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 commits a record +$16.6 billion in Korea to develop new tech and EVs
The world’s third-largest auto group is going all-in to lead the shift to electrification. With plans to pour a record over $16.6 billion into advancing new tech and EVs in South Korea, Hyundai is laying the groundwork for the future. Can the new investment help it surpass Volkswagen or Toyota in global sales? more…
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's Record Investment Amid Political and Economic Uncertainties
Hyundai Motor Group's Record Investment Amid Political and Economic Uncertainties Hyundai Motor Group has announced a 19% increase in domestic investment, reaching a record high of 24.3 trillion won ($16.65 billion) this year. The South Korean automotive giant aims to secure future growth despite ongoing economic and political uncertainties across global markets.The group's substantial investment includes 11.5 trillion won dedicated to research…
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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