Hyundai Motor Group's $4.2 billion deal with EUKOR car carriers is a significant expansion of their partnership, boosting Hyundai and Kia vehicle exports from 40% to 50%.
EUKOR's CEO noted the deal as a "historic milestone," which reinforces the company's strong market position in South Korea and increases their export volumes from China.
The partnership extension between Hyundai and EUKOR showcases Hyundai's commitment to expanding its vehicle export business, which also includes strategic alliances with firms like BYD and Tesla.
This contract amplifies EUKOR's existing relationship with Hyundai, reflecting the growing demand for efficient car transport solutions in the automotive industry, further ensuring their competitive edge.
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