Hyundai Motor Group's Ambitious Investment Plan for Future Growth in South Korea
Key Ideas
- Hyundai Motor Group to increase domestic investment by 19% to a record high of 24.3 trillion won in 2025.
- The investment aims to secure future growth amidst economic and political uncertainties.
- Hyundai plans to sell its Nexo SUV hydrogen fuel cell electric vehicle alongside the Ioniq 5 midsize crossover electric vehicle in Japan.
- This move demonstrates Hyundai's commitment to innovation and sustainability in the automotive industry.
Hyundai Motor Group, based in South Korea, has revealed its ambitious plan to boost domestic investment by 19% to a record high of 24.3 trillion won ($16.65 billion) in 2025. This significant investment comes at a time of economic and political uncertainties but signals the company's determination to secure future growth. Notably, Hyundai is set to introduce its Nexo SUV hydrogen fuel cell electric vehicle in Japan, along with its Ioniq 5 midsize crossover electric vehicle. This strategic move showcases Hyundai's focus on innovation and sustainability within the automotive sector. By expanding its market presence with advanced technology and environmentally friendly options, Hyundai is positioning itself for success in the evolving automotive landscape.
Topics
Latest News
4
6
Boeing Partners with Norsk e-Fuel to Boost Sustainable Aviation Fuel Production in Europe and Beyond
Transportation | an hour ago