Singapore’s Grab begins using Hyundai Motor’s Kona
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Hyundai Motor, Korea’s largest carmaker by sales, said Wednesday that Singapore-based Grab began using its Kona Electric for its ride-hailing service this month. In November, Hyundai Motor and its affiliate Kia Motors jointly invested $250 million in the Southeast Asian company for a business partnership in ride-hailing service markets, the carmaker said in a statement.
“The company is aiming to enter electric car markets in Southeast Asia through the partnership with Grab and gain a share of those markets,” the statement said.
Grab has initially purchased 20 Kona electric vehicles (EVs) from Hyundai for its service and plans to increase the number to 200 by the end of this year, Hyundai said.
The Kona EV can travel up to 400 kilometers (248.5 miles) per charge. The driver can charge the all-electric car to around 80 percent full in about 30 minutes, it said.
In partnership with Grab, Singapore Power has granted Kona EV drivers a 30 percent discount when powering the emission-free car at charging stations, the statement said.
This week, the Kona EV grabbed a coveted North American Car, Utility and Truck of the Year award at the Detroit auto show.
Questions & Answers
Q.What is the initial scale of Grab's adoption of the Hyundai Kona Electric for its ride-hailing service?
What is the initial scale of Grab's adoption of the Hyundai Kona Electric for its ride-hailing service?
Grab has initially purchased 20 Kona Electric vehicles from Hyundai for its service. The company plans to increase this number to 200 by the end of the current year, according to Hyundai's statement.
Q.What is the stated aim of Hyundai's partnership with Grab regarding electric vehicles?
What is the stated aim of Hyundai's partnership with Grab regarding electric vehicles?
Hyundai aims to enter the electric car markets across Southeast Asia through this partnership with Grab. The carmaker seeks to gain a significant share in these emerging markets with its electric vehicle offerings.
Q.What financial incentive is available to Kona EV drivers for charging their vehicles?
What financial incentive is available to Kona EV drivers for charging their vehicles?
In collaboration with Grab, Singapore Power is offering Kona EV drivers a 30 percent discount. This applies specifically when they are powering their emission-free cars at designated charging stations.
Q.What was the total investment made by Hyundai and Kia into Grab?
What was the total investment made by Hyundai and Kia into Grab?
Hyundai Motor and its affiliate Kia Motors jointly invested $250 million into the Southeast Asian company. This investment, made in November, was for a business partnership focused on ride-hailing service markets.
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