Hyundai, Kia invest USD250 million in Grab

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Corporate developments

Three company agree to establish a partnership to pilot electric vehicle programs across Southeast Asia

Hyundai Motor Group has expanded its strategic partnership with Grab, the two companies said in a joint press release on 7 November. As part of the latest agreement, Hyundai and Kia, the two automotive brands of Hyundai Motor Group, have agreed to invest an additional USD250 million in the latest financing round of Grab.

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