Hyundai Komo Technology Co., Ltd. was established, and Hyundai Motor increased its investment in China

Hyundai Komo Technology Co., Ltd. was recently established, with NOH YONG HO as the legal representative and a registered capital of RMB 213 million. The company is wholly owned by Hyundai Motor Co., Ltd. and mainly operates in artificial intelligence industry application system integration services, Internet of Things application services, data processing services and other businesses. Hyundai Motor has recently continued to increase its investment in the Chinese market, including jointly injecting US$1,095,466,000 into Beijing Hyundai with BAIC Investment, and spending RMB 180 million to renovate the Yancheng factory.