Invest in building electric vehicle and hydrogen vehicle charging stations with future vehicle parts development companies
(Seoul = Yonhap News) Reporter Cho Jae-young = Hyundai Motor Group, government agencies, and the financial industry will join hands to create a 200 billion won fund that focuses on future car investments.
On the 4th, Hyundai Motor Group and government agencies, financial institutions, and policy-type fund management organizations signed a’MOU for Future Cars and Industrial Digital Industry and Finance New Deal Investment Cooperation (MOU)’ at Hyundai EV Station Gang-dong.
This business agreement was promoted to support the investment of the new deal in the future car and industrial digital sectors together with industry and finance, and to strengthen the growth of small and medium-sized companies and the industrial ecosystem.
(Seoul = Yonhap News) Reporter Hwang Kwang-mo = Seong-soo Eun (from the first right) Minister of Trade, Industry and Energy Sung Yun-mo, Hyundai Motor President Gong Young-woon, and other financial and industrial guests at Hyundai EV station Gang-dong, Gangdong-gu, Seoul on the afternoon of the 4th They are watching a demonstration of fast charging to a car, Kona EV.
On this day, representatives from the government, industry, and financial circles signed a memorandum of understanding (MOU) here for the’future car, industrial digital industry-financial new deal investment cooperation’. [email protected]
The companies, institutions, and banks participating in the agreement decided to cooperate with each other this year to create the’Future Vehicle Industrial Digital Investment Fund’ (hereinafter referred to as the Future Vehicle Investment Fund) worth 200 billion won, which is the parent fund of the policy-type New Deal Fund.
To this end, Hyundai Motor Group was awarded 30 billion won, the Institute for Industrial Technology Evaluation and Management (KEIT) 30 billion won, the Industrial Technology Promotion Agency (KIAT) 20 billion won, and IBK[024110] Private investment institutions, including 10 billion won, plan to invest a total of 90 billion won in matching funds from the parent fund. A policy-type New Deal Fund, a parent fund of 50 billion won and other private funds of 60 billion won, will also be invested.
The Mirae Car Investment Fund consists of three funds, including two corporate investment funds worth 150 billion won and infrastructure investment funds worth 50 billion won.
The corporate investment fund invests in domestic parts companies developing new technologies to enter the eco-friendly future car parts company from the existing internal combustion engine parts, and the infrastructure investment fund invests in eco-friendly future car infrastructure such as high-speed electric vehicle charging stations and hydrogen charging stations.
Hyundai Motor Group participates in each of the three funds by 10 billion won.
An official of the Hyundai Motor Group said, “As the market for pollution-free vehicles such as electric vehicles and hydrogen electric vehicles is expanding, and the commercialization of future new technologies such as autonomous driving and artificial intelligence is accelerated, this is to actively support internal combustion engine parts makers to grow into competitive future car parts companies. “I said. It is based on the judgment that the future mobility ecosystem can be established only when not only automakers but also parts companies grow together.
The agreement signing bodies decided to strengthen information exchange and mutual cooperation for the discovery and successful operation of the New Deal Fund.
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The financial sector that participated in the business agreement revealed that it plans to invest a total of 1.1 trillion won in New Deal Fund over the next five years. IBK won 1 trillion won, Hana Financial Group[086790]Promotes a matching investment of 100 billion won.
At the signing ceremony, the ceremony was held at the signing ceremony: Sung Yun-mo, Minister of Trade, Industry and Energy, Eun Seong-su, Chairman of the Financial Services Commission, Dong-geol Lee, Chairman of the Korea Development Bank, Ki-Hong Sung, CEO of Korea Growth Finance Corporation, Yang-ho Chung, Director of Industrial Technology Evaluation and Management, Yoo Ji-cheol President of Industrial Technology Promotion Agency, Jeong-tae Kim, Chairman of Hana Financial Group, Yong-Byeong Cho, Shinhan Financial Group. Chairman, Jongwon Yoon, Head of Industrial Bank of Korea, Youngwoon Kong, Hyundai Motor Company[005380] The president and others attended.
Minister Sung Yun-mo said, “I expect this fund to be a new model of success for industrial and financial investment cooperation that creates a dynamic industrial ecosystem by providing sufficient patient capital to innovative companies in the future car sector.”
Finance Commissioner Eun Seong-soo said, “From now on, we must focus our efforts on the rapid formation of a policy-type New Deal Fund and the creation of investment results. I hope that it will become a compass that allows funds to flow smoothly in the right place in the future cars and industrial digital fields.” .
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2021/02/04 14:30 sent