Hyundai to Provide 5,000 cars to Careem

Hyundai to Provide 5,000 cars to Careem 1

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.

 

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About UsmanAnsari

A 3d animation professional with over 19 years of industry experience, an avid car enthusiast, petrolhead and social media influencer. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com

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