Hyundai Motor launches mobility service venture in Los Angeles
SEOUL, Nov. 15 (Yonhap) -- Hyundai Motor Group, South Korea's top automaker, said Friday it has launched a mobility service venture company in Los Angeles to expand its presence in the future mobility market.
Hyundai said MoceanLab will provide mobility services there, starting with its pilot carsharing service. It plans to expand the service from autonomous ridesharing to multimodal transportation, according to the company.
Hyundai said MoceanLab aims to reduce traffic and increase convenience of customers by offering various transit options in Los Angeles, which will host the 2028 Summer Olympics.
"More and more customers, including citizens of Los Angeles and tourists, will greatly benefit from MoceanLab as its service gradually covers a larger area of Los Angeles and diversifies its mobility services," Yun Kyoung-lim, an executive vice president at Hyundai Motor Group, said. "With such efforts, Hyundai Motor Group aims to lead the technology development for clean mobility."
MoceanLab is Hyundai's latest effort to transform itself into a mobility solutions provider.
This year, Hyundai made investments in car-hailing firms like Grab and Ola. It also formed a joint venture with Aptiv in September to focus on developing autonomous technology.

In this photo provided by Hyundai Motor Group, officials from Hyundai Motor Group and the Los Angeles city government pose for a photo at the LA Comotion event in Los Angeles on Nov. 14, 2019. (PHOTO NOT FOR SALE) (Yonhap)
kdon@yna.co.kr
(END)
-
All BTS members renew contract with BigHit
-
Top court upholds life sentence for woman over drowning death of husband for insurance money
-
Defense minister nominee calls for scrapping inter-Korean military accord
-
Late wife of Australian veteran of Korean War laid to rest in Busan
-
Remains of another Korean War soldier identified
-
All BTS members renew contract with BigHit
-
Top court upholds life sentence for woman over drowning death of husband for insurance money
-
Late wife of Australian veteran of Korean War laid to rest in Busan
-
Remains of another Korean War soldier identified
-
(LEAD) Fighter jet crashes in Seosan; pilot makes emergency escape
-
(LEAD) S. Korea stages military parade in downtown Seoul for 1st time in decade
-
(LEAD) Court rejects arrest warrant for opposition leader Lee over corruption charges
-
(Asiad) S. Korean tennis player Kwon Soon-woo embroiled in controversy after 2nd-round upset
-
S. Korea shows off 'high-power' missiles for Armed Forces Day ceremony
-
(2nd LD) (Asiad) S. Korean tennis player Kwon Soon-woo embroiled in controversy after 2nd-round upset