Hyundai Glovis looks beyond Hyundai for China growth

Hyundai Glovis is expanding business with Chinese manufacturers as it seeks to reduce its reliance on logistics contracts with Hyundai Motor Group affiliates.

The company said Monday that it had signed a shipping contract with a major Chinese battery manufacturer.

The shipment volume and contract value were not disclosed.

Under the agreement, Hyundai Glovis will transport batteries produced in southern China to automotive manufacturing hubs in Hungary, Spain and Italy.

The company previously sec ...