Hyundai Motor Group revealed its largest-ever annual investment of 24.3 trillion won ($16.65 billion) in South Korea, with a significant portion directed towards research and development. This decision marks a 19 percent increase from the previous year, showcasing the conglomerate's commitment to innovation and growth amidst challenges and uncertainties. The investment breakdown includes 11.5 trillion won for R&D, 12 trillion won for infrastructure expansion, and 800 billion won for enhancing business competitiveness. In the realm of research and development, Hyundai Motor plans to strengthen its product competitiveness, focusing on automation, software-defined vehicles (SDV), and hydrogen-related products. The company aims to develop a diverse range of EVs, including hybrid vehicles, next-gen hybrid systems, and extended-range electrified vehicles to cater to evolving market demands. Additionally, Hyundai intends to expand its EV lineup significantly by 2030. The automaker is also concentrating on SDV technology, targeting the completion of a high-performance electric vehicle by 2026. Hyundai Motor's strategic plans include constructing dedicated EV plants, developing next-gen technologies like autonomous driving and artificial intelligence, and reinforcing its hydrogen capabilities through the creation of hydrogen buses, trucks, and chargers. The investment allocation emphasizes the significance of future mobility solutions and technological advancements. Overall, Hyundai's investment strategy underscores its vision for sustainable growth, continuous innovation, and the pursuit of cutting-edge technologies to shape the future of the automotive industry.