Hyundai Motor to invest $52 billion over six years

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Hyundai Motor said on Wednesday it planned to invest $51.81 billion ( 61.1 trillion won) between 2020 and 2025.

The South Korean carmaker unveiled a “Strategy 2025” roadmap that spending about 20 trillion won on future technologies such as autonomous vehicles, it said in a regulatory filing. It also set an ambitious deadline of 2025 to place itself among the world’s top three makers of battery and fuel cell vehicles, with annual sales of 670,000 electric vehicles, including 560,000 battery-based cars.

The South Korean carmaker unveiled a “Strategy 2025” roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won.

 

Via Reuters

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