Hyundai Motor Group's Ambitious Domestic Investment Plan for Future Competitiveness
Key Ideas
  • Hyundai Motor Group announces a record-breaking domestic investment plan of KRW 24.3 trillion in Korea, focusing on R&D, current investments, and strategic initiatives.
  • The investment will bolster the company's future competitiveness by developing next-generation products, key technologies, electrification, and software-based vehicles.
  • Plans include building a comprehensive lineup of electric vehicles, expanding production facilities, and investing in hydrogen products and technologies.
  • The investment will also target new business areas, such as robotics and AI, in addition to enhancing core sectors like parts, steel, construction, and finance.
Hyundai Motor Group has unveiled an ambitious domestic investment plan to enhance its future competitiveness in Korea. With a total investment of KRW 24.3 trillion, the company aims to focus on R&D, current investments, and strategic initiatives. This substantial investment includes KRW 11.5 trillion dedicated to research and development, emphasizing the importance of continuous and stable investment amid uncertain business conditions. The company plans to secure core future capabilities, improve product competitiveness, and accelerate advancements in electrification and software-based vehicles. Hyundai Motor Group's strategy involves expanding its electric vehicle lineup, with plans to introduce 21 electric vehicle models by 2030 and develop new hybrid systems to adapt to changing market demands. Additionally, the company aims to invest in hydrogen products, original technologies, and ecosystems to support the transition to hydrogen fuel cell systems. Hyundai Motor Group also intends to invest in areas such as autonomous driving, software, and AI to enhance its core future businesses. The investment will not only impact the automobile sector but also extend to new business areas like robotics and AI. The company is set to make significant investments in parts, steel, construction, and finance to discover new projects, enhance core business competitiveness, and promote the development of next-generation eco-friendly parts and modules. Furthermore, Hyundai Motor Group will focus on improving infrastructure and IT systems to enhance customer convenience and expand logistics bases.
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