Hyundai 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.
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