In progress withpositive energyHyundai Motor CompanyCarbon Neutrality Roadmap

We are in a collision course with nature,draining the Earth of precious resources,and without our attention, it will be too late.Change starts with an action, not opinions.Hence we stand upon such hope for thesustainable future.Laying the foundations to improve lives,offering solutions that would build this planetmore sustainable.Hyundai will be the change the world needs,taking the necessary steps to power progress.This is not a reluctant obligation,but an invitation to the better world,driving positive change for a cleaner future.In progress with positive energy.

Table ofcontents1. Hyundai Motor Company4. Achieving carbon neutrality in our factoriescarbon neutrality vision and goals 4 1. Hyundai Motor Company’s direction for1 1. In progress with positive energy 1 2. Hyundai Motor Company carbon neutral goalsattaining carbon neutral factories4 2. RE100 initiative and detailed execution plan4 3. Eco-friendly smart factory2. Strategies for vehicle electrification 2 1. Hyundai Motor Company goals forvehicle electrification 2 2. Enhancing our technological competitivenessand infrastructure(E-GMP, E-pit, & IONITY investment) 2 3. Utilizing electrical energy conversion5. Encouraging and supporting our auto-part supplychains (partners) in achieving carbon neutrality 5 1. Hyundai Motor Company’s supply chain (partner)management direction 5 2. Encouraging partners to go carbon neutralthrough LCA managementtechnologies (V2G & SLBESS)6. Social activities to reduce carbon emissions:3. Hydrogen business synergycarbon reduction & recycling3 1. Hyundai Motor Group’s 2040 Hydrogen Vision6 1. Carbon capture utilization and storage (CCUS)3 2. Expanding our hydrogen fuel cell business6 2. Designs that consider recycling possibilities 3 3. Increasing the competitiveness of our hydrogenfuel cell system 3 4. Utilizing green hydrogen and becoming moreeco-friendly3 5. Hydrogen campaigns6 3. Re:Style, creating shared value through upcycling

01.Hyundai MotorCompanycarbon neutralityvision and goalsOur vision for achieving what we view as “progress for humanity” is based around ourdetermination to ensure universal mobility without causing harm to our planet. With this visionin mind, Hyundai Motor Company thinks about what is best for humanity, society, and a betterfuture. From transitioning to an electric vehicle (EV) paradigm with the launch of the IONIQbrand to our efforts to build a hydrogen society based on over twenty years of research,we have consistently led the way for change toward greater sustainability. We firmly believe that1 1.In progress withpositive energythe automobile industry has the greatest responsibility to take proactive actions against climatechange. We promise to continue our journey for humanity and future generations.The automobile industry has inherent responsibilities with regards to climate change andis undertaking several eco-friendly measures in response. In July of 2021, Hyundai MotorCompany announced to become a member of RE100, showing the commitment to attaincarbon neutrality in its global operations. At the IAA Mobility held in Munich in September 2021,we presented our strategies to become carbon neutral by 2045, focusing on electrification andhydrogen society.Hyundai Motor Company has prepared an integrated solution to create a sustainable future notonly in terms of mobility but also in terms of energy and entire cities. Our goal is to make ourvalue chains completely carbon neutral. In terms of our electrification project, we are lookingfor ways to reduce greenhouse gas emissions beyond the stage of manufacturing. One of thesemethods is recycling waste batteries. For our hydrogen project, we are building a lineup offuel cell electric vehicles. We also plan to store, transport, charge, and even produce hydrogenenergy in the future. In addition, we are developing new mobilities based on environmentalenergy such as the Urban Air Mobility (UAM) and Purpose-Built Vehicle (PBV) to support cleanand urban lifestyles. Based on our advanced technologies, Hyundai Motor Company willimplement electrification, build hydrogen society, and help create smart cities. Through thiscircular economy, we will help our society move closer to carbon neutrality.04

01.Hyundai MotorCompanycarbon neutralityvision and goals1 1.In progress withpositive energyWe have a responsibility to pass down breathable air, the beauty of nature, and a sustainableplanet to future generations. Progress for humanity will continue to be our greatest interest.Hyundai Motor Company is ready to continuously strive towards carbon neutrality to ensure abrighter future for the next generation.05

01.Hyundai MotorCompanycarbon neutralityvision and goalsThe international society is currently building a roadmap to limit the global temperature rise to1.5 and achieve carbon neutrality by 2050. We are determined to build a sustainable futureand protect the earth’s environment for future generations. Thus, we have made it our goal tobecome carbon neutral across all stages including parts procurement, production, and vehicleoperation by 2045. To achieve these goals, Hyundai Motor Company will be implementing carbonneutral strategies based on our advanced environmental technologies for EVs, fuel cell electricvehicles, and hydrogen energy.1 2.Hyundai Motor Companycarbon neutral goalsHyundai Motor Company will establish an RE100 roadmap to transition 100% to renewableenergy in our overseas factories by 2045. We will also increase the use of green hydrogen inmajor manufacturing procedures. Furthermore, we will provide carbon neutral guidelines formajor partners and demand socially responsible practices from them to reduce greenhouse gasemissions across all stages of manufacturing.100% Electrification ofGenesis / Usage ofrenewable energy100% Electrification inEurope /all commercialvehicle models ality100% Electrification inmain markets /(all commercial vehicleelectrification goal in korea)Hyundai Motor CompanyCarbon NeutralitySupply chains/Partners2)Factories /buildingsReduction (removal/ offset)20190620302035204020451) Carbon emission in the procedure of Tank of Wheel2) Suppliers’ carbon emission; Aiming to reduce carbon emission through collaboration with partners

02.Strategies forvehicleelectrificationAccording to the International Energy Agency (IEA), carbon emissions produced bytransportation account for approx. 20% of the global total, more than 70% of which comesfrom road traffic that includes automobiles. To limit the global temperature increase to 1.5 inaccordance with the Paris Agreement, we need to aim beyond carbon reduction toward zerocarbon emissions. For this goal, our priority is to shift the focus of our products and businessstructure from internal combustion engine vehicles to electric vehicles. We plan to achieve100% electrification (through battery electric vehicles and fuel cell electric vehicles) in the2 1. Hyundai MotorCompany goals forvehicle electrificationEuropean market by 2035 and to achieve 100% electrification of product vehicles in majormarkets by 2040. We also plan to accelerate electrification by considering customer needs,market conditions, and infrastructure status in emerging global markets. For our luxury brandGenesis, we will implement electrification across all newly launched models starting in 2025 andachieve 100% electrification by 2030. In terms of commercial vehicles (CV) including buses andlarge trucks, which produce more carbon emissions compared to passenger vehicles,we plan to build a full lineup of fuel cell electric CVs by 2028 and attain 100% electrificationin the Korean market by 2035. In the global market, we will gradually expand our business bybuilding hydrogen ecosystems and entering new markets through strategic partnerships.For each region, brand, or model, we are dedicating our best efforts to achieve totalelectrification as soon as possible.Furthermore, we plan to replace all company cars used in our domestic/overseas factories withelectric vehicles. We will also encourage our partners to switch to electric vehicles and electrictransport vessels by 2040-50 to achieve zero carbon emissions across all our factories.07

02.Strategies forvehicleelectrificationIn 2013, Hyundai Motor Company launched TUCSON ix, the world’s first fuel cell electric vehicle.In 2018, Hyundai Motor Company launched NEXO, a fuel cell electric vehicle equipped witha next generation fuel cell system comparable to internal combustion engines in terms ofperformance and durability. As of 2020, NEXO sales reached 6,600 units in the global market,in which it marked #1 in FCEV market. NEXO is currently leading the fuel cell electric vehiclemarket, accounting for 69% of the market share. Hyundai Motor Company sold 140 units of theXCIENT fuel cell electric truck to Switzerland in 2021 with further plans to increase our exports2 1. Hyundai MotorCompany goals forvehicle electrificationof fuel cell electric trucks. The number of our fuel cell electric buses operating in Korea will alsoincrease from the current number, 100, to 200 by the end of 2021. Beginning in 2023,we plan to further expand our lineup of fuel cell electric vehicles from one to three. Followingthe redesigned NEXO scheduled for the second half of 2023, MPV-size FCEV model will beunveiled at the end of 2023, followed by the Large SUV FCEV model after 2025.Hyundai NEXOFuel cell electric truck XCIENT08

02.Strategies forvehicleelectrificationThe new EV-exclusive brand IONIQ effectively demonstrates the level of our EV technology.IONIQ 5, launched in April 2021, was designed based on our dedicated BEV platform,the Electric-Global Modular Platform (E-GMP). E-GMP’s multi-charger system is compatiblewith a variety of chargers, allowing users easy access to the nearest charging station.Compared to the existing internal combustion engine renovation platform, E-GMP is equippedwith several distinguishing features including flexible product development, EV-optimizeddesigns and structures, a standardized high-capacity battery system (bi-directional power2 2.Enhancing ourtechnologicalcompetitiveness andinfrastructure(E-GMP, E-pit, & IONITYinvestment)conversion function), longer provision of range (over 500km on a WLTP full charge), futuristicdesigns, and innovative space. The E-GMP system is a leading technology for future mobilitiessuch as self-driving cars and connected cars which require more energy consumption andprecise high-performance control compared to conventional vehicles.In addition to developing advanced EV technology, Hyundai Motor Company will also helpincrease EV charging infrastructures and provide customers with easy access to charging.E-pits are ultra-fast EV charging stations built by Hyundai Motor Group to provide convenienceto long-distance drivers and expand the distribution of EVs in Korea. They are equipped with350kW chargers, the most powerful chargers in Korea in terms of output. They can chargean 800V EV from 10% up to 80% in just 18 minutes, which is approx. three times faster thana high-speed charger. Starting in 2021, we plan to expand our charging network by installing120 chargers at 20 ultra-fast charging infrastructures including 12 major highway rest stopsand other areas near 8 urban landmarks in Korea. Moreover, Hyundai Motor Group has signeda strategic investment contract (2019) for IONITY of 75 million euros in Europe. IONITY wasco-founded in 2017 by four automakers: BMW, Daimler, Volkswagen, and Ford. This equityinvestment will help us build partnerships that will accelerate our transition to ‘clean mobilities’for our EV customers in Europe.09

02.Strategies forvehicleelectrification2 2.Enhancing ourtechnologicalcompetitiveness andinfrastructure(E-GMP, E-pit, & IONITYinvestment)(From the top)E-GMP Battery Charging SystemHyundai Motor Group’s EV charging brand E-pitIONITY10

02.Strategies forvehicleelectrificationHyundai Motor Company will enhance the efficiency of the national power grid and contributeto carbon neutrality in our nation/society through vehicle-to-grid (V2G) technology.We aim to commercialize this next generation charging technology, which allows users toreturn the power stored in the high-voltage batteries of their EVs to the national grid. With V2G,users can charge their EVs during late hours of the night when power supplies are high anddischarge energy during peak hours when they are low, contributing to a stabilized power grid.Applying V2G technology requires the development of DC to AC inverters, bilateral chargers2 3.Utilizing electrical energyconversion technologies(V2G & SLBESS)(communication), and management programs (monitors/controllers). Hyundai Motor Groupis currently conducting empirical studies for the commercialization of V2G technology at ourSeoul headquarters parking tower. In addition to the distribution of new and exceptional EVmodels, the utilization of V2G technology will further contribute towards building carbon neutralsocieties by preventing additional constructions of power plants that produce environmentallyhazardous materials.The elements for operatingV2G rPower gridInverterBilateral chargersHigh unit costEV dischargingLow unit costLow unit costEV chargingEV chargingBuildingTime0The utilization of V2G technology1136912V2G technology concept image15182124

02.Strategies forvehicleelectrificationWaste batteries are expected to increase proportionally to the increase of EV sales in the future,demanding the need for recovery and recycling systems. With the increase of EV distributions,we have arranged to expand our waste battery recovery/recycling network globally acrossSouth Korea, Europe, and the United States, and etc. After thorough inspection, recoveredbatteries will be reused through our currently developing Second Life Battery Energy StorageSystem (SLBESS). SLBESS has been designed based on EV waste batteries. Hyundai MotorCompany is currently conducting an SLBESS/renewable energy demonstration project in2 3.Utilizing electrical energyconversion technologies(V2G & SLBESS)collaboration with external companies including Hyundai Steel, Korea Hydro & Nuclear Power,Q-Cells, and OCI. The SLBESS-based resource recycling project will contribute to the reductionof our society’s carbon emissions. For waste batteries that are unsuitable for ESS, our companyis conducting empirical research with recycling businesses that decompose waste batteries forvaluable metals such as lithium, cobalt, and nickel. Hyundai Motor Company will continue toenhance our capacity for reusing these valuable recycled metals.② Testing/GradingBattery Performance① SLB Collectionpass③ SLB1) based ESSpassfailfail⑥ Recycle⑤CommercializationExtracting the valuable metalsDiversifying our businessmodel & product (ESS, forklifts,UPS, etc.)④ ESS Pilot Projects with PartnersKoreaKoreaESSEUEUWaste battery business/circulation system1) SLB : the Second Life Battery12

03. Hydrogenbusiness synergy“ 2040,The Completion of HydrogenEnergy Shift”Hyundai Motor Group unveiled our visions for our hydrogen business and the world’s mostadvanced hydrogen fuel cell technology with Hydrogen Wave1) (September 7, 2021).Hydrogen Wave represents the group’s powerful initiative for shifting the energy paradigm and3 1.Hyundai Motor Group’s2040 Hydrogen Visionwelcoming in a hydrogen-based society. Our company motto is “2040, The Completion of TheHydrogen Energy Shift.” The three pillars of our hydrogen business are scalability, economicefficiency, and eco-friendliness. Our goal is to popularize hydrogen as a familiar and widelyused energy, not only in transportation but in all aspects of our lives and industry by 2040.As a global first-mover in hydrogen fuel cells, we are continuously striving to gaincompetitiveness through technological innovations. To accomplish our visions for thepopularization of hydrogen energy by 2040, we will continue to expand our businesses andtechnologies related to hydrogen energy systems. We will also distribute these systemsfor competitive prices to help our society transition to hydrogen energy, to achieve carbonneutrality and contribute for the sustainable environment.1) Hyundai Motor Group 2040 Future Vision for Hydrogen Society Forum (KINTEX, Ilsan)13

03. Hydrogenbusiness synergyHyundai Motor Company launched HTWO, our fuel cell system brand equipped with one ofthe world’s highest level of technology to expand our global business and help build hydrogenecosystems. HTWO stands for the chemical formula of hydrogen, while also embodying the twopillars of our hydrogen fuel cell project: hydrogen and humanity. The brand name expresses ourdetermination to provide humanity with significant value beyond energy. Based on its meritsin terms of energy conversion, storage, and transportation, hydrogen energy has recently beenrecognized as an optimal solution to combat the limitations of renewable energy that can3 2.Expanding our hydrogenfuel cell businessenhance the quality of life for humanity. Our hydrogen technology is exceptional in terms of itsefficiency, durability, and reasonable price. Hyundai Motor Company will leverage these meritsto evolve transportation by applying hydrogen energy to all mobilities including passenger/commercial vehicles, public transportation, trams, vessels, and UAMs. We also plan to developfuel cell systems that can be applied widely across our everyday life and various industriesfrom power generation to heating/cooling and energy storage, thus contributing to buildinghydrogen society.Fuel cell electrictruck XCIENTFuel cell ship14

03. Hydrogenbusiness synergyAt Hyundai Motor Company, we’re striving to stay competitive through technologicalinnovations that significantly enhance the output and durability of our fuel cell system.In terms of our 3rd generation fuel cell system (revealed at Hydrogen Wave), we are workingon improving space utilization by reducing the volume of our 100kW fuel cell system by 30%compared to the prior NEXO system. The 200kW fuel cell system will remain the same in termsof volume but will double in output. Currently they are still prototypes, but we can anticipatethe launch of highly sophisticated fuel cell systems by the time they are mass produced. We are3 3.Increasing thecompetitiveness of ourhydrogen fuel cell systemalso releasing a series of next-generation fuel cell systems that are as economically efficient asEV batteries and internal combustion engines. As evidenced by the many collaborations we havegoing with hydrogen-related companies and government agencies around the world, our fuelcell system is gaining positive results and recognition for its competitiveness.Hyundai Motor Company exports its first hydrogen fuel cell systemsOn September 2020, Hyundai Motor Company exported four hydrogen fuelcell systems to a European energy solution startup and GRZ Technologies,a hydrogen storage technology company in Switzerland. The exports wereperformed after the Ministry of Commerce, Industry, and Energy grantedapproval for the exportation of national core technologies. This was the firsttime hydrogen fuel cell systems were exported to non-automobile sectors.Hyundai Motor Company strengthens cooperation with the United StatesDepartment of Energy pertaining to hydrogen and hydrogen fuel celltechnologiesHyundai Motor Company signed a memorandum of understanding (MoU)with the United States Department of Energy to collaborate on innovatingand expanding global foundations for hydrogen and hydrogen fuel celltechnologies. The main purpose of the MoU is to share empirical/analyticaldata obtained through operating fuel cell electric vehicles and hydrogencharging stations with academia, government agencies, and companies.15

03. Hydrogenbusiness synergyIt is also aimed at introducing hydrogen energy to a variety of industries andthe general public to innovate hydrogen and hydrogen fuel cell technologiesand increase their usage worldwide. Strengthening our cooperation withthe US Department of Energy means that the distribution of fuel cellelectric vehicles, currently focused mainly in the State of California, maybe expanded across the US. It can also lead to increased investments andmore jobs across the entire value chain including hydrogen production,3 3.Increasing thecompetitiveness of ourhydrogen fuel cell systemstorage, and utilization. This in turn can accelerate the dawn of the hydrogeneconomy and shift energy paradigms.Hyundai Motor Group constructs first hydrogen fuel cell system plantoverseasTo intensify our hydrogen business and expand the ecosystem for hydrogenindustries, Hyundai Motor Group signed an MoU with Guangzhou.We also began constructing HTWO Guangzhou, our first hydrogen fuel cellsystem plant overseas. The construction is scheduled to be completed in 2022.Through HTWO Guangzhou, we will continue to apply our advanced hydrogenfuel cell system as a power source for more mobilities and industries.HTWO Guangzhou bird’s-eye view16

03. Hydrogenbusiness synergyTo achieve carbon neutrality, we must inevitably transition from fossil fuels to renewableenergy. Hydrogen is gaining increasing importance as a future energy source that can make upfor the unstable supply and demand of other renewable energies such as solar and wind.In recent years, major countries including the United States, Germany, and Japan have launchedlong-term projects to build hydrogen ecosystems. As of today, most hydrogen energy consistsof gray hydrogen produced from fossil fuels. However, to achieve true carbon neutrality in thefuture, it is important to transition to green hydrogen based on renewable energy.3 4.Utilizing green hydrogenand becoming moreeco-friendlyHyundai Motor Company plans to procure renewable energy such as solar and wind powerthrough collaborations with RE100 global businesses. We will further expand our collaborationsto produce and transition to green hydrogen using renewable energy. Green hydrogen will beused as the main energy source for our fuel cell electric vehicles in the future. It will also beused to generate power in our factories as an alternative to liquefied natural gas (LNG).This will maximize the synergy effect between our hydrogen project and carbon neutrality goals.17

03. Hydrogenbusiness synergyFor a smooth and effective transition to hydrogen society, Hyundai Motor Company isconducting various campaigns and social activities to communicate the eco-friendliness ofhydrogen to our customers. Our plan is to consistently expand our current hydrogen campaignand promotional activities.H2U (hydrogen to you):3 5.Hydrogen campaignsa global campaign that promotes the benefits of hydrogenWith the popularization of fuel cell electric vehicles and the construction ofhydrogen infrastructures, Hyundai Motor Company believes we have entereda new stage in building hydrogen societies. Alongside various influencers,we launched the campaign helped creating a community of people whobelieve in the importance of hydrogen societies. We invited professionalsin the automobile, eco-friendly mobility, and IT sectors along with lifestyleinfluencers in the music, fashion, and photography fields to experience ourleadership in fuel cell vehicle technology by fuel cell electric vehicle NEXO.We also created content highlighting our hydrogen fuel cell technology,future sustainable mobilities, and the concept of hydrogen societies.Through this content, we were able to engage with millennials who arehighly conscious of the environment and society. To enable more customersto experience the hydrogen energy technologies of NEXO, we’re planningto expand the H2U campaign to other major cities across Asia and NorthAmerica starting in 2022.H2 Economy: a campaign targeted at global opinion leadersPartnered with Bloomberg, Hyundai Motor Company is conducting H2Economy, a campaign aimed at global opinion leaders to consolidate ourimage as a leading company in building hydrogen economies. The campaignpromotes our hydrogen technology and products through educational18

03. Hydrogenbusiness synergyvideos while also communicating the importance of clean hydrogen energyin developing hydrogen technologies/businesses and building a sustainablefuture. The ultimate goal of the campaign is to influence how opinion leadersperceive hydrogen. We also rank 15 countries around the world based ontheir hydrogen adoption, policies, and investment levels to encouragecountries to cultivate hydrogen businesses.3 5.Hydrogen campaigns“Hyundai Motor Company and BTS promote hydrogen energy”To highlight hydrogen as tomorrow’s eco-friendly and sustainable energy,Hyundai Motor Company has teamed up with BTS for the Global HydrogenCampaign under the slogan “Because of You.” In celebration of EarthDay and Environment Day in 2021, we created a manifesto video anddocumentary surrounding the theme “For Tomorrow We Won’t Wait.”The videos convey the importance of taking sustainable actions to provide abetter future for the next generation. At Hyundai Motor Company, we wish toshare our efforts to create a hydrogen society with members of generation Zand millennials, and we hope that, together with BTS, we can make a positiveinfluence on their many fans around the world.19

04. Achievingcarbon neutrality inour factoriesHyundai Motor Company supports the direction and goals of the Paris Agreement and isfully aware of the roles and responsibilities of companies in reducing greenhouse gas emissionson a global level. We intend to increase the development/distribution of eco-friendly vehicles,help create hydrogen society, and implement a variety of activities to reduce greenhousegas emissions.At Hyundai Motor Company, we’re striving to make our factories carbon neutral by 20454 1.Hyundai Motor Company’sdirection for attainingcarbon neutral factoriesthrough the use of hydrogen energy, and etc. We will also be enhancing energy efficiency inour production process by transitioning to renewable energy and adopting high-efficiencymotors and inverters. In the short term, we’ll be prioritizing transitioning the electricity usedin manufacturing to renewable energy by consulting the RE100 roadmap. We’re also goingto adopt high-efficiency machinery, recycle waste heat, and improve procedures to increaseefficiency in our painting process, which currently runs mainly on LNG fuels.Our long-term goal starting in 2035 is to introduce green hydrogen (in connection with ourplans to build hydrogen society) and increase the use of renewable energy to achieve carbonneutrality by 2045. To achieve this goal, we plan to introduce hydrogen combustion machinerysuch as hydrogen boilers/burners and adopt green LNG that utilizes carbon reduction or carboncapture, utilization, and storage (CCUS) technology.20

04. Achievingcarbon neutrality inour factoriesTogether with our major affiliates—Kia, Hyundai Mobis, Hyundai Wia, and Hyundai Transys—we will reduce carbon emissions by transitioning 100% to renewable energy globally.Our goal is set on 2045, five years earlier than the schedule set by the RE100 initiative.To transition our overseas factories 100% to renewable energy, we will first start with ourCzech Republic plant where renewable energy is easily accessible. We’ll then be movingon to factories in other countries such as India and the US by taking into consideration the4 2.RE100 initiative anddetailed execution planenvironment surrounding the supply/demand of renewable energy and government policies/regulations of each country. The gradual transition will be 60% complete (compared to theRE100 recommendation) by 2030 and 90% complete by 2040. We will carefully consider thecircumstances of each plant to come up with the best solutions including installing solar panelson the roofs of our factories, purchasing renewable energy certificates, and signing powerpurchase agreements (PPA) with external renewable energy companies.Starting with our plant in the Czech Republic, Hyundai Motor Company plans to transition 100%to renewable energies by obtaining guarantee of origin (GO) certificates in 2022. Starting in2035, we’re also planning to install solar panels on the roofs of our factories and parking lots.Our India plant is already purchasing approx. 85% of its power (wind power 20%, solar power8%, waste incineration cogeneration 56%1) from external power companies through PPA.We are also installing 10MW solar panels on our roofs, which will be ready by 2021. In addition,we have already constructed 3.2MW solar panels at our plant in Indonesia (built in 2021).These panels have been in operation since April 2021.In Korea, we have made joint investments with large power companies and leased the roofsof our factories for solar panels. These panels supply electricity to external grids. The 10MWsolar panels installed in 2013 at our Asan plant are producing 13,000Mwh electricity per year.In 2021, we constructed a 9MW solar energy facility at the parking lot of our Ulsan plant.We are also conducting a demonstration project that combines solar power with energy storagesystems (ESS) made from reused waste batteries.1) Waste incineration cogeneration will gradually be replaced by renewable energy in the future.21

04. Achievingcarbon neutrality inour factoriesIn addition to transitioning to renewable energy, we are continually adopting new highefficiency machinery such as high efficiency motors, inverters, and LED lights. We are also usingenergy usage monitoring systems to minimize energy waste and reduce carbon emissions.In the future, we plan to upgrade digital technologies based on AI and big data to optimizeenergy usage in our production process and reduce carbon emissions in our factories.4 2.RE100 initiative anddetailed execution plan(From the top)Photovoltai

The new EV-exclusive brand IONIQ effectively demonstrates the level of our EV technology. IONIQ 5, launched in April 2021, was designed based on our dedicated BEV platform, the Electric-Global Modular Platform (E-GMP). E-GMP's multi-charger system is compatible with a variety of chargers, allowing users easy access to the nearest charging station.