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European Metals Holdings Ltd

Grab says ‘right time’ to introduce electric vehicles, set to roll out 200 Hyundai Konas

Ride-hailing firm Grab is set to roll out 200 electric vehicles (EVs) into Singapore’s streets progressively from Friday (Jan 11).

Having purchased 200 Hyundai Kona 64 kWH electric cars, Grab will release an initial batch of 20 vehicles on Friday with the rest being introduced over the next few weeks, head of the company’s car leasing service GrabRentals, Kau Yi Ming said in an interview with local media.

“With these 200 cars, we will also be one of the biggest EV fleet in Singapore, and we want to be able to take this opportunity to introduce electric vehicles to both drivers and passengers of Grab,” said Mr Kau. “We feel that it is the right time to introduce a mass market platform like this, the technology has improved to the point that it has become viable to be used on the private-hire vehicle scale,” he added.

 

European Metals Holdings Ltd (LON:EMH) are an Australian and UK listed mineral exploration and development company advancing the Cinovec Lithium / Tin Project in Czech Republic. Cinovec hosts the largest lithium resource in Europe, and one of the largest undeveloped tin resources in the world. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.