Hyundai plans $51 billion investment in 6 years with focus on e-vehicles


Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on Wednesday.

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. Hyundai will devote about 20 trillion won of the total investment, spread across six years, to future technologies, it added. It.....

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