Hyundai Motor Group executive chair Euisun Chung met Brazilian president Luiz Inácio Lula da Silva to discuss comprehensive cooperation plans in Brazil, the company announced on 22 February. Executive chair Chung introduced various initiatives at Hyundai Motor’s Brazilian plant for employees and the surrounding communities.
President Lula says “A stable country with a future receives more investment. Hyundai Motor Group plans to invest more than 1.1 billion dollars by 2032 in technology and green hydrogen. Another great company growing in our country.”
The group aims to not only focus on car sales but also grow together with Brazil by prioritizing workers’ happiness and social contributions to local communities, the company stated. The group hopes to contribute to the hydrogen and mobility sectors in Brazil and explore cooperation plans in future aviation mobility and small modular reactors. The group to promote the development of locally tailored eco-friendly vehicles and establish a new organization for hydrogen projects in Central and South America.
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Describe more in press release
Press release https://shorturl.at/dMY13
