Toyota’s former CEO and current chairman, Akio Toyoda, is heading to South Korea next month for a strategic meeting with Hyundai. With a private meeting scheduled between company chairpersons, is a new Toyota and Hyundai EV collaboration coming?
On his first trip to Seoul in over a decade, Toyoda is scheduled to meet with Hyundai Motor chairman Chung Euisun.
The trip comes as “Chairman Chung expressed his desire to meet with Chairman Toyoda earlier this year,” a diplomatic said. After accepting the invitation, Toyoda will fly into Seoul on October 24 for a three-day trip.
During the visit, Chung and Toyoda are scheduled for a private meeting to discuss how the two leading automakers, who have fiercely rivaled each other thus far, can tackle new competition.