Hyundai Motor Group to invest $50 bln in S.Korea through 2025

Hyundai Mobis

24/05/2022 05:01

SEOUL, May 24 (Reuters) - Hyundai Motor Group said on
Tuesday it plans to invest 63 trillion won ($49.86 billion) in
South Korea through 2025 to strengthen its competitiveness in
different business fields, including electrification, robotics
and urban air mobility, as well as autonomous driving
technology. 
    The South Korean auto group on Sunday announced its plans to
invest more than $10 billion in the United States by 2025 to
enhance collaboration with U.S. firms in advanced technology,
which includes its $5.5 billion investment for new electric
vehicle and battery facilities in Georgia.  urn:newsml:reuters.com:*:nL2N2XE00O

 (Reporting by Heekyong Yang and Byungwook Kim; Editing by
Christian Schmollinger)
 ((Heekyong.Yang@thomsonreuters.com;))