual sales target of 550,000 vehicles in the Middle East by 2030 by gradually introducing more electric vehicles and stepping up more specialized market activities there, the automakers said Friday.
Hyundai Motor Group is facing growing risks of falling sales in the Middle East as the ongoing military conflict between Israel and Hamas will likely continue for the time being, industry officials said Tuesday. Operations at the group s regional research and development (R&D) center in Israel also appear to have ground to a virtual halt.
Hyundai Motor Group Executive Chair Chung Euisun (left) talks with South Korean Prime Minister Han Duck-soo on Monday at a banquet in Paris, the night before a symposium on Tuesday to promote Busan's bid to host the 2030 World Expo. The South Korean delegation was led by Han, while Hyundai Motor provided 10 electric vehicles wrapped in designs promoting Busan's Expo bid for the Korean delegation this week. .
A Korean delegation of business leaders, senior government officials and K-pop artists met with state representatives from around the world at a symposium promoting Busan s bid to host the World Expo 2030, according to the Korea Chamber of Commerce and Industry .