SEOUL, Nov. 13 (BNA) Hyundai Motor Co. said Sunday it has partnered with an Indonesian aluminum supplier as part of efforts to meet rising demand for the material amid an accelerated industrial transition to electric vehicles (EVs).
The company said in a press release that the MoU with Indonesia-based PT Adaro Minerals Indonesia Tbk, South Korea’s largest automaker, is expected to help secure stable supplies of high-quality aluminum amid external uncertainties.
The company added that Adaro Minerals also plans to supply low-carbon aluminum products in the future, helping Hyundai move closer to its goal of carbon neutrality.
Low carbon aluminum products refer to products that have significantly reduced carbon dioxide emissions during the manufacturing process through the use of sustainable energy sources.
Hyundai Motor said the two companies will continue to seek cooperation on environmentally friendly projects.
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