Hyundai Motor Group's Bold Investment Plan for Electrification and Innovation
Key Ideas
  • Hyundai Motor Group to invest 24.3 trillion won in Korea, emphasizing electrification, software-defined vehicles, and hydrogen energy.
  • Focus on developing 21 electric vehicle models by 2030 and expanding hydrogen-powered buses and trucks, with plans for more fueling stations.
  • Commitment to sustainability with investments in eco-friendly auto parts, autonomous driving, and AI technologies.
  • Emphasis on innovation and future growth engines to address market uncertainties and strengthen communication with stakeholders.
Hyundai Motor Group has unveiled a bold investment plan of 24.3 trillion won in Korea to accelerate the development of cutting-edge mobility solutions. The investment, representing a 19 percent increase from the previous year, focuses on electrification, software-defined vehicles (SDVs), and hydrogen energy. The group aims to introduce 21 electric vehicle models by 2030 and expand its hydrogen-powered buses and trucks production, along with building more fueling stations to support hydrogen energy. This initiative aligns with Hyundai's commitment to sustainability, with investments in eco-friendly auto parts for EVs and hybrid vehicles. Additionally, the group will invest in autonomous driving and AI technologies, recognizing them as key growth areas for the future. Hyundai Motor Group's proactive approach to innovation and addressing market uncertainties reflects a strong commitment to staying ahead in the automotive industry, as emphasized by Executive Chair Chung Euisun. The company's strategic investments aim to drive growth, overcome crises, and foster a culture of change and innovation, strengthening communication with stakeholders including shareholders, customers, and clients.
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