Potential offtaker

Hyundai Motor Company

www.hyundai-motor.com

Estimated electricity consumption

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Countries of production presence

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Hyundai Motor Company is a South Korean multinational automotive manufacturer that was founded in 1967. The company is headquartered in Seoul, South Korea, and is a subsidiary of the Hyundai Motor Group, which also includes Kia Motors. Hyundai Motor Company is one of the largest automobile manufacturers in the world, with a presence in over 200 countries and regions.

Hyundai Motor Company is committed to decarbonisation and reducing its carbon footprint. The company has set a target to reduce its carbon emissions by 50% by 2030, compared to 2014 levels. To achieve this goal, the company is investing in renewable energy and energy-efficient technologies. Hyundai Motor Company is also working to improve the fuel efficiency of its vehicles and to develop alternative fuel vehicles, such as electric and hydrogen fuel cell vehicles.

Corporate energy is an important focus for Hyundai Motor Company. The company is committed to reducing its energy consumption and increasing its use of renewable energy. Hyundai Motor Company has implemented a number of energy-saving measures, such as upgrading its lighting systems and HVAC systems, and using energy-efficient equipment. The company has also installed solar panels at its manufacturing facilities and offices, which generate renewable energy and reduce the company's reliance on fossil fuels.

Hyundai Motor Company has also entered into corporate power purchase agreements (PPAs) to purchase renewable energy. Corporate PPAs are contracts between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of renewable energy at a fixed price for a set period of time. Hyundai Motor Company has signed PPAs to purchase renewable energy from wind and solar power projects in South Korea and the United States.

Renewable energy is an important part of Hyundai Motor Company's sustainability strategy. The company is committed to increasing its use of renewable energy and reducing its reliance on fossil fuels. Hyundai Motor Company has set a target to increase its use of renewable energy to 20% by 2025. To achieve this goal, the company is investing in renewable energy projects and implementing energy-saving measures.

Hyundai Motor Company is also developing electric and hydrogen fuel cell vehicles as part of its commitment to decarbonisation. The company's electric vehicle lineup includes the Kona Electric, Ioniq Electric, and NEXO Fuel Cell. The Kona Electric has a range of up to 258 miles on a single charge, while the NEXO Fuel Cell has a range of up to 380 miles on a single tank of hydrogen. Hyundai Motor Company is also developing a range of hybrid vehicles, which combine electric and gasoline power to improve fuel efficiency and reduce emissions.

In addition to its focus on sustainability, Hyundai Motor Company is also committed to innovation and technology. The company has invested heavily in research and development, and has established a number of research centers around the world. Hyundai Motor Company is also working on developing autonomous driving technology and connected car technology, which will enable vehicles to communicate with each other and with infrastructure.

Hyundai Motor Company has a strong presence in the global automotive market, with a wide range of vehicles that appeal to different segments of the market. The company's lineup includes compact cars, sedans, SUVs, and commercial vehicles. Hyundai Motor Company is also known for its high-quality vehicles and excellent customer service.

In conclusion, Hyundai Motor Company is a leading automotive manufacturer that is committed to sustainability, innovation, and technology. The company is focused on decarbonisation and reducing its carbon footprint, and is investing in renewable energy and energy-efficient technologies. Hyundai Motor Company is also developing electric and hydrogen fuel cell vehicles, and is working on autonomous driving and connected car technology. With its strong presence in the global automotive market and its commitment to sustainability and innovation, Hyundai Motor Company is well positioned for future growth and success.