In September, Hyundai and GM agreed to jointly develop new vehicles and source raw materials for clean-energy cars in line with US efforts to ward off the rise of Chinese rivals amid an EV market slowdown, dubbed the “EV chasm.”In October, the Korean carmaker forged a multi-year strategic partnership with Waymo, a unit of Alphabet Inc., to jointly develop a Level 4 autonomous vehicle based on Hyundai’s all-electric crossover SUV, the IONIQ 5.
LOS ANGELES – José Muñoz, just tapped as the next chief executive of Hyundai Motor Co., says the current market uncertainty surrounding Donald Trump’s return to the White House and Chinese automakers’ aggressive marketing offer South Korea’s top automaker a new growth opportunity.“Throughout my decades of work experience in the auto industry, I’ve never seen a market volatility like this.
He said Hyundai has a corporate culture of “pali, pali,” just like the overall Korean culture, which means “quickly, quickly” in English.“If we plan ahead and at the same time maintain a very strong pali pali spirit, we can take advantage (of the market conditions) better than others.
The story "Hyundai’s José Muñoz sees new Trump policy, China offense as opportunity" has 641 words across 31 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "Hyundai’s José Muñoz sees new Trump policy, China offense as opportunity" was covered 1 hours ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 13 news stories per day.
It's most recent story was published 4 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
