Bali. South Korean auto giant Hyundai Motor Group on Sunday revealed its plan to achieve net zero emissions throughout its entire value chains, including supply, production, logistics, and disposal and the possibility of using hydrogen as a future clean energy solution.
Speaking at a major business forum in Bali, Hyundai Motor Group Executive Chair Euisun Chung said the plan will also involve Hyundai’s sister company Kia Corporation.
Hyundai Motor and Kia will sell only electric vehicles with no carbon emissions by 2040 in major markets, starting with Europe in 2035.
“Now is the time for bold decisions. And now is the time for leadership,” Chung told the delegates of the B20 Investment Forum, which preceded the Group of 20 (G20) Summit on the resort island.
“We are pursuing a net-zero strategy across all our value chains, including the purchase of auto parts,…