On Wednesday Hyundai vice chairman Chung Eui-sun promised they would invest more in future cars.
A media report claims Hyundai is developing a one-seat electric car and an electric scooter. The report further states the automaker is looking into expanding in the smart mobility industry.
Smart mobility has been on the rise and it seems Hyundai wants a stake in the industry. Smart mobility is basically devising smarter ways to travel in vehicles. The report also claims the new plan is the next phase of the future mobility project IONIQ by Hyundai.
The IONIQ project was unveiled on Tuesday at the Geneva Auto Show. The introduction was carried out by the Hyundai heir apparent and vice chairman Chung Eui-sun.
Hyundai presented its vision for green cars and future of mobility. At the Swiss convention Chung Eui-sun also hinted they will proactively invest more in future car projects.
His company will extend the role and domain of a car to create ‘mobility freedom’ for people. The remarks were made by Eui-sun in a video clip aired during the presentation on Hyundai Motor’s line-up.
Hyundai held the event on the opening day of the 2016 Geneva International Auto Show. It is to be noted Eui-sun is also is in charge of the growth strategy of Hyundai Motor.
Hyundai also plans to boost sales of green cars in Europe this year, according to AutoBlog. In Europe the demand for eco-friendly vehicles has been growing rapidly.
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Thomas Schmid is the vice president of Hyundai Motor’s unit in Europe. According to Schmid, Hyundai will launch two Ioniq models in Europe by fall of 2016. One model will be a hybrid and the other an electric vehicle version.