Hyundai Motor Group's $16.7 Billion Investment Drive in South Korea
Key Ideas
- Hyundai Motor Group plans to invest $16.7 billion in South Korea in 2025 for R&D, facility expansion, and strategic industries.
- Focus on developing next-generation products, core technologies, electrification, and software capabilities.
- Investments include developing new EV models, software-defined vehicles, and introducing hyper-casting technology for improved production efficiency.
- Additionally, Hyundai will advance in hydrogen fuel cell systems, hydrogen buses, EV component development, and eco-friendly facilities.
Hyundai Motor Group, a South Korean auto giant, is set to invest $16.7 billion in research and development, facility expansion, and strategic industries in the country in 2025. This investment is part of a larger commitment of $68 billion for 2024-2026. The focus will be on next-generation products, core technologies, electrification, and software capabilities, with a significant portion allocated to developing new electric vehicle models and hybrid systems. The group aims to introduce software-defined vehicles and hyper-casting technology for enhanced production efficiency. Moreover, Hyundai will expand efforts in hydrogen fuel cell systems, hydrogen buses, and EV module plants to accelerate advancements in environmental sustainability. The massive investment reflects the determination of Hyundai Motor Group to secure future growth amid economic challenges and global competition.
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Public Transit
Investment
Electric Vehicles
Automotive
Manufacturing
Environmental Sustainability
Future Technologies
Software
R&D
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