<div class="container"><div class="row"><div class="col"><div class="article-detail-headline"><h1 class="article-detail_title"><span style="font-size: 10pt;"> (World Today Thursday 11 January 2018)</span></h1><h1 class="article-detail_title"> Hyundai Motor invests in ride-hailing firm Grab</h1><h1 class="article-detail_title"><img class="img-fluid bg-red" alt="Grab has expanded to eight Southeast Asian countries and has said it is the biggest operator in the region’s third-party taxi hailing and private-vehicle hailing sector. Grab file photo " src="https://img1.daumcdn.net/relay/cafe/original/?fname=http%3A%2F%2Fwww.todayonline.com%2Fsites%2Fdefault%2Ffiles%2Fstyles%2Fnew_app_article_detail%2Fpublic%2Fphotos%2F43_images%2Fgrabcar1_read-only_0.jpg%3Fitok%3D600CTR_7" lazy="loaded"><strong><span style="font-size: 9pt;">Grab has expanded to eight Southeast Asian countries and has said it is the biggest operator</span></strong></h1><h1 class="article-detail_title"><strong><span style="font-size: 9pt;">in the region’s third-party taxi hailing and private-vehicle hailing sector. Grab file photo</span></strong><span style="font-size: 9pt;"> </span></h1></div></div></div></div><div class="container"><div class="row"><div class="col"><div class="article-detail-published-social article-detail_byline"><div class="row align-items-center"><div class="col"><div class="article-detail_bylinepublish"><br></div><div class="article-detail_bylineupdate"><span style="font-size: 10pt;">Updated 11 January, 2018</span></div></div><p class="social-item"><br></p><div class="col-md-auto"><ul class="social-list addthis_toolbox" addthis:title="Hyundai Motor invests in ride-hailing firm Grab" addthis:url="http://www.todayonline.com/world/hyundai-motor-invests-ride-hailing-firm-grab-0" addthis:description="SEOUL ― Hyundai Motor said on Thursday (Jan 11) that it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker’s first foray into the rapidly growing sector as it tries to diversify following a sales slump in China." addthis:media="http://www.todayonline.com/sites/default/files/styles/new_app_article_detail/public/photos/43_images/grabcar1_read-only_0.jpg?itok=600CTR_7"><a title="WhatsApp" class="social-link addthis_button_whatsapp at300b" href="http://www.todayonline.com/world/hyundai-motor-invests-ride-hailing-firm-grab-0#" target="_blank"><div class="fa fa-whatsapp" aria-hidden="true"></div></a><div class="atclear"></div></ul></div></div></div></div></div></div><!----><!----><div class="container"><div class="row"><div class="col"><div class="article-detail_body"><p><strong><span style="font-size: 11pt;">SEOUL </span></strong><span style="font-size: 11pt;">― Hyundai Motor said on Thursday (Jan 11) that it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker’s first foray into the rapidly growing sector as it tries to diversify following a sales slump in China.</span></p><p><span style="font-size: 11pt;">Grab has expanded to eight Southeast Asian countries and has said it is the biggest operator in the region’s third-party taxi hailing and private-vehicle hailing sector.</span></p><p><span style="font-size: 11pt;">The companies will jointly develop services in Southeast Asia, including one utilizing Hyundai’s eco-friendly models such as the IONIQ Electric, the two firms said in a statement.</span></p><p><span style="font-size: 11pt;">They did not disclose the value of Hyundai’s investment and a spokeswoman for the automaker declined to comment further.</span></p><p><span style="font-size: 11pt;">Grab’s latest fundraising round, which Hyundai has joined, already includes investors such as China’s Didi Chuxing, Japan’s SoftBank and Toyota Tsusho, the firms added.</span></p><p><span style="font-size: 11pt;">Hyundai said on Wednesday it is considering building a car plant in Southeast Asia, possibly in Indonesia or Vietnam.</span></p><p><span style="font-size: 11pt;">The company’s interest in the region has grown since a diplomatic row between Beijing and Seoul last year hurt South Korean firms that are highly reliant on the Chinese market.</span></p><p><span style="font-size: 11pt;">The automaker also announced for the first time a self-driving technology partnership with Silicon Valley start-up Aurora earlier this month, a shift from its usual preference for developing technology itself. REUTERS</span><br></p></div></div></div></div><p><br></p>
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