Hyundai Motor to invest $18B in South Korea’s EVs by 2030

Hyundai Motor Group will invest 24 trillion won (~$18 billion) in South Korea’s electric vehicle industry through 2030, the company said Tuesday. The news comes a week after Kia, which falls under the Hyundai umbrella, announced its own 32 trillion won (~$24 billion) investment into electrification and future business areas. Hyundai’s investment plan was revealed … Continue reading Hyundai Motor to invest $18B in South Korea’s EVs by 2030