Hyundai Motor Group announces a $51 billion investment over three years to enhance its electric vehicle and new mobility businesses, with a focus on research and development. Over half of the investment will bolster infrastructure and assembly lines for electric vehicles, while a significant portion will advance research in software-defined vehicles and battery technology. The investment also includes hiring 80,000 new employees, primarily for future-oriented areas such as electrification and carbon neutrality. Hyundai Motor and Kia, along with Hyundai Mobis and Hyundai Engineering & Construction, are integral parts of this initiative by the conglomerate, solidifying its position as a key player in the automotive industry.
Hyundai’s $51 Billion Investment in Electric Vehicles and Job Creation
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