June 23, 2023
1 min read

Hyundai to take fresh crack at Japanese Market

Hyundai Motor signed a memorandum of understanding (MOU) with the Culture Convenience Club Co. (CCC) for partnerships in car-sharing mobility services…reports Asian Lite News

Hyundai Motor said on Thursday it has signed an initial pact with a Japanese culture content company to promote sales of zero-emission vehicles in the neighbouring country.

Hyundai Motor signed a memorandum of understanding (MOU) with the Culture Convenience Club Co. (CCC) for partnerships in car-sharing mobility services, data-based marketing and an EV experience platform in Japan, the company said.

“We expect the partnership between a mobility company and a content provider will generate new opportunities (in the Japanese market),” Hyundai Motor President and CEO Chang Jae-hoon said in a statement.

In the Mocean car-sharing services, Hyundai provides the all-electric IONIQ 5 equipped with Hyundai Motor Group’s dedicated EV platform named E-GMP and its charging facility at the large-scale bookstore Daikanyama T-Site Tsutaya, operated by CCC, reports Yonhap news agency.

Hyundai also plans to promote its battery electric vehicles through joint marketing projects with CCC and to give Japanese consumers opportunities to experience its zero-emission cars through the EV experience program.

In May last year, Hyundai re-entered the Japanese market 12 years after leaving Japan due to poor sales, as rising demand for all-electric vehicles offers new opportunities in the market dominated by Toyota Motor Corp.

Hyundai advanced into Japan in 2001 but pulled out of the neighboring market in 2009 after selling a mere 15,000 gasoline cars during its first foray.

Hyundai seeks to provide sustainable mobility to the market under the motto of Progress for Humanity. Japan is the market from which the company has to learn and into which the company has to explore, Chang said in February.

Hyundai has sold the Nexo hydrogen fuel-cell electric vehicle and the IONIQ 5 midsize crossover through an online-only sales platform, without dealerships.

The maker of Sonata sedans and Santa Fe SUVs plans to introduce two pure electric models by early next year — the Kona Electric this fall and the high-performance IONIQ 5 N model early next year.

ALSO READ: Hyundai inks pact to promote sales of zero-emission vehicles

Previous Story

Global Chess League all set to kick off in Dubai

Next Story

Mikdad Babhrawala honored as Trailblazer at Icons of Retail event

Latest from Asia News

Dhaka Celebrates 111 Years of Indian Cinema

Indian cinema, celebrating its 111th year in 2025, has a rich history, starting with the Lumiere brothers’ first film show in Mumbai…reports Asian Lite News An exhibition celebrating 111 years of Indian

Jaishankar at Raisina: UN Must Be Strong, Fair

The EAM termed sovereignty and territorial integrity the “bedrock of global rules…reports Asian Lite News External Affairs Minister S Jaishankar on Tuesday stressed the need for a global order similar to a

China Welcomes Modi’s ‘Positive Remarks’ on Ties

PM Modi emphasised that cooperation between India and China is essential for global stability and prosperity, advocating for healthy competition rather than conflict….reports Asian Lite News China on Monday said it “appreciates”
Go toTop

Don't Miss

Hyundai Champions ‘Mobility for All’ at Bharat Expo 2024

Since its inception in 1996, Hyundai Motor India has consistently

Hyundai inks pact to promote sales of zero-emission vehicles

Hyundai advanced into Japan in 2001 but pulled out of