[라이센스뉴스 최인철 기자] The Hyundai Motor Group will work with the government and the financial community to support domestic parts makers who wish to enter the future car industry, and to build an electric vehicle and hydrogen electric vehicle charging infrastructure.
It has decided to participate in the creation of a large-scale fund to reinforce the competitiveness of future car parts technology such as eco-friendly and autonomous driving and to build an ecosystem for the future car industry.
On the 4th, Hyundai Motor Group signed a “business-financial new deal investment cooperation agreement” with government agencies, financial institutions and policy fund management institutions at Hyundai EV Station Gangdong on the 4th.
The business agreement ceremony included Minister of Trade, Industry and Energy Sung Yun-mo, Chairman of the Financial Services Commission Eun Seong-soo, Chairman of the Financial Services Commission Lee Dong-geol, Chairman of the Korea Development Bank, Ki-Hong Sung, CEO of Korea Growth Finance Corporation, Yang-ho Jeong, Director of the Institute for Industrial Technology Evaluation and Management (KEIT), President of the Institute for Industrial Technology Promotion (KIAT) Yoo Ji-cheol, and Jeong-tae Kim, Chairman of Hana Financial Group. , Yong-Byeong Cho, Chairman of Shinhan Financial Group, Jong-won Yoon, President of Industrial Bank of Korea, and Young-woon Kong, President of Hyundai Motor Company attended the event.
Institutions, companies, and banks decided to cooperate with each other in 2021 to create a “future car and industrial digital investment fund (hereinafter referred to as the future car investment fund)” worth 200 billion won, which is a subsidiary fund of the policy-type New Deal Fund.
The Future Car Investment Fund consists of three funds: 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, while the infrastructure investment fund invests in eco-friendly future vehicle infrastructure such as high-speed electric vehicle charging stations and hydrogen charging stations.
Hyundai Motor Group will participate in the three funds with a total amount of 30 billion won, each of 10 billion won. It is a decision to actively support internal combustion engine parts makers to grow into competitive future car parts companies as the market for pollution-free vehicles such as electric vehicles and hydrogen electric vehicles expands and the commercialization of future new technologies such as autonomous driving and artificial intelligence accelerates.
The successful entry of auto parts companies into the future car industry is a matter that determines the competitiveness of the future car industry, and is based on the judgment that when not only auto parts companies but also parts companies grow together, a solid future mobility ecosystem can be established.
Early construction of infrastructure for domestic environmental vehicles and autonomous vehicles is essential to lead the global eco-friendly future vehicle market. The Hyundai Motor Group is also actively making efforts to expand eco-friendly charging infrastructure. This year, a total of 120 high-speed electric vehicle chargers will be installed in 12 highway rest areas and 8 major city centers across the country.
Since 2018, it has built eight hydrogen charging stations in downtown and highway rest areas nationwide, and plans to expand the charging network nationwide through the hydrogen charging station construction and operation companies Hinet (passenger) and Kohaizen (commercial).
An official from Hyundai Motor Group said, “I hope that the future car investment fund will become a platform for internal combustion engine parts makers to prepare pollution-free and autonomous vehicle parts and contribute to the expansion of the charging infrastructure so that customers can conveniently charge electric and hydrogen vehicles anywhere in the country. I look forward to it.”
Considering that domestic parts makers suffer from a lack of information related to eco-friendly future vehicles, Hyundai Motor Group is actively cooperating with the Auto Parts Industry Promotion Foundation, a non-profit public interest corporation for auto parts makers, to focus on solving the blind spot of information. It is a policy.
In addition to participating in this fund, Hyundai Motor Group is providing diverse support so that domestic parts makers can continue to grow through stable management activities.
At the beginning of last year, large-scale funding was urgently invested when domestic small and medium-sized parts makers were in trouble due to the worldwide suspension of automobile production due to Corona 19. To ensure timely liquidity for small and medium-sized parts suppliers ▲ Interest-free support for management funds of 308 billion won ▲ Funds were executed at a scale of 1 trillion won through early payment of 587 billion won for delivery and 100.5 billion won for parts production investment.
As small and medium-sized parts makers with technological prowess and stable suppliers are unable to secure funds in the short term due to Corona 19, the government and local governments contributed 120 billion won to prevent chain damage from parts makers and protect the automotive industry ecosystem. , Participated in a large-scale financial program for low-credit small and medium-sized auto parts makers with the financial sector.
Hyundai Motor Group is actively helping small and medium-sized parts suppliers to stabilize management through a win-win cooperation program worth KRW 1.672.8 billion. The main contents are the operation of a future growth fund to support new technology investment for suppliers, early payment of parts investment costs, and an emergency operation program for stabilizing the management of small and medium parts manufacturers.
For secondary and tertiary small and medium-sized suppliers, a total of 455 billion won in funds and funds, including a win-win cooperation fund of 50 billion won and a win-win fund for secondary and tertiary suppliers of 100 billion won, a win-win operation fund, and a win-win mold facility fund. It is being created to support partners.
Every holiday, such as Lunar New Year and Chuseok, the company is helping suppliers manage their funds through early payment of more than KRW 1 trillion for suppliers.
The Hyundai Motor Group is constantly striving for sustainable development through funding and win-win cooperation with parts suppliers. Expand the target of support to over 5,000 secondary and tertiary small and medium-sized suppliers that do not directly deal with the Hyundai Motor Group as well as primary suppliers, and ▲ improve management ▲ competitiveness ▲ overseas expansion ▲ employment support ▲ win-win between primary and secondary and tertiary partners We are implementing a virtuous cycle of shared growth by reinforcing the cooperative management system.