Published 1 month ago

Hyundai Motor Group to invest 68 trln won over 3 years

Summary by Ground News

Korean automaker will hire 80,000 people in Korea to help it become a top-three EV maker by 2030. Over half of the investment (35.5 trillion won/ $26 billion) will be used for R&D on EV infrastructure and manufacturing. Hyundai is already seeing success with its dedicated EV platform (E-GMP) underpinning the IONIQ 5, ION IQ 6, Kia EV6, and Genesis GV60.

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Channel News Asia

Hyundai Motor Group to invest 68 trln won over 3 years

SEOUL : South Korea's Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years to bolster its growth potential in electric vehicles and new mobility business and separately hire 80,000 new employees.More than half of the investment, or 35.5 trillion won, will be

1 month ago·Singapore

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The Korea Times

Hyundai Motor Group to invest $50.6 bil. in Korea by 2026

Hyundai Motor Group said Wednesday it will invest 68 trillion won ($50.6 billion) and hire 80,000 in Korea by 2026, as it seeks to gain a competitive edge in electric vehicles.

1 month ago·Korea, Republic of

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Inquirer

Hyundai to invest more than $50B in major EV push

SEOUL, South Korea — Hyundai on Wednesday revealed plans to invest more than $50 billion in South Korea by 2026, with a huge chunk dedicated to boosting the development and production of electric vehicles. Along with its affiliate Kia, Hyundai is the world’s third-largest automaker by sales, but the South Korean giant lags in the

1 month ago·Manila, Philippines

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WTVB

Hyundai Motor Group to invest 68 trln won over 3 years

SEOUL (Reuters) – South Korea’s Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years to bolster its growth potential in electric vehicles and new mobility business and separately hire 80,000 new employees. More than half of the investment, or 35.5 trillion won, will be allocated for new research and development infrastructure and assembly lines for electric vehicles, the group said in a statemen…

1 month ago

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The Korea Herald

LG vows W100tr investment in Korea with R&D focus

LG Group unveiled a plan Wednesday to invest 100 trillion won ($74.3 billion) in South Korea by 2028 as it seeks to secure technological competitiveness and expand new growth engines. The announcement was made during the regular shareholders meeting of its holding company LG Corp., held at the Seoul headquarters earlier in the day. The company said the planned investment accounts for 65 percent of LG’s overall ...

1 month ago·Seoul, Korea, Republic of

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