US EditionHyundai Motor to invest record US$16.6bil in South Korea
- Hyundai Motor Group plans to invest 24.3 trillion won in Korea this year, focusing on electrification, software-defined vehicles, and hydrogen energy.
- The investment represents a 19 percent increase from the previous year and is the largest annual investment in Korea.
- Hyundai Motor aims to introduce 21 electric vehicle models by 2030, while Kia plans to expand its lineup to 15 models by 2027.
- The group will invest 800 billion won in autonomous driving and artificial intelligence, emphasizing a commitment to sustainability and innovation.
16 Articles
16 Articles
Hyundai Motor to invest record $16.6B in South Korea
Seoul, South Korea — South Korea’s Hyundai Motor Group said Thursday it plans to make a record $16.6 billion investment in the country, boosting EV and AI development, as it navigates geopolitical challenges and uncertainties. The world’s third-largest carmaker has been confronted with tough competition abroad, as US President-elect Donald Trump’s second term is expected
Hyundai says it will boost EV and AI development with record $16.6 billion investment in South Korea
The 24.3 trillion won ($16.6 billion) investment plan represents a more than 19 percent increase from last year's 20.4 trillion won, the group said in a statement Thursday.
Hyundai Motor to invest record US$16.6bil in South Korea
SEOUL: South Korea’s Hyundai Motor Group said Thursday it plans to make a record US$16.6 billion investment in the country, boosting EV and AI development, as it navigates geopolitical challenges and uncertainties. © New Straits Times Press (M) Bhd
Hyundai Motor Group pledges $16.6 bil. investment in Korea to strengthen competitiveness
Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won ($16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments.
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