SINGAPORE/SEOUL: Hyundai Motor Group and Grab Holdings Inc are deepening their partnership in mobility services.
The next phase of the partnership will focus on accelerating EV adoption in South-East Asia.
Grab will work with Hyundai and its affiliate Kia to further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety.
Survey results from initial EV pilot in Singapore found that high costs, lack of charging locations and long waiting times for charging are top barriers hindering Grab driver-partners from adopting EVs.
Hence, the enhanced partnership will focus on addressing some of these barriers by piloting new EV business models such as leasing EVs with a battery-as-a-service model or car-as-a-service model, and EV financing.
Both parties will also develop a joint EV roadmap to accelerate adoption in South-East Asia. The pilot programs will start in 2021, beginning in Singapore, and expand to Indonesia and Vietnam.
As part of the roadmap development, the two parties will also conduct an EV feasibility study. The intent is to gain a deeper understanding into the gaps and barriers to wider EV ownership and adoption, then translating the findings from the study into practical ways to further develop the EV ecosystem.
These insights will provide governments and ecosystem partners with ideas and best practices on how EV policies can be shaped to better address the day-to-day operational routines of ride-hailing drivers and delivery-partners. This comes at a critical time as last-mile logistics and deliveries continue to experience unprecedented growth, and EVs can play a huge role in reducing carbon emissions from vehicles.
In addition, both parties are exploring collaboration in new business opportunities and technologies such as smart city solutions.
Since the initial partnership was announced in 2018, both parties have launched a series of EV pilots in South-East Asia, starting with Singapore in 2019 and Indonesia in 2020.
The pilots saw the deployment of 200 Hyundai Kona EVs in Grab's GrabRentals fleet in Singapore, which has consistently recorded a high utilisation rate.
Customised maintenance packages and incentives were also rolled out to support Grab driver-partners who are renting the Hyundai EVs. In Indonesia, Grab launched its GrabCar Elektrik fleet of Hyundai IONIQ vehicles at Jakarta's Soekarno-Hatta airport.
The Hyundai partnership is part of a range of ongoing EV-related initiatives from Grab to support the EV goals of governments in South-East Asia.
In Singapore, Grab has a partnership with SP Group, the largest government-owned electricity and gas distributor in the country.
Grab has leveraged driving data from this partnership to advise on ideal charging locations, based on driver locations and demand heatmaps.
In Indonesia, Grab launched the Electric Vehicle Ecosystem Roadmap in 2019 with the Indonesian government to support EV policies, and help achieve the government's target of 20% of Indonesian transportation being EVs by 2025.
