Radiocor News

Hyundai Motor to invest 125.2 trln won in South Korea through 2030

(Il Sole 24 Ore Radiocor) - Milano, 17 nov - The South Korean car maker Hyundai Motor Group announced plans to invest 125.2 trillion won (73.9 billion euros) in the country over the next five years, as it aims to strengthen Korea's position as a global mobility hub and to boost the national economy.

Hyundai said its planned 2026-2030 domestic investment represents a 36.1 trillion increase over the previous five years.

In particular, the group intends to invest about 50.5 trillion won to strength autonomous driving, software (SDV), robotics and electric vehicle (EV) production capacity. It plans investments of about 38.5 trillion won to develop new products and core technologies and capital expenditures of around 36.2 trillion to optimize production facilities and to construct a global business center.

Hyundai said it aims export to 2.47 million units by 2030, up from 2.18 million units in 2024, and expand EV exports - including EVs, PHEVs, HEVs, and FCEVs - from 690,000 units to.

1.76 million units over the same period.

(RADIOCOR) 17-11-25 15:02:13 (0412) 5 NNNN

 


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