Hyundai Motor Group joins RE100 initiatives

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Hyundai Motor Group, together with its affiliate brands Hyundai Motor Company, Kia Corporation, Hyundai Mobis (Hyundai’s parts and service arm), and Hyundai Wia (Hyundai’s machine tools and auto parts division), have become members of RE100.

KEY TAKEAWAYS

  • What are Hyundai Motor Group's four major subsidiaries?

    The Hyundai Motor Group's four major subsidiaries, all of which are joining RE100, including Hyundai Motor, Kia Motor, Hyundai Mobis, and Hyundai Wia.
  • When does the group plan to transition to using 100 percent renewable energy?

    While the target is by 2050, the group looks to accomplish the goal by as early as 2040.
  • hyundai-mobishyundai-wia

    RE100 is a global initiative committed to large corporates moving toward 100 percent renewable electricity.

    While all of Hyundai’s subsidiary companies aim to transition to using 100 percent renewable energy come 2050, each of these businesses is looking at launching individual initiatives to achieve targets ahead of schedule — at least as early as 2040 according to the Hyundai Motor Group.

    The Hyundai Motor Group also adds that the four companies plan to establish a joint RE100 response system at global sites where they commonly operate.

    “The group is considering various ways to procure renewable energy, such as self-production through solar panels, power purchase agreements (PPA) with wind and solar energy producers, as well as purchase through Korea Electric Power Corporation’s (KEPCO) ‘Green Premium’ program,” Hyundai Motor Group said in a recent press release.

    Per Hyundai Motor Group, its affiliates have agreed on the need to transition to 100 percent renewable energy and plan to actively use it in their operations going forward.

    Hyundai Transys, Hyundai Kefico, Hyundai Partecs, Hyundai Capital, Hyundai NGV, and Mocean will cooperate with Hyundai Motor. Kia Tigers baseball club will cooperate with Kia. HL GreenPower, Hyundai IHL, and GIT will cooperate with Hyundai Mobis. And Wia Magna Powertrain and Hyundai Wia Turbo will cooperate with Hyundai Wia.

    In addition to joining RE100, the Hyundai Motor Group is planning other relevant initiatives including the establishment of an eco-friendly smart factory for efficient production, the acceleration of vehicle electrification, and supporting carbon neutrality in its global supply chain.

    Photos from Hyundai, RE100, Hyundai Mobis, and Hyundai Wia

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