Hyundai Motor Co., South Korea’s largest carmaker by sales, will transform itself into a smart mobility solutions provider, a top executive said Friday, in an ambitious plan to stay ahead of global competition in the auto industry. Chung Eui-sun, vice chairman at Hyundai Motor, said hybrid vehicles, electric vehicles, fuel cell vehicles and connected vehicles will be the four pillars of future mobility.
“The fourth Industrial revolution is upon us and… we should embrace this change. [It is a] change that will move us away from personal mobility to smart and shared mobility,” Chung said at the Move Summit, according to a live blog of India’s first global mobility summit posted at the website of the Financial Express, an Indian newspaper. The global auto industry has been going through disruptive innovations in recent years, such as self-driving technology and booming car sharing businesses.—APP