Hyundai Motor Group to Invest $50 Billion in S.Korea

Hyundai Motor Group to Invest $50 Billion in S.Korea

Hyundai Motor Group to Invest $50 Billion in S.Korea? SEOUL – Hyundai Motor Group declared on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its competitiveness in different business fields, including electrification, robotics, and urban air mobility, as well as the autonomous driving technology.

The South Korean auto group on Sunday announced its plans to invest more than $10 billion in the United States by 2025 to enhance collaboration with U.S. firms in advanced technology, which includes its $5.5 billion investment for new electric vehicle and battery facilities in Georgia.