Hyundai to invest W100tr in future vehicles by 2025
The investment plan includes the main affiliate Hyundai Motor’s plan to inject 61 trillion won in its core automobile and future mobility businesses.
The maker of the Sonata sedan and the Santa Fe SUV said last month it will spend 41 trillion won on the existing business and 20 trillion won on new technology in a bid to transform itself into a “smart mobility solutions provider.”
By Ram Garikipati and newswires (ram@heraldcorp.com)