Hyundai Motor Group, SP Group partner to accelerate EV adoption in Singapore
Two partners will jointly develop a new business model for battery leasing
SP Group has signed a business cooperation agreement with Hyundai Motor Group (HMG) to accelerate adoption of electric vehicles (EVs) in Singapore, the company said in a press release on 12 November. As part of the agreement, the two partners will jointly develop a new business model for battery leasing, which will allow EV users in Singapore to lease battery for their EVs instead of owning it.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
