It has been announced that, following the purchase earlier this year of Doosan Infracore by Hyundai Heavy Industries Group, an intermediary holding company called Hyundai Genuine (HG) has been set up to oversee both firms. Doosan Infracore has been renamed Hyundai-Doosan Infracore and both it and Hyundai Construction Equipment will operate as subsidiaries of the newly created HG group. However, they will continue to operate under their own management systems, competing as sister companies within the global equipment market. HG will provide support to both businesses and help facilitate cooperation - there are several areas where the two companies will work together. This includes the joint development of integrated excavator and wheeled loader platforms by 2025 and working on the development of hydrogen engines for construction machinery.
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