Hyundai Motor Group said Wednesday it will actively participate in the government's energy conservation measures, including expanding its vehicle odd-even driving restriction program.
The group is extending the every-fifth-day vehicle restriction — previously implemented only at the headquarters of Hyundai Motor (005380.KS) and Kia (000270.KS) — to Hyundai Steel (004020.KS), Hyundai Kefico and Hyundai AutoEver (307950.KS). The three affiliates had been operating under a less restrictive every-tenth-day system. Hyundai Motor Group also plans to expand shuttle bus routes to minimize employees' use of personal vehicles.
The group will prioritize eco-friendly vehicles, including electric and hydrogen fuel cell cars, for business use. It has also decided to purchase only eco-friendly vehicles when acquiring new fleet cars.
In addition, the group will optimize equipment operations across all affiliates while replacing aging, low-efficiency heating, cooling and lighting systems with high-efficiency alternatives. Hyundai Motor and Kia headquarters recently introduced automatic light-off systems.
The group also plans to actively explore installing additional solar power generation facilities at factories and parking lots, as well as expanding the use of energy storage systems (ESS) to improve electricity efficiency.
