Hyundai Motor Group to invest $50 bln in S.Korea through 2025

Other News Materials 24 May 2022 10:20 (UTC +04:00)

Hyundai Motor Group said 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 autonomous driving technology, Trend reports with reference to Reuters.

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.