{"id":2521,"date":"2020-01-15T13:14:26","date_gmt":"2020-01-15T21:14:26","guid":{"rendered":"https:\/\/evhnews.com\/?p=2521"},"modified":"2020-01-17T13:16:42","modified_gmt":"2020-01-17T21:16:42","slug":"hyundai-and-kia-make-strategic-investment-in-arrival-to-co-develop-electric-commercial-vehicles","status":"publish","type":"post","link":"https:\/\/evhnews.com\/es\/2020\/01\/15\/hyundai-and-kia-make-strategic-investment-in-arrival-to-co-develop-electric-commercial-vehicles\/","title":{"rendered":"Hyundai And Kia Make Strategic Investment in arrival to Co-Develop Electric Commercial Vehicles"},"content":{"rendered":"<p style=\"text-align: center;\"><span style=\"font-size: small;\"><em>Image Credit: Hyundai<\/em><\/span><\/p>\n<p><strong>Hyundai And Kia Make Strategic Investment in arrival to Co-Develop Electric Commercial Vehicles\u00a0<\/strong><\/p>\n<ul>\n<li>Agreement accelerates Hyundai and Kia\u2019s clean-mobility transformation<\/li>\n<li>\u20ac100 million investment enables co-development of eco-friendly vans and other products for logistics, on-demand ride-hailing, and shuttle service companies<\/li>\n<li>Partnership takes advantage of Arrival\u2019s scalable \u2018skateboard\u2019 platform technology to underpin future Purpose Built Vehicles (PBV) from Hyundai and Kia<\/li>\n<li>Arrival has developed in-house software, materials, components and other technologies for development of Generation 2.0 electric vehicles<\/li>\n<li>Boosts Hyundai-Kia strategy for deployment of electrified commercial vehicles<\/li>\n<\/ul>\n<p><strong><br \/>\n<\/strong>Hyundai Motor Company and Kia Motors Corporation today announced a strategic investment of \u20ac100 million (US $110 million) in a new partnership with Arrival, a UK-based electric vehicle startup.<\/p>\n<p style=\"text-align: center;\"><img fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"2523\" data-permalink=\"https:\/\/evhnews.com\/es\/2020\/01\/15\/hyundai-and-kia-make-strategic-investment-in-arrival-to-co-develop-electric-commercial-vehicles\/hyundai-and-kia-make-strategic-investment-in-arrival-2\/\" data-orig-file=\"https:\/\/evhnews.com\/wp-content\/uploads\/2020\/01\/Hyundai-and-Kia-Make-Strategic-Investment-in-Arrival-2.png\" data-orig-size=\"800,558\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Hyundai and Kia Make Strategic Investment in Arrival-2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/evhnews.com\/wp-content\/uploads\/2020\/01\/Hyundai-and-Kia-Make-Strategic-Investment-in-Arrival-2.png\" class=\"alignnone size-full wp-image-2523\" src=\"https:\/\/evhnews.com\/wp-content\/uploads\/2020\/01\/Hyundai-and-Kia-Make-Strategic-Investment-in-Arrival-2.png\" alt=\"Hyundai and Kia Make Strategic Investment in Arrival-2\" width=\"800\" height=\"558\" srcset=\"https:\/\/evhnews.com\/wp-content\/uploads\/2020\/01\/Hyundai-and-Kia-Make-Strategic-Investment-in-Arrival-2.png 800w, https:\/\/evhnews.com\/wp-content\/uploads\/2020\/01\/Hyundai-and-Kia-Make-Strategic-Investment-in-Arrival-2-300x209.png 300w, https:\/\/evhnews.com\/wp-content\/uploads\/2020\/01\/Hyundai-and-Kia-Make-Strategic-Investment-in-Arrival-2-768x536.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: small;\"><em>Image Credit: Hyundai<\/em><\/span><\/p>\n<p>Through the partnership, Hyundai and Kia plan to introduce competitively priced small and medium-sized electric vans and other products for logistics and on-demand ride-hailing and shuttle service companies. Arrival\u2019s scalable electric platform can be adapted for multiple vehicle categories and types which Arrival, Hyundai and Kia will explore for development of a range of Purpose Built Vehicles (PBV).<\/p>\n<p>The partnership with Arrival will help Hyundai and Kia meet rapidly growing demand in Europe for eco-friendly commercial vehicles, and accelerate the brands\u2019 transformation from car makers to clean-mobility providers.<\/p>\n<p>Albert Biermann, President and Head of Research and Development Division for Hyundai Motor Group, and Denis Sverdlov, Chief Executive Officer of Arrival, signed a contract for investment and the joint development of electric vehicles at the headquarters of Hyundai and Kia in Seoul. Of the total investment, Hyundai will contribute \u20ac80 million; Kia \u20ac20 million.<\/p>\n<p>\u201cThe eco-friendly vehicle market in Europe is expected to grow rapidly due to the introduction of further environmental regulations,\u201d said Biermann. \u201cThrough the joint development of electric commercial vehicles with Arrival, we will be able to gain a competitive advantage and progressively establish our leadership in the global eco-friendly vehicle market, with Europe at the forefront.\u201d<\/p>\n<p><strong>Arrival\u2019s CEO Sverdlov added:<\/strong> \u201cArrival has created a game changing product category \u2013 Generation 2.0 electric vehicles. Hyundai and Kia have been making amazing vehicles with uncompromising quality and share our vision for an electric mobility future. Our Strategic Partnership with Hyundai and Kia means we will scale Generation 2 electric vehicles globally and importantly \u2013 in the very near future.\u201d<\/p>\n<p><strong>Hyundai and Kia to use Arrival\u2019s modular, scalable \u2018skateboard\u2019 EV platform<\/strong><\/p>\n<p>Founded in 2015, Arrival has production plants and R&amp;D centers in the US, Germany, Tel Aviv, Russia and the UK. The company\u2019s strength lies in its \u2018skateboard\u2019 vehicle platform with a modular component structure, a cost-effective base which incorporates a battery pack, electric motor and driveline components.<\/p>\n<p>Fully-scalable to accommodate multiple vehicle types, the platform can be used to accelerate vehicle development to meet diverse customer needs. Currently, Arrival is carrying out pilot projects with multiple logistics companies in Europe using cargo vans manufactured with the technology.<\/p>\n<p>With the rapid global growth in online shopping, the volume of light commercial vehicles in urban areas has increased. The demand for eco-friendly commercial vehicles is expected to continue growing as environmental regulations tighten. From 2021, the EU will introduce the world\u2019s most stringent vehicle emissions regulations, limiting each automaker\u2019s fleet-wide average CO<sub>2<\/sub> emissions by around 27%, from 130 g\/km to 95 g\/km.<\/p>\n<p>By working with Arrival, Hyundai and Kia plan to supply eco-friendly vans and other commercial vehicles \u2013 built in volume and based on Arrival\u2019s platform \u2013 to European logistics companies and mobility companies that provide on-demand ride-hailing and shuttle services.<\/p>\n<p><strong>PBVs to underpin growth in eco-friendly commercial vehicle sector<\/strong><\/p>\n<p>Hyundai and Kia recently announced the development of a fully-electric Purpose Built Vehicle (PBV). Hyundai presented its PBV concept as one of the smart mobility solutions at CES 2020 earlier this month. At its CEO Investor Day on January 14, Kia also announced its plan to develop a PBV for shared-service companies and logistics companies.<\/p>\n<p>Youngcho Chi, President and Chief Innovation Officer at Hyundai Motor Group said: \u201cThis investment is part of an open innovation strategy pursued by Hyundai and Kia. We will accelerate investment and cooperation with companies with advanced technology such as Arrival, to respond to the rapidly changing eco-friendly vehicle market.\u201d<\/p>\n<p>\u201cWe are excited to come out of stealth mode with our partnership with Hyundai and Kia, a globally respected OEM with brilliant products on the road, and our complementary expertise will allow us to rapidly transition to full scale global production. Accelerating electric vehicle adoption is good for everyone \u2013 for people, business and the planet and we are pleased to undertake this mission with our partners Hyundai and Kia\u201d, added Avinash Rugoobur, Chief Strategy Officer of Arrival.<\/p>\n<p>The partnership with Arrival enables Hyundai to accelerate its \u2018Two-track\u2019 strategy to deliver battery electric and hydrogen fuel cell solutions for the European commercial vehicle market. To further support that strategy, Hyundai recently established Hyundai Hydrogen Mobility (HHM), the joint venture between Hyundai and Swiss hydrogen energy company H<sub>2<\/sub> Energy. It aims to export 1,600 hydrogen fuel cell trucks to Europe by 2025, following the first export to Europe on January 3 as part of a pilot program.<\/p>\n<p>Under \u2018open innovation\u2019 spirit, Hyundai and Kia are exploring partnerships with various businesses to build a leadership position in the rapidly expanding global EV market. In May 2019, Hyundai and Kia invested KRW 100 billion (US $90 million) in Rimac, a Croatian high-performance electric vehicle company, focusing on collaborative research to secure capabilities to lead the global high-performance electric vehicle market. In September 2019, Hyundai and Kia also invested in IONITY, Europe\u2019s largest high-power electric vehicle charging network, and set the stage for sales expansion of EVs within Europe.<\/p>\n<p><img decoding=\"async\" data-attachment-id=\"1490\" data-permalink=\"https:\/\/evhnews.com\/es\/2019\/12\/18\/the-efficient-drivetrain-for-the-purely-electric-bmw-ix3\/evh-news-lighting-bolt-logo\/\" data-orig-file=\"https:\/\/evhnews.com\/wp-content\/uploads\/2019\/12\/EVH-News-Lighting-Bolt-Logo-.jpg\" data-orig-size=\"100,100\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1575197468&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"EVH News-Lighting-Bolt-Logo-\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/evhnews.com\/wp-content\/uploads\/2019\/12\/EVH-News-Lighting-Bolt-Logo-.jpg\" class=\"alignnone size-full wp-image-1490\" src=\"https:\/\/evhnews.com\/wp-content\/uploads\/2019\/12\/EVH-News-Lighting-Bolt-Logo-.jpg\" alt=\"EVH News-Lighting-Bolt-Logo-\" width=\"100\" height=\"100\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Image Credit: Hyundai Hyundai And Kia Make Strategic Investment in arrival to Co-Develop Electric Commercial&#8230;<\/p>","protected":false},"author":165558846,"featured_media":2522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"Hyundai And Kia Make Strategic Investment in arrival to Co-Develop Electric Commercial Vehicles 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