South Korean automaker Hyundai has announced to provide 5,000 vehicles to Middle Eastern ride-hailing firm Careem by December this year.
The move is part of Hyundai’s ambition to transform itself into a smart mobility solutions provider. The 5,000 units of vehicles to be delivered in the middle-east include Sonata & Grandeur sedans, and the Tucson & Santa Fe SUVs.
Related: Toyota to Invest $1 Billion in Grab Ride Hailing
Earlier in March, Careem was acquired by global ride-hailing service provider Uber for $3.1 billion, making it the largest-ever technology purchase in the region.
In recent years, Hyundai has increased its investments in car-hailing firms to establish a presence in the global car-sharing markets. Hyundai and its affiliate Kia jointly invested $300 million in India’s biggest ride-hailing firm, Ola, in March. Last year, the duo also invested $275 million in Southeast Asia’s leading ride-hailing app, Grab.
A computer animation professional with over 23 years of industry experience having served in leading organizations, TV channels & production facilities in Pakistan. An avid car enthusiast and petrolhead with an affection to deliver quality content to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com
