Younger folks want telephones over automobiles – Hyundai boss

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Hyundai Motor Group’s govt chair Euisun Chung has delivered a blunt message to the worldwide auto trade: youthful generations aren’t as fascinated with automobiles as older ones, and see them as little greater than instruments for getting from A to B.

In a candid reflection on the altering relationship between folks and automobiles, Mr Chung mentioned in an interview with Automotive Information:

“We’re utilizing telephones and the younger era, they don’t have an enormous attraction to the automobile, they like [their] telephones. So we’re all the time attempting to [make the] automobile… simpler to make use of, and so they need to create the brand new life from going elsewhere discover the knowledge from the telephone and simply automobile is a instrument, proper? For simply shifting the place from A to B.”

The feedback replicate a broader trade concern that automobile enthusiasm is waning amongst youthful consumers, who more and more spend their cash on know-how moderately than mobility.

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For Hyundai, the problem is to make automobiles interesting by integrating connectivity, AI, and autonomy.

Mr Chung mentioned Hyundai is investing closely in software program and driver-assist know-how, with a long-term push in direction of autonomous driving.

“So within the automobile, so that they need to do one thing extra inventive, they don’t need to drive. Yeah, it’s losing money and time, proper?” he mentioned.

“However autonomous driving is a bit bit lengthy strategy to go. There’s too many variables. We’re investing in that space additionally, but it surely’s very troublesome. And naturally, we are going to make a trial and error, however no less than we are going to convey that degree 4 in quickly to fulfill with them easy methods to use their gadget within the automobile.”